Financial information at 30 June 2020 of Great Ltd and its subsidiary company, Wall Ltd, is shown below.

At 1 July 2017, the date Great Ltd acquired its 80% shareholding in Wall Ltd, all the identifiable assets and liabilities of Wall Ltd were at fair value except for the following assets:

(3 Great Ltd Wall Ltd Sales revenue 5 316,000 5 220,000 Other revenue: Debenture interest 5,000 Management and consulting fees 5,000 Dividend from Wall Ltd 12,000 Total revenues 338,000 220,000 Cost of sales 13 0,000 85,000 Manufacturing expenses 90,000 60,000 Depreciation on plant 15,000 15,000 Administrative 15,000 8,000 Financial 11,000 5,000 Other expenses 14,000 12,000 Total expenses 275,000 185,000 Profit before tax 63,000 35,000 Income tax expense (25,000} (17,000} Profit 38,000 18,000 Retained earnings (1/7/19) 50,000 45,000 88,000 63,000 Transfer to general reserve 3,000 Interim dividend paid 10,000 10,000 Final dividend declared 10,000 5,000 23,000 15,000 Retained earnings (30/6/20) 65,000 48,000 General reserve 50,000 10,000 Other components of equity 13,000 10,000 Share capital 300,000 100,000 Debentures 200,000 100,000 Current tax liability 25,000 17,000 Dividend payable 10,000 5,000 Deferred tax liability 7,000 Other Iia bilities 90,000 12,000 5 753,000 5 309,000 Financial assets S 50,000 5 60,000 Debentures in Wall Ltd 100,000 Shares in Wall Ltd 131,600 Plant (cost) 120,000 102,000 Accumulated depreciation plant (65,000} (55,000} Other depreciable assets 76,000 55,000 Accumulated depreciation (40,000} (25,000} Inventory 90,000 85,000 Deferred tax asset 85,400 30,000 Land 201,000 57,000 Dividend receivable 4,000 5 753,000 5 309,000