2 26 MARKS | 39 MINUTES The Doll Limited (hereafter Doll) Group owns a number of factories and stores that manufacture and sell toys in South Africa. Doll previously acquired shares in Slime Limited (hereafter Slime), a company that manufactures slime. The group has a 30 June financial year end. The following information is available for the financial year ended 30 June 2022: TRIAL BALANCES FOR THE REPORTING PERIOD ENDED 30 JUNE 2022 Doll Slime R Land Machinery-Cost Machinery-Accumulated depreciation Investment in Slime Ltd at cost price Trade receivables R R1 635 800 R1 195 200 R2 642 240 (R1 128 000) R1 216 000 R432 000 R200 000 Inventory Share capital: Ordinary shares (R1 000 000) (Doll: 400 000 shares/Slime: 240 000 shares) Retained earnings-1 July 2021 (R1 200 000) Trade and other payables Long term loan Cost of sales Other expenses Depreciation Revenue Gain on sale of machinery Income tax expense (R589 000) (R890 000) (R5 400 000) R2 328 000 R1 000 000 R2 400 000 (R1 266 000) RO R468 800 R480 000 (R480 000) (R1 000 000) (R378 000) (R520 000) (R4 164 000) R2 004 000 R430 000 R640 000 (R400 000) R480 000 RO R512 960 R350 000 Additional information: Doll purchased 180 000 ordinary shares in Slime on 1 July 2020. On that date the retained earnings of Slime were R764 000. On the date when Doll acquired the shares in Slime, all the identifiable assets acquired and the liabilities assumed were shown at their fair values, as determined in terms of IFRS 3, in the records of Slime. Doll recognised the equity investment in Slime in its separate records using the cost price method. Doll elected to measure the non-controlling interests in the acquiree at their proportionate share of the acquiree's identifiable net assets at the acquisition date. 51Page REQUIRED MARKS (i) Prepare the consolidated statement of financial position of the Doll Limited Group for the financial year ended 30 June 2022 in accordance with the International Financial Reporting Standards. [24] Comparatives are NOT required. Communication skills-presentation [2]