1) A Statement of Financial Performance for the year ended 31st December, 2019; ii) A statement of Changes in Net Asset and Equity for the year ended 31 December, 2019; ii) A Statement of Financial Position as at 31 December, 2019; and
Mpuntuo Municipal Assembly (MMA) is a subnational level institution in Ghana which is in the process of preparing its financial statements for year ended 31 December, 2019. Below is the Assembly's most recent
Rent of residential accommodation Utilities and office consumables Accumulated fund Foreign travels cost and per diem Special social interventions Interest on fixed deposits GCB Loan 2,200 2.900 58,810 860 380 6,500 12.000 604.070 604.070 Additional information The following additional information has been made available: 1. The fixed deposit amounting to GHc 15million was made with Sika Bank on July 14, 2019 at the rate of 20% per annum. Interest is receivable every three months. The last quarter interest is yet to be received 2. Consumption of fixed capital on all non-current assets are charged at 20% per annum on a straight line basis. 3. During the year, newly constructed market stores were let out to traders who paid two years rent in advance on July 1st 2019 and this rent will expire on June 30th, 2021. 4. Revenues are classified in line with the provisions of the Local Governance Act, 2016, (Act 5. Inventories of stationery and printing materials for use available at the end of the year was as follows: 936). Historical Cost Replacement Cost Net Realisable value GHC million 800 600 500 You are required to prepare, in a format suitable for external use, and in accordance with the Public
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