Parentis, a public listed company, acquired 600 million equity shares in Offspring on April 1, 2021. The purchase consideration was made up of: (a) A share exchange of one share in Parentis for two shares in Offspring. (b) The issue of TZS 100 10% loan note for every 500 shares acquired; and (c) A deferred cash payment of TZS 0.11 per share acquired payable on April 1, 2022. Parentis has only recorded the issue of the loan notes. The value of each Parentis share at the date of acquisition was TZS 0.75 and Parentis has a cost of capital of 10% per annum. The statements of financial position of the two companies at March 31, 2022 are shown below:

	Parentis		Offspring
	TZS million	TZS million	TZS million	TZS million
ASSETS
Property,plant and equipment (note (i))		640		340
Investments		120		nil
Intellectual property (note (ii))		nil		30
		760		370
Current assets
Inventory(note (iii))	76		22
Trade receivables (note(iii))	84		44

Bank	nil	160	4	70
TOTAL ASSETS		920		440
EQUITY AND LIABILITIES
Equity shares of 25 centseach		300		200
Retainedearnings 1 April2021	210		120
Retained earnings year ended 31 March 2022	90	300	20	140
		600		340
Non-current liabilities
10% loan notes		120		20
Current liabilities
Trade payables (note(iii))	130		57
Current tax payable	45		23
Overdraft	25	200	nil	80
TOTAL EQUITY AND LIABILITIES		920		440

The followinginformation is relevant:

1. At the date of acquisition the fair values of Offsprings net assets were approximately equal to their carrying amounts with the exception of its properties. These properties had a fair value of TZS 40 million in excess of their carrying amounts which would create additional depreciation of TZS 2 million in the post-acquisition period to March 31, 2022. The fair values have not been reflected in Offsprings balance sheet.
2. The intellectual property is a system of encryption designed for internet use. Offspringhas been advisedthat government legislation (passed since acquisition) has now made this type of encryption illegal. Offspring will receive TZS 10million in compensation from the government.
3. Offspring sold Parentis goods for TZS 15 million in the post-acquisition period. TZS 5 million of these goods are included in the inventory of Parentis at March 31, 2022. The profit made by Offspring on these sales was TZS 6 million. Offsprings trade payable account (in the records of Parentis) of TZS 7 million does not agree with Parentiss trade receivable account (in the records of Offspring) due to cash in transit of TZS 4 million paid by Parentis.
4. Due to the impact of the above legislation, Parentis has concluded that the consolidated goodwill has been impaired by TZS 27 million.

Required:

Prepare the consolidated balancesheet of Parentisas at March 31, 2022.