19.6 Given below are the financial statements of Nino Group. Consolidated Statements of Financial Position as at 31 December X7 Ordinary share capital Retained profit RM'000 16,000 6,400 22,400 2,300 24.700 300 2,100 x6 RM'000 11,000 2,500 13,500 2.000 15,500 500 1.800 Non-controlling interest 10% debentures Deferred taxation Current liabilities Overdraft Trade payables 600 600 1.100 800 28,300 19,700 Goodwill on consolidation Non-current assets Investment in associate companies Short-term investments (more than 6 months) Inventory Trade receivables 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 NE 19,700 Bank Consolidated Statement of Profit or Loss for the Year Ended 31 December x7 Tumover Cost of sales Gross profit Other operating expenses Operating profit Share of profits of associates Gain on disposal of subsidiary Interest payable and similar charges Profit before taxation Taxation-group Profit after taxation RM'000 19,700 (10,000) 9,700 (3.000) 6,700 500 800 (300) 7.700 (2.000) 5,700 Profit after tax attributable to: Group Non-controlling interest Profit after taxation 4.700 1,000 5,700 Additional information a. Included in the expenses are the following: Impairment of goodwill on consolidation of subsidiaries of RM200,000 Depreciation of non-current assets of RM1,200,000 Gain on disposal of non-current assets b. Share of profits of associates of RM500,000 is net of impairment of of RM100,000. On 1 April x7, Nino acquired a 30 percent interest in Nana Bhd for which Nino paid cash of RM2,000,000. The net assets of Nana on 1 April x7 included cash of RM 1,350,000 d. Non-current assets of carrying amount RM1,500,000 were sold for cash RM1,800,000 during the year. In September x7, Nino sold all its interest in 80 percent owned subsidiary Lena Bhd and received cash of RM3,400,000. The carrying value of the remaining goodwill was RM200,000 The net assets of Lena Bhd on that date were: C. e. Non-current assets Inventory Trade receivables Bank Tax payable 10% debentures Trade payables RM'000 2,600 500 280 500 (500) (200) (180) Required: Prepare the group statement of cash flows for the year ended 31 December x7