the info is being changed by this app not me

QUESTION 1 (IFRS M&IFRS 10) The following represents the abridged financial statements of X Ltd and its subsidiary Y Ltd: Statements of financial position as at 31 December 2019 200 000 200 000 Assets PPE Investments in Y Lid -30 000 ordinary shares of S2 cach at fair value (cost $152 500) Trade receivables Cash and cash equivalence 152 500 50 500 27 000 410 000 80 000 45 000 15 000 each 0 Equity and liabilities Issued shares capital ordinary shares at Retained earnings Trade payables 100 000 270 000 60 000 430 000 000 190 000 75 000 345 000 X Lad acquired its interest in Y Lad on January 2017 when Y Lid's carnings amounted to S110 000. At the date of acquisition consider the carrying amount of the assets and liabilities of Y Lid to be equal to their fair values thereon. Statement of comprehensive income for year ended 31 December 2019 Gross profit Dividend received Profit before tax Income tax expense Profit for the period Other comprehensive income Total comprehensive income XY 107000 105 000 7500 114 500 105 000 34 500) (35 000) 70 000 80 000 70 000 Statement of Changes in Equity for year ended 31 December 2019 Page 14 of 16 Total X Total Y Ordinary share cap Ordinary share Retained carmings Retained Farnings cap 100 000 000 210000 Balance (01-01-19) Profit for the period Dividend paid Balance (31-12-19) 11000 70000 (10 000) 190 000 31000 80 000 (20 000) 37000 210 000 20 000 (10 000 270 000 20 000) Statement of Changes in Equity for year ended 31 December 2019 Page 14 of 16 Total X Total Y Ordinary share cap Ordinary Retained share earnings Retained Earnings 100 000 80 000 Balance (01-01-19) Profit for the period Dividend paid Balance (31-12-19) 210 000 80 000 (20 000) 270 000 130 000 70000 (10 000) 190 000 310 000 80 000 (20 000) 370 000 210 000 | 70 000 (10 000) 270 000 100 000 80 000 Required: prepare the consolidated financial statements. (20) QUESTION 1 (IFRS M&IFRS 10) The following represents the abridged financial statements of X Ltd and its subsidiary Y Ltd: Statements of financial position as at 31 December 2019 200 000 200 000 Assets PPE Investments in Y Lid -30 000 ordinary shares of S2 cach at fair value (cost $152 500) Trade receivables Cash and cash equivalence 152 500 50 500 27 000 410 000 80 000 45 000 15 000 each 0 Equity and liabilities Issued shares capital ordinary shares at Retained earnings Trade payables 100 000 270 000 60 000 430 000 000 190 000 75 000 345 000 X Lad acquired its interest in Y Lad on January 2017 when Y Lid's carnings amounted to S110 000. At the date of acquisition consider the carrying amount of the assets and liabilities of Y Lid to be equal to their fair values thereon. Statement of comprehensive income for year ended 31 December 2019 Gross profit Dividend received Profit before tax Income tax expense Profit for the period Other comprehensive income Total comprehensive income XY 107000 105 000 7500 114 500 105 000 34 500) (35 000) 70 000 80 000 70 000 Statement of Changes in Equity for year ended 31 December 2019 Page 14 of 16 Total X Total Y Ordinary share cap Ordinary share Retained carmings Retained Farnings cap 100 000 000 210000 Balance (01-01-19) Profit for the period Dividend paid Balance (31-12-19) 11000 70000 (10 000) 190 000 31000 80 000 (20 000) 37000 210 000 20 000 (10 000 270 000 20 000) Statement of Changes in Equity for year ended 31 December 2019 Page 14 of 16 Total X Total Y Ordinary share cap Ordinary Retained share earnings Retained Earnings 100 000 80 000 Balance (01-01-19) Profit for the period Dividend paid Balance (31-12-19) 210 000 80 000 (20 000) 270 000 130 000 70000 (10 000) 190 000 310 000 80 000 (20 000) 370 000 210 000 | 70 000 (10 000) 270 000 100 000 80 000 Required: prepare the consolidated financial statements. (20)