ESTION 3 (20 MARKS) following are the abridged financial statements of P Ltd and its subsidiary S Ltd at orting date 30 June 2021: STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2021 P Ltd S Ltd R R SETS perty, plant and equipment 1 600 000 2 200 000 estment in S Ltd at cost price 1 700 000 rrent assets de receivables 200 850 000 000 erty, plant and equipment 2 200 000 stment in S Ltd at cost price 1 600 000 1 700 000 ent assets e receivables 200 850 000 000 50 000 assets 350 000 4 500 000 2 450 000 ITY AND LIABILITIES e capital (500 000/300 000 shares) 2 600 000 1 400 000 100 luation surplus EXTRACT FROM THE STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2021 Retained earnings P Ltd S Ltd ce at 1 July 2020 480 000 350 000 ges in equity for 2021 nd paid (80 000) omprehensive income for the year 300 000 (50 000) 200 000 500 000 ce at 30 June 2021 700 000 TION 2 CONTINUED ADDITIONAL INFORMATION: The share capital of S Ltd was issued as follows: 1 July 2015 200 000 shares @ R5 each R1 000 000 31 December 2018 100 000 shares @ R4 each R400 000 300 000 shares No shares have been issued or bought back since those dates. On 30 June 2021 P Ltd purchased 225 000 shares in S Ltd at R1 700 00 existing shareholders. P Ltd elected to measure non-controlling interests at fair value at the acq Ignore all tax implications for the purposes of this question. REQUIRED: 3.1 3.2 Prepare the analysis of the owners' equity of S Ltd. (8) Prepare the consolidated statement of financial position of P subsidiary for the reporting period that ended on 30 June 2021. (12) Your answer should strictly comply with IAS 1 Presentation o statements. ESTION 3 (20 MARKS) following are the abridged financial statements of P Ltd and its subsidiary S Ltd at orting date 30 June 2021: STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2021 P Ltd S Ltd R R SETS perty, plant and equipment 1 600 000 2 200 000 estment in S Ltd at cost price 1 700 000 rrent assets de receivables 200 850 000 000 erty, plant and equipment 2 200 000 stment in S Ltd at cost price 1 600 000 1 700 000 ent assets e receivables 200 850 000 000 50 000 assets 350 000 4 500 000 2 450 000 ITY AND LIABILITIES e capital (500 000/300 000 shares) 2 600 000 1 400 000 100 luation surplus EXTRACT FROM THE STATEMENTS OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2021 Retained earnings P Ltd S Ltd ce at 1 July 2020 480 000 350 000 ges in equity for 2021 nd paid (80 000) omprehensive income for the year 300 000 (50 000) 200 000 500 000 ce at 30 June 2021 700 000 TION 2 CONTINUED ADDITIONAL INFORMATION: The share capital of S Ltd was issued as follows: 1 July 2015 200 000 shares @ R5 each R1 000 000 31 December 2018 100 000 shares @ R4 each R400 000 300 000 shares No shares have been issued or bought back since those dates. On 30 June 2021 P Ltd purchased 225 000 shares in S Ltd at R1 700 00 existing shareholders. P Ltd elected to measure non-controlling interests at fair value at the acq Ignore all tax implications for the purposes of this question. REQUIRED: 3.1 3.2 Prepare the analysis of the owners' equity of S Ltd. (8) Prepare the consolidated statement of financial position of P subsidiary for the reporting period that ended on 30 June 2021. (12) Your answer should strictly comply with IAS 1 Presentation o statements