Statements of Financial Position as at$31$ December $2023$

$\backslash$table$[[,$ Handle $(\text{'}000),$ Spoon $(\text{'}000),$ Axe $(\text{'}000)],[$Investments$],[$Subsidiary$,3500],[$Associate $,3200],[$Land$,14500,5600,2200],[$ Property & equipment, $12520,4770,3560],[$Intangible assets, $-,120,-],[$Current assets:$],[$Inventory$,5660,3340,1890],[$Trade receivables,$5980,3116,2110],[$Current account, $300,-,-,[$Bank$,4830,2270,1300],[$Total assets, $50490,19216,11060],[$Ordinary shares,$32830,12000,6900],[5\%$ Preference shares,$2000,1000,1000],[$Revaluation reserve, $1760,500,-],[$Retained earnings, $5880,1370,1260],[$Long term loan, $-,1,000,-],[8\%$ Debentures, $-,300,-],[$Trade payables, $6120,2510,1500],[$ Current account, $-,250,-],[$Tax payables, $1900,286,400],[$Total equity & liability,$50490,19216,11060]]$

Statements of Profit & Loss as at $31$ December $2023$

$\backslash$table$[[,$ Handle $(\text{'}000),$ Spoon $(\text{'}000),$Axe $(\text{'}000)],[$Sales$,25300,12900,6600],[-)$Cost of sales, $(13800),(8440),(4130)],[$Gross profit, $11500,4460,2470],[-)$ administration expense,$(4590),(2830),(1310)],[-)$ other expenses, $(1860),(920),(200)],[+)$ gain from sale of PPE, $200,-,-],[$profit before tax, $5250,710,960),[-)$ tax, $(1800),(200),(260)],[$profit after tax, $3450,510,700],[$RE b$/$f$,2430,860,560],[$dividends declared in december $2023],[$ordinary shares, $780,100,-],[$preference shares, $100,30,50]]$

Additional information:

$1.$ Handle Bhd acquired $80\%$ of ordinary shares issued by Spoon Sd Bhd on $1$ January $2023$ with the following consideration transferred:$-$ Cash payment RM $3\mathrm{.}5$ million

$-$ Ordinary shares $2$ million units

$-$ Debenture with principal amount of RM$1\mathrm{.}6$ million, annual interest $10\%.$ Debenture will mature on $1$ January $2024.$

Only the cash payment has been recorded.$$

On the date of acquisition, ordinary shares of Handle and Spoon had fair value of RM$3\mathrm{.}80/$share and RM$1\mathrm{.}90/$share respectively.

$2.$ Revaluation reserve balance for Spoon on acquisition date was recorded as RM$500,000.$ However, plant belonging to Spoon has a higher fair value of RM$300,000$ with an estimated useful life of $10$ years on acquisition date. Property belonging to Spoon has a higher fair value of RM$400,000$ on $31$ December $2023.$ These fair value increases have yet to be recorded. There had been no new shares issued by Spoon Sdn Bhd since acquisition date.

$3.$ During the year $2023,$ Handle sold a machine with carrying value of RM$250,000$ for RM$350,000$ to Spoon with an estimated useful life of $5$ years. Full depreciation is adjusted in the year of acquisition and none in the year of disposal.

$4.$ Spoon sold inventory to Handle at cost plus $25\%$ with invoice price of RM$800,000.10\%$ of Handle's closing inventory is related to this transaction.

$5.$ On $1$ January $2023,$ Handle acquired $20\%$ of Axe with consideration transferred of RM$3\mathrm{.}2$million.

$6.$ During the year, Axe sold inventories to Handle at cost plus $50\%.$ Invoice value is RM$450,000.60\%$ of these inventories are unsold.

$7.$ Debenture interest for the year have not been accrued.

$8.$ Current account diff is due to cash in transit.

$9.$ Partial goodwill impairment for Spoon was $20\%$ for year $2023$ and none for previous year.

$10.$ Dividends declared in December $2023$ have yet to be recorded.$$

Required:

Prepare the following financial statements for Kerem's group for year ended $2023$:

a$.$ Group statement of financial position

b$.$ Group statement of profit & loss

c$.$ Extract of Group statement of changes in equity$$

Show ALL relevant workings.