2. Below are the consolidated financial statements of the Daddy Group for the year ended 30...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
2. Below are the consolidated financial statements of the Daddy Group for the year ended 30 September 2020: (a) Consolidated statement of profit or loss and other comprehensive income for the year ended 30 September 2020 Revenue Operating expenses Profit from operations Gain on disposal of subsidiary Finance cost Share of profit of associate RM'000 2090 (1 155) 935 100 (35) 115 Profit before tax Tax 1115 (225) Profit for the year 890 Other comprehensive income 200 Other comprehensive income from associate 50 Total comprehensive income for the period 1140 Profit for the year attributable to: Equity holders of the parent Non-controlling interests Total comprehensive income for the year attributable to: 795 95 890 Equity holders of the parent Non-controlling interests 1020 120 1140 (b) Consolidated statements of financial position 2020 (RM'000) 2019 (RM'000) Non-current assets Property, plant and equipment Goodwill on combination Investment in associate 2545 1930 1 625 1850 620 540 5 095 4015 4 Current assets Inventories 470 435 Trade receivables 390 330 Cash and cash equivalents 210 140 Total Assets 6165 4 920 Equity Share capital 1 500 1 500 Retained earnings 1755 1085 Other reserves 750 525 4 005 3110 Non-controlling interest 310 320 4315 3430 Non-current liabilities Loans 500 300 Deferred tax 150 105 Current liabilities Trade payables 800 725 Tax payable 400 360 6165 4920 2. Below are the consolidated financial statements of the Daddy Group for the year ended 30 September 2020: (a) Consolidated statement of profit or loss and other comprehensive income for the year ended 30 September 2020 Revenue Operating expenses Profit from operations Gain on disposal of subsidiary Finance cost Share of profit of associate RM'000 2090 (1 155) 935 100 (35) 115 Profit before tax Tax 1115 (225) Profit for the year 890 Other comprehensive income 200 Other comprehensive income from associate 50 Total comprehensive income for the period 1140 Profit for the year attributable to: Equity holders of the parent Non-controlling interests Total comprehensive income for the year attributable to: 795 95 890 Equity holders of the parent Non-controlling interests 1020 120 1140 (b) Consolidated statements of financial position 2020 (RM'000) 2019 (RM'000) Non-current assets Property, plant and equipment Goodwill on combination Investment in associate 2545 1930 1 625 1850 620 540 5 095 4015 4 Current assets Inventories 470 435 Trade receivables 390 330 Cash and cash equivalents 210 140 Total Assets 6165 4 920 Equity Share capital 1 500 1 500 Retained earnings 1755 1085 Other reserves 750 525 4 005 3110 Non-controlling interest 310 320 4315 3430 Non-current liabilities Loans 500 300 Deferred tax 150 105 Current liabilities Trade payables 800 725 Tax payable 400 360 6165 4920
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Administrative principles assume that organizations must construct an appropriate chain of command. Failure to adhere to the scalar chain is a potential source of breakdown and organizational...
-
American Investor Group is opening an office in Portland, Oregon. Fixed monthly costs are office rent ($8,000), depreciation on office furniture ($1,800), utilities ($2,200), special telephone lines...
-
Ann is willing to spend $3,500 per month on her mortgage payment. If Ann obtains a fully amortizing 30 year Fixed Rate Mortgage with monthly payments at 4.38%, how big of a mortgage can she get?
-
Beauty company Glossier Inc. has reached a deal for Sephora stores and Sephora.com to carry its products next year, its first external retail partnership and a move that significantly expands the...
-
What are 4 ads to illustrate 4 different market segments? From each of the following segmentations: Benefit, Lifestyle, Demographic and Geographic. which ad represents each segment and provides a...
-
To begin this discussion, introduce yourself to your classmates and instructor. Briefly discuss your background and describe your professional goals. Think about your experiences with the healthcare...
-
A Special Kind of Financing Central Bank is a small Midwestern savings and loan institution that manages $3 billion in assets. It competes with 16 other financial institutions for customers; most of...
-
Ongoing professional development is critical for many reasons, including learning new skills for career growth. It also helps employees keep their skills and knowledge current, which enables them to...
-
Conduct a CAGE analysis of Japan and France, relative to Disney's home country (USA). In other words, list all the Cultural, Administrative, Geographic, and Economic differences that you think are...
-
In the context of the solow model, discuss what these findings imply about China's expected growth for the future 20. For over 25 years, China has experienced growth rates averaging 7% or more each...
-
Develop a questionnaire to measure the degree to which the work environment supports transfer of training. Include the questions and the rating scales that you would use. Use the checklist in Table...
-
Design an action planning sheet that a manager and employee could use to facilitate transfer of training. Justify each category included in the action plan.
-
Listed below are questions designed to measure trainees motivation to transfer training. Ask several working friends, colleagues, or fellow employees these questions. Also, ask them to discuss why...
Study smarter with the SolutionInn App