Tiger acquired 20% share capital of Deer on 1 August 2021 at the cost of 5.5million. Tiger has classified Deer as an associate undertaking. For the year ended 31 October 2021, Deer has reported a net profit of 937,500. What is the value of the associate investment in the group statement of financial position of Tiger as at 31 October 2021? . Hyperverse plc acquired 80% of the share capital of Lyca plc on 1/10/2018 for 340,600. The profit for the year ended 31/12/2018 for Lyca was 36,000. Profits are deemed to accrue evenly over the year. At 31/12/2018 the following extracts of the statement of financial position for Lyca has been provided: Equity share capital Retained earnings What is the goodwill on acquisition? 200,000 180,000