Bun Co is a bakery which owns two shops$/$cafes$.$ Over the last two years, the company has experienced declining profitability due to increased competition, and the directors wish to investigate whether this is a sector$-$wide problem. Consequently, they have acquired equivalent ratios for the sector, some of which have been reproduced below.

Sector averages for the year ended June $2007$

Capital Employed. $18\mathrm{.}6\%$

Operating Profit Margin. $8\mathrm{.}6\%$

Net Asset turnover $2\mathrm{.}01$

Inventory holding Period. $4$ days

Equity debt. $80\%$

The following information has been extracted from Bun Co's draft financial statements for the year ended $31$ December $2007.$

Statement of Profit or Loss for the year ended $31$ December $2007$:

$$000$

Revenue $100,800$

Cost of Sales. $(70,000)$

Gross Profit. $30,800$

Operating expenses $(17,640)$

Profit from operations $13,160$

Statement of financial position as at $31$ December $2007$

$$000$

Non$-$Current Assets $55,000$

Inventory $3,960$

Equity:

Equity shares of $$1$ each $17,000$

Revaluation surplus $5,400$

Retained Earnings $10,480$

Total Equity $32,880$

Non$-$Current Liabilities:$10\%$ bank loan. $14,400$

Other information relevant to Bun Co:

$(1)$ In $2006,$ Bun Co acquired a famous brand name. On $31$ December $2007,$ the brand represents $20\%$ of non$-$current assets. The remaining $80\%$ of non$-$current assets comprise the property from which Bun Co operates its bakery and shops. This property is owned by Bun Co and has no direct. Associated finance. The property was revalued in $2004.$

$(2)$ In the year ended $31$ December $2007,$ Bun Co$.$ began offering discounted meal deals to customers. Bun Co$.$ hoped this strategy would help reduce perishable inventory and inventory holding periods.

$(3)$ In January $2008,$ it was decided to discount some slow$-$moving seasonal inventory with a selling price of $$1,5$m$.$ Under normal circumstances, these products have a gross profit margin of $20\%.$ The inventory was sold in February $2008$ for $50\%$ of what it cost Bun Co$.$ to produce. The financial statement for the year ended $31$ December $2007$ was authorised for issue on $15$ March $2008.$

Calculation of the consolidated goodwill at the date of acquisition.