The following are statements of financial position of Boulder Bad and Stone sdo Bhd as at 31 December 20X6: Boulder Bhd Stone Sdn. Bhd (RM'000) (RM4000) Assets Intangible assets 80 Investments in Stone Sdn Bhd: 4 million units ordinary shares 1,000 300,000 units cumulative preference shares 300 150,000 units redeemable preference shares 150 Non-current assets: Land 8,000 4,000 Building 2,800 1,200 Machineries 1.800 800 Equipment 900 300 Current assets: Inventories 3,400 800 Trade receivables 3.790 760 Other receivables 230 30 Cash in bank 1,990 1,040 Total 24,360 9,010 19.250 Equities & Liabilities Ordinary shares Cumulative Preference shares 4% Redeemable preference shares 6% Revaluation reserve Retained earnings bu Profit for the year (net of dividend) Current liabilities: Trade payables Total 5,400 500 300 80 680 160 600 510 650 3,350 24,360 1.890 9,010 Additional information: 1. Boulder Berhad acquired 80% of the ordinary shares of Stone on 1 January 20X6. Consideration transferred was RM 1 million cash on the date of the acquisition, 2 million units of ordinary shares with the fair value of RM2.50 per share on acquisition date and RM200,000 debentures with interest rate of 5% per annum. Only the cash payment has been recorded as investment in ordinary shares. All consideration paid for investments in cumulative preference shares and redeemable preference shares have been paid and recorded. 2. Stone Sdn Bhd paid dividends of RM20,000 on 21 March 20X6. 3. On the acquisition date the fair value of building belonging to Stone was RM150,000 more than the carrying value. This building had an estimated useful life of 15 years on that date. One of the machine belonging to Stone was revalued to be RM60,000 lower due to technology change. The estimated useful life of this machine is 5 years. All fair value adjustments on assets have not been recorded. The group uses straight line depreciation method. 4. Intangible asset of Stone refers to a patent rights with an estimated value of RM100,000 which was capitalised on 1 January 2016. By 31 December 20X6, this asset has been amortised by RM20,000. However Boulder do not recognized this as an asset upon acquisition. 5. Stone sold inventories to Boulder at cost plus 25% with the invoice value of RM250,000 of which 50% has been sold. Both companies have recorded this sale as part of trade receivables and trade payables respectively. On 31 December 20X6, Boulder remitted a payment of RM100,000 but this payment was only received by Stone on 2 January 20x7. 6. Stone dedared half year dividends for cumulative preference shares and redeemable preference shares on 28 December 20X6. The dividends payment has not been recorded. 7. The group uses partial goodwill to prepare its accounts. Required: Prepare the consolidated statement of financial position for the group as at 31 December 20X6. Note: Show all relevant workings. The following are statements of financial position of Boulder Bad and Stone sdo Bhd as at 31 December 20X6: Boulder Bhd Stone Sdn. Bhd (RM'000) (RM4000) Assets Intangible assets 80 Investments in Stone Sdn Bhd: 4 million units ordinary shares 1,000 300,000 units cumulative preference shares 300 150,000 units redeemable preference shares 150 Non-current assets: Land 8,000 4,000 Building 2,800 1,200 Machineries 1.800 800 Equipment 900 300 Current assets: Inventories 3,400 800 Trade receivables 3.790 760 Other receivables 230 30 Cash in bank 1,990 1,040 Total 24,360 9,010 19.250 Equities & Liabilities Ordinary shares Cumulative Preference shares 4% Redeemable preference shares 6% Revaluation reserve Retained earnings bu Profit for the year (net of dividend) Current liabilities: Trade payables Total 5,400 500 300 80 680 160 600 510 650 3,350 24,360 1.890 9,010 Additional information: 1. Boulder Berhad acquired 80% of the ordinary shares of Stone on 1 January 20X6. Consideration transferred was RM 1 million cash on the date of the acquisition, 2 million units of ordinary shares with the fair value of RM2.50 per share on acquisition date and RM200,000 debentures with interest rate of 5% per annum. Only the cash payment has been recorded as investment in ordinary shares. All consideration paid for investments in cumulative preference shares and redeemable preference shares have been paid and recorded. 2. Stone Sdn Bhd paid dividends of RM20,000 on 21 March 20X6. 3. On the acquisition date the fair value of building belonging to Stone was RM150,000 more than the carrying value. This building had an estimated useful life of 15 years on that date. One of the machine belonging to Stone was revalued to be RM60,000 lower due to technology change. The estimated useful life of this machine is 5 years. All fair value adjustments on assets have not been recorded. The group uses straight line depreciation method. 4. Intangible asset of Stone refers to a patent rights with an estimated value of RM100,000 which was capitalised on 1 January 2016. By 31 December 20X6, this asset has been amortised by RM20,000. However Boulder do not recognized this as an asset upon acquisition. 5. Stone sold inventories to Boulder at cost plus 25% with the invoice value of RM250,000 of which 50% has been sold. Both companies have recorded this sale as part of trade receivables and trade payables respectively. On 31 December 20X6, Boulder remitted a payment of RM100,000 but this payment was only received by Stone on 2 January 20x7. 6. Stone dedared half year dividends for cumulative preference shares and redeemable preference shares on 28 December 20X6. The dividends payment has not been recorded. 7. The group uses partial goodwill to prepare its accounts. Required: Prepare the consolidated statement of financial position for the group as at 31 December 20X6. Note: Show all relevant workings