The following information is also available:
	On 1 April 2020 Giant Energy Plc acquired share capital in Micro Solar Ltd. At that date, the retained earnings of Micro Solar Ltd amounted to £80m. Each ordinary share in Micro Solar Ltd carries one vote and there are no voting rights other than those attached to the ordinary shares. Micro Solar Ltd has not issued any shares since its acquisition by Giant Energy Plc.

2.	On 1 April 2020, the fair value of Micro Solar Ltd’s property, plant, and equipment was £150m higher than the book value. This adjustment has not been reflected in the statement of financial position on the previous page. No further adjustments are necessary for depreciation during the year ended 31 March 2021
3.	On 31 March 2021 Giant Energy Plc’s inventory includes £50m relating to goods purchased from Micro Solar Ltd. These goods had cost Micro Solar Ltd £35m.
Requirement for question:
(i)		Calculate goodwill arising on the acquisition of Micro Solar Ltd on 1 April 2020.
(ii)		Calculate consolidated retained earnings on 31 March 2021.
(iii)		Calculate the non-controlling interest on 31 March 2021.
(iv)		Prepare a consolidated statement of financial position for Giant Energy Plc at 31 March 2021.

The following are the summarised statements of financial position for Giant Energy Plc and Micro Solar Ltd at 31 March 2021, the end of their most recent accounting years: Statements of financial position at 31 March 2021 Giant Micro Energy Plc Solar Ltd Non-current assets Property, plant and equipment Investments m m 7,000 800 - 160m ordinary shares in Micro Solar Ltd 600 - 100m 1 5% debentures in Micro Solar Ltd 100 Current assets Inventory Receivables Cash and cash equivalent 170 50 180 50 130 132 8,180 1032 Equity and reserves Ordinary 1 shares Share premium account Retained earnings 2,000 2,100 3,080 200 300 240 Non-current liabilities 10% Debentures 600 195 Current liabilities Payables Owed to Micro Solar Ltd 250 90 44 Bank overdraft 106 8,180 1032