You ascertain the following additional information: (i) The 'investments' in the statement of financial position comprise solely Harodds's investment in Sanyo ($128,000) and in Yamaha ($90,000). (ii) The 48,000 shares in Sanyo were acquired when Sanyo's retained earnings stood at $20,000. The 15,000 shares in Yamaha were acquired when that company had a retained earnings balance of $150,000. (iii) When Harodds acquired its shares in Sanyo the fair value of Sanyo's net assets equalled their book values with the following exceptions: $'000 Property, plant and equipment 50 higher Inventories 20 lower (sold during 2014) Depreciation arising on the fair value adjustment to non-current assets since this date is $5,000. (iv) During the year, Harodds sold inventories to Sanyo for $16,000, which originally cost Harodds $10,000. Three-quarters of these inventories have subsequently been sold by Sanyo. (v) No impairment losses on goodwill had been necessary by 31 December 2014. (vi) It is group policy to value non-controlling interests at full (or fair) value. The fair value of the non-controlling interests at acquisition was $90,000. REQUIRED Prepare the consolidated statement of financial position for the Harodds group (incorporating the associate) as at 31 December 2014

Harodds has held shares in two companies, Sanyo and Yamaha, for a number of years. As at 31 December 2014 they have the following statements of financial position: Harodd $'000 Sanyo $'000 Yamaha $'000 Non - current assets Property, plant & equipment Investments 370 190 260 218 588 190 260 Current assets Inventories Trade receivables 100 160 170 180 100 90 Cash 50 40 10 380 230 290 968 420 550 200 80 Equity Share capital ($1 ords) Share premium Retained earnings 50 30 100 80 568 200 400 868 360 480 Current liabilities Trade payables 100 60 70 968 420 550