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Question 2 The following are the summarized information of Jaya Enterprise and its subsidiary, Suria Enterprise for the year ended 31 December 2019: Statement
Question 2 The following are the summarized information of Jaya Enterprise and its subsidiary, Suria Enterprise for the year ended 31 December 2019: Statement of Financial Position as at 31 December 2019 Jaya Enterprise RM'000 Non-current assets Properties, plant & equipment Investment in subsidiary Total non-current assets Total current assets Total assets Suria Enterprise RM '000 20,900 6,200 6,000 0 26,900 6,200 18,300 4,700 45,200 10,900 Capital and reserves Share capital 15,000 2,000 Retained earnings 9,600 3,300 Total equity 24,600 5,300 Non-current liabilities 11,300 3,200 Current liabilities 9,300 2,400 Total equity & liabilities 45,200 10,900 Additional information: Jaya Enterprise acquired 90% of Suria Enterprise on 1 August 2014, when Suria Enterprise's retained earnings were RM2,100,000. The fair value of non-controlling interest at the date of acquisition was RM600,000. Required: Prepare the Consolidated Statement of Financial Position of Jaya Enterprise Group as at 31 December 2019. (Total: 30 Marks)
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