10.15 The following are the statements of financial position of Hills and Shore as at 30 June 3: Ordinary share capital Retained profit as at 1 July x2 Profit for the year Hills RM'000 1,000 180 220 Shore RM'000 500 100 200 10 percent debentures 100 NI 1,400 900 520 Investment in Shore 300,000 ordinary shares Land at cost Plant Sundry net assets 140 740 1,400 400 200 300 900 Additional information: a. The ordinary share capital of Hills consists of 200,000 ordinary shares and that of Shore consists of 500,000 ordinary shares. Hils purchased 300,000 ordinary shares in Shore on 1 July x2 b. The fair value of the land of Shore on 1 July 2 was RM500,000. Shore did not incorporate this value in its accounts. Subsequently, the fair value increased by RM50,000. There were no additions or disposals of land during the current year. The fair value of the plant of Shore was RM100,000 more than its carrying amount on 1 July x2. The remaining economic life of the plant was five years as at 1 July x2 d. The group wants to disclose the land at fair value. Goodwill recognised is limited to the parent's share. f. Goodwill on consolidation is impaired by 20 percent. C. e