Below the Trial Balance of the Consolidated Fund for the year ended 31st December 2017

Established post

Non- establish post

Travel allowances

Insurance

Conferences and workshops

Car mantainance allowamces

Rent and rates

Motor vehicle

Other non-financial assets

Accummulated consumption of fixed asset

Currency reserves

Cash and bank

Equity investment

Other international investments

Payables

Grants

Tax

Non tax

Loans and advances

office consummables

Printing and publication

Subsidies

Social Assistant benefits-LEAP

National health Insurance

Medical refunds

Other expenditure

Domestic debt interest

Internal debt interest

External debt

Internal debt

Pension funds

Deposits and other trust monies

Contigency fund

Accummulated fund (1/1/17)

GHc'm

20,200

9,200

3,400

1,960

7,500

850

1,250

30,400

16,900

14,500

16,600

4,200

1,540

1,030

2,300

1,980

4,500

150

100

300

780

10,200

14,300

50,020

GHc'm

1,640

1,320

18,900

9,600

54,240

14,240

48,400

52,200

12,400

340

880

214,160 214,160

13

Additional Information

i) Tax revenues assessed but not collected amount to GHc3,200,000,000 during the year and it is anticipated that 10% will be uncollectible.

ii) Established post salaries in arrears during the year amounted to GHc1,340,000,000 and payable to Electricity Company of Ghana for power supplied was GHc 60,200,000.

iii) Consumption charged on fixed capital is computed on straight-line basis and the amount computed for the year is GHc3, 120,000,000.

iv) Ghana adopted the GFS harmonized chart of accounts since 2014.

Required:

a) Prepare the Statement of Financial Performance of Consolidated Fund for the year ended 31st December 2014 and the Statement of Financial Position as at the same date, in a form suitable for publication in compliance with the IPSAS and the Financial Laws of Ghana.

b) Disclose all relevant notes to the financial statements.