GOL Bhd. GOL Bhd. is a listed company in the main market of Bursa Malaysia. Below...
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GOL Bhd. GOL Bhd. is a listed company in the main market of Bursa Malaysia. Below are the financial statements of GOL Bhd. The company closes its accounts on 31 December each year. GOL Bhd. Statement of Financial Position as of 31 December 2021 Non-current assets Property, plant and equipment intangible assets investments Current Assets Inventories Trade receivables Investments Interest receivable Tax recoverable Cash at bank Total Assets Equity Share Capital Reserves Long-term liabilities Finance lease liability 12% bond Deferred tax Employee retirement benefits Current liabilities Trade payable Interest payable Bank loan Overdraft Finance lease creditor Tax payable Total equity and liabilities 2020 RM'000 28,000 40,000 11,800 11,500 13,500 15,000 53,300 66,500 2021 RM'000 10,400 10,500 11,600 11,500 10,350 10,600 10,030 10,020 20 10,070 10,230 52,450 52,870 105,750 119,370 23,200 27,700 16,700 20,270 39,900 47,970 11,190 11,500 12,000 700 15,000 1,500 10,200 10,900 34,090 38,900 10,850 10,050 300 150 10,400 10 10,700 10,100 800 400 10,500 31,760 32,500 105,750 119,370 GOL Bhd. Statement of Profit and Loss For the year ended 31 December 2021 Sales Cost of Sales Distribution expenses Administrative expenses Other operating expenses Interest expenses Gain on disposal of long-term investment Dividend income Interest income Income tax Profit after tax Opening Balance Revaluation Depreciation Carrying amount of plant disposal Acquisition RM'000 20,000 (8,000) 12,000 (2.000) (1,000) (1.600) 7,400 (500) Additional Information: i. Detailed information of the company's plant, properties and equipment are as follow; Opening Balance Revaluation Depreciation 600 200 100 Carrying amount of plant disposal Acquisition 7,800 (2,200) 5.600 RM'000 The plant was disposed of at a loss of RM700,000. Plant acquired through finance lease was RM2,500,000. 28,000 1,500 (1,200) (12,000) 23,700 ii. Long-term investment of carrying amount RM1,000,000 was disposed of at profit. iii. The dividend paid is RM3,530,000. iv. Other operating expenses are as follow; RM'000 28,000 1,500 (1.200) (12,000) 23,700 Required to prepare the Statement of Cash Flow for the year ended 31 December 2021. GOL Bhd. GOL Bhd. is a listed company in the main market of Bursa Malaysia. Below are the financial statements of GOL Bhd. The company closes its accounts on 31 December each year. GOL Bhd. Statement of Financial Position as of 31 December 2021 Non-current assets Property, plant and equipment intangible assets investments Current Assets Inventories Trade receivables Investments Interest receivable Tax recoverable Cash at bank Total Assets Equity Share Capital Reserves Long-term liabilities Finance lease liability 12% bond Deferred tax Employee retirement benefits Current liabilities Trade payable Interest payable Bank loan Overdraft Finance lease creditor Tax payable Total equity and liabilities 2020 RM'000 28,000 40,000 11,800 11,500 13,500 15,000 53,300 66,500 2021 RM'000 10,400 10,500 11,600 11,500 10,350 10,600 10,030 10,020 20 10,070 10,230 52,450 52,870 105,750 119,370 23,200 27,700 16,700 20,270 39,900 47,970 11,190 11,500 12,000 700 15,000 1,500 10,200 10,900 34,090 38,900 10,850 10,050 300 150 10,400 10 10,700 10,100 800 400 10,500 31,760 32,500 105,750 119,370 GOL Bhd. Statement of Profit and Loss For the year ended 31 December 2021 Sales Cost of Sales Distribution expenses Administrative expenses Other operating expenses Interest expenses Gain on disposal of long-term investment Dividend income Interest income Income tax Profit after tax Opening Balance Revaluation Depreciation Carrying amount of plant disposal Acquisition RM'000 20,000 (8,000) 12,000 (2.000) (1,000) (1.600) 7,400 (500) Additional Information: i. Detailed information of the company's plant, properties and equipment are as follow; Opening Balance Revaluation Depreciation 600 200 100 Carrying amount of plant disposal Acquisition 7,800 (2,200) 5.600 RM'000 The plant was disposed of at a loss of RM700,000. Plant acquired through finance lease was RM2,500,000. 28,000 1,500 (1,200) (12,000) 23,700 ii. Long-term investment of carrying amount RM1,000,000 was disposed of at profit. iii. The dividend paid is RM3,530,000. iv. Other operating expenses are as follow; RM'000 28,000 1,500 (1.200) (12,000) 23,700 Required to prepare the Statement of Cash Flow for the year ended 31 December 2021.
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GOL Bhd Statement of Cash Flows For the Year Ended 31 December 2021 Cash Flows from Operating Activi... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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