On 1 July 2018, Beesd Lid, beld a number of significent, hvedens bely lestruments that do not d prere and are Overofore led at ces During the year ended 30 June 2019. Beyond Lid acquired a subsidiary congery, Harles Lad and a lecione company, Sky Lid. The drail sonrarited state of Seelal pride of Beyond Leded a nibsidiary company as at 30 June 2019 art shows below Absch Beyond Lid, Horken Led New current ALRE Sh."000 Sx,306 Property, plant and equipment 1,162,200 321.390 beestments 774.500 1.937.300 331.390 Comment acts: $73,620 192.500 Track and other receivablez 101,850 - 203.630 Cace and cash aquivalens $7.607 973.059 601.159 Total assets 7.315350 97464 Equity and Gabilities: Squity Onillmary slave canka (10) each) 600.000 200,000 Stare protive 400,000 30,000 Remained earnings 1.736.750 28540 2375220 157560 Cerrent Ne Trade un comer payabies 325,200 143,500 Encome c 3300 73.600 479.100 1724100 Total equity and m 914360 ST44) 7. 6 2 I 4. S. Addisonal infermater 1. Expoca Ltd. acquired 0% of the orary shares of Horizon Lid on 1 January 2019. The purchase cucsiderarlos was made up of cash of S650 million peid on 1 January 1019 and a further cash payment of Sa 147 million deferred und 1 Jametry 2020, No accommring entries have been made in respect of the deferred cash payment. An appropriate discount rate is 3% per annus Beyond Lad, recognises goodwill on nes controlling interest using the fair value method in. Of The fair value of the ascens, liabilities and contingent liabilis as at 1 January 2019 were equal to their chirping value with the exception of a machine which had a fair value of Sill craying Recent The mathias bad ay mainingful life on 1 ianuary 2019. The fair value of the non controlling interest in Morizon Ltd on 1 January 2019 was cared at Sa. 130 t milica In June 2019, Harizen Lad. sold gouds to Beyond Lid for S16 millios. Half of these goods were stil beld In the stock of Beyoad Ltd. on 30 June 2014. Horizon Ltd. marks up all goods by 20th On 30 June 2019, Horizon Ltd.'s and receivables will included the S.16 million due from Beyond Lud However, Beyond Lid's ade payalides only betnded Sh.11 milion in respect of this transaction as it hard made a paycent of Sh. 5 million to Mariton Ltd en 30 June 2019. On 1 July 2018, Beyond Lad acquired 30% of the ordinary shares in Sky Lad for a payment of Sh. 120.5 million which gave Sayand Lad. significant icflacace over Shy Led. At that datz, a property owned by Say Land a fair value of Sh 50 milion in exces of its carrying amount. This property Sed a remaining useful Wife of 20 years on 1 July 2012 b the year ended 30 June 2019, Herizon Lad made a prolit of Sh.id.3 million out of which it paid a dividend of Sh20 million on 30 April 2019. Beyead Led debited the dividend received to cash and credited it to Investments Requireds Consolidated pratensent of financial position as ar 30 June 2019. (10 marks) (Total: 10 marks)