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Statements of Financial Position as of Dec . 3 1 , 2 0 1 4 Parent Subsidiary $ 0 0 0 $ 0 0 0

Statements of Financial Position as of Dec.31,2014
Parent Subsidiary
$000 $000
Non -Current Assets 6050
Investment in Subsidiary at cost 50
Current Assets 4040
15090
Ordinary Share Capital ( $1 share)10040
Retained Earnings 3010
Current Liabilities 2040
15090
Parent Company acquired all the shares in Subsidiary company for $50000 on the 31 December 2014.Prepare the Consolidated Statement of Financial Position as at Dec. 31,2014.

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