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Oscar acquired 2 5 % of Tigger on 1 January 2 0 2 0 for GHS 2 , 0 2 0 , 0 0 0

Oscar acquired 25% of Tigger on 1 January 2020 for GHS2,020,000 when Tigger's reserves were standing at GHS5,800,000. The fair value of Tigger's identifiable assets and liabilities at that date was GHS7,200,000. Both Oscar and Tigger are stock market listed entities.At 31 December 2020, the fair value of Oscar's 25% stake in Tigger was GHS2,440,000. A further 35% stake in Tigger was acquired on 30 September 2021 for GHS4,025,000(equivalent to the fair value of GHS14.375 per share acquired on that date) giving Oscar control over Tigger. The fair value of Tigger's identifiable assets and liabilities at that date was GHS9,400,000, and Tigger's reserves stood at GHS7,800,000.For consistency with the measurement of other shares, Oscar holds all investments in subsidiaries and associates at fair value through other comprehensive income in its separate financial statements as permitted by IFRS 10 Consolidated financial statements. At 31 December 2021, the fair value of Oscar's 60% holding in Tigger was GHS7,020,000(and total cumulative gains recognised in other comprehensive income in Oscar's separate financial statements amounted to GHS975,000).Summarised statements of financial position of the two companies at 31 December 2021 show:Non-current assetsProperty, plant and equipment Investment in equity instrument (Tigger)Current assetsEquityShare capital (GHS1 shares) ReservesLiabilitiesOscar TiggerGHS'000 GHS'00038,6507,6007,02045,6707,60012,7002,20058,3709,80010,20080040,7207,90050,9208,7007,4501,10058,3709,800SUMMARISED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR TO 31 DECEMBER 2021Profit before interest and taxFinance costsProfit before taxIncome tax expensePROFIT FOR THE YEAROther comprehensive income (items that will not be reclassified to profitor loss):Gain on property valuation, net of taxInvestment in equity instrument (Tigger)Other comprehensive income for the year, net of tax TOTAL COMPREHENSIVE INCOME FOR THE YEAROscar TiggerGHS'00 GHS'00001,280420(80)(20)1,200400(360)(80)84032024080555795801,635400The difference between the fair value of the identifiable assets and liabilities of Tigger and their book value relates to the value of a plot of land. The land had not been sold by 31 December 2021.Income and expenses are assumed to accrue evenly over the year. Neither company paid dividends during the year.Oscar elected to measure non-controlling interests at the date of acquisition at fair value. No impairment losses on recognized goodwill have been necessary to date.RequiredPrepare the consolidated statement of profit or loss and other comprehensive income and statement of financial position of the Oscar Group as at 31 December 2021 in the following circumstances:(a) The 25% interest in Tigger allowed Oscar significant influence over the financial and operating policy decisions of Tigger.

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