12.7 Brenda Ltd purchased 60 per cent of the shares of Ogden Ltd on 31 March 20X6. The sum¬ marised balance sheets of the two companies as at 31 March 20X7 were as follows:

Brenda Ltd Ogden Ltd

£000

£000

£000

£000 Fixed assets 125,000 85,000 Investment in Ogden Ltd 75,000

-

Current assets Stock 12,000 11,000 Debtors 11,000 10,000 Cash 8,000 6,000 31,000 27,000 Less: Current liabilities Net current assets 23,000 8,000 16,000 11,000 208,000 96,000 Long-term liabilities 24,000

—

184,000 96,000 Share capital 130,000 55,000 Retained earnings 54,000 41,000 184,000 96,000 At 31 March 20X6 the retained earnings of Ogden Ltd amounted to £30,000. Required:

Prepare a consolidated balance sheet as at 31 March 20X7.