10:40 PM 0 e 14 QUESTION The Prestige Buk limitaliexpress.imgi teisen. Piele 2016 Trailer Tirir reddit GHSS GASON 21210 mersion CISS'sports JU!! COLLI 4,16 Didends from venn 145 Puli. Pacie expul -13 linger Sult AV Dinas Romania 119 Krisline from the property Vor veled cucu deprem 516 Exil & Fumi.mulled depois. 1.31 Compresseumlate deprecio en LLIO 394 Lauri lilin... Hii 2.121 Coral: 49 THAI Siners hl 1.78 Amis due to the banks Customers' Cimetico Cela Emin A Bisedime deposits 10,746 Instimillilirl [tial 411 Turen with me 2X Larimerna 0311 1.1142 Site 14.44 Rrated pets. UJULY ...U Soccery Leveres, 1.01.2019 Rruzula surplus 1,332 18.16 Gert Tre bille pils with her hans Ladie 1 Ware with liste 18.99 PASS Adelibunal Infurmilun: I're lip Limmed hashen sind or the followigiwalew inchingements et low- Cuboned Tsont aband; the claim is to GIS 30,00 Cayer or endor servke severe pe an gcuity * Temployees wtore pies were excited wide. Plege giving as die les Loslavuit is clima GUS 15.50 n Legal counsel of the bank is of the opinion that not all the legal cases are tenable in law and has communicated to Prestige. This assessment of the two lawsuits are: Lawsuit 1: The chances of this lawsuit are remote. Lawsuit 2: It is probable that Prestige would have to pay the displaced employees, but the best estimate of the amount that would be payable if the plain.iff succeeds against the entity is GHS 100,000. Provide for depreciation at the following rates: Land and buildings 5% on cost. Equipment and furniture 20% on cost. Computers 20% on cost. Motor vehicles 20% on cost. Provide for Audit fees of GHS 180,000. iv) The bank has advanced GHS2,553,000 loan to a customer. The customer is currently suffering from Corona virus and it has been established by the doctors that it is virtually certain the customer will die. In compliance with the Banking Act 12.5% of profit after tax is to be transferred to statutory reserve. vi) Interin tax for 2019 based on self-assessment was settled at GHS540,000. Corporate tax applicable to the bank is 25%. vii) The investment property was acquired in February, 2019. The directors have adopted fair valuation model of accounting for investment properties in line with IAS 40. At 31 December, 2019, it was fair valued at GHS4,000,000. viii) On 31" December, the Directors of the bank further declared dividend of GHS2 per share. On that same date, the directors agreed to pay end-of-year bonus to staff estimated at GHS216,000. This is yet to be paid. This should be accounted for as an operating expense Required: Prepare the following financial statements of Prestige Bank Limited for publication in accordance with relevant legislations and International Financial Reporting Standards (IFRS): a) The statement of profit or loss and other comprehensive income for the year ended 31 December, 2019. (8 marks) b) The statement of changes in equity for the year ended 31 December, 2019. (4 marks) c) The statement of financial position as at 31* December, 2019. (8 marks) d) Show clearly all relevant workings. (Total 20 marks) 10:40 PM 0 e 14 QUESTION The Prestige Buk limitaliexpress.imgi teisen. Piele 2016 Trailer Tirir reddit GHSS GASON 21210 mersion CISS'sports JU!! COLLI 4,16 Didends from venn 145 Puli. Pacie expul -13 linger Sult AV Dinas Romania 119 Krisline from the property Vor veled cucu deprem 516 Exil & Fumi.mulled depois. 1.31 Compresseumlate deprecio en LLIO 394 Lauri lilin... Hii 2.121 Coral: 49 THAI Siners hl 1.78 Amis due to the banks Customers' Cimetico Cela Emin A Bisedime deposits 10,746 Instimillilirl [tial 411 Turen with me 2X Larimerna 0311 1.1142 Site 14.44 Rrated pets. UJULY ...U Soccery Leveres, 1.01.2019 Rruzula surplus 1,332 18.16 Gert Tre bille pils with her hans Ladie 1 Ware with liste 18.99 PASS Adelibunal Infurmilun: I're lip Limmed hashen sind or the followigiwalew inchingements et low- Cuboned Tsont aband; the claim is to GIS 30,00 Cayer or endor servke severe pe an gcuity * Temployees wtore pies were excited wide. Plege giving as die les Loslavuit is clima GUS 15.50 n Legal counsel of the bank is of the opinion that not all the legal cases are tenable in law and has communicated to Prestige. This assessment of the two lawsuits are: Lawsuit 1: The chances of this lawsuit are remote. Lawsuit 2: It is probable that Prestige would have to pay the displaced employees, but the best estimate of the amount that would be payable if the plain.iff succeeds against the entity is GHS 100,000. Provide for depreciation at the following rates: Land and buildings 5% on cost. Equipment and furniture 20% on cost. Computers 20% on cost. Motor vehicles 20% on cost. Provide for Audit fees of GHS 180,000. iv) The bank has advanced GHS2,553,000 loan to a customer. The customer is currently suffering from Corona virus and it has been established by the doctors that it is virtually certain the customer will die. In compliance with the Banking Act 12.5% of profit after tax is to be transferred to statutory reserve. vi) Interin tax for 2019 based on self-assessment was settled at GHS540,000. Corporate tax applicable to the bank is 25%. vii) The investment property was acquired in February, 2019. The directors have adopted fair valuation model of accounting for investment properties in line with IAS 40. At 31 December, 2019, it was fair valued at GHS4,000,000. viii) On 31" December, the Directors of the bank further declared dividend of GHS2 per share. On that same date, the directors agreed to pay end-of-year bonus to staff estimated at GHS216,000. This is yet to be paid. This should be accounted for as an operating expense Required: Prepare the following financial statements of Prestige Bank Limited for publication in accordance with relevant legislations and International Financial Reporting Standards (IFRS): a) The statement of profit or loss and other comprehensive income for the year ended 31 December, 2019. (8 marks) b) The statement of changes in equity for the year ended 31 December, 2019. (4 marks) c) The statement of financial position as at 31* December, 2019. (8 marks) d) Show clearly all relevant workings. (Total 20 marks)