In January 2015, Pol acquired 75% of Sols equity shares by means of an immediate share exchange of 2 shares in Pol for five shares in Sol. The share value of Pol and Sols shares at 1 January 2015 were $4.00 and $3.00 respectively. In addition to the share exchange Pol will make a cash payment of $1.32 per acquired share, deferred until 1 January 2016. Pol has not recorded any of the consideration for Sol in its financial statements. Pols cost of capital is 10% per annum.

The summarized statement of financial position for the two companies at 30 June 2015 are:

POL	SOL
Assets	$000	$000
Non-current assets (note (ii))
Property plant and Equipment	55,000	28,600
Financial Asset Equity Investment (note (v))	11,500	6.000
66,500	34,600
Current assets
Inventory (note (iv))	17,000	15,400
Trade Receivables (note (iv))	14,300	10,500
Bank	2,200	1,600
33,500	27,500
Total assets	100,000	62,100
Equity and Liabilities
Equity
Equity shares of $1 each	20,000	20,000
Other components of Equity	4,000	0
Retained earnings at 1 July 2014	26200	14,000
For the year ended 30 June 2015	24,000	10,000
74,200	44,000
Liabilities
Current liabilities (note i(v))	25,800	18,100
Total equity and liabilities	100,000	62,100

The following Information is relevant:

(i) Sols business is seasonal and 60% of its annual profits is made between 1 January and 30 June each year.

(ii) At the date of acquisition, the fair value of Sols net assets was equal to their carrying amount with the following exceptions:

An item of plant had a fair value of $2 million below its carrying value at the date of Sols acquisition it had a remaining life of 2 years

The fair value of Sols investment was $7 million (see note(v))

Sol owned the right to a popular mobile (cellular) phone game. At the date of acquisition, a specialist valuer estimated that the rights worth $12 million and had an estimated remaining life of 5 years.

(iii) Following an impairment review, consolidated goodwill is to be written down by $3 million as at 30 June 2015.

(iv) Pol sells goods to Sol at a cost plus 30%. Sol had $1.8 million of goods in its inventory at 30 June 2015 which had been supplied by Pol. In addition, on 28 June 2015 Pol processed the sale of $800,000 of goods to Sol which Sol dis not account for until their receipt on 2 July 2015. The in-transit reconciliation should be achieved by assuming the transaction had been recorded in the books of sol before the year end at 30 June 2015. Pol had a trade receivable balance of $2.4 million from Sol which differed to the equivalent balance in Sols Books due to the sale made on 28 June 2015.

(v) At 30 June 2015, the fair values of the financial asset equity of Pol and Sol were $13.2 and $7.9 million respectively.

(vi) Pols policy is to value the non-controlling interest at a fair value at the date of acquisition. For this purpose, Sols share price at that date is representative of the fair value of the shares held by the non-controlling interest.

Required

Prepare the consolidated Statement of financial position as at 30 June 2015.