Further information: i. P acquired 75% of the equity share capital of S several years ago, paying TZS 5 million in cash. At this time the balance on S's retained earnings was TZS 3 million. ii. P acquired 30% of the equity share capital of A on 1 October 2006, paying TZS 750,000 in cash. At 1 October 2006 the balance on A's retained earnings was TZS 1.5 million. iii. During the year, P sold goods to A for TZS 1 million at a mark-up of 25%. At the year-end, A still held one quarter of these goods in inventory. iv. As a result of this trading, P was owed TZS 250,000 by A at the reporting date. This agrees with the amount included in A's trade payables. v. At 30 September 2008, it was determined that the investment in the associate was impaired by TZS 35,000. vi. Non-controlling interests are valued using the fair value method. The fair value of the non-controlling interest at the date of acquisition was TZS 1.6 million.

Required: Prepare the consolidated statement of financial position of the P group as at 30 September 2008

S $000 A $000 7,500 3,000 Below are the statements of financial position of three entities as at 30 Septe P $000 Non-current assets Property, plant and equipment 14,000 Investments 10,000 24,000 Current assets 6,000 30,000 Equity Share capital ($1 ordinary shares) 10,000 Retained earnings 7,500 17,500 Non-current liabilities 8,000 Current liabilities 4,500 30,000 Further information: 7,500 3,000 10,500 3,000 1,500 4,500 1,000 5,500 6,500 1,250 2,750 10,500 500 2,500 3,000 500 1,000 4,500 S $000 A $000 7,500 3,000 Below are the statements of financial position of three entities as at 30 Septe P $000 Non-current assets Property, plant and equipment 14,000 Investments 10,000 24,000 Current assets 6,000 30,000 Equity Share capital ($1 ordinary shares) 10,000 Retained earnings 7,500 17,500 Non-current liabilities 8,000 Current liabilities 4,500 30,000 Further information: 7,500 3,000 10,500 3,000 1,500 4,500 1,000 5,500 6,500 1,250 2,750 10,500 500 2,500 3,000 500 1,000 4,500