On 30 June 20X4, Ant plc acquired 60% of the equity share capital and 20% of the irredeemable…

On 30 June 20X4, Ant plc acquired 60% of the equity share
capital and 20% of the irredeemable preference share capital of Dec Ltd for
£95,000 and £15,000 respectively. At the date of acquisition the fair values of
Dec’s property, plant and equipment, which had a carrying value of £160,000,
was estimated at £200,000. Dec Ltd depreciates its property, plant and
equipment on the straight-line method, and the assets’ remaining useful lives
were estimated at 8 years. Also, at the date of acquisition the balance on
Dec’s retained earnings was £50,000 and the balance on the share premium
account

On 30 June 20X4, Ant plc acquired 60% of the equity share
capital and 20% of the irredeemable preference share capital of Dec Ltd for
£95,000 and £15,000 respectively. At the date of acquisition the fair values of
Dec’s property, plant and equipment, which had a carrying value of £160,000,
was estimated at £200,000. Dec Ltd depreciates its property, plant and
equipment on the straight-line method, and the assets’ remaining useful lives
were estimated at 8 years. Also, at the date of acquisition the balance on
Dec’s retained earnings was £50,000 and the balance on the share premium
account was £9,000. The following statements of financial position have been
prepared at 30 June 20X8.

Prepare the consolidated statement of financial position of
Ant plc at 30 June 20X8.