The following are the statements of financial position as at 31 December 2019

Keris Tombak Meriam RM 000 RM 000 RM 000 Ordinary share capital 14,400 8,000 1280 Retained Profit 480 576 400 Profit for the year 960 512 1120 Dividend Paid (160) Loan from Tombak 320 Overdraft 160 288 Trade Payables 560 192 160 16,560 9,568 3,120 Land 1,280 3,360 1,424 Building 2880 3200 960 Plant and machinery 3440 1440 512 Investment in Tombak 7200 Investment in Meriam 1,600 Loan to Meriam 384 Trade Receivables 48 448 64 Inventories 64 256 96 Bank 48 480 64 16,560 9,568 3,120

Additional information: 1. Keris acquired 1,500,000 of the issued share capital Tombak on 1 January 2016 when Tombaks retained profit had a negative balance of RM320,000. The carrying value of Tombaks assets reflected fair value except for building which the fair value was in excess of the carrying amount of RM1,440,000. The remaining life of the building was 25 years.

ACCT2131/June2020 Page 4 of 8 2. Keris acquired 640,000 of the issued share capital of Meriam on 1 April 2019. The carrying value of its assets reflected fair value except for land which fair value was RM480,000 in excess of the carrying amount. Meriam paid a dividend of RM160,000 in March 2019. 3. During the year, Keris sold plant of carrying amount RM480,000 for RM800,000 to Tombak. Plant is depreciated at 20% on cost, with a full years provision in the year of acquisition. 4. Meriam sold inventory to Keris in the post-acquisition period. Intra-group profit in the closing inventory was RM8,000. 5. On 1 July 2019, Tombak gave a 10% loan to Meriam. It gave a further RM64,000 on 30 December 2019 which has not been recognized by Meriam. Meriam has not accrued the interest on the loan. Required: Prepare the consolidated statement of financial position of Keris Group as at 31 December 2019. Show all relevant workings.