The following are financial statements of H Ltd and its subsidiary G Ltd for the year ending 30 June 2019. The following are in $'000 (thousands of dollars).

	H Ltd	G Ltd
Sales revenue	690	580
Cost of goods sold	-464	-238
Gross profit	226	342
Dividends received from G Ltd	74.4	-
Management fee revenue	26.5	-
Profit on sale of plant	35	-
Expenses
Administrative expenses	-30.8	-38.7
Depreciation	-24.5	-56.8
Management fee expense	-	-26.5
Other expenses	-101.1	-77
Profit before tax	205.5	143
Tax expense	-61.5	-42.2
Profit for the year	144	100.8
Retained earnings - 30 June 2018	319.4	239.2
	463.4	340
Dividends paid	-137.4	-93
Retained earnings - 30 June 2019	326	247
Balance Sheet
Shareholders' equity
Retained earnings	326	247
Share capital	350	200
Current liabilities
Accounts payable	54.7	46.3
Tax payable	41.3	25
Non-current liabilities
Loans	173.5	116
	945.5	634.3
Current assets
Accounts receivable	59.4	62.3
Inventory	92	29
Non-current assets
land and building	224	326
Plant	299.85	355.8
Accumulated depreciation	-85.75	-138.8
Investment in G Ltd	356	-
	945.5	634.3

Other Information:

H Ltd acquired its 80% interest in G Ltd on 1 July 2010, 9 years earlier. At that date capital and reserves of G Ltd were:

Share capital               $200,000

Retained earnings       $170,000

                                    $370,000

At the date of acquisition all assets were considered to be fairly valued.

-The management of H Ltd values any NCI at the proportionate share of G Ltd’s identifiable net assets.

-During the year, H Ltd made total sales to G Ltd of $65,000, while G Ltd sold $52,000 in inventory to H Ltd.

-The opening inventory in H Ltd as at 1 July 2018 included inventory acquired from G Ltd for $42,000 that had cost G Ltd $35,000 to produce.

-The closing inventory in H Ltd includes inventory acquired from G Ltd at a cost of $33,600. This cost G Ltd $28,000 to produce.

-The closing inventory of G Ltd includes inventory acquired from H Ltd at a cost of $12,000. This cost H Ltd $9,600 to produce.

-The management of H Ltd believed that goodwill acquired was impaired by $3,000 in the current financial year. Previous impairments of goodwill amounted to $22,500.

-On 1 July 2018 H Ltd sold an item of plant to G Ltd for $116,000 when its carrying value in H Ltd’s account was $81,000 (cost $135,000, accumulated depreciation of $54,000). This plant is assessed as having a remaining useful life of 6 years.

-G Ltd paid $26,500 in management fees to H Ltd.

-The tax rate is 30%.

Required:

1)    Prepare the intragroup transaction entries based on the financial statements and other information (12 marks)

2)    Calculate the non-controlling interest in G Ltd