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The following are the trial balances of H Ltd and S Ltd at 3 1 December 2 0 2 4 . H Ltd S Ltd
The following are the trial balances of H Ltd and S Ltd at December
H Ltd
S Ltd
Noncurrent assets PPE
Share Capital
Retained earnings
Investment in S Ltd at cost
Deferred taxation
Long term liabilities
Current assets
Profit before tax
Taxation
Additional information:
H Ltd acquired of the shares in S Ltd on December when the retained earnings for S Ltd was R
S Ltd purchased all its inventories from H Ltd at cost price plus The inventories on S Ltds books amounted to R at December and R at December
Assume that the cost price or carrying amount equals the current fair value.
Required:
Prepare the abbreviated consolidated Statement of Financial Position of H Ltd and its subsidiary.
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