Required:

1. Determine Apple Ltds interest (direct and indirect) and the non-controlling interest (direct and indirect) in the separate legal entities under the control of Apple Ltd (Show workings for indirect interests).
2. Where only a proportion of a subsidiarys shares are owned by a parent entity, what proportion of the intragroup transactions between the parent entity and the subsidiary will need to be eliminated on consolidation?

The following diagram represents the ownership of issued share capital of the companies in a group. Apple Ltd | 60% 70% Banana Ltd Grape Ltd 60% 80% Orange Ltd Plum Ltd 10%