The profit for the current year per the audited statements of comprehensive income of the entities were as follows : $ West. 33400 East. 10508 North. 22305

The following are the audited statements of financial position of West Ltd, East Ltd and North Ltd as at 31 December 2022. ASSETS Non Current Assets West East USD USD North USD Property, plant and equipment 132,000 Investment in East Ltd at Fair Value 122,400 35.405 135,000 Investment in Northm Ltd at Fair Value 20,000 Total Non Current Assets 267,000 142,400 35,405 Current Assets Cash and Cash Equivalents Total Assets 41,000 20,800 308,000 163,200 35,405 EQUITY AND LIABILITIES Share Capital 60,000 ordinary shares 60,000 Share Capital 100,000 ordinary shares 100,000 Share Capital 30,000 ordinary shares 30.000 Retained Earnings 196,000 63,200 5,405 Mark to Market Reserve 24,406 Total Equity 280,420 163,200 35,405 Non Current Liabilities Deferred Tax Current Liabilities Short Term Loan Total Liabilities Total Equity and Liabilities 5,594 22,000 27,580 308,000 163,200 35,405 Additional Information 1. West Ltd acquired control of East Ltd by acquiring 90,000 ordinary shares in East on 01 January 2020 when the retained earnings of East Ltd were USD10,500 2. East Ltd acquired control of North Ltd by acquiring 24,000 ordinary shares in No Ltd on 01 January 2022. 3. At both the above acquisition dates there were no unidentified assets, liabilities or liabilities and the fair value of all assets, liabilities and contingent unts thereof. and od