Question: Help me to solve this please. I don't really understand this topic. QUESTION 5 The summarised statements of financial position of MALCOM Bhd were as

Help me to solve this please. I don't really understand this topic.


QUESTION 5 The summarised statements of financial position of MALCOM Bhd were as follows: 30 June 2018 30 June 2017 RM'000 RM'000 Freehold land 294,000 250,000 Plant and Machinery (at cost) 302,000 240,000 Fixtures and Fittings (at cost) 58,000 48,000 Inventories 104,000 74,000 Cash at bank 32,000 nil Trade receivables 88,000 86,000 878.000 698.000 Ordinary share capital 370,000 230,000 Revaluation reserve - freehold land 40,000 nil Retained profit 170,000 86,000 6% Debentures 60,000 140,000 Bank Overdraft nil 58,000 Trade payables 96,000 68,000 Tax payable 4,000 nil Accumulated depreciation: Plant and Machinery 108,000 90,000 . Fixtures and Fittings 30,000 26,000 878,000 698,000Additional information to be taken into consideration: 1. Dividend amounting RM18,000,000 was paid during the year. 2. Tax expense charged in the statement of profit or loss was RM28,000,000. 3. Freehold land costing RM55,000,000 was sold for RM60,000,000. The directors decided to revalue the freehold land in line with recent changes in market value. 4. Plant and machinery costing RM19,000,000 and having an accumulated depreciation of RM14,000,000 were sold for RM16,000,000. 5. Fixtures and fittings costing RM16,000,000 and carrying amount of RM14,000,000 were sold for RM12,000,000. 6. Part of the issued 6% debentures were redeemed on 1 January 2018. Required: Prepare the Statement of Cash Flows for the year ended 30 June 2018 using indirect method in accordance with MFRS 107 Statement of Cash Flows. (21 marks)
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