Given below re the balances of Hero and Super as at 31 December 20x5:

Hero Bhd

Super Bhd

Non-current assets

Land and building

300,000

305,000

Other NCA

500,000

135,000

Investment in 170k OSC of Super at cost

210,000

Current Assets

Inventories

40,000

20,000

Trade receivables

25,000

40,000

Bank

25,000

35,000

Equity

Ordinary Shares

800,000

425,000

100k 5% Preference shares

100,000

Retained Profit

150,000

80,000

Current Liabilities

Trade payable

50,000

30,000

Additional information:

1. Hero acquired 170,000 of the 425,000 issued ordinary shares of Super on 1 Jan 20x5 when the retained profit of Super was RM50,000. Hero was able to vote in 9 out of 12 directors to the board of directors and controls the board.
2. During the current year, Super sold inventories of sale value RM12,000 to Hero. Super sold these goods to Hero at cost plus 20%. Hero had not sold 50% of these goods yet. In addition, Hero had not paid Super for these goods.
3. On 1 July 20x5, Hero sold a piece of land costing RM50,000 for RM80,000 to Super. Super does not intend to sell this land.
4. The directors of Hero and Super declared the following dividends on 20 December x5:

Hero

Super

Ordinary dividends

RM28,000

RM9,000

Preference dividends

RM2,500

1. Goodwill is impaired by 25%

Required:

Prepare the CSOFP as at 31 December 20x5