The statements of financial position of two companies are as follows. Alpha is the parent company and it has a subsidiary Beta. Alpha acquired Beta exactly one year previously.

	Alpha	Beta
	$ million	$ million
Investment in Beta	1,000	-
Non-Current Assets	1,000	500
Current Assets	1,000	500
	3,000	1,000
Ordinary shares ($1)	1,000	200
Retained profits	1,000	300
Liabilities	1,000	500
	3,000	1,000

Details of Beta at the date of acquisition arc as follows: -

Number of $1 ordinary shares acquired	Retained profits at acquisition	Fair value adjustment at acquisition	Fair value of non- controlling interest
120 million	$100 million	$50 million	$260 million

The fair value adjustment relates lo plant with a remaining life at the date of acquisition of five years. The fair value has not been incorporated into Beta’s accounts. No new shares have been issued by Beta since the date of acquisition. The impairment review at the year - end reveals the recoverable amount for Beta to be $1,400 million.

Required

(a) Prepare the statement of financial position of the Alpha Group with goodwill being shown in full and the non-controlling interest determined at fair value. 

(b) Explain and illustrate the impact on the group accounts if at the year-end Alpha purchased all the remaining shares in Beta for $250 million 

(c) Explain and illustrate the impact on the group accounts if at the year-end:

(i) Alpha sold its entire shareholding of 120 million shares in Beta for $1,500 million

(ii) Alpha sold 10 million of its holding of shares in Beta for $50 million

(iii) Alpha sold 100 million of its holding in Beta for $1,100 million and thus losing control, but leaving the residual holding with a fair value of $200 million.