P Ltd owned $70\%$ of the ordinary share capital of S$1$ Ltd$.$ In turn S$1$ Ltd owns $85\%$ of the ordinary share capital of S$2$ Ltd$.$ Both investments had been acquired on December $31,2004,$ one year previous to the following balance sheet:

Balance Sheet

P Ltd S$1$ Ltd S$2$ Ltd

Non$-$Current Assets $000000000$

Investments

Shares in S$141$

Shares in S$225$

Other Non$-$Current Assets $40427$

Current Assets $19628$

$1003555$

Share Capital $401020$

Retained profits:

As at $31\mathrm{.}12\mathrm{.}200424515$

Add Profit $2005361020$

$601535$

General Reserves at $31\mathrm{.}12\mathrm{.}2004----10----$

$1003555$

Prepare consolidated balance sheet