Question
GreenSolar Ltd (GreenSolar) is one of the largest solar panel manufacturers in South Africa, with manufacturing plants across the country. Due to increasing concerns about
GreenSolar Ltd ("GreenSolar") is one of the largest solar panel manufacturers in South Africa, with manufacturing plants across the country. Due to increasing concerns about environmental pollution, the unstable electricity supply and increasing electricity costs, South Africa is gradually moving towards renewable energy sources. As a result, GreenSolar has seen significant growth in recent years. Through a strategic expansion process, GreenSolar has also acquired equity interests in several companies. You are the GreenSolar group's financial accountant and are in the process of finalising the group financial statements for the year ended 31 March 2020. GreenSolar's profit after tax in its separate financial statements for its 2020 financial year was R5 035 000
Prepare the additional pro-forma journal entries required to prepare the GreenSolar group financial statements for the year ended 31 March 2020 in respect of the final valuation report related to the Energy SA acquisition.
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