SECTION D On 1st January 2021, TNT Plc bought 27,000,000 ordinary shares of the shares of RWT Ltd. At this date. Statements of Financial Position as at 31 December 2021: TNT PIC RWT Ltd 000 000 Non-Current Assets Property, Plant and Equipment at NBV 196,875 90,000 Investments in RWT Ltd 18,375 215,250 90,000 Current Assets 56,625 24,000 Total assets 271,875 114,000 Current Liabilities Long Term Loans Total Liabilities 43,890 105,000 148,890 15,000 30,000 45,000 Equity Share Capital (0.4 share) Share Premium Retained Earnings Total equity Total Liabilities and equity 30,000 45,000 47,985 122,985 271,875 45,000 15,000 9,000 69,000 114,000 You are also given the following information: 1. The fair values of the non-current assets of RWT Ltd at 1 January 2021 were 99,000,000 as compared with their book value of 99,000,000. 2. RWT's retained earnings at 1 January 2021 were 6,000,000. Required A) Calculate total non-current assets and retained earnings number that should be reported in TNT's consolidate statement of financial position. [3 marks] B) Critically evaluate the accounting for Property, Plant and Equipment under IAS 16 Property, Plant and Equipment". [18 marks]