The statements of financial position of three entities as at 30th November 2014 are as follows.

Water River Stream

GHC'000 GHC'000 GHC'000

Non-Current Assets

Property Plant and Equipment 1,465 1,060 1,050

Investment 2,550 (water)

Current Assets:

Inventory 270 230 200

Receivables 100 340 400

Cash 160 50 140

Total Assets 4,545 1,680 1,790

Equity

Share Capital (GHC 1 share) 1,800 500 250

Capital Surplus 250 80 -

Income surplus 1,145 400 1,200

3,195 980 1,450

Non- Current Liabilities 500 300 -

Current Liabilities

Trade Payables 520 330 250

Income Tax 330 70 90

Total Equity & Liabilities 4,545 1,680 1,790

Additional Information

1. Water acquired 85% of River on 1 December, 2011 paying GHC 6 cash per share. At this date, the

balance on River's income surplus was GHC 270,000

2. On 1 March 2014 Water acquired 30% of Streams equity shares. The consideration was settled by

a share exchange of 4 new shares in water for every 3 shares acquired in stream. The share priceof Water at the date of acquisition was GHC 5. Water has not yet recorded the acquisition of

stream in its books. Stream's profit after tax for the year ended 30 November 2014 was GHC

600,000

3. At 1 December 2009, Plant in the books of River was determined to have a fair value of GHC

50,000 in excess of carrying value. The plant had a remaining life of 5 years at this time

4. During the year, river sold goods to Water for GHC 400,000 at a mark-up of 25%. Water had a

quarter of these goods still in inventory at the reporting date.

5. In September 2014, Stream sold goods to water for GHC 150,000. These goods had cost Stream

GHC 100,000. Water GHC 90,000 (at Cost to Water) in inventory at the reporting date

6. As a result of the above inter-company sales, Water's books showed GHC 50,000 and GHC

20,000 as owing to River and Stream respectively at the reporting date. These balances agreed

with the amounts recorded in River's and Stream's books

7. The NCI holding in River was valued at its fair value of GHC 300,000 at acquisition. At reporting

date goodwill was determined to have suffered an impairment loss of GHC 20,000

8. At reporting date, the investment in associate was impaired by GHC 15,000

Required

Prepare the consolidated statement of financial position as at 30 November 2014