Question: URGENT URGENT!!! PLEASE HELP!!! QUESTION 4 (20 MARKS) Given below are the financial statements of Mehdia Group. Consolidated Statement of Financial Position as at 31

 URGENT URGENT!!! PLEASE HELP!!! QUESTION 4 (20 MARKS) Given below arethe financial statements of Mehdia Group. Consolidated Statement of Financial Position asat 31 December 2020 RM'000 Ordinary share capital 16,000 Retained profit 6,400

URGENT URGENT!!! PLEASE HELP!!!

QUESTION 4 (20 MARKS) Given below are the financial statements of Mehdia Group. Consolidated Statement of Financial Position as at 31 December 2020 RM'000 Ordinary share capital 16,000 Retained profit 6,400 22,400 Non controlling interest 2,300 2019 RM'000 11,000 2,500 13,500 2,000 10% debentures Deferred taxation 300 2,100 500 1,800 Current liabilities: Overdraft Trade payables 600 600 28,300 1,100 800 19,700 Goodwill on consolidation Non-current assets Investment in associate companies Short term investment (more than 6 months) Inventory Trade receivables Bank 600 10,700 4,600 3,500 3,100 2,200 3,600 28,300 1,000 11,000 2,400 1,000 2,500 1,800 19,700 6 Consolidated Statement of Profit or Loss for the Year Ended 31 December 2020 2020 RM000 Turnover 19,700 Cost of sales -10.000 Gross profit 9,700 Other operating expenses -3.000 Operating profit 6.700 Share of profit of associates 500 Gain on disposal of subsidiary 800 Interest payable and similar charges -300 Profit before taxation 7,700 Taxation - group -2.000 Profit after taxation 5.700 Profit after tax attributable to: Group Non-controlling interest Profit after taxation 4.700 1.000 5.700 Additional information : 1. Included in the expenses are the following: a Impaiment of goodwill on consolidation od subsidiaries of RM200.000 b. Depreciation of non-current assets of RM1,200,000. c. Gain on disposal of non-current assets. 2. Share of profit of associates of RM500,000 is net of impairment of RM100.000 3. On 1 April 2020, Mehdia acquired a 30% interest in Buddy Bhd for which Mehdia paid cash of RM200,000. The net assets of Buddy on 1 April 2020 included cash of RM1,350,000 4. Non-current assets of carrying amount RM1,500,000 were sold for cash RM1,800,000 during the year. 5. In September 2020, Mehdia sold all its interest in 80% owned subsidiary Lola Bhd and received cash of RM3,400,000. The carrying value of the remaining goodwill was RM200.000 The net assets of Lola Bhd on that date were: RM 000 Non-current assets 2.600 Inventory 500 Trade receivables 280 Bank 500 Tax payable (500) 10% debenture (200) Trade payables (180) Required: Prepare the group statement of cash flow for the year ended 31 December 2020 using indirect method (20 marks)

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