financ 10.14 From the information given below, you are required to prepare the consolidated statement of financial position as at 31 December x6. Oliver acquired 1.6 million of the 2 million ordinary shares of Jamie on 1 January x3. The retained profit of Jamie on that date was RM900,000. (a) Statements of financial position of Oliver and Jamie as at 31 December x6: Ordinary share capital Retained profit Current liabilities Oliver RM'000 Land Building (cost) Accumulated depreciation Plant and machinery Accumulated depreciation Fumiture and fittings Accumulated depreciation Investment in Jamie - Ordinary shares at cost Current assets Jamie RM'000 4,000 2,200 700 600 300 400 5,000 3,200 900 800 1,200 2,000 (700) (500) 300 840 (100) (420) 150 240 (30) (150) 3,000 280 5,000 390 3,200 (b) Additional information: On 1 January x3, the fair values and other details of the non-current assets of Jamie were: Land Building Plant and machinery Furniture and fixtures Carrying Amount RM'000 Fair Value Remaining Useful Life RM'000 300 300 1,580 1,580 700 900 210 280 Nil 240 8 7 Indefinite Brand Non-current assets are depreciated using the straight-line method. As at 31 December x6, it was determined that the intangible brand in Jamie was impaired by RM200,000. Oliver's policy is to disclose land at fair value and the fair values of land on 31 December x6 were RM1,500,000 (Oliver) and RM1,200,000 (Jamie). Included in the current assets of Oliver is RM45,000 due from Jamie. However, Jamie has remitted RM10,000 on 31 December x6 which Oliver received on 1 January x7