When Parent Undertakings Ltd took control of Sons and Co Ltd it valued the non-current assets at 31.12.2013 at $£ 75,000$ instead of $£ 60,000$ as shown.
Draw up the consolidated statement of financial position as at 31 December 2014.

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Parent Undertakings Ltd Statement of Financial Position as at 31 December 2014 Non-current assets Investment in Subsidiary: 40,000 shares bought 31.12.2013 68,000 Other non-current assets Less Depreciation for year 80,000 (8,000) 72,000 Current assets 12,600 152,000 Share capital Retained profits: As at 31.12.2013 Add Profit for 2014 110,000 32,000 10,000 42,000 152,000 Sons and Co Ltd Statement of Financial Position as at 31 December 2014 f Non-current assets Less Depreciation for year Current assets 60,000 (6,000) 54,000 8,000 62,000 Share capital Retained profits: As at 31.12.2013 Add Profit for 2014 40,000 10,000 12,000 22,000 62,000