Q UESTION The summarised statements of financial position of WIN Bhd, BIG Bhd and SMALL Bhd as at 31 2. Inter-company sale of goods - During the year, BIG Bhd sold goods to WIN Bhd at a profit of RM6,00o. By the year end, 2/3 of these goods had been sold by WIN Bhd to third parties. At 30 December 2013 , WIN Bhd remitted RM8,ooo cash for the final settlement of the amount owing to BIG Bhd but was not received by BIG Bhd until early January 2014. - During the post-acquisition period, SMALL Bhd sold goods on credit to WIN Bhd at an invoiced price of RM12,000. SMALL Bhd made a profit of 20% on invoice price. By the year end, 40% of these goods had been sold by WIN Bhd to third parties. WIN Bhd still owed SMALL Bhd RM3,000 for the goods sold. 3. Inter-company disposal of assets - On 1 January 2012, WIN Bhd sold an equipment to BIG Bhd at a profit of RM30,000. The remaining useful life of the equipment was 5 years. - On 1 September 2013, BIG Bhd sold to SMALL Bhd a plant of carrying value RM20,000 for RM30,000. The remaining life of this plant was 5 years. 4. Inter-company debenture interest - The directors of Win Bhd and Big Bhd have not provided for the debenture interest for the year ended 31 December 2013. 5. Inter-company dividends - All the subsidiarles have recorded the final ordinary dividend and the investors have recorded their share in the dividend from their investees. 6. Bonus issues - Before the year end 31 December 2013, Win declared a bonus issue amounted to RM M500,000 out of its retained profit. This transaction has not been recorded yet. - Before the year end 31 December 2013 , Big Bhd declared a bonus issue of 1 ordinary share for every 20 shares held out of its pre-acquisition retained profit. This transaction has not been recorded yet. 7. Other issues - RM100,000 of the long term loan of SMALL Bhd was a loan obtained from WIN Bhd. WIN Bhd had included this amount as part of its bills receivables. - Bills payable of Small Bhd were in favour of Big Bhd. However, Big Bhd had discounted 50% of the bills. - On 11 December 2013 , the land of BIG BHD was revalued at a surplus of RM50,000 and this transaction has not been recorded. 8. Group's accounting policy - depreciate all assets using straight line method on yearly basis. - measure the non-controlling interest at its proportionate share of the fair value of the identifiable nets assets of the subsidiary on the acquisition date. - Assume all profits accrue evenly throughout the year. Required: Prepare a Consolidated Statement of Financial Position for WIN Bhd Group as at 31 December 2013. Q UESTION The summarised statements of financial position of WIN Bhd, BIG Bhd and SMALL Bhd as at 31 2. Inter-company sale of goods - During the year, BIG Bhd sold goods to WIN Bhd at a profit of RM6,00o. By the year end, 2/3 of these goods had been sold by WIN Bhd to third parties. At 30 December 2013 , WIN Bhd remitted RM8,ooo cash for the final settlement of the amount owing to BIG Bhd but was not received by BIG Bhd until early January 2014. - During the post-acquisition period, SMALL Bhd sold goods on credit to WIN Bhd at an invoiced price of RM12,000. SMALL Bhd made a profit of 20% on invoice price. By the year end, 40% of these goods had been sold by WIN Bhd to third parties. WIN Bhd still owed SMALL Bhd RM3,000 for the goods sold. 3. Inter-company disposal of assets - On 1 January 2012, WIN Bhd sold an equipment to BIG Bhd at a profit of RM30,000. The remaining useful life of the equipment was 5 years. - On 1 September 2013, BIG Bhd sold to SMALL Bhd a plant of carrying value RM20,000 for RM30,000. The remaining life of this plant was 5 years. 4. Inter-company debenture interest - The directors of Win Bhd and Big Bhd have not provided for the debenture interest for the year ended 31 December 2013. 5. Inter-company dividends - All the subsidiarles have recorded the final ordinary dividend and the investors have recorded their share in the dividend from their investees. 6. Bonus issues - Before the year end 31 December 2013, Win declared a bonus issue amounted to RM M500,000 out of its retained profit. This transaction has not been recorded yet. - Before the year end 31 December 2013 , Big Bhd declared a bonus issue of 1 ordinary share for every 20 shares held out of its pre-acquisition retained profit. This transaction has not been recorded yet. 7. Other issues - RM100,000 of the long term loan of SMALL Bhd was a loan obtained from WIN Bhd. WIN Bhd had included this amount as part of its bills receivables. - Bills payable of Small Bhd were in favour of Big Bhd. However, Big Bhd had discounted 50% of the bills. - On 11 December 2013 , the land of BIG BHD was revalued at a surplus of RM50,000 and this transaction has not been recorded. 8. Group's accounting policy - depreciate all assets using straight line method on yearly basis. - measure the non-controlling interest at its proportionate share of the fair value of the identifiable nets assets of the subsidiary on the acquisition date. - Assume all profits accrue evenly throughout the year. Required: Prepare a Consolidated Statement of Financial Position for WIN Bhd Group as at 31 December 2013