Lion Ltd is an international company resident in Singapore. It acquired the issued shares of an Australian company, Koala Ltd, on 1 July 2021 for A$700,000.

All transactions occurred evenly throughout the 2021-22 year. At 30 June 2022, the following information was available about the two companies.

	Lion Ltd		Koala Ltd
	S$		A$
	Dr	Cr	Dr	Cr
Share capital		560,000		350,000
Retained earnings as at 1/7/21		330,000		170,000
Provisions		45,000		30,000
Payables		14,000		40,000
Sales		620,000		310,000
Dividend revenue		6,400		0
Accumulated deprecation plant		210,000		160,000
Cash	92,100		30,000
Accounts receivable	145,300		115,000
Inventories	110,000		80,000
Shares in Koala Ltd	336,000		0
Buildings (net)	84,000		220,000
Plant	420,000		400,000
Cost of sales	390,000		120,000
Deprecation - plant	85,000		40,000
Tax expense	23,000		15,000
Other expense	50,000		10,000
Dividend paid	20,000		10,000
Dividend declared	30,000		20,000
	1,785,000	1,785,000	1,060,000	1,060,000

Additional information:

(1) Sales, purchases and other expenses were incurred evenly throughout the period ended 30 June 2022. The dividend paid by Koala Ltd was received by Lion Ltd on 1 January 2022, while the dividend declared by Koala Ltd was announced on 30 June 2022.

(2) Koala Ltd acquired A$100,000 additional new plant on 1 January 2022. Of the depreciation charged in the period ended 30 June 2022, A$8,000 related to the new plant.

(3) The rates of exchange between the Australian dollar and the Singapore dollar were (expressed as A$1 = S$):

1 July 2021	0.60
1 December 2021	0.64
1 January 2022	0.68
30 June 2022	0.70
Average for the 2021-22 period	0.65

(4) The functional currency of Koala Ltd is the Australian dollar.

Required

Prepare the financial statements of Koala Ltd in Singapore dollars at 30 June 2022.