Roundworm Ltd is a group of companies with a 31 December year-end. The Roundworm group financial statements for the years 20.21 and 20.22 are given below: Roundworm Group Ltd Consolidated statement of comprehensive income for the year ended 31 December 20.22 (Extract) Page 5 of 9 Roundworm Group Ltd Consolidated statement of financial position as at 31 December 20.21 and 20.22 (Extract) Additional information: 1. Acquisition of subsidiary During the year ended 31 December 20.22, Roundworm purchased 80% of the issued equity share capital of Chong Ltd for R100 000000 , payable in cash. The net assets of Chong at the date of acquisition were assessed at fair value as follows: It is group policy to measure NCl at the proportionate share of the fair value of net assets at acquisition. 2. Goodwill Goodwill suffered an impairment during the year. 3. Property, plant and equipment The only disposal in the year was of land with a carrying value of R90 million. The profit on disposal of R10m is included within operating expenses. Depreciation of R58m was charged on PPE in the year