125) QUESTION THREE The following are the trial balances of H Ltd and S Ltd at 31 December 2018. H Ltd S Ltd Non-current assets (PPE) 185 000 85 000 Share Capital (200 000) (80 000) Retained earnings (52 200) (30 000) (01/01/2018) Investment in S Ltd, at cost 65 000 Deferred taxation (2000) (1 000) Long term liabilities (18 000) (4000) Current assets 55 200 49 000 Profit before tax (45000) (25 000) Taxation 12 000 6 000 Additional information: H Ltd acquired 60% of the shares in S Ltd on 31 December 2016 when the retained earnings for S Ltd was R20 000. S Ltd purchased all its inventories from H Ltd at cost price plus 25%. The inventories on S Ltd's books amounted to R3 600 at 31 December 2017 and R10 800 at 31 December 2018. Assume that the cost price or carrying amount equals the current fair value. Required: Prepare the abbreviated consolidated Statement of Financial Position of H Ltd and its subsidiary