4:00 INTERIM ASSESSMENT QUESTION... 1 of 2 QUESTION Below are the financial statements of Monko Plc and its investee company, Danke Plc for the year ended 30 September 2023: Statements of Profit or Loss and other Comprehensive Income for the year ended 30 September 2023 Revenue Cost of sales Gross profit (loss) Distribution costs Administrative expenses Finance costs Profit (loss) before tax Income tax (expense)/relief Profit (loss) for the year Other Comprehensive Income: Revaluation surplus on property Total Comprehensive income Statements of Financial Position as at 30 September 2023 Assets Non-current assets Property, plant and equipment Financial asset: equity investments Current assets Total assets Equity and liabilities Equity Equity shares (@GH0.50 each) !!! 3G O Revaluation surplus Retained earnings Current liabilities Total equity and liabilities Page 1 of 2 Monko Ple Danke Plc GH'000 GH000 66,000 (67,200) (1,200) 110,000 (88,000) 22,000 (3,000) (5,250) (250) 13,500 (3,500) 10,000 1,000 11,000 41,000 16,000 57,000 16,500 Monko Plc Danke Ple GH000 GH000 73,500 30,000 5,000 23,500 58,500 15,000 (2,000) (2,400) 73,500 (5,600) 1,000 (4,600) (4,600) 21,000 21,000 4,800 25,800 6,000 12,000 18,000 7,800 25,800

4:00 :A! 3G INTERIM ASSESSMENT QUESTION... D1 of 2 QUESTION Below are the financial statements of Monko Ple and its investee company, Danke Ple for the year ended 30 September 2023: Statements of Profit or Loss and other Comprehensive lacome for the year ended 30 September 2023 Additional information: i) On 1 April 2023, Monko Ple acquired 75% of the equity shares of Danke Ple. Danke Ple had been experiencing difficult trading conditions and making significant losses. Taking into consideration Danke Ple's difficulties, Monko Ple made an immediate cash payment of only GHe1 1.50 per share. In addition, Monko Ple will pay a further amount in cash on 30 September 2024 if Danke Ple returns to profitability by that date. The value of this contingent consideration at the date of acquisition was estimated to be GHe 1,800,000 but in the light of continuing losses, its value was estimated at only GHe1, 500,000 as at 30 September 2023. The contingent consideration has not been recorded by Monko Plc. At the date of acquisition, shares in Danke Plc had a listed market price of GHe1.20 each. ii) On 1 April 2023, the fair values of Danke Ple's assets were equal to their carrying amounts with the exception of a leased property. This had a fair value of GH