On 1 January 2008 Home Limited purchased 80% of the shares of Away Limited, a company incorporated and operating in Maru, a country whose currency is Maruvian dollars

(M$). The retained earnings of Away Limited amounted to M$100,000 on 1 January 2008.

For the purposes of measuring non-controlling interests at the date of acquisition, the proportionate share method equated to the fair value method. Goodwill is only reduced by impairment. Impairment of €5,000 occurred during the year under review.

The statements of financial position of Home Limited and Away Limited at 31 December 2017 are as follows:

Additional Information:

1. The financial statements for the year ended 31 December 2017 included the following:

No other dividends were paid or proposed by either company.
2. The following exchange rates have been ascertained:

3. The functional currency of Away Limited is the M$, while the functional currency of Home Limited is the Euro. »
4. Consolidated retained earnings at 31 December 2016 amounted to €441,000.
Requirement Prepare the consolidated statement of financial position of Home Limited as at 31 December 2017, and a statement of movements on reserves during the year ended on that date.

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Assets Non-current assets Property, plant and equipment Investment in Away Limited at cost Current assets Inventory Receivables Cash in hand and at bank Total assets Equity and liabilities Equity Called up share capital Retained earnings Current liabilities Total equity and liabilities Home Limited 000 Away Limited M$000 815 815 60 80 20 160 975 500 355 855 120 975