QUESTION 1 (20 MARKS) Koala Group, a manufacturing company situated in Taiping, Perak. Given below are the consolidated financial statements of Koala Group 2020 Consolidated Statements of Financial Position as at 31 December 2021 RM"000 RM4000 Ordinary share capital 19,500 12,000 Retained profits 10,325 3,000 29,825 15,000 Non-controlling interest 5.505 4,000 35,330 19,000 Non-current liabilities 10% debentures 3.000 2,000 Deferred tax 2,400 2,800 Current liabilities Bank overdraft 1.200 Tax payable 200 Trade payable 2.500 2,000 44.430 26,800 24,725 10,000 1,500 15,000 4,000 1,800 Non-current assets Property, plant and equipment Non-current investment Goodwill on consolidation Current assets Inventory Tax recoverable Trade receivables Financial assets held for sale 1,500 1,800 1,800 100 1,400 500 4,405 44.430 Bank 2.700 26,800 Additional Information: a Retained profits for the year were arrived at after providing charging and crediting : RA000 35,000 15,000 Sales Cost of sales Operating expenses (including depreciation of RM600,000 and Impalment of goodwill Gain on disposal of subsidiary Gain on disposal of property, plant and equipment Interest expense investment incurne (net) Tax expense Profit after tax attributable to non contraling interest 8.000 375 200 250 500 2,000 1,500 b. Financial assets held for trading qualify as cash equivalents. c. During the year, property, plant and equipment of carrying amount RM1 milion was sold for RM1.2 milion Kobla sold off as of its 75% Interest in Rumah Hutan in July 2021 for RM3 2 milion. The consideration was in the form of cash. The not assets of Rumah Hutan on that date were as follows: RM000 Property, plant and couloment 3,000 Inventory 400 Trade reoelvebles 300 Trade payables 300 Deferred tax 400 Bank (debit) 500 The carrying amount of goodwill pertaining to Rumah Hutan was RM200,000 e In October 2021, Kuala bought 80% equly interest in Lembah indah for RM6 million. The price wea aelted by Issuing 2 milion ordinary shares in Koals which had a market value RM3 million and the balance was paid in cash The net Essets of Lembah Indah on the date of acquisition were : Property, plant and equipment Inventory RM000 5,000 800 Non current investments Cash at bank Tradio receivables Trade payables Deferred tax 10% debentures 1.000 400 700 200 300 500 Required: Prepare the Consolidated Statements of cash flow for Koals for the year ended 31 December 2021 using indirect method. Show all accompanying calculation notes (20 mais) QUESTION 1 (20 MARKS) Koala Group, a manufacturing company situated in Taiping, Perak. Given below are the consolidated financial statements of Koala Group 2020 Consolidated Statements of Financial Position as at 31 December 2021 RM"000 RM4000 Ordinary share capital 19,500 12,000 Retained profits 10,325 3,000 29,825 15,000 Non-controlling interest 5.505 4,000 35,330 19,000 Non-current liabilities 10% debentures 3.000 2,000 Deferred tax 2,400 2,800 Current liabilities Bank overdraft 1.200 Tax payable 200 Trade payable 2.500 2,000 44.430 26,800 24,725 10,000 1,500 15,000 4,000 1,800 Non-current assets Property, plant and equipment Non-current investment Goodwill on consolidation Current assets Inventory Tax recoverable Trade receivables Financial assets held for sale 1,500 1,800 1,800 100 1,400 500 4,405 44.430 Bank 2.700 26,800 Additional Information: a Retained profits for the year were arrived at after providing charging and crediting : RA000 35,000 15,000 Sales Cost of sales Operating expenses (including depreciation of RM600,000 and Impalment of goodwill Gain on disposal of subsidiary Gain on disposal of property, plant and equipment Interest expense investment incurne (net) Tax expense Profit after tax attributable to non contraling interest 8.000 375 200 250 500 2,000 1,500 b. Financial assets held for trading qualify as cash equivalents. c. During the year, property, plant and equipment of carrying amount RM1 milion was sold for RM1.2 milion Kobla sold off as of its 75% Interest in Rumah Hutan in July 2021 for RM3 2 milion. The consideration was in the form of cash. The not assets of Rumah Hutan on that date were as follows: RM000 Property, plant and couloment 3,000 Inventory 400 Trade reoelvebles 300 Trade payables 300 Deferred tax 400 Bank (debit) 500 The carrying amount of goodwill pertaining to Rumah Hutan was RM200,000 e In October 2021, Kuala bought 80% equly interest in Lembah indah for RM6 million. The price wea aelted by Issuing 2 milion ordinary shares in Koals which had a market value RM3 million and the balance was paid in cash The net Essets of Lembah Indah on the date of acquisition were : Property, plant and equipment Inventory RM000 5,000 800 Non current investments Cash at bank Tradio receivables Trade payables Deferred tax 10% debentures 1.000 400 700 200 300 500 Required: Prepare the Consolidated Statements of cash flow for Koals for the year ended 31 December 2021 using indirect method. Show all accompanying calculation notes (20 mais)