Consolidated account - B/S Parent and subsidiary

Below are the statements of financial position of two companies as at 30 November 2019.

	Apple Plc		Kiwi Plc
	'000		'000
Non current assets
Property, plant and equipment	8,420		5,800
Investments:
3360,000 shares in Kiwi	4,500		-
	12,920		5,800
Current assets
Inventory	1,900		3,200
Receivables	310		1,550
Bank	1,935		290
	4,145		5,040
	17,065		10,840
Equity
1 ordinary shares	5,600		4,200
Share premium	2,500		125
Retained earnings	6,160		3,010
	14,260		7,335
Non current liabilities
Loans	1,500		750
Current liabilities
Trade payables	750		2,400
Taxation	455		305
Bank	100		50
	1,305		2,755
	17,065		10,840

You are also given the following information:

1. Apple acquires its shares in Kiwi on 1 December 2018 when Kiwi had retainedearnings of 600,000. At this time, the plant in the books of Kiwi was determined to have a fair value of 400,000 in excess of its carrying value. The plant had a remaining life of 4 years at this time.
2. An impairment test at the year end shows that goodwill for Kiwi has impaired by30,000
3. During the year, Kiwi sold goods to Apple for 800,000 (sales value to Apple) at a margin of 20%. Apple had ahalf of these goods still in inventory at the year-end.
4. As a result of the sales between Apple and Kiwi, Apple showed a trade payable of 80,000 and Kiwi showed a trade receivable of 80,000.
5. The Apple Group values the non-controlling interest using the fair value method. The fair value of the non-controlling interest on 1 December 2018 was 1,095,000.

Required:

1. Prepare the consolidated statement of financial position for the year ended 30 November 2019.
2. If the inter-company sales is sold by Apple to Kiwi,what difference would this have made to the value of group retained earnings and NCI?
3. If the NCI is measured by method 1-proportion of net assets,what difference would this have made to the value of goodwill, group retained earnings and NCI? (Inter-company sales is sold by Kiwi to Apple - as the main question requested)

MORRISONS (Annual Report 2020/21)

1. What goodwill figure does Morrisons have in their accounts (NB: just goodwill, not other intangibles as well) and what companies did they buy to result in this goodwill?

1. There is no non-controlling Interest in the consolidated statement of financial position relating to the subsidiaries acquired which created the goodwill. Why not?

(Hint: what % of the subsidiaries did Morrisons buy? Where could you find that out.....look towards end of accounts for list of all their subs......notice anything odd??)