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Given below are the consolidated statements of financial position and the consolidated statement of profit or loss of Rainbow Bhd and its subsidiary Prism
Given below are the consolidated statements of financial position and the consolidated statement of profit or loss of Rainbow Bhd and its subsidiary Prism Bhd. Consolidated Statements of Financial Position for the year ended 31 December x5 x4 RM'000 RM'000 Property, plant and equipment 1,350 1,300 Investment in associate company 1,000 900 Inventory 900 500 Trade receivables 500 700 Bank 300 150 4,050 3,550 Ordinary share capital 2,500 2,500 Retained profits 560 260 Non-controlling interest 590 490 Trade payables 400 300 4,050 3,550 Consolidated Statement of Profit or Loss for the year ended 31 December x5 RM'000 Trade payables Consolidated Statement of Profit or Loss for the year ended 31 December x5 400 300 4,050 3,550 RM'000 Profit before tax 495 Share of profit of associate 130 Profit before tax 625 Tax-group (50) Profit after tax 575 Profit after tax attributable to: Equity holders of parent Non-controlling interest 425 150 575 Additional information: a) The tax charge for the year has been paid. b) Group depreciation on property, plant and equipment was RM40,000 and there was no disposal of non-current assets during the year. c) Investment in associate is equity accounted and was impaired by RM10,000. Required: Prepare the group statement of cash flows using indirect method.
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