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Pls ASAP Additional Information: 1. On 31 December 2017,Mali Ltd held stock bought from Fanaka Ltd,for 120 Million and on which Fanaka Ltd had made

Pls ASAP

Additional Information: 1. On 31 December 2017,Mali Ltd held stock bought from Fanaka Ltd,for 120 Million and on which Fanaka Ltd had made a profit of 331 /3% on cost. 2. In the year ended 31 December 2018, Fanaka Ltd made sales of Sh.400 million to Mali Ltd at a profit of 20% on selling price. One quarter of the goods purchased by Mali Ltd from Fanaka Ltd in the year remained unsold as at 31 December 2018. 3. All the three companies paid the interim dividend on 15 June 2018. No company has accrued its share of proposed dividend from either its subsidiary or associate company. 4. The inter-company outstanding balances as a result of trading were as follows: - Due from Fanaka Ltd to Mali Ltd Sh.45 million. - Due from Mali Ltd to Kwetu Ltd Sh.20 million. 5. Any goodwill on acquisition of the subsidiary or associate is considered impaired by 20%. 6. Fair value of tangible assets were not materially different from their book values on the date Fanaka Ltd acquired its control in Mali Ltd and on the date Mali Ltd acquired its holding in Kwetu Ltd. Required: a)Consolidated income statement for the year ended 31 December 2018. b)Consolidated statement of changes in equity. c)Consolidated statement of financial position as at 31 December 2018.

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Fanaka Ltd. acquired 90% of the ordinary shares of Sh. 10 par value in Mali Ltd. on 1 January 2015 when Mali ltd had revenue reserves of Sh.1, 500 million. Mali Ltd. acquired 160 million ordinary shares of Sh. 10 par value in Kwetu Ltd. on 1 January 2016 when Kwetu Ltd. had revenue reserves of Sh. 500 million. The financial Statements of the three companies for the year ended 31 December 2018 are provided below. Inceme statement Statements of fin 'al position as at December 2018 Fanaka L.td Mali Ltd Kwetu Ltd Sh'"million"t Sh"tmillien" Sh"millien'" Non-current assets: Property,plant and eqk. .nent Goodwill Investment in - Mali Lid -Kwetu L.td Current assets Equity and liabilities: Ordinary share capital Share premium Revenue reserves Non-Current Liabilities: BankLoan Current liabilities Fanaka Ltd. acquired 90% of the ordinary shares of Sh. 10 par value in Mali Ltd. on 1 January 2015 when Mali ltd had revenue reserves of Sh.1, 500 million. Mali Ltd. acquired 160 million ordinary shares of Sh. 10 par value in Kwetu Ltd. on 1 January 2016 when Kwetu Ltd. had revenue reserves of Sh. 500 million. The financial Statements of the three companies for the year ended 31 December 2018 are provided below. Inceme statement Statements of fin 'al position as at December 2018 Fanaka L.td Mali Ltd Kwetu Ltd Sh'"million"t Sh"tmillien" Sh"millien'" Non-current assets: Property,plant and eqk. .nent Goodwill Investment in - Mali Lid -Kwetu L.td Current assets Equity and liabilities: Ordinary share capital Share premium Revenue reserves Non-Current Liabilities: BankLoan Current liabilities

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