CHAPTER THREE Financial Forecasting and Planning November 2005: Section B. Q 2(a) Prepare a pro forma balance sheet for Restu Berhad for the year 2005. All the relevant information is given below: Restu Berhad Balance Sheet As At 31 December 2004 (RM) Cash 100,000 150000(50000) 130,000 000 (65000) Marketable securities 5000 (75000) Accounts receivable Accounts payable 336 000(110000) 220,000 Accruals 150 000 (50000) Notes payable 100,000 150,000 300,000 0000 (160 000) Inventories 320,000 Long term debt Fixed assets (net) 470,000 850,000 5000 (425000) Common stock 310,000 Retained earnings 150,000 TOTAL ASSETS 1,550,000 TOTAL LIAB. & EQUITY 1,550,000 i) Sales for 2004 were RM10 million and it was expected to increase to RM15 million in 2005. The company is operating at full capacity. ii) Net income for 2004 was RM500,000. iv) Cash dividend for shareholders in 2004 amounted to RM200,000. (12 marks) November 2005: Section B. Q 2(a) Prepare a pro forma balance sheet for Restu Berhad for the year 2005. All the relevant information is given below: Restu Berhad Balance Sheet As At 31 December 2004 (RM) Cash 100,000 Accounts payable 220,000 Marketable securities 130,000 Accruals 100,000 Accounts receivable 150,000 Notes payable 300,000 Inventories 320,000 Long term debt 470,000 Fixed assets (net) 850,000 Common stock 310,000 Retained earnings 150,000 TOTAL LIAB. & EQUITY 1,550,000 1,550,000 TOTAL ASSETS