Advanced Financial Reporting

JKU Plc acquired 60% of TES Ltd's ordinary share capital on 1 October 2016 at a price of Shs 1.06 per share. The balance on TES Ltd 's retained earnings at that date was shs 104m and the general reserve stood at Shs 11m. Their respective statements of financial position as at 30 September 2020 are: JKU Plc Shs TES Ltd Shs Assets Non-current assets Property, plant and equipment Patents Investment in TES Ltd 354 2,848 45 159 3,502 354 Current assets Inventories Trade and other receivables Cash and cash equivalents 895 1,348 225 251 212 Total assets 507 Equity 864 Share capital (20 cents ordinary shares) 920 50 Retained eamings 2,086 394 General reserve 775 3.781 490 Non-current liabilities Long-term borrowings 168 Current liabilities Trade and other payables 1.168 183 Current portion of long-term borrowings 1168 Total equity and liabilities 5.507 863 At the date of acquisition, the fair values of some of TES Ltd 's assets were greater than their carrying amounts. One line of TES Ltd's inventory had a fair value of Shs Sm above its carrying amount. This inventory had all been sold by 30 September 2020. TES Ltd 's land and buildings had a fair value Shs 26m above their carrying amount. Shs 20 of this is attributable to the buildings, which had a remaining useful life of ten years at the date of acquisition It is group policy to value non-controlling interests at full (or fair) value. The fair value of the noncontrolling interests at acquisition was Shs 86m. Annual impairment tests have revealed cumulative impaiment losses relating to recognised goodwill of Shs 20m to date. Required Produce the consolidated statement of financial position for the JKU Plc Group as at 30 September 2020. Your