Statement of Financial Position as at $31$ December $2022$

Additional Information:

During the year $2022,$ FASB paid RM$400,000$ in dividends to its shareholders and further

declared final dividends of RM$100,000.$ In addition, FASB's associates declared dividends

amounting to RM$60,000.$

Towards the end of the year, an item of machinery that had originally cost RM$500,000$ and

had been depreciated for RM$450,000$ was sold by FASB for RM$80,000.$ Another machine

was subsequently purchased for RM$400,000.$ In addition, FASB bought RM$600,000$ worth of

office buildings during the year.

FASB's senior management decided to buy shares in Bursa Malaysia as a form of

investment. The value of the shares was RM$200,000.$ The purchase was made through

company internal funds.

Interest and Investment income of RM$50,000$ each have not been received. FASB classified

these two items as other current assets.

Interest and accrued expenses of RM$50,000$ and RM$150,000$ respectively were not paid.

FASB treated these two expenses as other current liabilities.

FASB managed to secure an RM$50$ million loan facility with the Al$-$Ruji Bank. The first

drawdown for the year amounted to RM$5$ million.

Tax payable amounting to RM$100,000.$