Fiqh acquires the whole of Aimst on 1 January 2020 for a cash consideration of RM150,000,000. On this date, the retained profits of Aimst are RM60,000,000. The summarized accounts of the two companies for the year ended 31 December 2020 are as follows:

Statement of Profit or Loss for the year ended 31 December 2020.

	Fiqh	Aimst
	RM’000	RM’000
Revenue	225,000	150,000
Operating expenses	(150,000)	(86,250)
Termination Benefits	-	(7,500)
Provision for restructuring costs	-	(11,250)
Profit before taxation	75,000	45,000
Taxation	(19,500)	(12,600)
Profit after taxation	55,500	32,400
Retained profits brought forward	64,500	30,000
Retained profits carried forward	120,000	62,400

Statement of Financial Position as at 31 December 2020.

	Fiqh	Aimst
Assets:	RM’000	RM’000
Property, plant and equipment	240,000	120,000
Investment in Sun Bhd	75,000	-
Current Assets	60,000	44,250
Total assets	375,000	164,250
Equity and Liabilities:
Ordinary Share (par value RM1)	150,000	37,500
Retained profits	120,000	62,400
Non Current Liabilities	75,000	22,500
Provisions	-	18,750
Current Liabilities	30,000	23,100
	375,000	164,250

Additional information:

1. At 1 January 2020, Aimst has created a provision called termination benefit expense to pay employees if the company is acquired. The estimated fair value of the termination benefit expense (treated as contingent liability) is RM15,000,000. The amount should be recognized as termination benefit expense in the statement of profit or loss and will be included in the provisions account.
2. The management of Fiqh has agreed to restructure Aimst after the acquisition periods of 2020 and 2021. During the year, the plan for restructuring is finalized and a provision for restructuring cost of RM22,500,000 is recognised as a liability.
3. Both termination benefit expenses and restructuring costs are allowable for tax deductions when paid to employees at tax rate of 19.5%.

Required:

Prepare the consolidated Statement of Profit or Loss and Statement of Financial Position of Fiqh for the financial year 2020. Show all relevant working on goodwill calculation and the consolidation adjustment to recognise the goodwill and elimination of intercompany investment.