PZ Plc acquired 75% of ordinary shares and 25% of Irredeemable preference shares of KY Limited on 1 January 20X6. On the date of acquisition, the Reserves of KY Limited were K25.2 million. The Balance Sheets of both entities as at 31 December 20X8 were as follows: PZ Plc KY Ltd K'000 K'000 K'000 K'000 Non current assets Property, plant and equipment 127,350 66,660 Investment in KY Ltd 55,500 182,850 66,660 Current assets Inventories 29,550 Trade account receivables 34,260 19,770 11,490 Bank 1,470 Total assets 65,280 248,130 31,260 97,920 PZ Plc KY Ltd K'000 K'000 K'000 K'000 Ordinary share capital of Kl each Reserves Irredeemable Preference share Capital of K1 each Non current liabilities 15% loan notes Current liabilities 30,000 15,000 157,920 45,840 187,920 6,000 66,840 36,000 12,000 Trade payables 16,800 11,430 Income tax 7,410 7,650 Total equity and liabilities 60.210 248,130 31,080 97,920 Pg. 2 Additional information: 1. Included in the property, Plant and equipment is the value of land at cost of K15 million. Its fair value at the date of acquisition was K21 million and by the Balance Sheet date it had risen to K25.5 million. 2. Also at the date that KY Limited was acquired, its property, plant and equipment included plant that had a fair value of K12 million in excess of its carrying value. This plant had a remaining useful life of 5 years. 3. During the year KY Limited sold goods to PZ Plc for K5.4 million. KY Ltd sells goods at 20% mark up. Goods with a selling price of K1.35 million were included in PZ Plc's inventory at 31 December 20X8. 4. Intra group balances between the two firms amounted to K720,000 on 31 December 20X8. Required: The PZ Plc group of entities Consolidated Balance Sheet as at 31 December 20X8