Q3. Jalil acquired 240,000 ordinary shares of Saleh on 1 January 2019 at a total cost of RM300,000. At that date the accumulated profit of Saleh was RM20,000. Shortly after, Saleh declared and paid dividend of RM20,000 (net of tax) for the year ended 31 December 2018. Jalil received its share of the dividends on 10 January 2019 and it is credited its profit and loss account. Given below are the Statement of Financial Position of Jalil and Saleh as at 31 December 2019. (Jalil membeli 240,000 saham biasa Saleh pada 1 Januari 2019 pada jumlah kos RM300,000 Pada tarikh itu untung terkumpul Saleh adalah RM20,000. Kemudian Saleh mengisytihar dan membayar dividen RM20,000 (bersih cukai) bagi tahun berakhir 31 Disember 2018. Jalil menerima dividen saham itu pada 10 Januari 2019 dan dikreditkan ke dalam akaun untung rugi. Diberi berikut adalah Penyata Kedudukan Kewangan Jalil dan Saleh pada 31 Disember 2019.) Jalil RM 000 500 Saleh RM 000 300 Ordinary share (saham biasa) of RM1 each(setiap satu) Profit and Loss (Untung dan rugi) 10% Debentures (Debentur) Creditors (Pemiutang) 60 136 200 44 880 250 50 30 440 150 180 160 Land and building (Tanah dan bangunan) Plant and equipment (Loji dan peralatan) (net) (bersih) Investment in (Pelaburan dalam) Saleh (cost) (kos) Inventories (Inventori) Debtors (Penghutang) Bank 300 50 45 40 25 65 440 55 880 Additional information (Maklumat tambahan): (0) Provisions are to be made for the second half year's debenture interest for both companies. (Peruntukan dibuat untuk faedah debentur untuk separuh tahun kedua bagi kedua-dua syarikat.) ( Proposed ordinary dividends Jalil 10% and Saleh 5%. (Dividen saham biasa dicadangkan Jalil 10% dan Saleh 5%.) Half of the inventories of Saleh were purchase from Jalil. Jalil makes a profit of 25% on invoice price on inventories sold to Saleh, out of which 10% is to cover transportation costs. Unrealised profits in the opening inventories of Saleh was RM1,000. (Separuh daripada inventori Saleh telah dibeli daripada Jalil, Jalil mendapat untung 25% daripada harga invois inventori yang dijual kepada Saleh, yang mana 10% daripadanya adalah untuk kos pengangkutan. Untung belum realis bagi stok awal Saleh adalah RM1,000.) (iv) on 1 January 2019 Jalil valued the plant and equipment of Saleh at RM250,000. Saleh did not adjust the books to reflect the new value. Both the companies depreciate plant and equipment at 20% using the reducing balance method. The book value in the above statement of financial position is after providing 2019 depreciation charge. (Pada 1 Januari 2019 Jalil telah menilai loji dan peralatan Saleh pada RM250,000. Saleh tidak melaraskan bukunya untuk menunjukkan nilai baru. Kedua syarikat menyusutnilaikan loji dan peralatan pada 20% dengan menggunakan kaedah baki berkurangan. Nilai buku dalam (v) (vi) ( penyata kedudukan kewangan di atas adalah selepas mengambilkira susutnilai bagi 2019.) Saleh did not purchase or dispose of any plant and equipment during 2019. (Saleh tidak membeli atau melupuskan loji dan peralatan pada 2019.) During the year Saleh sold building, which had book value of RM150,000 for RM200,000 to Jalil. The remaining useful life of this building is 25 years. Straight line depreciation method is adopted by the group. (Dalam tahun semasa Saleh telah menjual bangunan dengan nilai buku RM150,000 dengan harga RM200,000 kepada Jalil. Baki usia guna bangunan adalah 25 tahun. Kaedah garis lurus digunakan oleh kumpulan syarikat itu.) Debtor of Jalil include RM25,000 due from Saleh. However Saleh remitted RM5,000 on 31 December 2019 which was received by Jalil on 3 January 2020. (Penghutang bagi Jalil termasuk RM25,000 daripada Saleh. Walaubagaimanapun Saleh telah membayar RM5,000 pada 31 Disember 2019 yang diterima Jalil pada 3 Januari 2020.) Goodwill is amortised over 4 years. (Muhibbah dilunaskan untuk 4 tahun.) Tax rate is 25%. (Kadar cukai adalah 25%.) ( (vii) (viii) (ix) Required: (Dikehendaki:) Prepare the Consolidated Statement of Financial Position for the group. (Sediakan Penyata Kedudukan Kewangan Digabungkan bagi kumpulan.) (25 m)
