Statements of financial position as at 31 December 2017 Robin PIC Sparrow Ltd '000 Finch Ltd '000 '000 18.000 1,500 4,500 24,750 2,250 Non-current assets Investments Inventory Cash Inter-company receivable from Sparrow Ltd Inter-company receivable from Finch Ltd Total assets 4,500 2,025 2,250 225 6,100 150 75 37,825 24,525 3,975 Share capital Retained earnings Trade payables Inter-company payable to Robin Plc 10% bonds 3,000 14,510 9,065 6,000 9,675 3,825 750 1,875 1,275 150 75 11,250 37,825 4,875 24,525 3,975 Robin Plc acquired 80% of Sparrow Ltd on 1 January 2003 for 9,000,000 when the share capital and reserves of Sparrow Ltd were 6,750,000. At the date of acquisition, the fair value of Sparrow Ltd's non-current assets was 19,250,000. Sparrow Ltd has not accounted for this revaluation. No changes to share capital and non-current assets have taken place since acquisition. Robin Plc acquired 40% of Finch Ltd on 1 January 2005 for 4,500,000 when the share capital and reserves of Finch Ltd were 1,200,000. Goodwill for all acquisitions is capitalised. Impairment of 50% is to be recognised against the goodwill of Sparrow Ltd in 2017 and impairment of 10% is to be recognised against the goodwill of Finch Ltd in 2017. Robin Plc charges Sparrow Ltd a management fee of 500,000 and Finch Ltd a management fee of 100,000. None of the companies has accounted for this management fee and the management fee remains unpaid at the end of 2017. In 2017 Robin plc sells inventory which cost 375,000 to Sparrow Ltd for 750,000. 30% of the inventory remains with Sparrow Ltd at the end of 2017. In 2017, Finch Ltd sells inventory which cost 500,000 to Robin plc for 625,000. 50% of the inventory remains with Finch Ltd at the end of 2017. Required Prepare the consolidated statement of financial position as at 31 December 2017 for Robin Plc