iii. iv. V. Non-current assets: KAF revalues its land and building at the end of each accounting year. At 30 September 2012 the relevant value to be incorporated into the financial statements is GHS41.8m. The building's remaining life at the beginning of the current year (1 October 2011) was 18 years. Ignore deferred tax on the capital surplus. All depreciation is charged to cost of sales. The investments in equity instruments held at 30 September 2012 had a fair value of GHS13.5m. All changes in the fair value of investments are treated in the statement of profit or loss. A provision for income tax for the year ended 30 September 2012 of GHS5.6m is required. The balance on current tax represents the under/over provision of the tax liability for the year ended 30 September 2011. At 30 September 2012 the tax base of KAF's net assets was GHS15m less than their carrying amounts. The movement on deferred tax should be taken to profit or loss. The income tax rate of KAF is 25%. Required: a) Prepare the statement of profit or loss and other comprehensive income for KAF for the year ended 30 September 2012. b) Prepare the statement of changes in equity for the year ended 30 September, 2012 sity of Professiona P. O. Box LG 149, Acci Graduate Library 3