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Delima Bhd is a furniture company with a share capital of RM2,380,000, comprising 4,760,000 ordinary shares at 50 sen each. The following trial balance was
Delima Bhd is a furniture company with a share capital of RM2,380,000, comprising 4,760,000 ordinary shares at 50 sen each. The following trial balance was extracted from the entity's books. Trial Balance of Delima Bhd as at 31 December 2019 RM'000 RM'000 Ordinary share capital General reserve Retained earnings 8% debenture stock Leasehold premises at cost 2,380 260 74 250 1 Jan 2019 3,900 500 820 320 300 Leasehold premises - Accumulated depreciation at 1 Jan 2019 Plant and machinery at cost Plant and machinery - Accumulated depreciation at 1 Jan 2019 Motor vehicles at cost Motor vehicles - Accumulated depreciation at 1 Jan 2019 Trade receivables Trade payables Bank Sales Sales returns 80 169 95 120 4,500 79 180 2,400 160 Inventory - 1 Jan 2019 Purchases Purchase returns Administration expenses Distribution expenses Bank interest Deposit interest received Debenture interest Interim ordinary dividend paid 450 340 60 35 10 66 8,774 8,774 in the physical stock count at 31 December, 2019. Additional information: (i) Goods purchased on 28 December, 2019 for RM70,000 had not been accounted for or included (ii ) Depreciation is to be charged as follows: (ii) Closing inventory, as per the physical stock count at 31 December, 2019, was RM220,000. Leasehold premises - 2% on cost Plant and machinery - 10% on cost Motor vehicles - 20% on cost (iv) The entity charges depreciation of leasehold premises and plant and machinery as administration expenses and depreciation of motor vehicles as distribution expenses. (w) The charge for corporation tax for the year ended 31 December, 2019, is estimated at 50% of the profit before tax. (vi) A final dividend of 5 sen per share was paid to the ordinary shareholders on 31 December, 2019. however this payment has not yet been recorded in the accounts. (vii) Half year debenture interest is to be provided for. Required: Prepare, in a form suitable for publication, the statement of profit or loss and other comprehensive income for the year ended 31 December, 2019, as well as the statement of financial position and statement of changes in equity as at that date for the information provided
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