Case Illustration 2: Non-controlling interest in Subsidiary Ltd measure at fair value Assume the same information given above On July 1 2012, Parent Ltd acquired 70 percent of the share capital of Subsidiary Ltd for $800 000. This represented the fair value of the consideration paid, when the share capital and reserves of the subsidiary were: Share capital 700 000 Revaluation surplus 200 000 Retained earnings 100 000 1 000 000 All assets of Subsidiary Ltd were recorded at fair