=1. The financial statements of company M and its subsidiary S are shown here (in €m).

Balance sheet Assets M S Equity and liabilities M S Tangible and intangible fixed assets 100 30 Equity and share capital 40 10 Investment in subsidiary S

16 — Reserves 80 10 Other investments 5 — Net earnings 10 5 Current assets 200 70 Debt 191 75 Total 321 100 Total 321 100 Income statement M S Sales 200 90

− Purchases of raw materials 100 50

− Change in inventories — 2

− Other external services 25 20

− Personnel costs 40 8

– Interest and other financial charges 10 1

+ Interest, dividends and other financial income 3 —

– Exceptional costs 9 —

+ Exceptional income 2 —

– Corporate income tax 11 4

= Net income 10 5 Draw up the consolidated accounts for the group M + S in the following circumstances: