On 1 July 2020, Australian Ltd, an Australian company, acquired shares in Singapore Ltd, a company based in Singapore. At this date, the equity of Singapore Ltd was as follows.

Net Assets	S$
Share Capital	480,000
General Reserve	70,000
Retained earnings	102,000

The trial balance prepared by the Singapore Ltd at 30 June 2021 contained the following information:

	DR (S $)	CR (S $)
Sales		700,000
Cost of Sales	326,000
Depreciation	189,000
Administration expenses	87,500
Operating expenses	114,000
Dividend revenue		39,000
Account payable		109,000
Plant at cost	580,000
Land at cost	364,000
Account receivable	134,000
Inventory	98,000
Cash and cash equivalent	103,000
Patents and trademarks	205,000
Less Accmulated Depreciation (Plant)		237,000
Provisions		167,500
Loan payable		296,000
Share capital		480,000
Retained earnings (o)		102,000
General reserve		70,000
	2,200,500	2,200,500

Additional information

(a) All sales and expenses were acquired evenly throughout the period

(b) The dividend paid by Singapore Ltd (S$39,000) was paid on 30 June 2021.

(c) Some relevant exchange rates are as follows.

		A$
1 July 2020	S $1 =	$ 0.80
Average for 2020-21		$ 0.82
30 June 2021		$ 0.85

Required

Translate the financial statements of Singpore Ltd as at 30 June 2021 into the presentation currency of Australian dollars, assuming that the functional currency is the Singapore dollar.