A Ltd acquires a 60 per cent interest in B Ltd on 1 July 2022 for a cost of $2 million representing the fair value of consideration transferred. The management of A Ltd values any non-controlling interest at acquisition date at the proportionate share of B Ltd's net identifiable assets at acquisition date. All assets are assumed to be fairly valued in the books of B Ltd. The share capital and reserves of B Ltd at the date of acquisition are:

Share capital $2 000 000

Retained earnings $600 000

$2 600 000

B Ltd acquires a 60 per cent interest in C Ltd on 1 July 2022 for $1.6 million representing the fair value of consideration transferred. Any non-controlling interest in C Ltd at acquisition date is based on fair value. The share capital and reserves of C Ltd at the date of acquisition are:

Share capital $1 600 000

Retained earnings $800 000

$2 400 000

The statements of comprehensive income and statements of financial position of the entities at 30 June 2023 (one year after the acquisitions) are as follows:

Abbreviated statement of profit or loss and other comprehensive income

A Ltd ($000) B Ltd ($000) C Ltd ($000)

Retained earnings

Profit before tax 1 000 160 200

Tax expense (540) (50) (80)

Profit after tax 460 110 120

Statement of changes in equity

Profit after tax (extract) 460 110 120

Retained earnings1 July 2022 2 000 600 800

2 460 710 920

Dividends declared (400) (100) (60)

Retained earnings30 June 2023 2 060 610 860

Statement of financial position A Ltd ($000) B Ltd ($000) C Ltd ($000)

Shareholders' equity

Retained earnings 2 060 610 860

Share capital 8 000 2 000 1 600

Current liabilities

Accounts payable 340 80

Dividends payable 400 100 60

Non-current liabilities

Loans 800 500

11 600 3 290 2 520

A Ltd ($000) B Ltd ($000) C Ltd ($000)

Current assets

Cash 590 74 200

Accounts receivable 250 350 400

Dividend's receivable 60 36

Inventory 1 000 600 800

Non-current assets

Land 700 400

Plant 3 000 630 720

Investment in B Ltd 2 000 -

Investment in C Ltd 1 600

11 600 3 290 2 520

Additional information

It is assumed that goodwill acquired has been subject to an impairment loss of 20 per cent of the original goodwill value.

REQUIRED

Present consolidated financial statements for A Ltd and its controlled entities as at 30 June 2023.