Question: b) Prepare the consolidated statement of financial position as at 31 December 2020 using the multiple-stage method.

Question 2 The financial statements of three companies in a group for the year 2020 are as follows: Statements of Comprehensive Income for the year ended 31 December 2020 Johan Berhad Jaya Berhad RM'000 RM'000 Sales Cost of sales Gross profit Dividend income Operating expenses Profit before tax Tax Profit after tax Beginning retained profits Profit for the year Dividend Ending retained profits 800 (600) 200 60 (100) 160 Ordinary shares (RM1) Retained profits Amount payable to subsidiary Other liabilities (32) 128 Investment in Maju Berhad. Investment in Jaya Berhad Amount receivable from parent Other assets Statements of Changes in Equity (partial) for the year ended 31 December 2020 Maju Berhad Johan Berhad RM 000 210 128 (30) 308 Statements of Financial Position as at 31 December 2020 Johan Berhad Maju Berhad RM'000 RM 000 600 308 60 230 1,198 330 0 0 868 1.198 500 (250) 250 48 (100) 198 (30) 168 RM 000 332 168 (100) 400 Maju Berhad RM 000 300 400 20 420 1.140 400 (150) 250 0 (50) 200 (40) 160 0 280 60 800 1,140 Jaya Berhad RM'000 200 160 (80) 280 Jaya Berhad RM'000 300 280 0 170 750 0 20 730 750 Johan Berhad acquires 60 percents interest in Maju Berhad, on 1 January 2016. when Maju Berhad's retained profits were RM150.000. Maju Berhad acquires 60 percents interest in Jaya Berhad in January 2016 when Jaya Berhad's retained profits were RM100,000 There was an impairment loss of RM20,000 written off in 2018 arising from the acquisition of Maju Berhad. There is no impairment loss arising from the acquisition of Jaya Berhad The group starts to sell to each other in 2020 at cost plus 30 percents. During the year 2020, Jaya Berhad sold goods to Maju Berhad for RM50,000 and Maju Berhad sold goods to Johan Berhad for RM80,000. As at 31 December 2020, the unrealised profit in the inventories of Maju Berhad is RM10,000 and that in the inventories of Johan Berhad is RM15,000. NCI is not measured at fair value on acquisition date. Required: (a) (b) Prepare the consolidated statement of profit or loss and other comprehensive income for Johan Berhad and its subsidiaries for the year ended 31 December 2020. Prepare the consolidated statement of financial position as at 31 December, 2020