Jelitakami Berhad is one of the well-established corporation in Malaysia. Followings are the consolidated financial statements of Jelitakami Berhad for the year ended 31 December 2018.

Jelitakami Berhad

Consolidated Statement of Profit or Loss and Other Comprehensive Income

For the year ended 31 December 2018

RM'000

Revenue

37,500

Cost of sales

(16,710)

Gross profit

20,790

Administrative expenses

(9,500)

Other expenses

(2,110)

Gain on disposal of subsidiary

1,500

Finance cost

(1,000)

Share of profit in associate

250

Profit before taxation

9,930

Less: Taxation

(2,480)

Profit after taxation

7,450

Other comprehensive income

-

Total comprehensive income

7,450

Profit for the year attributable to:

Owners of the company

5,811

Non-controlling interest

1,639

7,450

Jelitakami Berhad

Consolidated Statement of Financial Position

As at 31 December

2018

2017

RM'000

RM'000

ASSETS

Non-Current Assets

Property, plant and equipment

18,500

16,210

Intangible assets

2,800

3,100

Goodwill

4,000

6,600

Investment in associate

3,950

2,400

29,250

28,310

Current assets

Inventories

9,500

7,450

Trade receivables

14,250

11,300

Cash

29,750

43,370

53,500

62,120

TOTAL ASSETS

82,750

90,430

EQUITY AND LIABILITIES

Equity

Share capital

30,000

30,000

Retained earnings

17,800

11,500

47,800

41,500

Non-controlling interests

15,000

20,000

Non-current liabilities

Long-term loan

10,000

12,000

Deferred tax

3,100

2,300

13,100

14,300

Current liabilities

Trade payables

3,640

10,150

Tax payable

3,210

4,480

6,850

14,630

TOTAL EQUITY AND LIABILITIES

82,750

90,430

Additional information:

1. In July 2018, Jelitakami Berhad disposed one of its subsidiaries, Anakami Berhad for a cash consideration of RM9,000,000. Jelitakami Berhad acquired Anakami Berhad at 85% equity interest in 2011 and the NCI value is a fair value of RM5,000,000. On the date of disposal, the relevant account balances are as follows:

RM'000

Property, plant and equipment

8,100

Inventories

2,000

Trade receivables

4,200

Bank

2,000

Goodwill

1,800

Trade payables

5,600

2.During the year, Jelitakami Berhad disposed 15% without losing control of Kuta Berhad for RM10,000,000. The share of net asset of the effect of change in Kuta Berhad is RM7,000,000 allocated to NCI and the gain recognized directly in the retained earnings.

3.In January 2018, Jelitakami Berhad acquired a 40% interest in Bumiku Berhad by cash amounted to RM2,500,000. During the year, Bumiku Berhad paid dividend to the shareholders.

4.Depreciation of property, plant and equipment amounted to RM2,700,000 charged to administrative expenses. Amortisation of intangible assets was also charged to administrative expenses.

5.No disposals of property plant and equipment took place during the year.

6.The impairment loss of goodwill was recognized and charged to administration expenses

7.Jelitakami Berhad paid dividend during the year.

REQUIRED:

Prepare the Consolidated Statement of Cash Flow of Jelitakami Berhad for the year ended 31 December 2018 in accordance with MFRS 107 Statement of Cash Flows using indirect method.