The Faith Rural Bank ltd has presented the following trial balance for the 2011 financial year:

	GH000	GH000
Operating expenses	987.00
Donations	24.00
Staff cost	2,213.00
Directors remuneration	39.00
Capital work-in-progress	168.00
Motor Vehicles/ Accumulated depreciation	327.00	182.00
Equipment & furniture / Accum. Depreciation	588.00	163.00
Computers/Accum. Depreciation	390.00	133.00
Land and Building / Accum. Depreciation	776.00	83.00
Corporate tax	180.00
Sundry payables		763.00
Interest from short funds		243.00
Interest from Government securities		7,137.00
Interest on loan and advances		373.00
Other accounts	789.00
Staff advances	449.00
Loans and Overdrafts granted	8,233.00
Income surplus 01/01/2011		1,146.00
Allowance for doubtful debts 01/01/2011		614.00
Statutory reserves 01/01/2011		648.00
Capital surplus		410.00
Trade investment	1,343.00
Government Treasury Bills	19,593.00
Interest on customers deposits	3,515.00
Amounts due to other banks		3,871.00
Deposits with other banks	12,794.00
Cash in hand	1,629.00
Balance with other banks	4,666.00
Stated capital		4,823.00
Current Accounts		22,767.00
Fixed / Time deposits		3,582.00
Savings accounts		7,819.00
Profit on foreign exchange transaction		141.00
Dividend from investment		55.00
Miscellaneous income		2,328.00
Commission and fee income		1,388.00
Share deals		34.00
TOTAL	58,703.00	58,703.00

ADDITIONAL INFORMATION;

a) Increase allowances for doubtful debts to GHc851,700.00

b) Provide for depreciation at the following rates:

Land and Buildings 5% on cost

Equipment and Furniture 20% on cost

Computers 33 % on cost

Motor vehicles 33 % on cost

c) Provide for Audit fees of GHc60,000.00

d) Transfer 12 of net profit after tax to Statutory Reserve Fund.

e) The corporate tax provision made in the 2010 financial statements was GHc200,000.00. This was agreed with Ghana Revenue Authority at GHc220,000.00 and fully settled in March 2011. Interim tax for 2011 based on self-assessment was settled at GHc160,000.00. Corporate tax applicable to bank is 25%.

f) Directors have agreed to pay end-of-year bonus to staff estimated at GHc72,00.00. This is yet to be paid.

g) The authorized capital is 10,000 equity shares of no par value out of which 6,000 shares have been issued and fully paid.

REQUIRED;

a) Statement of comprehensive income for the year ended 31stDecember, 2011.

b) Statement of changes in equity for the year ended 31stDecember, 2011

c) Statement of financial position as at 31st December,2011

Notes are not required but show all workings.

b) Devine Education Ltd acquired an item of plant at a cost of GH800,000 on 1 April 2016. The plant had an estimated residual value of GH50,000 and an estimated useful life of five years, neither of which has changed. Devine Education Ltd uses straight-line depreciation. On 31 March 2018, Devine Education Ltd was informed by a major customer (who buys products produced by the plant) that it would no longer be placing orders with Devine Education Ltd. Even before this information was known, Devine Education Ltd had been having difficulty finding work for this plant. It now estimates that net cash inflows earned from the plant for the next three years will be:

YEAR ENDED	GH000
31ST MARCH 2019	320
31ST MARCH 2020	250
31ST MARCH 2021	190

Devine Education Ltd has confirmed that there is no market in which to sell the plant as at 31 March 2018, but is confident that it can still be sold for its original estimated realisable value on 31 March 2021. Devine Education Ltd's cost of capital is 12%.

Required:

In line with IAS 36: Impairment of Assets, prepare relevant extracts for the plant as at 31 March 2018 after applying any impairment losses.

please answer only the b part