2. Johnny plc acquired 70% of the common shares of Julia plc on 1/1/20X0 and gained control. At that date the statements of financial position of the two companies were as follows:

	Johnny plc ($000)	Julia plc ($000)
Asset
Non-current assets
Property, plant and equipment	240	120
Investment in Ball	160
Current assets	90	90
Total assets	490	210
Equity and Liability
Capital and reserves
Share capital	250	100
Share premium		40
Retained earnings	120	10
Current liabilities	120	60
Total equity and liabilities	490	210

Fair value of the property, plant and equipment in Julia at 1/1/20X0 was 150,000. The fair value of the non-controlling interest in Julia at 1/1/20X0 was 55,000. The fair value method should be used to measure the non-controlling interest.

Required:

Prepare a consolidated statement of financial position for Johnny group as at 1 January 20X0.