The Trial Balance below relates to the Controller and Accountant General for the Consolidated
Fund for the year ended 31st December 2019.
GHC'000 GHC'000
Income taxes 21,200
Export duties 42,100
Gift tax 100
Rent Tax 560
Import duties 68,000
Fines and Penalties 230
Grants 52,200
Company tax 35,600
District assembly common fund 37,300
Get fund 18,700
Compensations for employees 72,000
Trust fund Investment (01/01/19) 31,000
Equity investment (01/01/19) 13,400
Advances (01/01/19) 3,400
Loans (01/01/19) 2,000
Bank and cash (01/01/19) 150
Domestic debt interest 8,000
External debt debt interest 12,000
External debt (01/01/19) 70,000
Domestic debt (01/01/19) 25,000
Fuel Subsidies 24,400
SFF contribution 500
Trust Tund 41,000
Administrative cost 26,800
Conferences and workshops 16,500
Purchase of Vehicles 34,000
Purchase of plant and equipment 12,000
Rentals 1,200
Foreign travels 35,000
Independence day celebration 15,000
National awards 8,900
Accumulated fund (01/01/19) 12,860

Additional Information
i) The government is first time adopting the full accrual basis of accounting in accordancewith the International Public Sector Accounting Standards (IPSAS).
ii) Domestic debt interest and external debt interest amounting to GHc3,200,000 andGHc1,250,000 respectively was due but not paid as result of financial constraints duringthe year.
iii) The government is required to transfer 5% of total tax revenues to the district assemblycommon fund during the year.
v) It is the policy of government to charge depreciation on all non-financial assets at these rates per annum: Property plant and equipment 20% on cost, Motor vehicles 10% on  cost.
v) Salaries and other emoluments outstanding during the year amounted to GHc200,000,000 whiles that of goods and services amounted to GHc120,000,000.
vi) Payments for administrative cost included rental payments in respect of whichGHc3,000,000 related to two years from July 1st 2019 to June 30th 2021
vii) Taxes that had been assessed as payable by tax payers for the fiscal year 31/12/19 but which were still outstanding were:
GHc’000
Income taxes 3,000
Export duties 4,000
Import duties 6,000
Company tax 2,000
Evidence from past experience shows that 20% of the outstanding taxes are unlikely to bereceived by the government of Ghana.

Required:
Prepare in a form suitable for publication and in accordance with Accrual bases IPSAS and the  financial enactments of Ghana:
i) Statement of Financial Performance for the year ended 31st December, 2019
ii) Statement of Financial Position as at 31st December, 2019.
iii) Notes to the account