SECTION A Question 1 The Statements of Financial Position of Jay plc and its investee companies, Kunal Ltd, Vivek Ltd and Aarti Ltd, at 31 December 2020 are shown below: Jay Kunal Vivek Aarti plc Ltd Ltd Ltd Property, Plant and Equipment 000 000 000 000 Freehold Property 1,950 2,500 1,000 500 Plant and Machinery 695 750 250 285 Investments 2,900 2,560 5,545 5,810 1,250 785 Current assets Inventory 525 600 480 265 Trade and Other Receivables 330 350 110 370 Amounts receivable from Jay 15 pic Cash and Cash Equivalents 50 255 100 20 905 1,220 690 655 Total Assets 6,450 7,030 1,940 1,440 Equity Share Capital (1 ordinary 2,000 2,000 1,000 750 shares) Retained Earnings 2,710 3,770 600 Total Equity 4,710 5,770 1,600 Current Liabilities Bank Overdraft 560 Trade and Other Payables 470 960 140 Amounts payable to Kunal 10 - Ltd Proposed Dividends 200 100 40 1,240 1060 180 Non-Current Liabilities. 12% Debentures 500 200 160. Total Liabilities 1,740 1,260 340 Total Equity and Liabilities 6,450 7,030 1,940 Page 2 of 7 Version 1