Grace Ltd, a public limited liability company in Ghana,operates in the manufacturing sector. Grace Ltd has investments in two other Ghanaian companies. The draft statements offinancial position as at 31 December 2018 are as follows:

Assets:	Grace Ltd	Favour Ltd	Blessing Ltd
Non-current assets	GH million	GH million	GH million
Property plant and equipment	1,440	1,100	1,300
Investments in subsidiaries:
Favour Ltd	1,250
Blessing Ltd	310	1,270
Financial assets	320	21	141
	3,320	2,391	1,441
Current assets	895	681	150
Total assets	4,215	3,072	1,591
Equity and liabilities:
Share capital	1,750	1,210	800
Retained earnings	1,240	930	350
Other components of equity	125	80	95
Total equity	3,115	2,220	1,245
Non-current liabilities	985	765	150
Current liabilities	115	87	196
Total liabilities	1,100	852	346
Total equity and liabilities	4,215	3,072	1,591

Additional information:

(i) On 1 January 2017, Grace Ltd acquired 14% of the equityinterest of Blessing Ltd for a cash consideration of GH260million and Favour Ltd acquired 70% of the equity interestof Blessing Ltd for a cash consideration of GH1,270million. At 1 January 2017, the identifiable net assets ofBlessing Ltd had a fair value of GH990 million, retainedearnings were GH190 million and other components ofequity were GH52 million. At 1 January 2018, theidentifiable net assets of Blessing Ltd had a fair value ofGH1,150 million, retained earnings were GH240 millionand other components of equity were GH70 million. Theexcess in fair value is due to non-depreciable land. The fairvalue of the 14% holding of Grace Ltd in Blessing Ltd,which was classified as fair value through profit or loss, wasGH280 million at 31 December 2017 and GH310 millionat 31 December 2018. However, the fair value of FavourLtds interest in Blessing Ltd had not changed sinceacquisition.

(ii) On 1 January 2018, Grace Ltd acquired 60% of the equityinterests of Favour Ltd, a public limited liability company inGhana. The cost of investment comprised cash of GH1,250million. On 1 January 2018, the fair value of the identifiable net assets acquired was GH1,950 million and retainedearnings of Favour Ltd were GH650 million and othercomponent of equity were GH55 million. The excess in fairvalue is due to non-depreciable land. It is the groups policy to measure the non-controlling interest at acquisition at itsproportionate share of the fair value of the subsidiarys net assets.

(iii) Goodwill of Favour Ltd and Blessing Ltd were tested forimpairment at 31 December 2018 and found that there wasno impairment relating to Blessing Ltd. However, thegoodwill of Favour Ltd was fully impaired by the reportingdate.

(iv) The following information relates to the group pension plan ofGrace Ltd:

	1 Jan 2018 GH million	31 Dec 2018 GH million
Fair value of plan assets	14	14.5
Actuarial value of defined benefit obligation	15	17.5

The contributions for the period received by the fund wereGH1 million and the employee benefits paid in the yearamounted to GH1.5 million. The discount rate to be used inany calculation is 5%. The current service cost for the periodbased on actuarial calculations is GH0.5 million. The abovefigures have not been taken into account for the year ended31 December 2018 except for the contributions paid whichhave been entered in cash and the defined benefit obligation.

(v) Grace took out a foreign currency loan of 50 million dinars at a fixed interest rate of 8% on 1 Jan 2018. The interest is paid at the end of each year. The loan will be repaid after two years on 31 December 2019. The interest rate is the current market rate for similar two-year fixed interest loans. Apart from the initial recognition of the loan, no other entries have been made in connection with this transaction. The average currency exchange rate for the year is not materially different from the actual rate and are given as:

EXCHANGE RATES Dinar 1 = GH

1 Jan 2018 5

31 Dec 2018 6

Average exchange rate for year ended 31 Dec 2018 5.6

Required:

Prepare the group consolidated statement of financial position ofGrace Ltd as at 31 December 2018.