Question1 Statements of Financial Position of TT and BB as at 30 June 2015 are given below: TT BB GHE GH Non-current assets: Land Plant & equipment Investment 4,500 2,500 2,400 1,750 8,000 14,900 4,250 Current assets Inventory 3,200 900 Receivables 1,400 650 Bank 600 150 5,200 1,700 20,100 59,500 Finance by: Ordinary share capital 50c 5,000 1,000 Retained earnings 8,300 3,150 13,300 4,150 Current liabilities 6,800 1,800 20,100 5,950 TT acquired 75% of S on 1 July 2014 when the balance on S's retained earnings was GH1,150. TT paid GH3,500 for its investment in the share capital of BB. At the reporting date TT recorded a payable to BB of GH400. This agreed to the corresponding amount in BB's financial statements. At the date of acquisition it was determined that BB's land, carried at cost of GH2,500 had a fair value of GH3,750. BB's plant was determined to have a fair value of GH500 in excess of its carrying value. These values had not been recorded by BB. The TT group uses the fair value method to value the non-controlling interest which was GH 1,100. Required: Prepare the consolidated statement of financial position of the P group as at 30 June 2015.