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he following is an abridged version of the statement of financial position of Daugava company, an unquoted company, as at March 3 1 , 2

he following is an abridged version of the statement of financial position of Daugava company, an unquoted company, as at March 31,2024 : - non-curent asssets carrying value =450000 euro - net current assests =100000 euro total =550000 euro reprsenstend by 1 euro ordinary sharss =200000 euro reserves =250000 euro -6% loan notes =100000 total =550000 euro You should consider that: - Loan notes are redeemable at a premium of 2%; - Current market value of freehold property exceeds book value by 30,000; - All assets, other than property, are estimated to be realisable at their book value. Calculate the value of an 80% holding of ordinary shares, on an asset basis!

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