Crocidura plc is the parent company of a small group operating in the animal feed wholesale sector. It has two subsidiaries, Oryctolagus plc and Lepus plc, both were acquired from a competitor several years previously and it has no plans for further expansion.

Details of the acquisitions are summarized below:

Oryctolagus plc

Purchased a 100% stake on 1 January 2015 giving £40 million in an all cash deal. At the acquisition date the retained earnings of Oryctolagus plc were £2 million.

Lepus plc

Purchased a 90% controlling stake on 30 June 2017 when the retained earnings of Lepus plc were £15m. Consideration comprised £5 million in cash plus two shares in Crocidura plc for every one share in Lepus plc acquired. At the transaction date the shares of Crocidura plc were trading at £2 each

The investments have already been recorded in the statements of financial position below as at 31 December 2021:

		Crocidura		Oryctolagus		Lepus
		£m		£m		£m
Net Assets
Investment in Oryctolagus		40		-		-
Investment in Lepus		41		-		-
Non-current assets:
Tangible (PPE)		720		180		1,300
Other		30
Current assets:
Inventory		60		210		500
Trade receivables		70		100		240
Other investments		-		30		10
Cash and cash equivalents		175		10		5
		1,136		530		2,055
Current liabilities		(246)		(130)		(655)
Long-term liabilities		(290)		(300)		(1,280)
		600		100		120
Capital and Reserves
Share capital (nominal £1)		150		10		10
Share premium		120		-		10
Retained profits		330		90		100
		600		100		120

Additional information:

There has been no impairment to goodwill associated with either investment since their acquisition by Crocidura plc.

Neither Oryctolagus plc or Lepus plc have made any share issues since the investment by Crocidura plc.

Crocidura plc uses the proportionate net assets approach for the calculation of non-controlling interests.

Lepus plc has a small number of large customers who are able to obtain very favourable credit terms because of the volumes of animal feeds they purchase. One consequence of this is that Lepus plc has poor liquidity and to assist with this Crocidura made a £30m loan to Lepus shortly after the acquisition date. This loan remains outstanding at the current reporting date (31 December 2021), and has a repayment date of 31 December 2025. It is recorded by Crocidura plc within other non-current assets.

When Oryctolagus plc was acquired due diligence identified that some of its land had a fair value £20m higher than recorded in its books at that date. This land is still owned at the current reporting date.

REQUIRED:

(a) Calculate the value of the following items in the consolidated statement of financial position as at 31 December 2021.

Goodwill

PPE (property, plant and equipment)

Inventory

Non-current liabilities

Share capital

Retained earnings

Non-controlling interests