3. Raimonda acquired 80% of the shares of Dainius when net assets were $600,000. On 31 March 2009,

Raimonda sold 60% of the investment in Dainius for $350,000 but has not yet accounted for the sale.

The fair value of the remaining investment was $250,000.

Goodwill on acquisition has not been impaired and the nci interest in goodwill had been calculated as $3,000

The respective Statements of Financial Position and Statements of Comprehensive Income for the year

ended 30 June, 2009 were:

Investment in Dainius Other net assets

$1 Equity shares Retained earnings

Profit before tax

Tax

Retained earnings for the year

Raimonda Dainius

500,000 - 800,000 700,000 1,300,000 700,000 550,000 200,000 750,000 500,000 1,300,000 700,000 60,000 50,000 15,000 12,500 45,000 37,500

Prepare the Consolidated Financial Statements for the Raimonda Group for the year ended 30 June, 2009