=+On 1 January 2001 HUMPTY Limited purchased 320,000 €1 ordinary shares in DUMPTY Limited. On this date the fair value of DUMPTY Limited’s separable net assets differed from their book values as follows: 512 INTERNATIONAL FINANCIAL ACCOUNTING AND REPORTING Property, plant and equipment Inventory Trade receivables Statement of financial position value at 1 January 2001 €’000 500 Fair value at 1 January 2001 €’000 750 100 60 125 ee However, DUMPTY did not incorporate these fair values into its books of account. With respect to the measurement of non-controlling interests at the date of acquisition, the proportionate share method equated to the fair value method. The directors of HUMPTY believe that the goodwill arising on the acquisition of DUMPTY was impaired for the first time by €345,000 during the year ended 31 December 2003.