The following information relates to DERAY LIMITED, use it to answer the questions that follow. STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER 2017 2016 2017 (GHS, 000) (GHS, 000) Assets Non-current assets Property, plant and equipment 1,882,574 2,267,833 Intangible assets 333,717 340,305 Prepayment 260 IRU assets 37,913 60,555 2,254,464 2,668,693 Current assets Inventories 27,463 20,300 Trade and other receivables 322,604 379,904 Income tax asset 179,002 National stabilization levy receivable 3,819 Cash and cash equivalents 151,671 196,730 Total assets 2,756,202 3,448,448 Equity Stated capital 1,363 1,363 Retained earnings 1,622,506 1,867,274 1,623,869 1,868,637 Non-current liabilities Borrowings 337,164 Deferred tax liabilities 216,976 237,229 Provisions 3,770 3,770 Deferred de- IRU 7,542 220,746 585,705 Current liabilities CS Scanned with CamScanner Trade and other payables 608,815 862,568 Borrowings 159,075 Deferred revenue 75,248 90,745 Provisions 26,686 40,793 Current income tax liabilities 41,763 911,587 994,106 Total liabilities 1,132,333 1,579,811 Total equity and liabilities 2,756,202 3,448,448 Additional information: 1. The company declared GHS542, 512,000 and GHS714, 768,000 net profit in 2016 and 2017 respectively. 2. In 2017, the company issued new shares of 100,000 at 0.50p each where only 80% of them were subscribed 3. The company also paid dividend of GHS199,000,000 and GHS401,000,000 in 2016 and 2017 respectively. REQUIRED Prepare the reformulated statement of shareholder's equity for DERAY LIMITED for 2016 and 2017. CS Scanned with CamScanner The following information relates to DERAY LIMITED, use it to answer the questions that follow. STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER 2017 2016 2017 (GHS, 000) (GHS, 000) Assets Non-current assets Property, plant and equipment 1,882,574 2,267,833 Intangible assets 333,717 340,305 Prepayment 260 IRU assets 37,913 60,555 2,254,464 2,668,693 Current assets Inventories 27,463 20,300 Trade and other receivables 322,604 379,904 Income tax asset 179,002 National stabilization levy receivable 3,819 Cash and cash equivalents 151,671 196,730 Total assets 2,756,202 3,448,448 Equity Stated capital 1,363 1,363 Retained earnings 1,622,506 1,867,274 1,623,869 1,868,637 Non-current liabilities Borrowings 337,164 Deferred tax liabilities 216,976 237,229 Provisions 3,770 3,770 Deferred de- IRU 7,542 220,746 585,705 Current liabilities CS Scanned with CamScanner Trade and other payables 608,815 862,568 Borrowings 159,075 Deferred revenue 75,248 90,745 Provisions 26,686 40,793 Current income tax liabilities 41,763 911,587 994,106 Total liabilities 1,132,333 1,579,811 Total equity and liabilities 2,756,202 3,448,448 Additional information: 1. The company declared GHS542, 512,000 and GHS714, 768,000 net profit in 2016 and 2017 respectively. 2. In 2017, the company issued new shares of 100,000 at 0.50p each where only 80% of them were subscribed 3. The company also paid dividend of GHS199,000,000 and GHS401,000,000 in 2016 and 2017 respectively. REQUIRED Prepare the reformulated statement of shareholder's equity for DERAY LIMITED for 2016 and 2017. CS Scanned with CamScanner