On 1 January 2015, Happy Bhd acquired 75% of the ordinary shares and 30% of the preference shares of Lucky Bhd. The preference shares are classified as equity and they carry a cumulative preference dividend of 10% per year. The payment of dividend is discretionary and conditional on the company achieving sufficient profits in each year. Dividends on ordinary shares can only be paid after all arrears of preference dividends have been paid. For the year ended 31 December 2020, Lucky Bhd reported a profit after tax of RM70 million. Its equity consists of the following components:

	'000
Cumulative preference shares of $1 each	100,000
Ordinary shares of 200,000 units	200,000
Retained profits brought forward	80,000
Profit after tax for the year ended 2020	70,000
Total	450,000

Required:-

(a) Compute the amount of the profit for the year that shall be allocated to non-controlling interest

(b) Determine the amount of non-controlling interest that shall be shown in the financial position