QUESTION 2 (20 MARKS) The summarized statements of profit or loss of Henna, Selasih and Zehra for the year ended 31 December 2021 and their summarized statements of financial position at 31 December 2021 are given below: Income Statements Henna RM000 2,500 (1800) 900 Selasih RM1000 1,000 (1,200) (200) 30 (170) 40 (130) Zehra RM OOO 2,000 (1,600) 400 Revenue Expenses Operating profit Dividend from Zehra Profit before tax Taxation Profit after tax Dividends paid Retained profil Lof si 1 January 2021 900 (300) 800 400 (100) 300 200 500 (270) 100 200 Statements of financial position Henna RM 000 Selasih RM000 250 Zehra RMPOO Property, plant and equipment Invostmonts 460,000 sharoe in Solesih 120,000 shares in Zehra Current assets Loan to Zehra 200 100 130 2.500 550 1.030 Equity and liabilities Ordinaty share capital Retained profit Current liabilities Loan from Honna 900 800 (400) 150 400 2,500 550 1,030 Additional Information: 3. The number of issued ordinary shares is as follows: Henna 1,000,000 Selasih 600,000 Zehra 400,000 t. Henna durchased the shares in Selasih on 1 January 2018 when the retained profit of Selasih was RM100,000 c. During the year, Henna sola stock to Selasih for RM200,000 (including a markup of 331/3 percent). Haf of these goods remain unsold in Selasih. The unrealised profit in Selasih's opening stock amounted to RM15,000. d. Goodwill on consolidated of Selaah was fully impaired Required: Prepare the consalidated statements of profit or loss for the year ended 31 December2021 and a consolidated statement of financial position as at that date. (20 marks) QUESTION 2 (20 MARKS) The summarized statements of profit or loss of Henna, Selasih and Zehra for the year ended 31 December 2021 and their summarized statements of financial position at 31 December 2021 are given below: Income Statements Henna RM000 2,500 (1800) 900 Selasih RM1000 1,000 (1,200) (200) 30 (170) 40 (130) Zehra RM OOO 2,000 (1,600) 400 Revenue Expenses Operating profit Dividend from Zehra Profit before tax Taxation Profit after tax Dividends paid Retained profil Lof si 1 January 2021 900 (300) 800 400 (100) 300 200 500 (270) 100 200 Statements of financial position Henna RM 000 Selasih RM000 250 Zehra RMPOO Property, plant and equipment Invostmonts 460,000 sharoe in Solesih 120,000 shares in Zehra Current assets Loan to Zehra 200 100 130 2.500 550 1.030 Equity and liabilities Ordinaty share capital Retained profit Current liabilities Loan from Honna 900 800 (400) 150 400 2,500 550 1,030 Additional Information: 3. The number of issued ordinary shares is as follows: Henna 1,000,000 Selasih 600,000 Zehra 400,000 t. Henna durchased the shares in Selasih on 1 January 2018 when the retained profit of Selasih was RM100,000 c. During the year, Henna sola stock to Selasih for RM200,000 (including a markup of 331/3 percent). Haf of these goods remain unsold in Selasih. The unrealised profit in Selasih's opening stock amounted to RM15,000. d. Goodwill on consolidated of Selaah was fully impaired Required: Prepare the consalidated statements of profit or loss for the year ended 31 December2021 and a consolidated statement of financial position as at that date. (20 marks)
