QUESTION 1 (30 Marks) The consolidated accounts of Hexagon Bhd for the year ended 31 December 2019 were as follows   

Additional Information: i) Dividend proposed and paid by Hexagon Bhd during the year was RM150,000 ii) Included in the expenses are the following: RM'000 Depreciation of non-current assets 350 Gain on disposal of subsidiary 440 Gain on disposal of fixed assets 200 

iii) During the year machinery with of net book value of RM400,000 was sold for RM 600,000 iv) On 1 December 2019, Hexagon Bhd sold its 85% holding of the ordinary shares of its subsidiary Square Bhd for a consideration of RM1.8 million. The sale price was settled in cash. On that date, the net assets of Square Bhd were as follows: RM'000 Cash & Bank 300 Fixed Assets 900 Inventory 350 Trade Receivable 200 Trade Payable (150) NCI (240) 1,360 

v) During the year, Hexagon Bhd acquired a 30% interest in the ordinary shares of Angle Bhd by payment of cash of RM900,000. Required: a) Prepare the consolidated cash flow statement for the year ended 31 December 2019 using the direct method. (13 marks) b) Show the reconciliation of profit before tax to cash flow from operations. (7 marks) c) Show the relevant workings for operating, investing and financing activities. (10 marks)

Consolidated Statement of Comprehensive Income for the year ended 31 December 2019 Group Statement of Financial Position for the years ended 31 December 2019 Consolidated Statement of Comprehensive Income for the year ended 31 December 2019 Group Statement of Financial Position for the years ended 31 December 2019