P Ltd acquired control with the acquisition of an 80% interest in S Ltd for R1 100 000 on I January 2008. On this date the share capital of S Ltd was R200 000 consisting of 200 000 ordinary shares and the retained earnings amounted to R800 000. The fair value of the net assets of S Ltd amounted to R1 000 000 on 1 January 2008

 

Non- controlling interests in the acquire are measured as the Non-controlling interest's proportionate share of the acquiree's net identifiable assets?

 

How much of the fair value of net assets will be attributable to the parent at acquisition?