=+ 510 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING The summarised statements of financial position at 31 December 2003 of XTRA plc and VDO ple before the proposed combination were: XTRA plc €m ASSETS Non-current Assets Land Property, plant and equipment Current Assets Inventory Receivables Cash in hand and at bank EQUITY AND LIABILITIES Capital and Reserves €1 ordinary shares Revaluation Retained earnings Current Liabilities Additional Information 1. 1.20 2.31 3.71 0.60 0.49 . 0.15 1.24 4.95 2.00 0.49 1.90 4.39 0.56 4.95 The fair value of the assets of VDO plc at 31 December 2003 was: Land Property, plant and equipment Inventory Receivables €1.3m €1.6m €0.2m VDO ple €m \ 0.86 1.67 2.55 0.23 0.19 0.34 0.76 29 1.58 - 1.00 2.50 0.79 3.29 €0.16m 27. CONSOLIDATED STATEMENT OF FINANCIAL POSITION 2. 511 With respect to the measurement of non-controlling interests at the date of acquisi- tion, the proportionate share method equated to the fair value method. Requirement

(a) Prepare the consolidated statement of financial position of XTRA plc and VDO ple.