Question 5 Set out below are the financial statements of Signal Sdn Bhd. You are the financial controller, faced with the task of implementing MFRS 107 Statement of Cash Flows. Signal Sdn Bhd Statement of Comprehensive Income for The Year Ended 31 December 2020 Revenue Cost of sales Gross profit Distribution costs Administrative expenses RM'000 9,800 (6,780) 3,020 (300) (230) Interest received 550 Finance costs (185) Profit before taxation 2,855 Taxation (555) Profit for the period 2,300 Other comprehensive income: Surplus on revaluation of property 300 Total comprehensive income for the period 2,600 Signal Sdn Bhd Statement of Financial Position As At 31 December Assets Non-current assets Property, plant and equipment Intangible assets Investments Current assets 2020 RM'000 2019 RM'000 1,120 600 475 425 90 75 Inventories 450 480 Receivables 390 415 Short-term investments 120 150 Cash balances 420 500 Total assets 3,065 2,645 Equity and liabilities Equity Share capital 800 700 Revaluation reserve 400 100 Retained earings 738 816 Non-current liabilities Loan 700 600 Current liabilities Trade payables 307 319 Taxation 120 110 Total equity and liabilities 3,065 2,645 The following information is available: (i) Fixtures and fittings, with an original cost of RM250,000 and a carrying amount of RM140,000, were sold for RM180,000 during the year. (ii) The following information relates to property, plant and equipment: 31.12.2020 31.12.2019 RM'000 RM'000 Cost 1,680 1,090 Accumulated depreciation (560) (490) Carrying amount 1,120 600 (iii) 100,000 ordinary shares were issued during the year. (iv) Signal Sdn Bhd classifies interest paid as an operating cash flow, dividends paid as a financing cash flow and interest and dividends received as investing cash flows. Required: Prepare a statement of cash flows for the year ended 31 December 2020 in accordance with the requirements of MFRS 107, Statement of Cash Flows, using the indirect method. (Show all relevant workings) [40 marks]