The following are extracts from the financial statements of National Bakery and one of its wholly owned subsidiaries, HTB Bun, the shares in which were acquired on 31 October 20X2. STATEMENTS OF FINANCIAL POSITION National Bakery and Subsidiaries HTB Bun 31 31 December 31 October December 20X1 20X2 20X2 Non-current assets $'000 $'000 $'000 Property, plant & equipment 4,764 3,685 694 Goodwill 42 Investment in associates 2,195 2,175 7,001 5,860 694 Current assets Inventories 1,735 1,388 306 Receivables 2,658 2,436 185 Bank balances and cash 43 77 7 4,436 3,901 498 Equity 11,437 9,761 1,192 Share capital 4,896 4,776 400 Share premium 216 Retained earnings 2,540 2,063 644 Page 2 of 8 7,652 6,839 1,044 Non-current liabilities Loans 1348 653 Deferred tax 111 180 1,459 833 Current liabilities Payables 1,915 1,546 148 Bank overdrafts 176 343 Current tax payable 235 200 2,326 2,089 148 11,437 9,761 1,192