=+ (2) * In arriving at the consideration for the shares in NOON Limited, property, plant and equipment was revalued at €115,000 and receivables amounting to €3,000 were deemed irrecoverable. No entry has been made in the books in respect of these valua- tions and there were no purchases or sales of property, plant and equipment by any of the companies during the year. The directors wish to give effect to the revaluations in the consolidated financial statements. With respect to the measurement of non-con- trolling interests at the date of acquisition, the proportionate share method equated to the fair value method. There is no evidence to suggest that the goodwill arising on the acquisition of NOON and NIGHT has been impaired. Property, plant and equipment represent filming equipment owned by the compa- nies. Depreciation is to be provided at 10% per annum on a straight-line basis.