On 1 April, Seine SA acquires 70% of Marne SA. Marne's identifiable net assets, measured under IFRS 3, are 2,400,000. The other shareholders hold 30 % of the capital. Case convention: Seine chooses, for this business combination, to measure the non-controlling interest at its proportionate share of identifiable net assets. Calculate the non-controlling interest at the acquisition date.
- Marne's identifiable net assets
- 2,400,000
- Percentage held by the other shareholders
- 30 %