The following scenario relates to questions 1-5 On 1 April 2014 Abena acquired 75% of Kweku's equity shares in a share for share exchange. Abena issued 2 shares for every 5 acquired in Kweku. Abena's share price on 1 April 2014 was Ghs6.30. The share exchange has not yet been recorded. Extracts from the individual financial statements of Abena and Kweku as at 30 September 2014 are shown below. Abena Kweku Ghs000 Ghs000 Property, plant and equipment 635,000 321,000 Trade receivables 51,400 42,000 Equity shares of Ghsl each 190,000 18,000 Other components of equity (share premium) 8,000 3,000 (i) During the year, Abena traded with Kweku, and had a payable of Ghs5 million at 30 September 2014. Kweku's receivable balance differed from this due to a Ghs 1.5 million payment from Abena not being received until October 2014. (ii) Abena measures the non-controlling interest at fair value. At the date of acquisition thiswas Ghs6.8 million. (iii) Kweku made a profit of Ghs26 million for the year ended 30 September 2014. (iv) Abena sold an item of plant to Kweku on 1 April 2014 for Ghs22 million when its carrying amount was Ghs19 million. It had a remaining useful life of 5 years at this date. (v) Abena also owns 40% of Arnold, an unrelated entity. Abena are not able to appoint any members of the board of Arnold as the other 60% is held by another investor who is able to appoint all members of the board. 1. What will be reported as other components of equity on the consolidated statement of financial position as at 30 September 2014? 2. What will be reported as receivables on the consolidated statement of financial position as at 30 September 2014? Ghs ,000 3. What will be reported as non-controlling interest on the consolidated statement of financial position as at 30 September 2014? 4. What will be reported as property, plant and equipment on the consolidated statement of financial position as at 30 September 2014? Ghs ,000 5. How should the investment in Arnold be recorded in the consolidated statement of financial position of Abena? 2