Abridged financial statements for Harvest Limited and Wheat Limited as at 30 June this year are set

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Abridged financial statements for Harvest Limited and Wheat Limited as at 30 June this year are set out below. On 1 July last year Harvest Limited acquired 800,000 ordinary shares in Wheat Limited for a payment of £3,500,000. Wheat Ltd€™s share capital and share premium were each the same throughout. Similarly, the assets in the statement of financial position of Wheat Limited were shown at fair market values, throughout.

Statements of financial position as at 30 June this year Harvest Limited Wheat Limited £000 £000 ASSETS Non-current as


Required: 

Prepare the consolidated statement of financial position for Harvest Ltd as at 30 June this year, using the data given above.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Accounting For Decision Makers

ISBN: 9781405888219

5th Edition

Authors: Dr Peter Atrill, Eddie Mclaney, Sin Autor

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