1.1.1.2.1.3.1.4.3.5.1.6.1.7.1.8.1.9.1. 10:1:11:1.12. 13:1.14.1-15-14+17:18 On 1 January 2017, VMS Bod, owns 50% of JV So Bhd., the joint venture. The following are the financial statements of VMS Bhd, and IV Sdn Bhd. at 31 December 2017 Statement of Financial Position 31 December 2017 VMS Bba. JV So Bhd RM 000 RM 000 160 Non-Current Assets Investment at IV at cost Current Assets 1,000 60 340 120 Total Assets Current Liabilities Non-current Liabilities Net Assets 1,400 (50) /250) 1.100 280 [20) (60) 200 Equity Shareholders' equity Retained Earnings 700 400 1,100 120 80 200 Income Statement 31 December 2017 VMS Bhd JV Sdn Bhd Revenue Cost of sales Other expenses RM '000 1,200 600) (200) RM 000 300 (160) (60) Net Income 1,400 80 1.1.1.2.1.3.1.4.3.5.1.6.1.7.1.8.1.9.1. 10:1:11:1.12. 13:1.14.1-15-14+17:18 On 1 January 2017, VMS Bod, owns 50% of JV So Bhd., the joint venture. The following are the financial statements of VMS Bhd, and IV Sdn Bhd. at 31 December 2017 Statement of Financial Position 31 December 2017 VMS Bba. JV So Bhd RM 000 RM 000 160 Non-Current Assets Investment at IV at cost Current Assets 1,000 60 340 120 Total Assets Current Liabilities Non-current Liabilities Net Assets 1,400 (50) /250) 1.100 280 [20) (60) 200 Equity Shareholders' equity Retained Earnings 700 400 1,100 120 80 200 Income Statement 31 December 2017 VMS Bhd JV Sdn Bhd Revenue Cost of sales Other expenses RM '000 1,200 600) (200) RM 000 300 (160) (60) Net Income 1,400 80