You have just been posted to the Office of the Accountant General Department of Jamaica. The AGD is responsible for the consolidation of Government accounts. You have been asked to analyze the information given below in the Trial Balance of the Consolidated Fund for the year ended December 31, 2017.

DESCRIPTION	DR (000)	DESCRIPTION	CR (000)
Established post salaries	6762	Direct taxes	6,941
Non-established post salaries	2,008	Indirect taxes	7,716
Casual labour cost	234	Non tax revenues	1,156
Administration cost	3,352	Grants	1,258
Conferences and seminars	1,255	Treasury bills	11,120
Foreign travel cost	745	Bonds on GSE	13,462
Grants	825	Euro bonds	7,456
Subsidies for consumption	641	Bilateral and multilateral debts	17,422
Subsidies for production	361	Trust funds and deposits	2,235
Social benefits	38
Domestic debt interest	1,453
External debt interest	1,741
Purchase of motor vehicle	247
Purchase of equipment	42
Purchase of shipping container	367
Construction of infrastructure	560
Equity and security investment	560
Loans and advances	980
Cash and bank	67
Reserves	860
Other expenditures	910
Accumulated fund	44,758
	68,766		68,766

Additional information:

1. It is the policy of the Accountant General to adopt accrual basis of preparing the public accounts of the Consolidated Fund for the first time in compliance with the Financial Administration Regulations and the International Public Sector Accounting Standards (IPSAS). The effective date is December 31, 2017.
2. The current Chart of Accounts based on the FAA 2005 is used in the classification of revenues and expenditures
3. Consumption of fixed capital charged on cost for the year has been computed as $156,000,000.
4. Direct tax revenues due to government but were not received at December 31, 2017 amounted to $49,000,000
5. An established post salary in arrears as a result of salary increment in the fourth (4th) quarter of 2017 was $56,000,000 and goods and services outstanding at the end of the year amounted to $12,000,000.00
6. The grant shown in the trial balance as expenditure represents statutory transfer to the Contingency Fund (CF). Any arrears in the CF should be treated as payable. The current rate of transfer is 7.5% on the amount received.
7. Public debt interest of $14,000,000 was due to creditors but was not paid as at December 31, 2017

Required

a) Prepare in a form suitable for publication and in accordance with the relevant Financial Laws and IPSAS:

i. Statement of Financial Performance of the Consolidated Fund for the year ended December 31, 2017 (6 marks)