5.4 The following infor mation relates to Veer Bhd for the years ended 31 Decem The summarised statements of financial positon of Veer Bhd are as folows 31 December x6 31 December x7 RM'000 147,000 151,000 29,000 52,000 16,000 44,000 439,000 RM'000 125,000 120,000 Freehold land Plant and machinery (at cost) Fixtures and fittings (at cost) Inventories Cash at bank Trade receivables 24,000 37,000 Nil 43,000 349,000 Ordinary share capital Share premium Revaluation reserve (land) Retained profit 6 percent debentures Bank overdraft Trade payables Tax payable Accumulated depreciation Plant and machinery Fixtures and fittings 150,000 35,000 20,000 85,000 30,000 Nil 48,000 2,000 100,000 15,000 Nil 43,000 70,000 29,000 34,000 Nil 54,000 15,000 439,000 45,000 13,000 349,000 b. c. Freehold land costing RM35 million was sold for RM40 million. Plant and machinery which had cost RM9 million and in respect of which RM4 million depreciation had been provided for were sold for RM6 million. d. Fixtures and fittings which had cost RM6 million and written down to RM4 million were sold for e. On 1 July x7, a portion of the issued 6 percent debentures was redeemed at a premium of RM2 million. RM2 million. The premium on redemption was written off in the statement of profit or loss. Interest paid was RM3 million. f. Dividend of RM8 million was paid. g. Tax expense charged in the statement of profit or loss was RM18 million. Required Prepare the statement of cash flows for Veer Bhd for the year ended 31 December x7