Assets Non-Current Assets: Tangibles 90,000 60,000 60,000 Investment in Sub (at cost): Shares in Sogakope 90,000 Shares in Jesikan 25,000 42,000 115,000 42,000 205,000 102,000 60,000 Current Assets 40,000 50,000 40,000 245,000 152,000 100,000 Equity and Liabilities Equity: Ord. Shares GHS1 100,000 50,000 50,000 Revaluation Surplus 50,000 20,000 Retained Earnings 45,000 32,000 25,000 195,000 102,000 75,000 Non-Current Liabilities 12% Loan notes 10,000 195,000 112,000 75,000 Current Liabilities Payables 50,000 40,000 25,000 245,000 152,000 100,000

(a) Ho Ltd acquired 60% of the shares in Sogakope on 1 January 2013 when the balance on that company's retained earnings was GHS -8,000 (minus) and there was no share premium account.

(b) Ho acquired 20% of the shares of Jesikan and Sogakope acquired 60% of the shares of Jesikan on 1 January 2014 when that company's retained earnings stood at GHS15,000.

(c) There has been no payment of dividends by either Sogakope or Jesikan since they became subsidiaries.

(d) There was no impairment of goodwill.

(e) It is the group's policy to measure the non-controlling interest at acquisition at its proportionate share of the fair value of the subsidiary's net assets.

f. Ho sold goods with original cost of GHS 10,000 to Jesikan for GHS 15000. Jeikan managed to sell half of these goods to Yam Ltd, a company not related to the group. The effects of the unsold goods have not been adjusted in the financial statements.

g. Among the current assets of Ho Ltd is an item of receivable of GHS 1200 due to from Jesikan Ltd due to intercompany sales, but the latter has in its payable, GHS 900 due to Ho Ltd. It has been established that the difference is due to funds wired to Ho which did not reflect in its bank at the year-end. Required:

Prepare the consolidated statement of financial position of Ho Ltd as at 31 May 2015.