On 1 January 2020, Darren Co acquired 75% of Letare Co's equity shares by means of a share exchange of two shares in Darren Co for every three Letare Co shares acquired. On that date, further consideration was also issued to the shareholders of Letare Co in the form of a sh.100 8% loan note for every 100 shares acquired in Letare Co. None of the purchase consideration, nor the outstanding interest on the loan notes at 31 March 2020, has yet been recorded by Darren Co. At the date of acquisition, the share price of Darren Co and Letare Co is sh.3-20 and sh.1-80 respectively. The summarised statements of financial position of the two companies as at 31 March 2020 are: Darren Co Letare Co sh. '000 sh. '000 Assets Non-current assets Property, plant and equipment (note (i)) 75,200 31,500 Investment in Amery Co at 1 April 2019 (note (iv)) 4,500 79.700 31,500 Current assets Inventory (note (iii)) 19,400 18,800 Trade receivables (note (iii)) 14,700 12.500 Bank 1.200 600 35.300 31,900 Total assets 115.000 63.400 Equity and liabilities Equity Equity shares of sh.1 each 50,000 20,000 Retained earnings - at 1 April 2019 20,000 19,000 - for year ended 31 March 2020 16,000 8,000 86,000 47,000 Non-current liabilities 8% loan notes 5.000 Current habilities (note (ili)) 24.000 16.400 19.000 16.400