Wolf Plc purchased 80% of Fox Led for 130,000 on 1 January 2017 when the retained reserves of Fox Lid were 550,000 Thens". During 2019 there was an impairment loss of 64,000 hons relating to Fox Lid's goodwill. It was the first time the impairment loss was revealed The currency translation difference in the consolidated financial statements at 31 December 2018 relating to the translation of the subsidiary's financial statements (excluding goodwill) was 42.000 Retained eamings of Fox Lid in separate financial statements in the post-acquisition period to 31 December 2018 amounted to 34,000 The dividends declared in 2019 were fully paid on 31 December 2019 The non-controlling interest is valued at its proportionate share of the fair value of the subsidiary's not assets. The consolidated retained earnings of Wolf Pic group at 31 December 2018 amounted to 210,000 Exchange rates were as follows: Thensto1 120 100 8.0 9.0 1 January 2017 31 December 2018 31 December 2019 Average 2019 Required Prepare the consolidated statement of financial position, consolidated ent of profit or loss and other comprehensive income and consolated statement of changes in equity of the Woll Pic group for the year ended 31 December 2010 Statement of financial position at 31 Decmeber 2019 WPC E000 320 130 100 Fox L Thens"000 1 100 500 1600 550 Property, plant and equipment Investment in Fox Led Current assets Total assets Share capital Retained eaminge Loans Current liabilities Total liabilities and equity 250 120 280 50 100 550 1 100 50 200 1600 Statement of profit or loss and other comprehensive income for the year anded 31 December 2019 Wolf Pic E000 280 100 180 For Ltd Thens"000 1 300 570 730 220 Rovanie Cost of sales Gross profit Other expenses Dividend from Fox Ltd Profit before tax Income tax expense Net profit Total comprehensive income for the year 10 170 50 120 510 160 350 120 350 Extract from statement of changes in equity for the year ended 31 December 2019 Balance at 1 January 2019 Dividends paid Total comprehensive income for the year Balance at 31 December 2019 Retained Eamings WbPic E000 209 49 120 280 Retained Eamings Fox Ltd Thens"000 850 100 350 1 100 Wolf Plc purchased 80% of Fox Ltd for 130,000 on 1 January 2017 when the retained reserves of Fox Ltd were 550,000 "hens". During 2019 there was an impairment loss of 64,000 'hens" relating to Fox Ltd's goodwill. It was the first time the impairment loss was revealed. The currency translation difference in the consolidated financial statements at 31 December 2018 relating to the translation of the subsidiary's financial statements (excluding goodwill) was 42,000. Retained earnings of Fox Ltd in separate financial statements in the post-acquisition period to 31 December 2018 amounted to 34,000. The dividends declared in 2019 were fully paid on 31 December 2019. The non-controlling interest is valued at its proportionate share of the fair value of the subsidiary's net assets. The consolidated retained earnings of Wolf Plc group at 31 December 2018 amounted to 210,000. Exchange rates were as follows: Exchange rates were as follows: "hens" to 1 12,0 10,0 8,0 9,0 1 January 2017 31 December 2018 31 December 2019 Average 2019 Required Prepare the consolidated statement of financial position, consolidated statement of profit or loss and other comprehensive income and consoliated statement of changes in equity of the Wolf Plc group for the year ended 31 December 2019. Statement of financial position at 31 Decmeber 2019 Wolf Plc '000 Fox Ltd "hens" '000 1 100 Property, plant and equipment Investment in Fox Ltd Current assets Total assets Share capital Retained earnings Loans Current liabilities Total liabilities and equity 320 130 100 550 120 280 50 100 550 500 1 600 250 1 100 50 200 1 600 Statement of profit or loss and other comprehensive income for the year anded 31 December 2019 Wolf Plc '000 Fox Ltd "hens" '000 1 300 570 730 220 Revenue Cost of sales Gross profit Other expenses Dividend from Fox Ltd Profit before tax Income tax expense Net profit Total comprehensive income for the year 280 100 180 20 10 170 50 120 510 160 350 - 120 350 Extract from statement of changes in equity for the year ended 31 December 2019 Balance at 1 January 2019 Dividends paid Total comprehensive income for the year Balance at 31 December 2019 Retained Earnings Wolf Plc '000 209 49 120 280 Retained Earnings Fox Ltd "hens" '000 850 100 350 1 100 Wolf Plc purchased 80% of Fox Led for 130,000 on 1 January 2017 when the retained reserves of Fox Lid were 550,000 Thens". During 2019 there was an impairment loss of 64,000 hons relating to Fox Lid's goodwill. It was the first time the impairment loss was revealed The currency translation difference in the consolidated financial statements at 31 December 2018 relating to the translation of the subsidiary's financial statements (excluding goodwill) was 42.000 Retained eamings of Fox Lid in separate financial statements in the post-acquisition period to 31 December 2018 amounted to 34,000 The dividends declared in 2019 were fully paid on 31 December 2019 The non-controlling interest is valued at its proportionate share of the fair value of the subsidiary's not assets. The consolidated retained earnings of Wolf Pic group at 31 December 2018 amounted to 210,000 Exchange rates were as follows: Thensto1 120 100 8.0 9.0 1 January 2017 31 December 2018 31 December 2019 Average 2019 Required Prepare the consolidated statement of financial position, consolidated ent of profit or loss and other comprehensive income and consolated statement of changes in equity of the Woll Pic group for the year ended 31 December 2010 Statement of financial position at 31 Decmeber 2019 WPC E000 320 130 100 Fox L Thens"000 1 100 500 1600 550 Property, plant and equipment Investment in Fox Led Current assets Total assets Share capital Retained eaminge Loans Current liabilities Total liabilities and equity 250 120 280 50 100 550 1 100 50 200 1600 Statement of profit or loss and other comprehensive income for the year anded 31 December 2019 Wolf Pic E000 280 100 180 For Ltd Thens"000 1 300 570 730 220 Rovanie Cost of sales Gross profit Other expenses Dividend from Fox Ltd Profit before tax Income tax expense Net profit Total comprehensive income for the year 10 170 50 120 510 160 350 120 350 Extract from statement of changes in equity for the year ended 31 December 2019 Balance at 1 January 2019 Dividends paid Total comprehensive income for the year Balance at 31 December 2019 Retained Eamings WbPic E000 209 49 120 280 Retained Eamings Fox Ltd Thens"000 850 100 350 1 100 Wolf Plc purchased 80% of Fox Ltd for 130,000 on 1 January 2017 when the retained reserves of Fox Ltd were 550,000 "hens". During 2019 there was an impairment loss of 64,000 'hens" relating to Fox Ltd's goodwill. It was the first time the impairment loss was revealed. The currency translation difference in the consolidated financial statements at 31 December 2018 relating to the translation of the subsidiary's financial statements (excluding goodwill) was 42,000. Retained earnings of Fox Ltd in separate financial statements in the post-acquisition period to 31 December 2018 amounted to 34,000. The dividends declared in 2019 were fully paid on 31 December 2019. The non-controlling interest is valued at its proportionate share of the fair value of the subsidiary's net assets. The consolidated retained earnings of Wolf Plc group at 31 December 2018 amounted to 210,000. Exchange rates were as follows: Exchange rates were as follows: "hens" to 1 12,0 10,0 8,0 9,0 1 January 2017 31 December 2018 31 December 2019 Average 2019 Required Prepare the consolidated statement of financial position, consolidated statement of profit or loss and other comprehensive income and consoliated statement of changes in equity of the Wolf Plc group for the year ended 31 December 2019. Statement of financial position at 31 Decmeber 2019 Wolf Plc '000 Fox Ltd "hens" '000 1 100 Property, plant and equipment Investment in Fox Ltd Current assets Total assets Share capital Retained earnings Loans Current liabilities Total liabilities and equity 320 130 100 550 120 280 50 100 550 500 1 600 250 1 100 50 200 1 600 Statement of profit or loss and other comprehensive income for the year anded 31 December 2019 Wolf Plc '000 Fox Ltd "hens" '000 1 300 570 730 220 Revenue Cost of sales Gross profit Other expenses Dividend from Fox Ltd Profit before tax Income tax expense Net profit Total comprehensive income for the year 280 100 180 20 10 170 50 120 510 160 350 - 120 350 Extract from statement of changes in equity for the year ended 31 December 2019 Balance at 1 January 2019 Dividends paid Total comprehensive income for the year Balance at 31 December 2019 Retained Earnings Wolf Plc '000 209 49 120 280 Retained Earnings Fox Ltd "hens" '000 850 100 350 1 100
