The summarised financial statements for three companies at 31 March 2022 are: Statements of Financial Position as at 31 March 2022 Assets TOP COM SUM RM'000 RM'000 RM'000 Non-current assets Property, plant and equipment 274,000 197,300 180,200 Investments in COM & SUM 310,500 584,500 197,300 180,200 Current assets Inventory 41,200 35,650 19,500 Current a/c: COM 20,500 Current a/c: SUM 14,000 Financial assets 2,100 Trade receivables 11,100 9,000 13,250 Bank 39,400 11,150 11,200 Total Assets 712,800 253,100 224,150 Equities and Liabilities Equity Ordinary shares 300,000 150,000 100,000 Revaluation reserve 143,600 Retained earnings 117,500 11,100 79,520 Non-current Liabilities 5% loan notes 90,000 20,000 Current Liabilities Trade payables Current a/c TOP 23,000 40,750 9,950 20,000 14,000 Interest accrued 4,500 1,000 Other liabilities 34,200 10,250 20,680 Total Equity and Liabilities 712,800 253,100 224,150 Statements of Comprehensive Income for the Year Ended 31 March 2022 TOP COM SUM RM'000 RM'000 RM'000 Revenue $400,000 100,500 165,880 Cost of sales Gross profit (320,200) (55,400) (77,200) 79,800 45,100 88,680 Operating expenses (40,000) (15,900) (35,000) Finance costs, net (4,500) (1,000) Finance income from COM 100 Dividend income from COM 24,000 Dividend income from SUM 4,000 Profit before tax 63,400 28,200 53,680 Income tax expense (2,200) (3,200) (15,600) Profit for the period 61,200 25,000 38,080 Statements of Changes in Retained Earnings for the Year Ended 31 March 2022 Balance at 1 April 2021 Profit for the period Less: Dividends paid Balance at 31 March 2022 TOP COM SUM RM'000 RM'000 RM'000 71,300 16,100 51,440 61,200 25,000 38,080 (15,000) (30,000) (10,000) 117,500 11,100 79,520 The following information is relevant to the preparation of the group financial statements of Grab Group: On 31 March 2020, TOP acquired 120,000,000 ordinary shares in COM for RM210,500,000 when the retained earnings of COM amounted to RM9,600,000. There have been no changes in COM's ordinary shares since 31 March 2020. On 1 July 2021, TOP acquired 40,000,000 of the ordinary shares in SUM, paying RM2.50 per share. TOP carried out a fair value exercise at the date of acquisition of SUM and concluded that no fair value adjustments were required on the net assets of SUM. On 28 March 2022, COM sent a payment by cheque amounting to RM500,000 to TOP. The cheque was received and recorded by TOP on 3 April 2022. On 29 August 2021, TOP purchased goods from COM for RM18,000,000 with 25% mark-up on cost. TOP held 1/3 of these goods in inventory at 31 March 2020. TOP sold goods to SUM for RM12,000,000 with a margin of 20%. SUM held 60% of these goods in inventory at 31 March 2022 TOP sold goods to SUM for RM12,000,000 with a margin of 20%. SUM held 60% of these goods in inventory at 31 March 2022 The goodwill arising on consolidation of COM is considered to be impaired by RM420,000 at 31 March 2022. On 1 April 2021, TOP purchased 10% of the 5% loan notes issued by COM. The notes purchased from COM were included in financial assets on TOP's statement of financial position. The value of notes consists of the nominal value of RM2,000,000 and the accrued interest of RM100,000. The interest of loan notes issued by all companies was accrued and accounted for the year ended 31 March 2022. The directors of all three companies paid ordinary dividends during the financial year ended 31 March 2022: a. TOP Berhad: RM0.05 per share on 20 March 2022 b. COM Berhad: RM0.20 per share on 24 March 2022 c. SUM Berhad: RM0.10 per share on 28 March 2022 Required: Prepare the consolidated financial statements for TOP Berhad and its group of companies for the year ended 31 March 2022 (25 marks)