5.8 The following financial statements relate to Regent Bhd Statement of Profit

Question

5.8 The following financial statements relate to Regent Bhd Statement of Profit or Loss and Other Comprehensive Income for the Year Ended 31 December x3 RM 710 Material consumed Staff cost Depreciation Gain on disposal of plant Impairment loss of intangibles Other operating expenses (148) (65) (63) 240 (14) Interest expense Interest income Taxation (64) 168 14 182 Surplus on revaluation of property Total comprehensive income Statements of Financial Position as at 31 December RM m 542 548 RM m Non-current assets Property, plant and equipment Intangible assets 400 Current assets Inventories Trade receivables Interest receivables Investments Cash Total assets 310 4 42 alance 190 742 1,290 576 984 Ordinary shares of RM1 each Share premium Revaluation reserve Retained profits Long-term loans Finance lease creditor Deferred tax 180 128 14 110 186 84 40 100 24 819 20 Current liabilities Trade payables Tax payable Interest payable Finance lease creditor Bank overdraft 432 6 10 16 324 471 1,290

Explanation / Answer

2.

384

3. The Indirect method provide a realistic cash flow basis and provide reco between profits and cashflow adn prescribed by the standard

4.Transfer of profits, depreciation, amotisation, revaluation of assets and P&L transfer to reserves

Cash flow from Operating Activities Sales 710 Increase in Trade Receivables -42 Cash Collections 668 Cost of Goods Sold 200 Decrease in Inventories -30 Increase in Trade Payables -162 Cash Purchases 8 Staff Cost 148 Other Operating Expenses 63 Increase in Finance Lease Creditor - Current -4 Cash Payment for Operations 207 Interest Income -6 Decrease in Interest Receivable 2 Interest Expense 14 Increase in Interest Payable -2 Cash Interest 8 Income Tax 64 Increase in Tax payable -3 Cash Payment for Income Taxes 61 Net Cashflow from Operarting Activities 384 Cash flow from Investing Activities Purchase of PPE -110 Proceeds from Sale of Assets 40 Increase in Investments -302 Net Cash used in Investing -372 Cash flow from Financing activities Proceeds from Issuance of Shares 58 Payment to long term loan -40 Increase in Finance Lease Creditor 16 Net Cash used in Financing activities 34 Cash flow 46 Add: Opening Cash and Bank D -38 Closing Cash Balance 8

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