(b) You have been provided with the statements of financial position of Customs plc and Union Limited as at 31 December 2019. Statements of Financial Position as at 31 December 20194 Customs plc Union Limited '000 E$'000 Assets Non-current assets Property, plant and equipment 7402 8152 Investment in Union Limited at cost 952 8352 8154 Current assets Inventory 852 602 Receivables 2152 80 Cash in hand and at bank 872 20- 3872 160 1.222 975 Equity and Liabilities Equity Called up share capital 300 5002 Retained earnings 6152 3552 9152 8552 Current liabilities 3072 120 1.2224 975 1 Additional Information 1. On 1 January 2010 Customs plc purchased 80% of the shares of Union Limited, a company incorporated and operating in a country whose currency is the Eurasian dollar (E$). The retained earnings of Union Limited amounted to E$100,000 on 1 January 2010. For the purposes of measuring non-controlling interests at the date of acquisition, the proportionate share method equated to the fair value method. Goodwill was impaired for the first time by 5,000 during the year ended 31 December 2019. 2. The financial statements for the year ended 31 December 2019 included the following: Customs plc '000 370- 94 (160) Union Limited E$'000 2974 Operating profit Dividend received from Union Limited Taxation charge Dividend paid Profit retained for the financial year- (77) (60) 160- 2192 No other dividends were paid or proposed by either company. 3. The following exchange rates have been ascertained:- 1 January 2010 31 December 2018 31 December 2019 Average rate for the year ended 31 December 20194 E$10 = 12 E$6 = 12 E$5 = 12 E$5.5 = 12 Requirement Prepare the consolidated statement of financial position of Customs Group as at 31 December 2019, showing any foreign exchange gains and losses arising