Total Ltd. has acquired holdings in the following companies: Add Ltd. 68% of the ordinary share capital acquired on 1 February 2014 for GH 6 million cash. Total Ltd also acquired 20% of the preference share capital on the same date for GH1 million cash. Sum Ltd. 25% of the ordinary share capital acquired on 10 March 2015 for GH2 million cash. The Draft Statements of Financial Position for the Companies as at 31 December 2015 were as follows: Total Ltd Add Ltd Sum Ltd GH000 GH000 GH000 Non- current assets Freehold property 15000 8000 2000 Fixtures and fittings 27000 10000 1000 Investments 9000 Current assets Stocks 4000 2500 500 Debtors 8500 1700 400 Cash _ 700 _ Current liabilities (5000) (1300) (200) Long-term liabilities (5500) (1000) (300) 53000 20600 3400 Financed by: Ordinary shares of GH1 each 35000 12000 1500 Preference shares of GH1 each 5000 3000 300 Revaluation reserve 10000 3000 Profit and loss account 3000 2600 1600 53000 20600 3400 Additional information: Total Ltd.s investments were acquired when the reserves of the companies were: Add Ltd Sum Ltd GH000 GH000 Revaluation reserve 1500 - Profit and loss account (2000) 600 The fair value of the freehold property in Add Ltd was GH1.5 million above book value at the date of acquisition; all of this related to the land element of the property. Total Ltd sold various items of fixtures and fittings to Add Ltd for GH750000 on 31 March 2014. The assets were invoiced at cost plus 25%. It is the groups policy to depreciate that class of asset at a rate of 25% per annum. Requirements: a.Prepare the consolidated statement of financial position as at 31 December 2015.

b.Distinguish between control and significant influence.