The following information relates to Singapore, a 60% subsidiary.

Net assets at acquisition GHS500m

Net assets at year-end GHS600m

Fair value of the Non Controlling interest at acquisition GHS250m

Parents investment GHS800m

Recoverable amount at year-end GHS1,000m

Required:

Assuming that Non controlling interest at acquisition is measured at fair value and so that goodwill is full,

1.determine the goodwill that will be recognised in the group statement of financial position at the reporting date i.e. after the impairment review.Assuming that the Non controlling interest at acquisition is measured as a proportion of net assets so that goodwill is attributable to the parent only,

2.determine the goodwill that will be recognised in the group statement of financial position at the reporting date i.e. after the impairment review.