Nci investment valuation

Hi,

I need a help about this example:

in Panda for every five shares in Sloth. The market prices of shares in Panda and Sloth at 1 May, 2009 were $6 and $3.20 respectively.
Panda Sloth
Retained earnings at 1 November, 2008 40 152
Profit/ (loss) for the year ended 31 October, 2009 47.2 21
Dividend for year end 31 October, 2009 – (8)
The fair values of Sloth’s net assets at date of acquisition were equal to their carrying amounts with the exception of an item of plant which
had a carrying value of $12 million and a fair value of $17 million.
In addition, Sloth owns, but has not previously recognised, a domain name with a value of $20 million Panda has credited the whole of
the dividend it received from Sloth to investment income.
The non-controlling interest in Sloth is to be valued at fair value as at date of acquisition. For this purpose, the Sloth share price at that date
Free ACCA notes ? Free ACCA lectures ? Free ACCA tests ? Free tutor support ? StudyBuddies ? ACCA forums
Paper F7
Mini Exercises – Questions ACCA F7 March-June’18 Examinations
218
can be taken to be indicative of the fair value of the non-controlling interest’s investment.
The goodwill in Sloth has not suffered any impairment

How to estimate here Nci investment valuation. Thanks a lot.