Entity A acquired 60% of the ordinary shares of business B on the 1st January 20x6. at acquisition, the book value of the subsidiary's net assets was R400 000. The following information also relates to the subsidiary's net assets. The fair value OF PPE is found to be R100 000 higher than its book value; the fair value of inventory is 80% of the existing book value of R50 000; B discloses a contingent liability with a fair value considered to be R40 000; the NCI was valued using the proportionate share of net assets method at acquisition. Based on this information, calculate the value of the NCI at the date of acquisition.