The following trial balance relates to Golden Ltd at 30th September 2018 GHS'000 GHS'000 Sales (a) 760,000 Material purchases (b) 128,000 Production labour (b) 248,000 Factory overheads (b) 160,000 Distribution costs 28,400 Administrative expenses (c) 92,800 Finance costs 700 Investment income 1,600 Leased property - at cost (b) 100,000 Plant and equipment - at cost (b) 89,000 Accumulated amortisation/depreciation at 1/10/2017 - leased property 20,000 - plant and equipment 29,000 Equity investments (e) 36,000 Inventory at 1/10/17 93,400 Trade receivables 67,100 Trade payables 55,600 Bank 4,600 Stated capital (GHS0.2) 100,000 Income surplus (1/10/2017) 67,200 Deferred tax (f) 5,400 1,043,400 1,043,400 The following notes are relevant: (a) Sales include goods sold and dispatched in September 2018 on a 30-day right of return basis. Their selling price was GHS4.8m and they were sold at a gross profit margin of 25%. In the past, Golden Ltds customers have always met their obligations under this type of agreement. (b) Non-current assets: In the course of the year, Golden Ltd produced an item of equipment for its own use. The direct materials for the equipment cost GHS6m and the labour cost GHS8m. Manufacturing overheads are 50% of direct labour cost and Golden Ltd determines the final selling price for goods by adding a mark-up on total cost of 40%. The direct materials, labour and overheads are included in the relevant expense items in the trial balance. The equipment was completed and was put to use on 1 July 2018. All plant and equipment is depreciated at 25% per annum using the straight line method with time apportionment in the year of acquisition. The management of Golden revalued the leased property in line with recent increases in market values. On 1 October 2017 an independent architect valued the leased property at GHS96m, which the management agreed to. The leased property had an original useful life of 20 years which has not changed. Revaluation 2 surplus is realised over the life of the leased property. The revaluation surplus will give rise to a deferred tax liability (see Note f). All amortisation and depreciation is charged to cost of sales. No amortisation or depreciation has yet been charged on any non-current asset for the year ended 30 September 2018. (c) In July 2018, the share price of Golden Ltd stood at GHS2.40 per share. On this date, Golden Ltd paid an interim dividend (included in administrative expenses) that was computed to give a dividend yield of 4%. (d) Closing inventory on 30 September 2018 was valued at GHS109.6m. (e) The equity investments had a fair value of GHS34.8m on 30 September 2018. During the year there were no purchases or disposals of any of these investments. (f) A provision for income tax for the year ended 30th September 2018 of GHS48.6m is required.

At 30th September 2018, the tax base of Golden Ltd's net assets was GHS30m less than their carrying amounts. This excludes the effects of the revaluation of the leased property. The income tax rate of Golden Ltd is 30%. Required:

Prepare the statement of profit or loss and other comprehensive income, the statement of financial position and the statement of changes in equity for Golden Ltd for the year ended 30th September 2018.