2.	On 1 April 2020 the fair value of Micro Solar Ltds property, plant and equipment was 150m higher than book value. This adjustment has not been reflected in the statement of financial position on the previous page. No further adjustments are necessary for depreciation during the year ended 31 March 2021
3.	At 31 March 2021 Giant Energy Plcs inventory includes 50m relating to goods purchased from Micro Solar Ltd. These goods had cost Micro Solar Ltd 35m.
Requirement for question 1(a)
(i)		Calculate goodwill arising on the acquisition of Micro Solar Ltd at 1 April 2020.
(ii)		Calculate consolidated retained earnings at 31 March 2021.
(iii)		Calculate the non-controlling interest at 31 March 2021.
(iv)		Prepare a consolidated statement of financial position for Giant Energy Plc at 31 March 2021.

Statements of financial position at 31 March 2021 Giant Energy PIC Micro Solar Ltd m 7,000 m 800 Non-current assets Property, plant and equipment Investments - 160m ordinary shares in Micro Solar Ltd - 100m 1 5% debentures in Micro Solar Ltd 600 100 Current assets Inventory Receivables Cash and cash equivalent 170 180 130 8,180 50 50 132 1032 Equity and reserves Ordinary 1 shares Share premium account Retained earnings 2,000 2,100 3,080 200 300 240 Non-current liabilities 10% Debentures 600 195 90 Current liabilities Payables Owed to Micro Solar Ltd Bank overdraft 250 44 106 8,180 7 1032 The following information is also available: 1) On 1 April 2020 Giant Energy Plc acquired share capital in Micro Solar Ltd. At that date the retained earnings of Micro Solar Ltd amounted to 80m. Each ordinary share in Micro Solar Ltd carries one vote and there are no voting rights other than those attached to the ordinary shares. Micro Solar Ltd has not issued any shares since its acquisition by Giant Energy Plc