Requirement showing all relevant


(Uptown Ltd and Downtown Ltd, siege in associates, IAS 28)On 1 Jan 2020, Uptown Lid artificial a 40% peril in Downtown Ltd for $220,000 principal. Atthe spell of the merit, Downtown's portion-out principal was $300,000, its retained hueswere $200,000, and all its goods and liabilities were fairly valued.Below are the summarized financial statements of Downtown Ltd for the years ended 31 Dec2020 and 2021. Downtown did not pay any dividends during 2020 and 2021.#+FYE 31 Dec ($'000)20202021Profit & Loss Statement:Revenues1,4001,550Expenses(1,650)(1,900)Net Profit (Loss) following tax(250(350)Balance Sheet:Cash210170Other goods1,8001,700Total Assets2,0101,870Total Liabilities1,7601,970Share principal300300Retained hues(50)(400)Liabilities & Equity2,0101,870

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