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Kopi Sdn Bhd's statement of comprehensive income for the year ended 31 December 2018 and statements of financial position at 31 December 2017 and 31
Kopi Sdn Bhd's statement of comprehensive income for the year ended 31 December 2018 and statements of financial position at 31 December 2017 and 31 December 2018 were as following: 70 KOPI SDN BHD STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2018 RM'000 RM'000 Revenue 720 Raw materials consumed Staff costs Depreciation Loss on disposal of non-current asset 420 Interest payable (28) Profit before tax 392 Taxation (124) Profit for the year 268 94 118 18 (300) KOPI SDN BHD STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 2017 Assets RM'000 RM'000 RM'000 RM'000 Property, plant and equipment Cost 1,596 1,560 Depreciation 318 1,278 224 1,336 Current assets Inventory Trade receivables Bank 134 Total Assets 1.470 148 1,426 Equity and liabilities Capital and reserves Share capital Share premium Retained earnings 340 360 36 716 1,112 24 514 878 Non current liabilities Non-current loans Current liabilities Trade payables Taxation 200 500 12 102 114 1,426 92 1,470 During the year, the company paid RM90,000 for a new piece of machinery. Dividends paid during 2018 totaled RM66,000 and interest paid was RM28,000. Required (a) Prepare a statement of cash flows for Kopi Sdn Bhd for the year ended 31 December 2018 in accordance with the requirements of MFR 107 Statement of Cash Flows, using the indirect method. (18 marks) (b) Prepare a statement of cash flows for Kopi Sdn Bhd for the year ended 31 December 2018 in accordance with the requirements of MFR 107 Statement of Cash Flows, using the direct method. (12 marks)
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