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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 31 December 2024.
H Ltd
S Ltd
Non-current assets (PPE)
185000
85000
Share Capital
(200000)
(80000)
Retained earnings (01/01/2024)
(52200)
(30000)
Investment in S Ltd, at cost
65000
Deferred taxation
(2000)
(1000)
Long term liabilities
(18000)
(4000)
Current assets
55200
49000
Profit before tax
(45000)
(25000)
Taxation
12000
6000
Additional information:
H Ltd acquired 60% of the shares in S Ltd on 31 December 2022 when the retained earnings for S Ltd was R20000.
S Ltd purchased all its inventories from H Ltd at cost price plus 25%. The inventories on S Ltds books amounted to R3600 at 31 December 2023 and R10800 at 31 December 2024.
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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