On 1 January 2020, Darren Co acquired 75% of Letare Co's equity shares by means of a share exchange of two shares in Darren Co for every three Letare Co shares acquired. On that date, further consideration was also issued to the shareholders of Letare Co in the form of a sh.100 8% loan note for every 100 shares acquired in Letare Co. None of the purchase consideration, nor the outstanding interest on the loan notes at 31 March 2020, has yet been recorded by Darren Co. At the date of acquisition, the share price of Darren Co and Letare Co is sh.3-20 and sh.1-80 respectively. The summarised statements of financial position of the two companies as at 31 March 2020 are: Darren Co Letare Co sh. '000 sh. '000 Assets Non-current assets Property, plant and equipment (note (i)) 75,200 31,500 Investment in Amery Co at 1 April 2019 (note (iv)) 4,500 79.700 31,500 Current assets Inventory (note (iii)) 19,400 18,800 Trade receivables (note (iii)) 14,700 12.500 Bank 1.200 600 35.300 31,900 Total assets 115.000 63.400 Equity and liabilities Equity Equity shares of sh.1 each 50,000 20,000 Retained earnings - at 1 April 2019 20,000 19,000 - for year ended 31 March 2020 16,000 8,000 86,000 47,000 Non-current liabilities 8% loan notes 5.000 Current habilities (note (ili)) 24.000 16.400 19.000 16.400Total equity and liabilities 115,000 63,400 The following information is relevant: At the date of acquisition, the fair values of Letare Co's assets were equal to their carrying amounts However, Letare Co operates a mine which requires to be decommissioned in five years' time. No provision has been made for these decommissioning costs by Letare Co. The present value (discounted at 8%%) of the decommissioning is estimated at sh.4m and will be paid five years from the date of acquisition (the end of the mine's life) 1) Darren Co's policy is to value the non-controlling interest at fair value at the date of acquisition. Letare Co's share price at that date can be deemed to be representative of the fair value of the shares held by the non-controlling interest. 11) The inventory of Letare Co includes goods bought from Darren Co for sh. 2: Im. Darren Co applies a consistent mark-up on cost of 40% when arriving at its selling price On 28 March 2020, Darren Co dispatched goods to Letare Co with a selling price of sh. 700,000. These were not received by Letare Co until after the year end and so have not been included in the above inventory at 31 March 2020 At 31 March 2020, Darren Co's records showed a receivable due from Letare Co of sh.Im, this differed to the equivalent payable in Letare Co's records due to the good Tran The intra-group reco theation should be achieved by assuming that Letare Co had received the goods in zaneit before the year en 1 ) The investment in Amery Co nta 808. of ite voting share capital and Darren Co uses equity bunting to account For ery Cole profit for the year ended 51 March 2020 was hem and Amery Co paid total divi ar ended 31 March 2020 of sh.2m. Darren Ce orded its share of the ry Co in investment income (and cash) profits There were no the year ended 3 1 March 2020. Required Prepare the consolidated statement of tinancial position for Darren Co as at 31 March 2020