Company Alpha has set up a subsidiary to deal with the distribution of its products by mail order. At 31 December 20X6 their respective statements of financial position were:
| |
Parent
|
Subsidiary
|
|
Property, plant and equipment (net)
|
980
|
340
|
|
Investment in subsidiary
|
180
|
-
|
|
Loan to subsidiary
|
50
|
-
|
|
Current assets
|
360
|
195
|
|
Total assets
|
1 570
|
535
|
|
Share capital
|
800
|
180
|
|
Retained earnings Loan from parent
|
360-
|
- 50
|
|
Long-term borrowings
|
300
|
250
|
|
Current liabilities
|
110
|
55
|
|
Total equity and liabilities
|
1 570
|
535
|
Draw up a consolidated statement of financial position at 31 December 20X6.