QUESTION/ SOALAN: MARKS/ MARKAH 1. The following information has been extracted from the financial statements of Waka Berhad for the year ended 31 March 2019, together with comparative figures for the statement of financial position for the previous year. Statement of Comprehensive Income for the year ended 31 March 2019 RM1000 Revenue 350,000 Cost of sales (155,000) Gross profit 195,000 Distribution costs (20,000) Administration expenses (10,000) Profit from operations 165,000 Interest received 1,000 Finance cost (2,000) Profit before tax 164,000 Taxation (41,000) Profit for the period 123,000 Statement of Financial Position as at 31 March 2019 2018 RM1000 RM'000 Assets Non-current assets Cost 380,000 300,000 Accumulated depreciation (76,000) (60,000) 304,000 240,000 Current assets Inventory 85,000 60,000 Trade receivables 45,000 51,000 Bank 36,000 166,000 111,000 Total assets 470,000 351,000 BBFA2203/MAY 2020/LM Equity and liabilities Capital and reserves Ordinary share capital Share premium Revaluation reserve Retained earnings 204,000 40,000 35,000 120,000 399,000 150,000 30,000 30,000 70.000 280,000 10,000 31,000 Non-current liabilities 5% loan notes Current liabilities Bank overdraft Trade Payables Taxation 40,000 21,000 61,000 470,000 15,000 20,000 5,000 40,000 351,000 Total equity and liabilities Additional information: 1. During the year ended 31 March 2019, Waka Berhad sold equipment for RM20,000,000 with realising a profit of RM600,000. There was no revaluation or disposal made on this particular non-current asset. 2. There were no amounts outstanding of interest payable or interest receivable for both years and there was an amount of RM73,000,000 dividend paid during the year. 3. Profits from operations amounting to RM165,000,000 is a net figure after depreciation charges of RM18,000,000. Required: Prepare a statement of Cash Flows for Waka Berhad for the year ended 31 March 2019, in accordance with MFRS 107 Statement of Cash Flows using the indirect method. (Total/ Jumlah: 20)