=+The following is a summary of the balances in the books of Black Limited as at 31 March 20X2: Black Limited = Assets Non-current assets Property, plant and equipment Investment in Bird: 75,000 ordinary shares 60,000 preference shares 5,000 debentures Current Assets Total Assets Equity and Liabilities Equity Ordinary shares (€1) 7% preference shares (€1) General reserve Retained profit Non-current liabilities 6% Debentures 190,000 165,000 60,000 5,000 420,000 145,500 565,500 300,000 98,500 448,500 Bird Limited € 190,000 190,000 143,400 333,400 100,000 80,000 50,000 40,000 44,400 264,400 20,000 | 27. CONSOLIDATED STATEMENT OF FINANCIAL POSITION Current liabilities Trade payables Proposed dividends: Debenture interest accrued Total current liabilities Total Equity and Liabilities Additional Information 87,000 Ordinary Preference 30,000 117,000 565,500 32,200 10,000 - - 5,600 1,200 49,000 333,400 505

(a) Black Limited acquired the shares of Bird Limited, cum dividend on 31 March 20X1.