Ralph Co aquires 80% of Angus Co on 1 January for $780,000, giving rise to goodwill. At this date the net assets of Angus Co had a book value and fair value of $750,000. The NCI was measured as a proportion of net assets.

Extracts from the statements of financial position of the two companies at 31 December were as follows:

Ralph Angus

$000 $'000

Property, plant and equipment	1,290	640
Investment	780
Current assets	370	450