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Don Limited acquired 56000 ordinary shares in Son Limited on 1 January 2009. On this date the trial balance of each of the companies reflected

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Don Limited acquired 56000 ordinary shares in Son Limited on 1 January 2009. On this date the trial balance of each of the companies reflected the following balances: ADDITIONAL INFORMATION - The accounting policies of the two companies are identical. - On 1 January 2009, the identifiable assets and liabilities of Son Limited were fairly valued. - The directors of the parent have chosen to measure the non-controlling interest at acquisition date at its fair value of R45 000 . - It is Don Limited's accounting policy to account for investments in subsidiaries at cost price in its separate financial statements. - Assume tax rate 30%. YOU ARE REQUIRED TO: Prepare the following to comply with the minimum requirements of the Companies Act and International Financial Reporting Standards. 1. Prepare the analysis of equity of Son Limited for the year ended 1 January 2009. 2. Prepare the Consolidated Statement of Financial Position of Don Limited Group as at 1 January 2009. NO JOURNAL ENTRIES REQUIRED SHOW ALL CALCULATIONS

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