The following are the statements of financial position of York and Syria as at 30.6.20x5: York (RM'000) Syria (RM'000) Assets Non-current assets: Land 11,600 2,100 Building 4.800 500 Machineries 1.900 320 Equipment 850 80 Motor vehicle 350 120 Current assets: Inventories 3,778 820 Trade receivables 3,333 954 Other receivables 711 121 Cash in bank 3,900 782 Total 31,222 5,797 19,700 1,000 5200 500 200 Equities & Liabilities Ordinary shares Preference shares 4% Redeemable preference shares 5% Revaluation reserve Retained earings Current liabilities: Trade payables Total 1,100 5,516 (1090) 3,906 31,222 987 5,797 Additional information: 1. York acquired 1.6 million units out of 2 million ordinary shares issued by Syria on 1.7.20X4 when the retained profits of Syria was RM 820,000. As consideration transferred, York issued 660,000 units of its ordinary shares and a cash payment of RM350,000. The share prices of York and Syria on the date of acquisition was RM3.50 and RM2.60 respectively. 2. York also acquired 20% of preference shares and 10% of redeemable preference shares in Syria on 1.7.2074 via payment of cash. 3. On the date of acquisition, building belonging to Syria is estimated to have a fair value of RM660,000 with useful life of 11 years. A machinery belonging to Syria was estimated to have a lower fair value of RM60,000 due to technology change. Useful life of the machine is 5 years on 1.7.20X4. The group uses straight line depreciation method for all its assets. All fair value adjustments on assets have not been recorded. There are no acquisitions or disposals of non-current assets during the year. 4. During the year, Syria sold inventories to York amounting to RM275,000 at cost plus 25%. Only 40% of the inventories have been sold. York has not paid RM150,000 from this invoice and both companies have recorded this transaction in trade payables and trade receivables respectively. 5. York sold macbioecy to Syria at the price of RM60,000. The net book value of this asset in York's book is RM40,000 with useful life of 4 years. 6. In June 20x5, the following dividends were declared which has not been recorded in the books: Dividends declared York Ordinary shares RM540,000 Preference shares Full year Syria Ordinary shares RM40,000 Preference shares Half year Redeemable preference shares Half year 7. Full goodwill method was used to prepare the consolidated accounts. Goodwill was impaired by 20% by year end. Required: Prepare the consolidated statement of financial position for the group as at 30 June 20x5. Note: Show all the relevant workings. The following are the statements of financial position of York and Syria as at 30.6.20x5: York (RM'000) Syria (RM'000) Assets Non-current assets: Land 11,600 2,100 Building 4.800 500 Machineries 1.900 320 Equipment 850 80 Motor vehicle 350 120 Current assets: Inventories 3,778 820 Trade receivables 3,333 954 Other receivables 711 121 Cash in bank 3,900 782 Total 31,222 5,797 19,700 1,000 5200 500 200 Equities & Liabilities Ordinary shares Preference shares 4% Redeemable preference shares 5% Revaluation reserve Retained earings Current liabilities: Trade payables Total 1,100 5,516 (1090) 3,906 31,222 987 5,797 Additional information: 1. York acquired 1.6 million units out of 2 million ordinary shares issued by Syria on 1.7.20X4 when the retained profits of Syria was RM 820,000. As consideration transferred, York issued 660,000 units of its ordinary shares and a cash payment of RM350,000. The share prices of York and Syria on the date of acquisition was RM3.50 and RM2.60 respectively. 2. York also acquired 20% of preference shares and 10% of redeemable preference shares in Syria on 1.7.2074 via payment of cash. 3. On the date of acquisition, building belonging to Syria is estimated to have a fair value of RM660,000 with useful life of 11 years. A machinery belonging to Syria was estimated to have a lower fair value of RM60,000 due to technology change. Useful life of the machine is 5 years on 1.7.20X4. The group uses straight line depreciation method for all its assets. All fair value adjustments on assets have not been recorded. There are no acquisitions or disposals of non-current assets during the year. 4. During the year, Syria sold inventories to York amounting to RM275,000 at cost plus 25%. Only 40% of the inventories have been sold. York has not paid RM150,000 from this invoice and both companies have recorded this transaction in trade payables and trade receivables respectively. 5. York sold macbioecy to Syria at the price of RM60,000. The net book value of this asset in York's book is RM40,000 with useful life of 4 years. 6. In June 20x5, the following dividends were declared which has not been recorded in the books: Dividends declared York Ordinary shares RM540,000 Preference shares Full year Syria Ordinary shares RM40,000 Preference shares Half year Redeemable preference shares Half year 7. Full goodwill method was used to prepare the consolidated accounts. Goodwill was impaired by 20% by year end. Required: Prepare the consolidated statement of financial position for the group as at 30 June 20x5. Note: Show all the relevant workings