Question 3 The following information has been extracted from the books of DeltaLambda Berhad for the year 31 December 2020: INCOME STATEMENT EXTRCATS FOR THE YEAR ENDING 31 DEC 2020 2020 2019 RM'000 RM 000 Profit before taxation 20,400 9,500 Taxation (5,200) (3,200) Profit for the year 15,200 6,300 Note: Dividends paid Preference 100 100 Ordinary 8,000 4,000 8,100 4,100 BALANCE SHEET AS AT 31 DEC 2020 2020 2019 RM 000 RM 000 Non-current assets Plant, machinery and equipment, at cost 23,900 17,600 Less: Accumulated Depreciation 10,750 9,500 13,150 8,100 Current assets Inventory Trade Receivables Prepayments Cash at bank and in hand Total Assets 9,000 26,700 400 2,000 8,600 300 600 | 11,500 19,600 36,100 49,250 Current Liabilities Bank overdraft Trade Payables Accruals Taxation 16,200 10,000 1,000 5,200 32,400 6,000 800 3,200 10,000 Non-current liabilities 15% Loan Notes Total Liabilities 750 33,150 600 10,600 Equity Ordinary shares of RM 1 each 10% preference shares of RM 1 each 5,000 1,000 5,000 1,000 Retained profits 10,100 3,000 16,100 9,000 49,250 19,600 Additional information: a. The directors are extremely concerned about the large bank overdraft as of 31 December 2020 and they attribute this mainly to the increase in trade receivables as a result of alleged poor credit control. b. During the year 31 December 2020, non-current assets originally costing RM 5,500,000 were sold for RM 1,000,000. The accumulated depreciation on these assets as of 31 December 2019 was RM 3,800,000 Required: Prepare a statement of cash flows using the IAS 7 indirect method for the year 31 December 2020. (25marks) Question 4 The following is a list of assets of Pfizor Sdn Bhd at 1 April 2020: Date of Purchase Cost (RM) Machine A 1 April 2016 300,000 Machine B 1 April 2017 200,000 Motor Vehicle X 1 April 2018 56,000 Motor Vehicle Y 1 April 2017 69,000 The following transactions took place during the year ending 31 March 2021: 1 April A new motor costing RM 33,000 was fitted on Machine A. This improved the performance of the machine by 200%. 1 May Bought Motor Vehicle Z for RM 38,000. The price included insurance for the first year of RM 500 1 August Bought Machine C, trading in Machine B for RM 112,000, and paying cash of RM 200,000. Pfizor Sdn Bhd depreciates machinery on a straight-line basis over a period of 10 years assuming a nil residual value. Motor vehicles are depreciated using the sum of the years' digit method over a period of 5 years and assuming a nil residual value. It is the company's policy to charge a full year's depreciation on all assets in use at the end of a year irrespective of the date of purchase. Assets sold during a year are not depreciated. a) Prepare the following ledger accounts to record the above transactions in respect of the year ended 31 March 2021: i. Motor vehicles at cost ii. Provision for depreciation on motor vehicles iii. Machinery at cost iv. Provision for depreciation on machinery v. Machinery disposal