Question
Royal Dutch Shell plc Balance Sheet as at 31 December 2037 Non-current assets Investment in subsidiary: - 680,000 shares bought 1.1.2037 1,020,000 Other
Royal Dutch Shell plc Balance Sheet as at 31 December 2037
€ | € | |
Non-current assets | ||
Investment in subsidiary: | ||
- 680,000 shares bought 1.1.2037 | 1,020,000 | |
Other non-current assets | 1,700,000 | |
Current assets | 325,000 | 3,045,000 |
Share capital | 1,700,000 | |
Retained profits | ||
As at 1.1.2037 | 335,000 | |
Add Profit for year to 31.12.2037 | 345,000 | 680,000 |
Suspense | 665,000 | |
Total | 3,045,000 |
BG Group Balance Sheet as at 31 December 2037
€ | € | |
Non-current assets | 690,000 | |
Current assets | 660,000 | |
Share capital | 340,000 | |
Retained profits | ||
As at 1.1.2037 | 320,000 | |
Add Profit for year to 31.12.2037 | 315,000 | 635,000 |
Total | 1,535,000 |
Required:
- Create the consolidated balance sheet as at 31 December 2037.
- Resolve any issues in the suspense account.
- Ensure proper adjustments for inter-company transactions.
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