Question 4 Set out below are the financial statements of Endau Bhd. a limited liability company. You have been asked to prepare the company's statement of cash flows, implementing International Accounting Standards 7 (IAS 7 Statement of Cash Flows). Endah Bhd Statement of comprehensive income for the year ended 31 December 2020 RM000 Sales revenue 2,553 Cost of sales 1,814 Gross profit 739 Distribution costs 125 Administrative expenses 264 Operating profit 350 Interest received 25 Interest paid 75 Profit before tax 300 Income tax expense 240 Profit for the year 60 Statement of financial position as at 31 December 2020 RM'000 2019 RM'000 Non-current assets Tangible assets Intangible assets Investments 380 250 305 200 25 630 530 Current assets Inventories Receivables Short-term investments Cash in hand 102 315 150 390 50 2 592 1,222 1 418 948 Equity and liabilities Share capital (RM1 ordinary share) Share premium account Revaluation reserve Retained earnings 200 160 100 160 620 150 150 91 100 491 100 Non-current liabilities Long-term loan Current liabilities Trade payables Bank overdraft Taxation 127 85 290 502 1.222 119 98 240 457 948 The following information is available: 1. The proceeds of the sale of non-current asset investments amounted to RM30,000. 2. Fixtures and fittings, with an original cost of RM85,000 and a carrying value of RM45,000 were sold for RM32.000 during the year. 3. The current asset investments fall within the definition of cash equivalents under IAS 7. 4. The following information relates to property, plant and equipment: 31.12.2020 31.12.2019 RM'000 RM'000 Cost 720 595 Accumulated depreciation 340 290 Carrying value 380 305 5. 50,000 RM1 ordinary shares were issued during the year at a premium of RM0.20 per share. Required: Prepare a statement of cash flows for the year ended 31 December 2020 using the format laid out in IAS 7. Indirect method is to be applied for operating activities. (25 marks) [Total: 25 Marks)