23.2

  A From the following statements of financial position prepare a consolidated statement of financial position for the group of Parenting Ltd, Sub A and Sub B.

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Parenting Ltd Statement of Financial Position as at 31 March 2012 Non-current assets Investment in Sub A: 40,000 shares bought 31.3.2011 Other non-current assets Current assets Share capital Retained profits: As at 31.3.2011 Add Profit for year ended 31.3.2012 97,500 500,000 100,000 697,500 500,000 107,500 90,000 197,500 697,500 Sub A Statement of Financial Position as at 31 March 2012 Non-current assets Investment in Sub B: 17,500 shares bought 31.3.2011 Other non-current assets Current assets Share capital Retained profits: As at 31.3.2011 Add Profit for year ended 31.3.2012 General reserve (as at 31.3.2012) 32,500 40,000 10,000 82,500 50,000 15,000 10,000 25,000 7,500 82,500