SECTION A Question 1 The Statements of Financial Position of Tam Ltd and its investee companies, Geo Ltd and Luka Ltd, at 31 December 2018 are shown below: Tam Geo Luka Ltd Ltd Ltd Property, Plant and Equipment 000 000 000 Freehold Property 1,950 1,250 500 Plant and Machinery 795 375 285 Investments 1,500 4,245 1,625 785 Current assets Inventory 575 300 265 Trade and Other Receivables 330 275 370 Amounts receivable from Tam 15 Ltd Cash and Cash Equivalents 50 120 20 955 710 655 Total Assets 5,200 2,335 1,440 Equity Share Capital (1 ordinary 2,000 1,000 750 shares) Retained Earnings 1,460 885 390 Total Equity 3,460 1,885 1,140 Current Liabilities Bank Overdraft 560 Trade and Other Payables 470 300 270 Amounts payable to Geo Ltd 10 - Proposed Dividends 200 50 30 1,240 350 300 Non-Current Liabilities 12% Debentures 500 100 Total Liabilities 1,740 450 300 Total Equity and Liabilities 5,200 2,335 1,440