On 1 January 2017, VMS Bhd, owns 50% of JV Sdn. Bhd., the joint venture. The following are the financial statements of VMS Bhd, and JV Sdn. Bhd. at 31 December 2017.

Statement of Financial Position

31 December 2017

	VMS Bhd	JV Sdn. Bhd
	RM 000	RM 000
Non-Current Assets	1,000	160
Investment at JV at cost	60
Current Assets	340	120
Total Assets	1,400	280
Current Liabilities	(50)	(20)
Non-current Liabilities	(250)	(60)
Net Assets	1,100	200
Equity
Shareholders equity	700	120
Retained Earnings	400	80
	1,100	200

Income Statement

31 December 2017

	VMS Bhd	JV Sdn. Bhd
	RM 000	RM 000
Revenue	1,200	300
Cost of sales	(600)	(160)
Other expenses	(200)	(60)
Net Income	400	80

REQUIRED:

1. Using the equity method, what is the value of the investment in JV (in RM)

2. Using the equity method, what is the value of the total assets in RM 3. Using the equity method, what is the Share of profit of JV in RM

4. Using the equity method, calculate the net income of V in RM

5. Using the Proportionate Consolidation method, calculate the Non-Current Assets of V in RM