goodwill

NCI

Below is the Statement of Financial Position as at 31 December 2022 of Prominent and Sorry. Statement of Financial Position as at 31 December 2022 Non-Current Assets Freehold Property Plant and Machinery Investment Current Assets Inventory Trade Receivables Cash Total Assets Equity and Liabilities Equity Share Capital - RM1 Shares - Retained Earnings Prominent RM ('000) 1950 795 1500 4245 575 330 50 955 5200 2000 1460 3460 1250 375 Sorry RM ('000) 1625 300 290 120 710 2335 1000 885 1885 Non-Current Liabilities. 12% loan stock Current Liabilities Trade Payables Bank Overdraft Total Equity and Liabilities Additional Information: 3460 500 680 560 1240 5200 1885 100 350 350 2335 1. Prominent Co acquired 600,000 ordinary shares in Sorry Co. on 1 January 2019 for RM1,000,000 when the retained earnings of Sorry Co. was RM200,000. 2. At the date of acquisition of Sorry Co, the fair value of its freehold property was considered to be RM400, 000 greater than its value in Sorry Co's Statement of Financial Position. Sorry Co. had acquired the property in January 2013 and 50% of the value building had depreciated on cost over 50 years. 3. Non-Controlling interest was valued at full fair value. Sorry Co. shares were trading at RM1.60 prior to the acquisition by Prominent Co. Required: Prepare a Consolidated Statement of Financial Position as at 31 December 2022. (Show the working) You are lc