2013 RM'000 Pinky Bhd Statements of Financial Position as at 30 June 2014 RM'000 Non-current assets Property, plant and equipment 16,000 Less: Accumulated depreciation (5,400) Investments 300 Research and development 190 20,200 (4.400) 220 650 Current assets Inventory Trade receivables Insurance claim Cash and bank 2,550 1,100 1,500 850 17,090 1,850 1,300 1,200 nil 21,020 Capital and reserves Ordinary shares at RM1 each Retained profit Asset revaluation reserve 6,000 2,550 nil 6,000 950 1,600 Non-current liabilities 10% Debentures Finance lease obligation Deferred tax 1,290 2,000 200 4,770 1,700 500 Current liabilities Trade payables Tax payable Finance lease obligation Bank overdraft 4,050 100 900 nil 17,090 2,950 1,200 800 550 21,020 Pinky Bhd Statement of Comprehensive Income for the year ended 30 June 2014 RM'000 Gross profit 1,260 Operating expenses (990) Operating profit 270 Finance cost (260) Investment income 40 Profit before tax 50 Taxation (10) Net profit after taxation 40 Additional information: 1. 2. 3. 4. Pinky Bhd sold its property with a carrying amount of RM7,400,000 for RM12,000,000. This property was previously revalued at RM8,600,000 and the remaining revaluation reserve in the financial statements belongs to this particular property, No disposal of other non-current assets was made during the year. A machinery under finance lease was acquired at a cost of RM1,500,000. The insurance claim is related to a piece of property which was damaged last year. The amount was revised during the year due to further negotiation with the insurance company. The claim is expected to be settled soon. 10% of the investments qualify as cash equivalent. 5. Required: Prepare a Statement of Cash Flows for Pinky Bhd for the year ended 30 June 2014, using the indirect method and in accordance with the requirements of MERS 107 Statement of Cash Flows. (A note to show the movements of cash and cash equivalent is required)