Current liabilities Trade payables Bank overdraft Accrued loan interest Proposed dividend Taxation Total equity and liabilities 2,105 Nil 15 180 270 9.355 1070 270 10 250 240 5,820 The following additional information is relevant: (1) During the year, MIYA Bhd sold one of the plants for RM270,000 at a loss of RM50,000. New plant was acquired during the year at a cost of RM820,000 and a goverment grant of RM400,000 was received for this plant. On 1 October 2020, the building was revalued to its fair value, the surplus was credited to revaluation surplus. On 30 September 2021, RM40,000 has been transferred from the revaluation surplus to realized profits as a year-end adjustment in respect of the additional depreciation created by the revaluation (ii) The company successfully completed the development of a new product during the current year, capitalizing a further RM800,000 before amortization charges for the period. (iii) On 1 February 2021 bonus shares amounted of RM156,000 was made from the revaluation surplus. The remaining increase in ordinary shares was due to new shares issued for cash on 30 June 2021. Required: Prepare statement of cash flow for the year to 30 September 2021 using indirect method in accordance with MFRS 107 Statement of Cash Flows. 120 Marks Question 4 MIYA Bhd is a wholesaler and retailer of electrical goods. Extracts from the company's financial statements are set out below: Statement of profit or loss for the year ended 30 September 2021 RM 000 Sales revenue 6,410 Cost of sales (3.795) Gross profit 2,615 Operating expenses (670) Interest on loan note (35) Profit before tax 1,910 Taxation (505) Profit for the year 1,405 RM'000 2020 RM1000 Statements of financial position as at 30 September 2021 Assets RM'000 RM000 Non-current assets Property, plant and equipment 3,190 Development expenditure 1,060 4,250 Current assets Inventories 2,761 Trade receivables 2,259 Bank 85 5,105 Total assets 9,355 2,800 450 3,250 1,512 1,008 50 2,570 5,820 Equity and liabilities Equity Equity shares Revaluation reserve Retained earnings 1,886 254 3,265 5,405 930 Nil 2,240 3,170 Non-current liabilities 10% Loan note Government grants Deferred tax 430 730 220 170 450 190 Current liabilities Trade payables Bank overdraft Accrued loan interest Proposed dividend Taxation Total equity and liabilities 2,105 Nil 15 180 270 9.355 1070 270 10 250 240 5,820 The following additional information is relevant: (1) During the year, MIYA Bhd sold one of the plants for RM270,000 at a loss of RM50,000. New plant was acquired during the year at a cost of RM820,000 and a goverment grant of RM400,000 was received for this plant. On 1 October 2020, the building was revalued to its fair value, the surplus was credited to revaluation surplus. On 30 September 2021, RM40,000 has been transferred from the revaluation surplus to realized profits as a year-end adjustment in respect of the additional depreciation created by the revaluation (ii) The company successfully completed the development of a new product during the current year, capitalizing a further RM800,000 before amortization charges for the period. (iii) On 1 February 2021 bonus shares amounted of RM156,000 was made from the revaluation surplus. The remaining increase in ordinary shares was due to new shares issued for cash on 30 June 2021. Required: Prepare statement of cash flow for the year to 30 September 2021 using indirect method in accordance with MFRS 107 Statement of Cash Flows. 120 Marks Question 4 MIYA Bhd is a wholesaler and retailer of electrical goods. Extracts from the company's financial statements are set out below: Statement of profit or loss for the year ended 30 September 2021 RM 000 Sales revenue 6,410 Cost of sales (3.795) Gross profit 2,615 Operating expenses (670) Interest on loan note (35) Profit before tax 1,910 Taxation (505) Profit for the year 1,405 RM'000 2020 RM1000 Statements of financial position as at 30 September 2021 Assets RM'000 RM000 Non-current assets Property, plant and equipment 3,190 Development expenditure 1,060 4,250 Current assets Inventories 2,761 Trade receivables 2,259 Bank 85 5,105 Total assets 9,355 2,800 450 3,250 1,512 1,008 50 2,570 5,820 Equity and liabilities Equity Equity shares Revaluation reserve Retained earnings 1,886 254 3,265 5,405 930 Nil 2,240 3,170 Non-current liabilities 10% Loan note Government grants Deferred tax 430 730 220 170 450 190