Hello i attached notes and question. please follow the notes to answer the question
Art Chart Screenshot Hyperlink Bookmark Cross reference Header Footer ons Links Header Footer en w to wad patential sentit Q3 (a) Hello Group (b) Consolidated Statement of Financial Position as at 31 December RM 3,200,00 Property, plant and equipment Investment in associate kitty N1 1,037.20 4.237.20 2,590.00 Current assets (1.890 +700 sales of sub proceeds) Total assets 6,827.20 Equity attributable to owners of the parent Share capital Retained earnings 1,000.00 ? Current liabilities Total Equity& Liability 1.310.00 6.827.20 w One Page Loom Two Pages 100% Page Width Zoom New Arrange Split Window All 12 View Side by Side at Synchronous Scrolling 2 Reset Window Position Window Macros Switch Windows Macros Upgrade now to tenta disks (b) Consolidated statement of Comprehensive Income of Hello group for the year ended 31 December 2020 PBIT (P+S X6/12) Loss on disposal of shares in subsidiary N3 Share of profit of associate N4 Profit before tax Income tax expense N5 Profit for the year Other comp. income net of tax Share of other comp. income of associate Other comprehensive income for the year Total comprehensive income for the year RM'000 1,040.00 (43.60) 88.00 1,084.40 (180.00) 904.40 558. 19.20 577.20 1,481.60 Profit attributable to: Owners of the parent Non-controlling interests (440 x 6/12 x 20%) 860.4 44.00 904.40 Total comprehensive income attributable to: Owners of the parents Non controlling interests (536 x 6/12 x 20%) 1,428.00 53.60 1.481.60 Question 3 Hello Bhd bought 80% of the share capital of Kitty Bhd for RM1,240.000 on January 1, 2019. At that date Kitty Berhad's retained earnings stood at RM200,000 The statements of financial position at 31 December 2020, summarised income statements to that date and movement on retained earnings are given below: STATEMENTS OF FINANCIAL POSITION Hello Bhd Kitty Bhd RM'000 RM'000 Non-current assets Property, plant and equipment 3,200 1,800 Investment in Kitty Bhd 1.240 4,440 1,800 Current assets 1,890 1,040 6.330 2.840 Equity Share capital RM1 ordinary shares Retained earnings 1,000 4,020 800 1,010 ...4/- 5,020 1,310 Current liabilities 1,810 1.030 2.840 6.330 SUMMARISED INCOME STATEMENTS Profit before interest and tax Income tax expense Profit for the year Other comprehensive income, net of tax Total comprehensive income for the year 780 (140 640 510 1.150 520 (80) 440 96 536 MOVEMENT IN RETAINED RESERVES 474 Balance at 31 December 2019 Total comprehensive income for the year Balance at 31 December 2020 2,870 1.15C 4.020 536 1.010 Hello Bhd sells one half of its holding in Kitty Bhd for RM700,000 on 30 June 2020. At that date, the fair value of the 40% holding in Kitty was slightly more at RM930,000 due to a share price rise. The remaining holding is to be dealt with as an associate. This does not represent a discontinued operation. No entries have been made in the accounts for the above transaction. Assume that profits accrue evenly throughout the year. It is the group's policy to value the non-controlling interest at its proportionate share of the fair value of the subsidiary's identifiable net assets. Required: (a) Prepare the consolidated statement of financial position for the Hello Group for the year ended 31 December 2020; | (b) Prepare the statement of comprehensive income for the Hello Group for the year ended 31 December 2020, and
