Park is a company which operates in the service sector. On 01 January 2016, Park acquired 70% of the equity shares of Scramble for $ 1,460 million. The purchase consideration compromised of the following:

Cash of $ 620 million

Through a share exchange of one share in Park for every two shares in Scramble. The market prices of Parks and Scrambles shares at 01 January 2016 were $3 per share and $2.50 respectively. Park has recorded only the cash consideration of $ 620 million. The statements of financial position of Park and Scramble are as follows at 31 December 2017:

	Park	Scramble
	$ m	$ m
Assets:
Non-current assets
Property, plant and equipment	2,680	1,240
Investment in Scramble	620	-
intangible assets	492	60
	3792	1300
Current assets
Inventory	700	400
Receivables	790	430
Cash	300	130
	1790	960
Total Assets	5582	2260
Equity and liabilities:
Share capital ($ 1 each)	1,500	800
Share premium	340	-
Retained earnings	1936	958
	3776	1758
Non-current liabilities	990	246
Current liabilities
Payables	700	240
Bank Overdraft	116	16
	816	256
Total equity and liabilities	5,582	2,260

The following information is relevant to the preparation of the group financial statements:

(i) At the date of acquisition, the share capital and retained earnings of Scramble were $ 800 million and $ 638 million respectively.

(ii) Park's policy is to value the non-controlling interest at fair value at the date of acquisition. For this purpose, the share price of Scramble should be used.

(iii) The fair values of the net assets of Scramble at the date of acquisition were equal to their carrying amounts with the exception of an item of plant which had a carrying amount of $ 20 million and a fair value of $ 35 million. This plant had a remaining life of five years (straight-line depreciation) at the date of acquisition

(iv) On 01 July 2017, Park sold goods to Scramble for $150 million on which Park made a gross profit margin of 20%. Scramble had one third of these goods still in its inventory at 31 December 2017.

(v) At the reporting date, 31 December 2017, Scramble owed Park $ 12 million.

(vi) Goodwill has been impaired by $ 80 million.

REQUIRED:

Prepare the consolidated statement of financial position for the Park Group as at 31 December 2017.