QUESTION 4 The following SFPs have been prepared at 31 December 20x7. B Non-Current Assets: PPE 87,000 20,000 Investments Shares in J 65,000 152.000 Current Assets 160,000 82,000 312,000 102,000 Equity Ordinary Share (myr 1) 55,000 15,000 Share Premium 35,000 18,000 Retained earning 75,000 25,000 165,000 58,000 Current liabilities 147.000 44,000 312.000 102,000 A acquired its 80% holding in B on 1 January 20x7, when retained earnings stood at $22,000. On this date, the fair value of the 20% non-controlling shareholding in B was $11,5oo. The A Group uses the fair value method to value the non-controlling interest. Prepare the consolidated statement of financial position of D as at 31 December 20x7