6 5. The group financial statement of Dexter Group Bhd as at 31 December 2021 are shown below: Dexter Bhd Consolidated Statement of Profit or Loss for the year ended 31 December 2021 RM'000 Sales 103,000 Cost of good sold (42,150) Gross profit 60,850 Other income 24,350 Selling and distribution expenses (6,780) Administrative and selling expenses (23,600) Operating profit 54,820 Finance income 2,280 Share of profit of Associates 1,400 Finance cost (18,450) Profit before tax 40,050 Tax expenses (4,550) Profit for the year 35,500 Profit after tax attributable to: Equity holders of parent 27,000 Non controlling interest 8,500 35,500 Dexter Bhd Consolidated Statement of Financial Position as at 31 December 2020 and 2021 2020 RM'000 2021 RM'000 Non-current assets Property, plant and equipment 56,770 63,000 Goodwill 3,260 2,870 Investment in Associate 3,200 4,800 Total Non-current assets 63,230 70,670 Current assets Inventories 13,650 13,040 Trade and other receivables 11,920 11,540 Bank 45,100 57,400 Total Current assets 70,670 81,980 Total Assets 133,900 152,650 Equity 5% Preference shares 10,400 11,000 Ordinary shares capital 54,000 65,400 Retained profits 20,040 30,500 Revaluation reserve 1,300 1,800 Non-controlling interest 9,390 12,130 Total Equity 95,130 120,830 Non-current liabilities 5% Long term Loan 15,000 13,500 Retirement benefit liability 12,000 10,400 Total Non-current liabilities 27,000 23,900 Current liabilities Trade and other payables 2,400 2,180 Bank overdraft 400 430 Accrued expenses 120 150 Tax payables 2,800 1,600 Dividend payables 6,050 3,560 Total Current liabilities 11,770 7,920 133,900 152,650 Total Equity and Liabilities Additional information: (i) The only revaluation of the non-current asset was of a piece of freehold land. During the year, the property, plant and machinery at carrying amount of RM266,000 were sold for RM375,000. There were no other disposals of non-current assets during the year. The depreciation charged on property, plant and machinery was RM1,858,000. (ii) Dexter Bhd operates a defined contribution scheme. The current retirement benefit expenses for the year ended 31 December 2021 was RM800,000. (iii) At the end of the year, the company made the right issues to its existing shareholders of 800,000 ordinary shares at a share price of RM1.50 each and issuance of new shares. (iv) On 1 January 2021, Dexter Bhd acquired 40% interest in Morgan Bhd for cash. The net asset of Morgan Bhd was RM12,000,000. Morgan Bhd made a profit after tax of RM3,500,000 and a dividend paid of RM1,000,000 for the year ended 31 December 2021. (v) On 1 September 2021, Dexter Bhd disposed of all 80% interest in its subsidiary, Megan Bhd and received RM18,400,000 in cash. The carrying value of the remaining goodwill was RM130,000. The net asset of Megan Bhd on 1 September 2021 were: Property, plant and equipment Inventories Trade receivables Cash and cash equivalents Trade payables Tax payables Bank overdraft (V) Non-controlling interest is not measured at fair value. Required: RM'000 2,500 320 800 11,600 380 170 600 Prepare the Consolidated Statement of Cash Flow for Dexter Group Bhd for the year ended 31 December 2021 in accordance with MFRS107 Statement of Cash Flows using the indirect method. Show all relevant workings. [25 Mark] (25 marks)