Binder Bhd Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year 31...

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Binder Bhd Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year 31 December 2023 Sales RM 25,687,000 (14,118,000) Cost of good sold Gross profit 11,569,000 Other Income 542,000 Selling and distribution expenses (1,806,000) Administrative and general expenses (2,956,000) Loss on disposal of investment (100,000) Share of profit of associate Interest income Interest expenses Profit before tax Tax expenses 336,000 149,000 (749,000) 6,985,000 (888,000) 6,097,000 Profit for the year Profit after tax attributable to: Equity holders of parent 5,400,000 Non controlling interest 697,000 6,097,000 Binder Bhd Consolidate Statement of Financial Position as at 31 December 2022 and 2023 2022 RM 2023 RM Non-current assets Property, plant and equipment Investment 8,273,000 13,224,000 1,460,000 800,000 Goodwill 240,000 160,000 Investment in Associate 420,000 900,000 Total Non-current assets 10,393,000 15,084,000 Current assets Inventories 680,000 788,200 Trade and other receivables 445,000 322,000 Short-term investment 30,000 58,000 Bank 591,000 922,800 Total Current assets 1,746,000 2,091,000 Total Assets 12,139,000 17,175,000 Equity 5% Preference shares 2,040,000 3,000,000 Ordinary shares capital 2,700,000 4,500,000 Retained profits 4,370,000 6,280,000 Revaluation reserve 465,000 958,000 Non-controlling interest 678,000 730,000 Total Equity 10,253,000 15,468,000 Non-current liabilities 5% Redeemable preferences shares 350,000 Total Non-current liabilities 350,000 Current liabilities Trade and other payables Bank overdraft Dividend payables Tax payables Total Current liabilities Total Equity and Liabilities 688,000 538,000 62,000 85,000 342,000 652,000 444,000 432,000 1,536,000 1,707,000 12,139,000 17,175,000 Additional information: (i) Included in the administrative and general expenses were depreciation of property, plant and equipment of RM1,056,000. During the year 2023, one of the motor vehicle with carrying amount of RM76,000 was sold for RM110,000 by cheque. A machine was sold for RM650,000 which its carrying amount at the point of disposal was RM552,000. The increase in property, plant and equipment was due to acquisition of new and revaluation of asset. (ii) The 5% redeemable preferences shares were redeemed. The redemption was financed out of profit only. (iii) On 1 July 2023, the company acquired 300,000 of the 1,000,000 ordinary shares in Clip Bhd in which it was able to exert significance influence. This acquisition has been purchased using cash. Clip Bhd declared and paid dividend of RM700,000 for the year ended 31 December 2023. (iv) On 1 June 2023, Binder Bhd acquired 1,080,000 of the 1,350,000 ordinary shares in Niso Bhd for a cash payment of RM1,425,000 and share exchange of one ordinary share in Binder Bhd for every ten ordinary shares acquired in Niso Bhd. The detail is as follows: Property, plant and equipment Inventories Trade receivables Cash and cash equivalents RM 1,760,000 734,000 484,000 1,480,000 Trade payables Tax payables Ordinary share in Binder Bhd Ordinary share in Niso Bhd 374,000 171,000 RM1.50 per share RM1.30 per share (v) It is the group's policy to not measure the non-controlling interest at fair value. Required: Prepare the Consolidated Statement of Cash Flow for Binder Group Bhd for the year ended 31 December 2023 in accordance with MFRS107 Statement of Cash Flows using indirect method. Show all relevant workings. Binder Bhd Consolidated Statement of Profit or Loss and Other Comprehensive Income for the year 31 December 2023 Sales RM 25,687,000 (14,118,000) Cost of good sold Gross profit 11,569,000 Other Income 542,000 Selling and distribution expenses (1,806,000) Administrative and general expenses (2,956,000) Loss on disposal of investment (100,000) Share of profit of associate Interest income Interest expenses Profit before tax Tax expenses 336,000 149,000 (749,000) 6,985,000 (888,000) 6,097,000 Profit for the year Profit after tax attributable to: Equity holders of parent 5,400,000 Non controlling interest 697,000 6,097,000 Binder Bhd Consolidate Statement of Financial Position as at 31 December 2022 and 2023 2022 RM 2023 RM Non-current assets Property, plant and equipment Investment 8,273,000 13,224,000 1,460,000 800,000 Goodwill 240,000 160,000 Investment in Associate 420,000 900,000 Total Non-current assets 10,393,000 15,084,000 Current assets Inventories 680,000 788,200 Trade and other receivables 445,000 322,000 Short-term investment 30,000 58,000 Bank 591,000 922,800 Total Current assets 1,746,000 2,091,000 Total Assets 12,139,000 17,175,000 Equity 5% Preference shares 2,040,000 3,000,000 Ordinary shares capital 2,700,000 4,500,000 Retained profits 4,370,000 6,280,000 Revaluation reserve 465,000 958,000 Non-controlling interest 678,000 730,000 Total Equity 10,253,000 15,468,000 Non-current liabilities 5% Redeemable preferences shares 350,000 Total Non-current liabilities 350,000 Current liabilities Trade and other payables Bank overdraft Dividend payables Tax payables Total Current liabilities Total Equity and Liabilities 688,000 538,000 62,000 85,000 342,000 652,000 444,000 432,000 1,536,000 1,707,000 12,139,000 17,175,000 Additional information: (i) Included in the administrative and general expenses were depreciation of property, plant and equipment of RM1,056,000. During the year 2023, one of the motor vehicle with carrying amount of RM76,000 was sold for RM110,000 by cheque. A machine was sold for RM650,000 which its carrying amount at the point of disposal was RM552,000. The increase in property, plant and equipment was due to acquisition of new and revaluation of asset. (ii) The 5% redeemable preferences shares were redeemed. The redemption was financed out of profit only. (iii) On 1 July 2023, the company acquired 300,000 of the 1,000,000 ordinary shares in Clip Bhd in which it was able to exert significance influence. This acquisition has been purchased using cash. Clip Bhd declared and paid dividend of RM700,000 for the year ended 31 December 2023. (iv) On 1 June 2023, Binder Bhd acquired 1,080,000 of the 1,350,000 ordinary shares in Niso Bhd for a cash payment of RM1,425,000 and share exchange of one ordinary share in Binder Bhd for every ten ordinary shares acquired in Niso Bhd. The detail is as follows: Property, plant and equipment Inventories Trade receivables Cash and cash equivalents RM 1,760,000 734,000 484,000 1,480,000 Trade payables Tax payables Ordinary share in Binder Bhd Ordinary share in Niso Bhd 374,000 171,000 RM1.50 per share RM1.30 per share (v) It is the group's policy to not measure the non-controlling interest at fair value. Required: Prepare the Consolidated Statement of Cash Flow for Binder Group Bhd for the year ended 31 December 2023 in accordance with MFRS107 Statement of Cash Flows using indirect method. Show all relevant workings.