At as 31 December 20X7, P Ltd has three wholly owned subsidiaries, E Ltd, F Ltd and G Ltd. The share capital of P Ltd comprises 400,000 ordinary shares. The share capital of E Ltd, F Ltd and G Ltd each comprises 100,000 ordinary shares. P Ltd acquired its 100% interest in E Ltd for cash consideration of $100,000 in January 20X1 when E Ltd was incorporated with share capital of $100,000. P Ltd acquired its 100% interest in F Ltd for cash consideration of $230,000 in February 20X2 when F Ltd's net assets at fair value were represented by share capital of $100,000 and retained profit of $130,000. P Ltd acquired its 100% interest in G Ltd for cash consideration of $250,000 in March 20X5 when G Ltd's net assets at fair value were represented by share capital of $100,000 and retained profit of $100,000. FRS 27 (SFRS(I) 1-27) was adopted from 1 January 20X5. However, there has been no goodwill impairment. The group adopts FRS 110 (SFRS(I) 10) and FRS 103 (SFRS(I) 3) on 1 January 20X8. On 1 January 20X8, P Ltd sold (i) all its shareholding in E Ltd for cash consideration of $450,000, (ii) 90,000 of F Ltd's shares for cash consideration of $400,000, and (iii) 40,000 of G Ltd shares for cash consideration of $120,000. The fair value of the remaining 10,000 shares in F Ltd (which is to be accounted for as FVOCI investments under FRS 109 (SFRS(I) 9)) was $35,000 and $38,000 on 1 January 20X8 and 31 December 20X8 respectively. The financial statements of the companies for the year 20X8 are as follows:

(a) Statement of financial position as at 31 December 20X8

P Ltd E Ltd F Ltd G Ltd $'000 $'000 $'000 $'000 Investment in AFS, at fair value 10,000 shares in F Ltd 38 Investment in subsidiary, at cost 60,000 shares in G Ltd 150 Other assets 1,010 800 700 600 1,198 800 700 600 Share capital 400 100 100 100 Fair value reserve 15 Retained profits 550 420 280 190 Liabilities 233 280 320 310 1,198 800 700 600