Tamu Bhd is a Malaysia$-$based property developer specialising in large$-$scale mixed$-$use retail properties in prime city centre locations in Malaysia and Indonesia. The company develops and acquires high$-$quality properties for long$-$term ownership. The following is the draft statement of profit or loss and other comprehensive income of the Tamu Bhd Group of Companies for the financial year ended $31$ December $2020$:

Tamu

Bhd

RM million

Waris

Bhd

RM million

Baru

Bhd

RM million

Pavillion

Bhd

RM million

Revenue

$240$

$130$

$80$

$60$

Cost of sales

$(100)$

$(50)$

$(40)$

$(30)$

Gross profit

$140$

$80$

$40$

$30$

Expenses

$(40)$

$(20)$

$(18)$

$(12)$

Gain on sale of machine

$-$

$0\mathrm{.}4$

$-$

$-$

Dividends from subsidiary

$26$

$-$

$-$

$-$

Profit before taxation

$126$

$60\mathrm{.}4$

$22$

$18$

Taxation

$(33\mathrm{.}6)$

$(17\mathrm{.}9)$

$(6\mathrm{.}6)$

$(5\mathrm{.}04)$ Profit after taxation $92\mathrm{.}442\mathrm{.}515\mathrm{.}412\mathrm{.}96$

Additional information:

$1.$ Details of equities as at $31$ December $2020$ are as follows:

Tamu

Bhd

RM million

Waris

Bhd

RM million

Baru

Bhd

RM million

Pavillion

Bhd

RM million

Ordinary shares

$120$

$100$

$60$

$80$

Non$-$redeemable Preference shares

$100$

$80$

$20$

$-$

Retained profit on $1$ January $2020$

$64$

$30$

$18$

$32$

Ordinary dividend paid in Dec $2020$

$24$

$23$

$10$

$-$

Preference dividend paid in Dec $2020$

$10$

$8$

$2$

$-$

All the companies have not issued any new shares since $2015.$

$2.$ On $1$ January $2019,$ Tamu Bhd acquired $80\%$ of the issued ordinary shares of Waris Bhd for RM$104\mathrm{.}4$ million when the retained profit of Waris Bhd were RM$24$ million. Tamu Bhd also acquired $20\%$ of the RM$80$ million non$-$redeemable preferences shares of Waris Bhd for RM$16$ million. On $1$ January $2019,$ the fair value of a plant of Waris Bhd was RM$20$ million and its carrying value was RM$14$ million. The remaining useful life of the plant is six years. Waris Bhd did not incorporate the fair value in its account.

$2$

The goodwill on consolidation of Waris Bhd was impaired by RM$80,000$ for the year ended $31$ December $2019$ and another RM$80,000$ for the year ended $31$ December $2020.$

$3.$ On $1$ January $2019,$ Tamu Bhd has also acquired $40\%$ of the issued ordinary shares of Baru Bhd for RM$48$ million when the retained profit of Baru Bhd was RM$8$ million. Subsequently, on $1$ October $2020,$ Tamu Bhd acquired another $20\%$ of the shares in Baru Bhd for RM$30$ million. The fair value of the initial holdings of $40\%$ as at $1$ October $2020$ was RM$60$ million. There is no impairment of goodwill on acquisition of Baru Bhd$.$

$4.$ On $1$ January $2020,$ Tamu Bhd acquired $30\%$ interest in Pavillion Bhd for a cash consideration of RM$35$ million when the retained profit of Pavillion Bhd was RM$32$ million. Tamu Bhd has joint control over Pavillion Bhd$.$

$5.$ Waris Bhd sold a machine to Tamu Bhd on $1$ July $2020$ making a profit of RM$400,000.$ The remaining useful life of the machine is $5$ years and the group depreciates its machine on a straight$-$line basis, providing full year depreciation in the year of purchase and none in the year of disposal.

$6.$ During the year $2020,$ Pavillion Bhd sold inventories to Tamu Bhd costing RM$5\mathrm{.}4$ million for RM$6$ million. Tamu Bhd has not sold any of these inventories.

$7.$ All profits and losses are deemed to accrue evenly throughout the year.

$8.$ The group$$s policy is to measure non$-$controlling interest at fair value of the net assets of the subsidiary $($proportionate method$).$

Required:

a$.$ Compute goodwill or bargain purchase on the acquisition of ordinary shares in Waris Bhd$.$

b$.$ Compute goodwill or bargain purchase on the acquisition of ordinary shares in Baru Bhd$.$

c$.$ Compute goodwill or bargain purchase on the acquisition of ordinary shares in Pavillion Bhd$.$

d$.$ Prepare the consolidated statement of profit or loss and other comprehensive income for the year ended $31$ December $2020.$

e$.$ Prepare the consolidated statement of changes in equity $($extract$)$ for the year ended $31$ December $2020,$ showing the group retained profit and non$-$controlling interest.