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Question 3 ( 3 7 marks ) The following represent the abridged statements of D Ltd and its subsidiary, E Ltd , at 3 1

Question 3(37 marks)
The following represent the abridged statements of D Ltd and its subsidiary, E Ltd, at 31 December 20.9:
STATEMENTS OF FINANCIAL POSITION AS AT 31 DECEMBER 20.9
\table[[,D Ltd,E Ltd],[,R,R],[ASSETS,,],[Property, plant and equipment,180000,150000],[Investment in E Ltd,,],[-70000 ordinary shares at fair value,77000,-],[(cost price: R77000),,],[Current assets,20000,32000],[,,182000],[EQUITY AND LIABILITIES,200000,100000],[Share capital - ordinary shares,,],[(200000/100000 shares),29000,37000],[Retained earnings,48000,45000],[Current liabilities,277000,182000],[,,]]
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 20.9
\table[[,D Ltd,E Ltd],[,R,R],[Profit before tax,20000,30000],[Income tax expense,6000,(9000)
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