Question $3(37$ marks$)$

The following represent the abridged statements of D Ltd and its subsidiary, E Ltd$,$ at $31$ December $20\mathrm{.}9$:

STATEMENTS OF FINANCIAL POSITION AS AT $31$ DECEMBER $20\mathrm{.}9$

$\backslash$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: R$77000),,],[$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 $20\mathrm{.}9$

$\backslash$table$[[,$D Ltd$,$E Ltd$],[,$R$,$R$],[$Profit before tax,$20000,30000],[$Income tax expense,$6000,(9000)$