(25) Question Six The summarised statements of financial position for three entities at 30 April 2008 are provided below ParsleyCoriander Thyse R000 R000 R000 assets 596.330320,370 489,800 485,000 335.000 87.320 Property, plant and equipment Investments (at cost) Current assets 56,55054800 1,168, 650 711,920 544,800 Equity Share capital (R1 shares) Retained earnings 100,000 75,000 875,400 525,500 435,750 50,000 975,400 600,500 485,750 50,000 80,000 30,000 31,420 liabilities Current liabilities 28,850 43,250 1,168,650 711,920 544,6 (1) Parsley acquired 80% of the equity shares of Coriander on 1 May 20X3 at a cost of R350 million. At this time, the retained earnings of Coriander were R255 million and the fair value of the noncontrolling interest was R80 million (2) At 1 May 20X3 it was determined that land in the books of Coriander with a carrying value of R100 million had a fair value of R135 million 3) Coriander acquired 70% of the equity shares of Thyme on 1 May 20X4 at a cost of R335 million. At this time, the retained earnings of Thyme were R285 million and the fair value of the noncontrolling interest was R175 million (4) At 1 May 20X4 it was determined that plant in the books of Thyme had a fair value of R20 million in excess of its carrying value. The plant is being depreciated over its remaining life of 10 years (5) During the year ended 30 April 20X6, Parsley sold R35 million of goods to Coriander at a margin of 20% Coriander still held one-fifth of these goods in inventory at the reporting date. (6) It is group policy to measure NCI at fair value at the date of acquisition. At 30 April 20X6 it was determined that no impairment had arisen in respect of the goodwill of Coriander but that the goodwill of Thyme had suffered an impairment loss of R8 million Required: Prepare the consolidated statement of financial position for the Parsley Group at 30 April 20X6