Problem 1 - you can make calculations in Excel and upload it on the last page On 1 January 20X9, JB Enterprises acquired 70 per cent of the shares of Good Company The separate condensed statements of financial position of JB Enterprises and of Good Company immediately after the acquisition appeared as shown below: (all amounts in ) JB Good Company 2.600.000 Assets Property, plant and equipment (net) Investment in Good Company Inventories Cash 18.750.000 3.600.000 1.000.000 13.550.000 740.000 560.000 Trade and other receivables 4.400.000 660.000 41.300.000 4.560.000 Equity and Liabilities Share capital Reserves Profit for the year 20X4 Provisions 10.000.000 16.200.000 1.600.000 100.000 2.000.000 1.600.000 240.000 250.000 Current liabilities 13.400.000 470.000 41.300.000 4.560.000 Additional information (at acquisition date): A. The fair value of Good Company's production equipment (with a remaining useful life of 3 years) implies a surplus value of 120,000 over its carrying amount. B. Good Company owns a trademark which is not recognized in its financial statements, the estimated fair value of the trademark amounts to 650,000. C. The fair value of Good Company's inventories is estimated at 960,000. D. Good Company underestimated its product warranty provision by 50,000; this should be accounted for as a fair value adjustment at acquisition date. Required: Prepare the consolidated statement of financial position of the JB Group as at 1 January 20X9