The summary statements of financial position for Apple Ltd and Pear Ltd are set out below.

Apple Ltd purchased 150,000 shares in Pear Ltd at a price of £1.60 per share on 30 September (the above statement of financial position date). The statement of financial position of Pear Ltd reflects all of the assets of the company, net of liabilities, stated at their fair values.
Required:
Prepare a consolidated statement of financial position for Apple Ltd as at 30 September.

Transcribed Image Text:

Statements of financial position as at 30 September Apple Ltd 000 Pear Ltd 000 ASSETS Non-current assets Property, plant and equipment 950 320 Investment Shares in Pear Limited 240 1,190 320 Current assets Inventories Trade receivables Cash at bank 320 160 180 95 41 15 541 270 1,731 590 Total assets EQUITY AND LIABILITIES Equity: 1 fully paid ordinary shares 700 200 Reserves 307 88 1,007 288 Non-current liabilities Loan notes 500 160 Current assets