Do you think whether Flower Plc. is a subsidiary or an associate for Bird Plc? Explain your reasoning.

On 1 January 20X0 Bird Plc acquired 80% of the 10,000 1 Ordinary shares in Flower Plc for 1.50 per share in cash and gained control. The fair value of the net assets of Flower at that date was the same as the book value. The individual statements of financial position immediately after the acquisition at that date were as follows: Bird Flower 20,000 11,000 ASSETS Non-current assets Goodwill Investment in Flower Net current assets Net assets 12,000 11,000 43,000 3,000 14,000 Share capital Retained earnings 16,000 27,000 43,000 10,000 4,000 14,000 43,000 14,000 Non-controlling interest