The financial statements of company M and its subsidiary S are shown here (in € m).
Balance sheet
| Assets | M | S | Equity and liabilities | M | S |
| Tangible and intangible fixed assets | 100 | 30 | Equity and share capital | 40 | 10 |
| Investment in subsidiary S | 16 | — | Reserves | 80 | 10 |
| Other investments | 5 | — | Net earnings | 10 | 5 |
| Current assets | 200 | 70 | Debt | 191 | 75 |
| Total | 321 | 100 | Total | 321 | 100 |
Income statement
| M | S | |
| -Sales | 200 | 90 |
| -Purchases of raw materials | 100 | 50 |
| -Change in inventories | — | 2 |
| -Other external services | 25 | 20 |
| -Personnel costs | 40 | 8 |
| -Interest and other financial Charges | 10 | 1 |
| + Interest, dividends and other financial income | 3 | — |
| -Exceptional costs | 9 | — |
| + Exceptional income | 2 | — |
| -Corporate income tax | 11 | 4 |
| = Net income | 10 | 5 |
Draw up the consolidated accounts for the group MþS in the following circumstances:
(a) M has an 80% stake in S (full consolidation).
(b) M has a 50% stake in S (proportional consolidation).
(c) M has a 20% stake in S (equity method consolidation).
(N.B.: It is assumed that there are no flows between M and S.)
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