14.1 Thollowing are the statements of brancat position of Percie, Robin and Van as at 31 December 7 Robin RM'000 700 Van RM 000 Assets Non current sets brent in Robi - 300.000 arwy shares Investment in Van - 100,000 ondinsiy shares Percie RM'000 500 500 200 30 20 100 1.350 Current 750 670 Equity and Liabilities 1,000 300 500 200 30 20 750 400 220 20 30 Fenedeirolit Loan from Paroe Cumentaties 50 1.350 670 . Aditional information The number of ordinary stures in issue of the three entities is as follows: Perce 500,000 ordinary shares Robin 500.000 shares Van 400,000 shares b. Percie acquired the shares in Robin on 1 January x5 when the retained profit of Robin was RM 100.000 (credit, The carrying amounts of the assets of Robin reflected their fair values when Percie purchased Robin's shares On 1 January 26, Percie purchased the shares in Van when Van's retained profit was RM60,000 (credit) Percie exerts significant influence over Vari. On 1 January 6, the fair value of a non-depreciable asset of Van was RM100,000 more than its carrying amount and on 31 December x7, the same asset's fair value rose by RM80,000. Perdie wants to recognise the increase in fair value dDuring the year. Percie sold inventores to Van. Sales are made at cost plus 25 percent. Included in the Current assets of Van are RM20,000 inventories bought from Percie. Included in the current assets of Percie are dividends receivable from Robin and Van of RM3.000 and RM2,000, respectively Perce recognises the parent's share of goodwill only Goodiwall in Robin is impared by RM20,000 as at 31 December 7 Investment in associate is not impaired. Required: Prepare the consolidated statement of financial position as at 31 December 7 Show detailed working for the amount of investment in Van 14.1 The following are the statements of financial position of Percie, Robin and Van as at 31 December x7; Robin RM'000 700 Van RM'000 600 Assets Non-current assets Investment in Robin -- 900,000 ordinary shares Investment in Van - 100,000 ordinary shares Loan to Robin Loan to Van Current assets Percie RM'000 500 500 200 30 20 100 1,350 50 750 70 670 Equity and Liabilities Ordinary share capital Retained profit Loan from Percie Current liabilities 1.000 300 500 200 30 20 750 138888 400 220 20 30 670 50 1,350 a. C. Additional information: The number of ordinary shares in issue of the three entities is as follows: Percie 500,000 ordinary shares Robin 500,000 shares Van 400,000 shares b. Percie acquired the shares in Robin on 1 January 6 when the retained profit of Robin was RM100.000 (credit). The carrying amounts of the assets of Robin reflected their fair values when Percie purchased Robin's shares. On 1 January 26, Percie purchased the shares in Van when Van's retained profit was RM60,000 (credt). Percie exerts significant influence over Van. On 1 January 6, the fair value of a non-depreciable asset of Van was RM100,000 more than its carrying amount and on 31 December x7, the same asset's fair value rose by RM80,000. Percie wants to recognise the increase in fair value. d. During the year, Percie sold inventories to Van. Sales are made at cost plus 25 percent. Included in the current assets of Van are RM20,000 inventories bought from Percie unsold lyet sell) e. Included in the current assets of Percie are dividends receivable from Robin and Van of RM3,000 and RM2,000, respectively. f. Percie recognises the parent's share of goodwill only. 9. Goodwill in Robin is impaired by RM28,000 as at 31 December x7. h. Investment in associate is not impaired. Required: i. Prepare the consolidated statement of financial position as at 31 December 7. ill. Show detailed working for the amount of investment in Van