accounting subject

Question 1 Jamadilawal Berhad is a public listed company. Its summarized financial statements for the years ended 31 March 2022 and the comparative figures are shown below. Statements of Profit or Loss and Comprehensive Income for the year ended 31 March 2022 RM'000 2021 RM'000 Revenue Cost of sales 2,700 1,820 (1,890) (1,092) Gross profit 810 728 Distribution costs (230) (130) Administrative expenses (345) (200) Finance costs (40) (5) Profit before tax 195 393 Income tax expense (60) (113) Profit for the year 135 280 Other comprehensive income 80 nil Total comprehensive income 215 280 Assets Non-current assets Statements of Financial Position as at 31 March 2022 RM' 2021 RM'000 RM'000 RM'000 Property, plant and equipment Intangible asset: manufacturing license Investment Current assets Inventory Trade receivables Bank Total assets 680 300 230 1210 410 200 nil 610 200 110 195 75 395 120 305 1605 915 Equity and liabilities Equity Equity shares (RM 1 per share) 350 250 Reserves Revaluation 80 Retained earnings 375 295 805 545