Given below are the Statement of Financial Positions of H and S as at 31 Dec 20X7.
						H		S
						$'000		$'000
Ordinary shares of $ 1.00 each						1000		400
Retained Earnings						300		200
						1300		600
Investment in S at cost						500		-
Non-current assets						700		450
Inventory						200		200
						1400		650
Liabilities						-100		-50
						1300		600
a) H acquired 75% of the issued ordinary shares of S on 1 January 20X7 for $ 500,000. On that
date the retained earnings of S stood at $ 100,000.
b) H choose to only account for its own Goodwill in the consolidated financial
statements, as per one of the options allowed under NZ IFRS 3.
c) During the year H sold goods costing $40,000 for $50,000 to S. Half of thes goods
remain unsold by S as at 31 December 20X7.
Required:
Prepare the consolidated Statement of Financial Position of H group as at 31 December 20X7.