Inventory Goods were purchased for Dinar 80 million cash when the exchange rate was N$1 : Dinar 5. Monsoon had not managed to sell the goods at 30 September 2021 and the net realisable value was estimated to be Dinar 60 million at 30 September 2021 . The exchange rate at this date was \$1: Dinar 6. The inventory has been correctly valued at 30 September 2021 with both the exchange difference and impairment correctly included within cost of sales. Changes to group structure During the year ended 30 September 2021, Monsoon acquired a 60% subsidiary, Davenport, and also sold all of its equity interests in Barham for cash. The consideration for Davenport consisted of a share for share exchange together with some cash payable in two years. 80% of the equity shares of Barham had been acquired several years ago but Monsoon had decided to sell as the performance of Barham had been poor for a number of years. Consequently, Barham had a suSETantial overdraft at the disposal date. Barham was unable to pay any dividends during the financial year but Davenport did pay an interim dividend on 30 September 2021. Total: 110 Marks QUESTION 4 15 Marks The following are extracts from the consolidated financial statements of the Monsoon group. Group statement of profit or loss for the year ended 30 September 2021: Extracts from the group statement of financial position: The following information is also relevant to the year ended 30 September 2021: Pension scheme Monsoon operates a defined benefit scheme. A service cost component of N$24 million has been included within operating expenses. The remeasurement component for the year was a gain of N$3 million. Benefits paid out of the scheme were N$31 million. Contributions into the scheme by Monsoon are N$15 million. Goodwill Goodwill was reviewed for impairments at the reporting date. Impairments arose of N$10 million in the current year. Property, plant and equipment Property, plant and equipment (PPE) at 30 September 2021 included cash additions of N$134 million. Depreciation charged during the year was N$99 million and an impairment loss of N$43 million was recognised. Prior to the impairment, the group had a balance on the revaluation surplus of N$50 million of which N\$20 million related to PPE impaired in the current year