Statements of financial position for three entities at the reporting date of 31 December 2019 are as follows:

Pepsi Sprite Tango

$000 $000 $000

Non current assets

PPE 800 700 350

Investment in Sprite 326

Investment in Tango 165

Current assets 200 100 150

Total assets 1,491 800 500

Equity

Ordinary share capital ($1) 500 200 100

Other components of equity 50 16 20

Retained earnings 341 84 180

891 300 300

Non current liabilities 400 400 125

Current liabilities 200 100 75

Total equity and liabilities 1,491 800 500

1. On 1 January 2017, Pepsi acquired 80% of Sprite when Sprite's retained earnings were $18,000 and other components of equity $7,000, paying cash consideration of $300,000. A fair value exercise of Sprite conducted by Pepsi reviewed that non depreciable land had fair vale in excess of its carrying amount of $6,000 on 1 January 2017. It is group policy to measure NCI at fair value at the date of acquisition. The fair value of the NCI holding in Sprite at acquisition was $65,000.

At the reporting date, Pepsi purchased an additional 8% of Sprite's equity shares for cash consideration of $26,000. This amount has been debited to Pepsi's investment in Sprite.

2. On 1 January 2018, Pepsi acquired 70% of Tango when Tango's retained earnings were $50,000 and other components of equity $10,000, paying cash consideration of $200,000. The fair value of the NCI holding in Tango at the date of acquisition was $50,000. On the date of acquisition of Tango, Pepsi carried out a fair value exercise and found Tango had depreciable plant with a fair value of $5000 in excess of its carrying amount.

At the reporting date, Pepsi sold 10% of the equity shares of Tango for $35,000. The cash proceeds have been credited to Pepsi's investment in Tango.

3. The following information relates to Pepsis defined benefit pension scheme:

K000m

Net pension deficit at 30 November 2016 14

Service cost for year ended 30 November 2017 10

Contributions into the scheme 8

Pension paid 6

Discount rate at 1 December 2016 10%

Remeasurement gains in year ended 30 November 2017 4

No entries have been entered in the financial statements except that the contributions into the scheme have been correctly added to the pension schemes assets.

4. Further, Pepsi sold goods to Sprite for K20000 at markup of 20%. All the goods are in inventory of Sprite at the reporting date.

5. Sprite and Tango have not issued any additional shares since being acquired by Pepsi.

Required: Prepare the consolidated statement of financial position of the Pepsi group for the year ended 31 December 2019.