Parent plc acquired 80% of the share capital of Controlled Ltd on 30 June 20X1. At that date, Controlled Ltd had retained earnings of £1 050 000. Controlled has not issued any additional share capital since then.

The statements of financial position of the two companies as at 30 June 20X9 were as follows:

	Parent plc	Controlled Ltd
Non-current assets	£000	£000
Investment in Controlled Ltd	6 000
Property, plant, and equipment	2 800	1 200
	8 800	1 200
Current assets
Inventory	450	300
Trade receivables	360	220
	1 010	620
Total assets	9 810	1 820
Equity
Share capital	3 000	200
Share premium	1 000	100
Retained earnings	5 000	1 370
	9 000	1 670
Current liabilities
Creditors	810	150
Total equity and liabilities	9 810	1 820

1. £1 000 000 of the goodwill on acquisition is to be written off as a result of an impairment review.
2. At 30 June 20X9, Controlled Ltd showed a balance of £50 000 due to Parent plc. This did not match Parent plc’s records, which showed a sum of £70 000 due from Controlled Ltd. An investigation revealed that Controlled Ltd had sent a cheque for £5000 just before the end of June 20X9 that was not received by Parent plc until July. Furthermore, Parent plc despatched goods valued at £15 000 to Controlled Ltd in June 2009, but they did not arrive until July 20X9.
3. The goods referred to in (ii) above had cost Parent plc £10 000.
4. Controlled Ltd held inventory at 30 June 20X9 that had cost the group £50 000 but was valued at £75 000 in Controlled Ltd’s books.

Prepare a consolidated statement of financial position for the Parent group as at 30 June 20X9.