The following are the summarised statements of the financial position of Daffodils Berhad and Camellia Berhad as at 30 June 20X9:

DaffodilsCamellia RMRMAssets Non-current assets Tangible 360,000 135,000 Investments 300,000 -Current assets 315,000 210,000 Total assets 975,000 345,000 Equities and Liabilities Ordinary shares of RM1 each 504,000 150,000 Share premium 36,000 15,000 Retained earnings 240,000 75,000 Current liabilities 195,000 105,000 Total equity and liabilities 975,000 345,000

Required:

Prepare a statement of the consolidated financial position of Daffodils Berhad and its subsidiary, Camellia Berhad at 30 June 20X9 under the assumption that Daffodils Berhad acquired 150,000 shares in Camellia Berhad for RM2 per share on 30 June 20X9. The investment account contains the cost of shares in Camellia Berhad and non-group investments.

( Total / Jumlah: 20 )