Prepare the group statement of financial position as at 31 December 2021. Note: Show ALL workings.

The following are the statement of financial position for year ending 31 December 2021: Small Berhad Mini Sdn Bhd Nano Sdn Bhd (RM'000) (RM'000) (RM'000) Non-current assets 22,300 8,100 5,700 Investment in ordinary shares Mini 6,600 Nano 4,700 Current assets 5,800 4,000 2,100 Total Assets 34,700 16,800 7,800 Ordinary shares Retained earnings b/f Profit for the year Liabilities Total equities and liabilities 20,000 7,200 2,300 5,200 34,700 10,000 1,900 400 4,500 16,800 6,000 800 250 750 7,800 Additional Information: 1. Small acquired 60% of Mini's ordinary shares on 1 January 2020 when the retained earnings of Mini was RM 700,000. On 1 January 2021, Mini acquired 75% of ordinary shares in Nano. All consideration transferred have been recorded. 2. 3. On 1 January 2020, one of Mini's non-current asset was estimated to have a higher fair value of RM200,000. On 1 January 2021, Nano's plant had a fair value of RM100,000 less than the carrying value. Both assets are estimated to have a useful life of 10 years. During the year, Small sold inventory to Mini at cost plus 25% with the invoice value of RM250,000 (which has been paid in full by Mini) of which Mini sold 50% of these inventories to Nano with a profit of RM10,000 (which has not been paid by Nano) None of these inventories were sold to any third party. 4. Minil sold equipment with carrying value of RM30,000 for RM35,000 to Nano during the year. Useful life of this equipment was estimated to be 5 years. Full depreciation is charged in the year of acquisition and none in the year of disposal. 5. The group uses partial goodwill method and straight line depreciation method to prepare its accounts. Mini's goodwill was impaired by 20% as at 31 December 2021. The following are the statement of financial position for year ending 31 December 2021: Small Berhad Mini Sdn Bhd Nano Sdn Bhd (RM'000) (RM'000) (RM'000) Non-current assets 22,300 8,100 5,700 Investment in ordinary shares Mini 6,600 Nano 4,700 Current assets 5,800 4,000 2,100 Total Assets 34,700 16,800 7,800 Ordinary shares Retained earnings b/f Profit for the year Liabilities Total equities and liabilities 20,000 7,200 2,300 5,200 34,700 10,000 1,900 400 4,500 16,800 6,000 800 250 750 7,800 Additional Information: 1. Small acquired 60% of Mini's ordinary shares on 1 January 2020 when the retained earnings of Mini was RM 700,000. On 1 January 2021, Mini acquired 75% of ordinary shares in Nano. All consideration transferred have been recorded. 2. 3. On 1 January 2020, one of Mini's non-current asset was estimated to have a higher fair value of RM200,000. On 1 January 2021, Nano's plant had a fair value of RM100,000 less than the carrying value. Both assets are estimated to have a useful life of 10 years. During the year, Small sold inventory to Mini at cost plus 25% with the invoice value of RM250,000 (which has been paid in full by Mini) of which Mini sold 50% of these inventories to Nano with a profit of RM10,000 (which has not been paid by Nano) None of these inventories were sold to any third party. 4. Minil sold equipment with carrying value of RM30,000 for RM35,000 to Nano during the year. Useful life of this equipment was estimated to be 5 years. Full depreciation is charged in the year of acquisition and none in the year of disposal. 5. The group uses partial goodwill method and straight line depreciation method to prepare its accounts. Mini's goodwill was impaired by 20% as at 31 December 2021