On October 1, 2021 Patitu Ltd acquired the following non-current investments: 3,000,000 equity shares in Sanawari Ltd by an exchange of one share in Patitu Ltd for every two shares in Sanawari Ltd plus TZS 1/= per acquired Sanawari Ltd share in cash. The market price of each Patitu Ltd share at the date of acquisition was TZS 6/=. 30% of the equity shares of Kijenge Ltd at a cost of TZS 750 per share in cash. Only the cash consideration of the above investments has been recorded by Patitu Ltd

The summarised draft statement of financial position of the three companies at September 30, 2022 are: Patitu Ltd TZS000 Sanawari Ltd TZS000 Kijenge Ltd TZS000 Assets Non-current assets Property, plant and equipment 18,400 10,400 18,000 Investments in Sanawari Ltd and Kijenge Ltd 12,000 0 0 Available-for-sale investments 6,500 0 0 Total Non-current assets 36,900 10,400 18,000 Current assets Inventory 6,900 6,200 3,600 Trade receivables 3,200 1,500 2,400 Total Current assets 10,100 7,700 6,000 Total assets 47,000 18,100 24,000 Equity and liabilities Equity shares of TZS 1/= each 10,000 4,000 4,000 Retained earnings : at September 30, 2021 : for year ended Sep 30, 2022 16,000 8,000 6,500 2,400 11,000 5,000 Total Equity 34,000 12,900 20,000 Non-current liabilities 7% Loan notes 5,000 1,000 1,000 Current liabilities 8,000 4,200 3,000 Total liabilities 13,000 5,200 4,000 Total equity and liabilities 47,000 18,100 24,000 The following information is relevant: (i) At the date of acquisition the fair values of Sanawari Ltds assets were equal to their carrying amounts with the exception of Sanawari Ltds land which had a fair value of TZS 500,000/= below its carrying amount; it was written down by this amount shortly after acquisition and has not changed in value since then. (ii) On October 1, 2021, Patitu Ltd sold an item of plant to Sanawari Ltd at its agreed fair value of TZS 2,500,000/=. Its carrying amount prior to the sale was TZS 2,000,000/=. The estimated remaining life of the plant at the date of sale was five years (straight-line depreciation). (iii) During the year ended September 30, 2022 Sanawari Ltd sold goods to Patitu Ltd for TZS 2,700,000/=. Sanawari Ltd had marked up these goods by 50% oncost. Patitu Ltd had a third of the goods still in its inventory at September 30, 2022. There were no intra-group payables/receivables at September 30, 2022. (iv) Impairment tests on September 30, 2022 concluded that the value of the investment in Kijenge Ltd was not impaired, but consolidated goodwill was impaired by TZS 900,000/=. (v) The available-for-sale investments are included in Patitu Ltds statement of financial position (above) at their fair value on October 1, 2021, but they have a fair value of TZS 9,000,000/= at September 30, 2022. (vi) No dividends were paid during the year by any of the companies. Required: (a) Prepare the consolidated statement of financial position for Patitu Ltd as at September 30, 2022.