Water River Stream GHC'000 GHC'000 GHC'000 Property Plant and Equipment 1,465 1,060 1,050 Investment 2,550 - - Inventory 270 230 200 Receivables 100 340 400 Cash 160 50 140 Total Assets 4,545 1,680 1,790 Share Capital(GHC per share) 1,800 500 250 Capital Surplus 250 80 - Income Surplus 1,145 400 1,200 Non-current Liabilities 500 300 - Trade payables 520 330 250 Income tax 330 70 90 Total Equity and Liabilities 4,545 1,680 1,790 Non-Current Assets Current Assets: Equity: Current Liabilities: 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 price of 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