***PLEASE DO NOT USE EXCEL SOFTWARE TO COMPLETE THESE QUESTIONS. HANDWRITTEN IS PREFERABLE. THANK YOU! EXCEL CAN BE USED BUT NOT SO MUCH.. THANKS

QUESTION 4 - SEPT 2012 The following are the statement of comprehensive income and statement of changes in equity of Jamil Bhd and Jamilah Bhd for the year ended 30 April 2012. Statement of Comprehensive Income for the year ended 30 April 2012 Sales Cost of sales Gross profit Dividend income Audit fees income Jamilah Bhd RM 800,000 (300,000) 500,000 6,000 Jamil Bhd RM 1,200,000 (400,000) 800,000 30,000 10,000 840,000 (120,000) (30,000) (10,000) 680,000 (170,000) 510,000 Administrative expenses Selling expenses Finance cost Profit before taxation Taxation Net profit for the year 506,000 (60,000) (25,000) (11,000) 410,000 (110,000) 300,000 Statement of changes in equity for the year ended 30 April 2012 (extract) Jamil Bhd RM 200,000 510,000 710,000 Jamilah Bhd RM 125,000 300,000 425,000 Retained profit brought forward Net profit for the year Appropriations: Preference dividends Ordinary dividends Transfer to general reserves Retained profit carried forward (20,000) (50,000) (30,000) 610,000 (16,000) (20,000) (15,000) 374,000 Additional information: 1. The paid-up capital of both companies are as follows: Jamil Bhd Jamilah Bhd RM RM 8% Preference shares of RM1 each 250,000 200,000 Ordinary shares of RM1 each 1,000,000 400,000 Jamil Bhd acquired 70% of the ordinary shares and 40% of the preference shares of Jamilah Bhd on 1 May 2011. 2. 3. Included in the sales of Jamil Bhd was a sale of inventories at an invoice price of RM200,000 to Jamilah Bhd. Jamil Bhd made RM25,000 profit from this sale. At the end of the accounting year, 20% of the inventories have been sold by Jamilah Bhd. During the year, Jamil Bhd had rendered audit services to Jalil Bhd. 4. 5. Included in the dividend income of Jamil Bhd were preference shares and ordinary shares' dividend from Jamilah Bhd. Required: vi. Consolidated Statement of Comprehensive Income of Jamil Bhd Group for the year ended 30 April 2012 (10 marks) vii. Statement of Changes in Equity of the group (extract) showing the group retained profit as at 30 April 2012. (6 marks) (Total: 16 marks)