Set out below are the financial statements of Signal Sdn Bhd. You are the financial controller,...

  

 

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Set out below are the financial statements of Signal Sdn Bhd. You are the financial controller, faced with the task of implementing MFRS 107 Statement of Cash Flows. Signal Sdn Bhd Statement of Comprehensive Income for The Year Ended 31 December 2020 RM'000 Revenue Cost of sales Gross profit Distribution costs Administrative expenses Interest received 9,800 (6,780) 3,020 (300) (230) 550 (185) 2,855 Finance costs Profit before taxation Taxation (555) 2,300 Profit for the period Other comprehensive income: Surplus on revaluation of property Total comprehensive income for the period 300 2,600 ...4/- Signal Sdn Bhd Statement of Financial Position As At 31 December 2019 RM'000 2020 RM'000 Assets Non-current assets Property, plant and equipment Intangible assets Investments 1,120 475 600 425 90 75 Current assets Inventories Receivables 450 480 390 120 415 150 500 Short-term investments Cash balances 420 Total assets 3,065 2,645 Equity and liabilities Equity Share capital Revaluation reserve Retained earnings 800 400 700 100 738 816 Non-current liabilities Loan 700 600 Current liabilities Trade payables Taxation 307 319 110 120 Total equity and liabilities 3,065 2,645 The following information is available: 5/5 tures and fittings, with an original cost of RM250,000 and a carrying ount of RM140,000, were sold for RM180,000 during the year. (ii) The following information relates to property, plant and equipment: Cost Accumulated depreciation Carrying amount 31.12.2020 RM'000 1,680 (560) 1,120 31.12.2019 RM'000 1,090 (490) 600 100,000 ordinary shares were issued during the year. ...5/- BAC306/05 (iv) Signal Sdn Bhd classifies interest paid as an operating cash flow, dividends paid as a financing cash flow and interest and dividends received as investing cash flows. Required: Prepare a statement of cash flows for the year ended 31 December 2020 in accordance with the requirements of MFRS 107, Statement of Cash Flows, using the indirect method. (Show all relevant workings) [40 marks] Set out below are the financial statements of Signal Sdn Bhd. You are the financial controller, faced with the task of implementing MFRS 107 Statement of Cash Flows. Signal Sdn Bhd Statement of Comprehensive Income for The Year Ended 31 December 2020 RM'000 Revenue Cost of sales Gross profit Distribution costs Administrative expenses Interest received 9,800 (6,780) 3,020 (300) (230) 550 (185) 2,855 Finance costs Profit before taxation Taxation (555) 2,300 Profit for the period Other comprehensive income: Surplus on revaluation of property Total comprehensive income for the period 300 2,600 ...4/- Signal Sdn Bhd Statement of Financial Position As At 31 December 2019 RM'000 2020 RM'000 Assets Non-current assets Property, plant and equipment Intangible assets Investments 1,120 475 600 425 90 75 Current assets Inventories Receivables 450 480 390 120 415 150 500 Short-term investments Cash balances 420 Total assets 3,065 2,645 Equity and liabilities Equity Share capital Revaluation reserve Retained earnings 800 400 700 100 738 816 Non-current liabilities Loan 700 600 Current liabilities Trade payables Taxation 307 319 110 120 Total equity and liabilities 3,065 2,645 The following information is available: 5/5 tures and fittings, with an original cost of RM250,000 and a carrying ount of RM140,000, were sold for RM180,000 during the year. (ii) The following information relates to property, plant and equipment: Cost Accumulated depreciation Carrying amount 31.12.2020 RM'000 1,680 (560) 1,120 31.12.2019 RM'000 1,090 (490) 600 100,000 ordinary shares were issued during the year. ...5/- BAC306/05 (iv) Signal Sdn Bhd classifies interest paid as an operating cash flow, dividends paid as a financing cash flow and interest and dividends received as investing cash flows. Required: Prepare a statement of cash flows for the year ended 31 December 2020 in accordance with the requirements of MFRS 107, Statement of Cash Flows, using the indirect method. (Show all relevant workings) [40 marks]

Answer rating: 100% (QA)

Statement of Cash Flows For the Year ended Dec 31 2020 A Cash Flows from Operating Activity Net Income 2300 Adjustments to reconcile net income to net ... View the full answer