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Pat Ltd and Sat Ltd have produced the following statements of financial position as at 30 June 2018: Statements of financial position as at 30 June 2018: Rs'000 Rs'000 ASSETS Non-current Assets PPE Investments 400,000 500,000 800,000 1,300,000 400,000 Current Assets Inventory Trade receivables Cash and cash equivalent 400,000 300,000 200,000 400,000 550,000 900,000 950,000 Total Assets 2,200,000 1,350,000 EQUITY AND LIABILITIES 900,000 500,000 Ordinary shares of Rs1 each Retained earnings Capital reserves Share premium 500,000 400,000 250,000 150,000 1,700,000 1,000,000 Current liabilities Trade payables Bank overdraft 200,000 100,000 275,000 75,000 350,000 300,000 Total equity and liabilities 2,200,000 1,350,000 The following additional information is relevant to the preparation of the financial statements of the Power group: () Pat Ltd acquired 80% of the ordinary share of Sat Ltd many years ago, when the retained earnings of Sat Ltd were Rs 200 million. Consideration transferred was Rs 800 million. (ii) At date of acquisition, the plant and equipment of Sat Ltd was revalued upwards by Rs75 million, although this revaluation was not recorded in the accounts of Sat Ltd. Depreciation would have been Rs 10 million greater had it been based on the revalued figure. (ii) At 30 June 2018, Sat Ltd had invoiced Pat Ltd Rs10 million for goods dispatched which Pat Ltd had not received and was still due. (iv) Included in the receivables of Sat Ltd are Rs50 million owed by Pat Ltd and Rs50 million owed by Sat Ltd to Pat Itd. (v) It is the company policy to value non-controlling interest at full fair value. At the acquisition date, non-controlling shares of Sat were valued at a market price of Rs1.80 per share. (vi) Rs40 million of the recognized goodwill arising on consolidation is to be written off due to impairment loss. REQUIRED: Prepare the consolidated statement of financial position of Pat Ltd as at 30 June 2018

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