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

1. Heather Limited Retained profits as at 31 March 2008 £700,000.
80,000 ordinary shares were purchased in Thistle Limited on 1 April 2001 for £150,000. -

2. Thistle Limited Retained profits as at 1 April 2001 £50,000.
Retained profits as at 31 March 2008 £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.

3. Goodwill arising on consolidation is written off immediately on acquisition against reserves.

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 balance sheet as at 31 March 2008;

(c) the minority interest in the Heather Group as at 31 March 2008.