H Bhd has a 75% holding in the ordinary shares of S Sdn Bhd and 40% in A Sdn Bhd. Shares in S were acquired  in 2006 when its retained earnings were RM120 million.  The shares in A S/B  were acquired in 2004 when its retained earnings were RM50 million. Below are the balance sheets for the three companies as at 31 December 2009.

Additional information:

i)  To reflect the fair value of the subsidiaries' net assets at the acquisition date, the directors of H determined that S's freehold land had a fair value of RM450 million. S has not acquired nor disposed off any land since 2006.

ii)  Investment in S Bhd includes 10% Debentures purchased at par for RM 24 million.

iii)  S Bhd sold a piece of equipment to H Bhd in 2009 for RM20 million and made a profit of RM5 million. The remaining useful life of this plant and equipment at that time was 5 years.

iv)  During the year, A S/B  sold items of  inventories at the invoiced value of RM20 million to H Bhd. RM12.5 million of these goods are still in stock at the end of the year. Side normally charges a mark-up of 25% on cost.

v)  Full provision of depreciation  is provided for in the year of purchase and none in the year of sale.

vi)  Assume that revenue and expenditure accrue evenly throughout the year.

vii)  Ignore taxation.  

Required:

a)  Prepare the consolidated balance sheet as at 31 December 2009.  Show all relevant workings.