H Ltd GH'000

Non-current assets 100 Investments in S Ltd at cost 90 Current assets 50

240

Ordinary share capital (GH share) 120 Income statement 70 Current liabilities 50

240

S Ltd GH'000

80 -

60 140

80 40 20

140

Statement of Financial Position at 31 December 2019

H Ltd acquired 60,000 GH1 share in S Ltd on 30 June 2019 for GH90,000 when the income statement surplus of S Ltd amounted to GH30,000.

Required:

Prepare the consolidated financial statement for the group.