JD Ltd is a private company. Three quarters of the stated capital is held by the directors or members of their families. The company's draft balance as at 31 December 2019 is as follows: The Statement of financial position of JD Ltd as at 30th March 2019 was as follows. Non-Curent Assets GHE GHE Intangible assets: Development costs 127,500 Goodwill 90,000 Tangible assets: Land and buildings 405,000 Plant and machinery 489,000 1,111,500 Current assets: Inventories 639,000 796.500 Receivables 1.435.500 Current liabilities: Payables Bank overdraft 589,500 1.030.500 1.620.000 Net current liabilities (184,500) 927.000 Financed by: Stated capital (1,200,000 shares of GHel each) Capital surplus Retained eamings 1,200,000 75,000 348,000) 927.000 The bank loans and overdrafts consist of a 10% loan of GH600,000 repayable in 2022 carrying a fixed charge on the company's land and buildings, and an unsecured overdraft of GHc430,500. Demand for the company's products reduced tremendously due to an influx of cheaper Chinese products. The development costs appearing in the statement of financial position above relate to a new product which has been perfected to a marketable stage, and for which there is believed to be a strong demand. The costs have been properly capitalized in JD Ltd is a private company. Three quarters of the stated capital is held by the directors or members of their families. The company's draft balance as at 31 December 2019 is as follows: The Statement of financial position of JD Ltd as at 30th March 2019 was as follows. Non-Curent Assets GHE GHE Intangible assets: Development costs 127,500 Goodwill 90,000 Tangible assets: Land and buildings 405,000 Plant and machinery 489,000 1,111,500 Current assets: Inventories 639,000 796.500 Receivables 1.435.500 Current liabilities: Payables Bank overdraft 589,500 1.030.500 1.620.000 Net current liabilities (184,500) 927.000 Financed by: Stated capital (1,200,000 shares of GHel each) Capital surplus Retained eamings 1,200,000 75,000 348,000) 927.000 The bank loans and overdrafts consist of a 10% loan of GH600,000 repayable in 2022 carrying a fixed charge on the company's land and buildings, and an unsecured overdraft of GHc430,500. Demand for the company's products reduced tremendously due to an influx of cheaper Chinese products. The development costs appearing in the statement of financial position above relate to a new product which has been perfected to a marketable stage, and for which there is believed to be a strong demand. The costs have been properly capitalized in