Aoki Berhad, Bunshin Sdn Bhd and Cici Sdn Bhd are companies in the same group. The group closes its accounts on 31 March each year.

The following statements of financial position for the year 2020 was provided to you. You are required to assist your group accountant to prepare the group statement of financial position as at 31 March 2020. You must show all relevant workings.

	Aoki RM’000	Bunshin RM’000	Cici RM’000
Investment in Bunshin	16,000
Land	12,300	8,600	7,800
Building	7,600	3,100	2,260
Plant	3,870	2,365	1,655
Machinery	2,940	1,887	1,388
Equipment	2,166	1,265	987
Current assets: Inventories Trade receivables Bills receivables Bank	3,244 3,698 500 5,365	2,344 2,398 - 1,871	1,765 1894 - 1,182
Total assets	57,683	23,830	18,931
Ordinary shares	40,000	15,000	12,000
3% Preference shares	2,000	1,500	-
6% Preference shares			800
Revaluation reserve	3,210	1,500	750
Retained earnings b/f Profit for the year	5,639 3,062	992 1,202	1,625 800
4% Debentures	-	1,000
8% Debentures			625
Trade payables	3,772	2,236	2,031
Bills payables	-	400	300
Total equities and liabilities	57,683	23,830	18,931

Additional Information

1. Aoki Berhad acquired 80% of ordinary shares in Bunshin Sdn Bhd on 1 April 2018 with consideration transferred of RM16 million. Retained earnings of Bunshin on this date was a profit of RM850,000.

2. On the date of acquisition, Bunshin’s assets recorded the following fair value adjustments:

Asset Fair value adjustment Useful life

Land RM500,000

Building RM200,000 10 years

Machinery (RM50,000) 5 years

3. Aoki Berhad also acquired 20% of the ordinary shares in Cici Sdn Bhd on 1 January 2020 with cash consideration of RM3 million paid on the acquisition date. Aoki also acquired 40% of the preference shares issued by Cici and 50% of the debentures in Cici on 1 October 2019. Cash payment of RM320,000 and RM312,500 were paid to acquire the preference shares and debentures respectively.

4. Bunshin also acquired 40% of the ordinary shares in Cici on 1 January 2020 with the following consideration which were paid on the date of acquisition:

Cash payment RM1,000,000

10% Debentures RM4,000,000

On this date, plant belonging to Cici was found to have a fair value adjustment of RM100,000 more than the carrying value and machinery belonging to Cici was found to be RM50,000 less than the carrying value. The depreciation adjustment required for the plant was RM25,000 more and depreciation adjustment for machinery was RM10,000 lesser for the year ended 31 March 2020.

5. During the year, Aoki sold inventory to Bunshin at cost plus 25% with the invoice value of RM500,000. Bunshin sold 50% of these inventories to Cici and the remaining 50% was sold off to third parties. Bunshin made a profit of RM35,000 on the sale of inventory to Cici. Cici has not sold any of the inventories.

6. Bunshin sold equipment to Cici on 10 January 2020 with the profit of RM20,000 and the estimated useful of this equipment is 4 years. Depreciation charged fully in the year of acquisition and none in the year of disposal.

7. Aoki purchased all the bills payables (RM400,000) issued by Bunshin on 1 April 2019 but factored 60% of these bills in February 2020 in order to pay bonus to its employees.

8. In March 2020, the following dividends and interests were identified but have not yet been recorded:

	Accrual	Receivable
Aoki Ordinary Shares Preference Shares	250 60	- -
Bunshin Ordinary Shares OS dividend income - Aoki (80%) Preference Shares Debentures	150 45 40	120 - -
Cici Ordinary shares OS dividend income - Aoki (20%) OS dividend income - Bunshin (40%) Preference shares PS dividend income - Aoki (40%) Debentures Debenture interest income - Aoki (50%)	80 12 12.5	16 32 4.8 6.25

Required

Prepare the Group Statement of Financial Position as at 31 March 2020 for Aoki group.

Note: Show ALL relevant workings.