QUESTION $3$

$[$Marks: $20]$

Hever has held shares in two companies. Spiro and Aldridge, for a number of years. As at $31$

December $2022$ they have the following statements of financial position:

You ascertain the following additional information:

$($a$)$ The 'investments' in the statement of financial position comprise solely Hever's investment

in Spiro $($Tk$.128,000)$ and in Aldridge $($Tk$.90,000).$

$($b$)$ The $48,000$ shares in Spiro were acquired when Spiro's retained earnings balance stood

at Th$.20,000$

The $15,000$ shares in Aldridge were acquired when that company had a retained earmings

balance of Tk$.150,000.$

When Hever acquired its shares in Spiro the fair value of Spiro's net assets equaled their

book values with the following exceptions:

Property, plant and equipment

Inventories

Depreciation arising on the fair value adjustment to non$-$current assets since this

date is Tk$.5,000.$

$($c$)$ During the year, Hever sold inventories to Spiro for Tk$.16,000.$ Which originaty cost Hever

Th$.10,000.$ Three$-$quarters of these irventories have subsequenty been sold by Spira.

$($d$)$ No impairment losses on goodwill had been necessany by $31$ Decerrber $2022.$

Required:

Produce the consolidated statement of finanesal position tor the Hever grevp