(b) You have been provided with the statements of financial position of Customs pe Union Limited as at 31 December 2019, Statements of Financial Position as at 31 December 2019 Customs plc Union Limited '000 ES"000 The following 31 December 2013 Aven Res 815 Assets Non-current assets Property, plant and equipment Investment in Union Limited at cost 740 95 835 815 60 80 Current assets Inventory Receivables Cash in hand and at bank 85 215 87 387 1.222 20 160 973 Equity and Liabilities Equity Called up share capital Retained earnings 300 615 915 307 1.222 500 355 855 120 975 Current liabilities Additional Information 1. On January 2010 Customs plc purchased 80% of the shares of Union Limited, a company incorporated and operating in a country whose currency is the Eurasian dollar (ES). The retained earnings of Union Limited amounted to E$100,000 on 1 January 2010. For the purposes of measuring non-controlling interests at the date of acquisition, the proportionate share method equated to the fair value method. Goodwill was impaired for the first time by 5,000 during the year ended 31 December 2019. 2. The financial statements for the year ended 31 December 2019 included the following: Customs plc Union Limited '000 E$'000 Operating profit 370 Dividend received from Union Limited 297 9 Taxation charge Dividend paid (160) (77) Profit retained for the financial year (60) 219 160 No other dividends were paid or proposed by either company. e and 3. The following exchange rates have been ascertained: 1 January 2010 31 December 2018 E$10 = 1 E$6 = 1 31 December 2019 ES5 = 1 Average rate for the year ended 31 December 2019 E$5.5 = 1 Requirement Prepare the consolidated statement of financial position of Customs Group as at 31 December 2019, showing any foreign exchange gains and losses arising. 15 Marks Total 25 Marks