A The following information relates to Heather Limited and its subsidiary, Thistle Limited.

1 Heather Limited Retained profits as at 31 March $2014 £ 700,000$.

80,000 ordinary shares were purchased in Thistle Limited on 1 April 2007 for $£ 150,000$.

2 Thistle Limited Retained profits as at 1 April $2007 £ 50,000$.

Retained profits as at 31 March $2014 £ 120,000$.

There were no other capital or revenue account balances at either of these dates.

Issued share capital: 100,000 ordinary shares of $£ 1$ each.

\section*{Required:}

Make the following calculations:

(a) the goodwill arising on the acquisition of Thistle Limited;

(b) the retained profits to be shown in the Heather Group statement of financial position as at 31 March 2014;

(c) the non-controlling interest in the Heather Group as at 31 March 2014.

\section*{(Association of Accounting Technicians)}