Pumice Co- NCI Calculation

Hi I am trying to do the calculation for NCI but I cannot understand why the NCI does not have a share of the depreciation from the Fair Value Adjustment. The answer I would have got was NCI at Acq 3000 + Post Acq Profits 160 - Depreciation 200 - Impairment 80 = 2880 The question is: On 1 October 2005 Pumice acquired the following non-current investments: – 80% of the equity share capital of Silverton at a cost of $13.6 million – 50% of Silverton’s 10% loan notes at par – 1.6 million equity shares in Amok at a cost of $6.25 each. The summarised draft balance sheets of the three companies at 31 March 2006 are: Pumice Silverton Amok $’000 $’000 $’000 Non-current assets Property, plant and equipment 20,000 8,500 16,500 Investments 26,000 nil 1,500 46,000 8,500 18,000 Current assets 15,000 8,000 11,000 Total assets 61,000 16,500 29,000 Equity and liabilities Equity Equity shares of $1 each 10,000 3,000 4,000 Retained earnings 37,000 8,000 20,000 47,000 11,000 24,000 Non-current liabilities 8% loan note 4,000 nil nil 10% loan note nil 2,000 nil Current liabilities 10,000 3,500 5,000 Total equity and liabilities 61,000 16,500 29,000 The following information is relevant: (i) The fair values of Silverton’s assets were equal to their carrying amounts with the exception of land and plant. Silverton’s land had a fair value of $400,000 in excess of its carrying amount and plant had a fair value of $1.6 million in excess of its carrying amount. The plant had a remaining life of four years (straight-line depreciation) at the date of acquisition. (ii) In the post acquisition period Pumice sold goods to Silverton at a price of $6 million. These goods had cost Pumice $4 million. Half of these goods were still in the inventory of Silverton at 31 March 2006. Silverton had a balance of $1.5 million owing to Pumice at 31 March 2006 which agreed with Pumice’s records. (iii) The net profit after tax for the year ended 31 March 2006 was $2 million for Silverton and $8 million for Amok. Assume profits accrued evenly throughout the year. (iv) An impairment test at 31 March 2006 concluded that consolidated goodwill was impaired by $400,000 and the investment in Amok was impaired by $200,000. (v) No dividends were paid during the year by any of the companies.