Statements of Comprehensive Income & Movements in Retained Profits Penyata Pendapatan komprehensif & Pergerakan dalam Untung Tertahan AB SB RM'000 RM'000 RM'000 RM'000 Sales/Jualan 18,000 9,000 Cost of goods sold/Kos barang dijual: Opening inventories/ (6,000) (4,500) Inventori awal Purchases/Belian (13,500) (6.000) (19,500) (10,500) Closing inventories/ 7,500 (12,000) 4,500 (6,000) Inventori akhir Gross profit/Untung kasar 6,000 3,000 Operating expenses/Belanja operasi (1,320) (600) Gain on sale of properties/ 1.710 1,500 Laba jualan hartanah Profit from operations/Untung daripada operasi 6,390 3,900 Finance costs/Kos pembiayaan (180) (150) Dividend income (net)/Pendapatan dividen (bersih) 840 Profit before taxation/Untung sebelum cukai 7,050 3,750 Taxation/Cukai (1.350) (675) Profit for year/Untung bagi tahun 5,700 3,075 Other comprehensive income (OCI): Lain-lain pendapatan komprehensif(LPK): Gain on financial assets designated at fair value through OCI/ 1.800 1,200 Laba atas aset kewangan yang dibentuk pada nilai saksama melalui LPK Total comprehensive income for the year/ 7.500 4,275 Jumlah pendapatan komprehensif bagi tahun Movements in retained profits: Pergerakan dalam untung tertahan: Retained profits brought forward 7,500 6,975 Untung tertahan bawa hadapan Profit for the year/Untung bagi tahun 5,700 3,075 Available for appropriation/ 13,200 10,050 Tersedia untuk pengagihan Dividends paid/Dividen dibayar (1,950) (1,050) Retained profits carried forward/ 11.250 9,000 Untung tertahan hantar hadapan RM'000 8,700 4,500 12.750 Statement of Financial Position Penyata Kedudukan Kewangan AB SB RM'000 RM'000 RM'000 Property, plant and equipment 15,750 Hartanah, loji dan peralatan Investment in SB, at cost 12,000 Pelaburan dalam SB, pada kos Financial assets designated at fair value/ 7,500 Aset kewangan dibentuk pada nilai saksama Current assets/Aset semasa: Inventories/inventori 7,500 4,500 Trade receivables/ 7,500 4,500 Perdagangan belum terima Other receivables/ 420 1,500 Lain-lain perdagangan Cash and bank balances/ 1,470 16,890 2.250 Tunai dan baki bank Total assets/Jumlah aset 52,140 Ordinary shares of RM1 par/ 24,000 Saham biasa RM1 par Fair value reserve of financial assets 3,000 Rezab nilai saksama aset kewangan Retained profits/Untung tertahan 11.250 38,250 Long-term loans/Pinjaman jangka panjang 1,800 Provisions for claims/Peruntukan untuk tuntutan 4,500 Deferred taxation/Cukai tertunda 1,950 Current liabilities/Liabiliti semasa: Trade payables 2,550 2,100 Perdagangan belum bayar Other payables 765 195 Lain-lain belum bayar Taxation/Cukai 1,350 630 Bills payable/Bil belum bayar 975 5,640 525 Total equity and liability/Jumlah ekuiti dan liabiliti 52, 140 25.950 6,000 3,000 9,000 18,000 1,500 1,500 1,500 3,450 25,950 Additional Information: Included in the property, plant and equipment of SB is a freehold land recorded at cost of RM1,500,000. At acquisition date, this land was said to have a fair value of RM4,500,000. No adjustment has been made in the accounts to reflect this fair value. During 2011, AB purchased inventories for RM3,000,000 from B. Of this amount, RM900,000 remained in the closing inventories of AB at 31 December 2011. The corresponding intragroup sales and closing inventories figures for the 2010 financial years were RM4,500,000 and RM1,200,000 respectively. The profit margin to SB was 25% of the selling price. AB manufactures high technology equipment for sales to customers. In 2009, it transferred four such equipment to SB for the latter's use as property, plant and equipment. The transfer price was RM1,500,000 and AB recorded a RM600,000 profit for the transfer. The group depreciates property, plant and equipment of this type on a straight line basis over 5 years, charging a full year's depreciation in the year of purchase. Investments in quoted shares are classified as financial assets designated at fair value through other comprehensive income in accordance with FRS 139 and the related gain or loss is retained in a fair value reserve. It is the group's policy to measure non-controlling interest at acquisition date fair value. Assume tax rate at 25%. Required: Prepare the consolidated statement of financial position and consolidated statement of comprehensive income of Anisa Bhd and its subsidiary for the year ended 31 December 2011 in accordance with the approved accounting standards. Show workings. Statements of Comprehensive Income & Movements in Retained Profits Penyata Pendapatan komprehensif & Pergerakan dalam Untung Tertahan AB SB RM'000 RM'000 RM'000 RM'000 Sales/Jualan 18,000 9,000 Cost of goods sold/Kos barang dijual: Opening inventories/ (6,000) (4,500) Inventori awal Purchases/Belian (13,500) (6.000) (19,500) (10,500) Closing inventories/ 7,500 (12,000) 4,500 (6,000) Inventori akhir Gross profit/Untung kasar 6,000 3,000 Operating expenses/Belanja operasi (1,320) (600) Gain on sale of properties/ 1.710 1,500 Laba jualan hartanah Profit from operations/Untung daripada operasi 6,390 3,900 Finance costs/Kos pembiayaan (180) (150) Dividend income (net)/Pendapatan dividen (bersih) 840 Profit before taxation/Untung sebelum cukai 7,050 3,750 Taxation/Cukai (1.350) (675) Profit for year/Untung bagi tahun 5,700 3,075 Other comprehensive income (OCI): Lain-lain pendapatan komprehensif(LPK): Gain on financial assets designated at fair value through OCI/ 1.800 1,200 Laba atas aset kewangan yang dibentuk pada nilai saksama melalui LPK Total comprehensive income for the year/ 7.500 4,275 Jumlah pendapatan komprehensif bagi tahun Movements in retained profits: Pergerakan dalam untung tertahan: Retained profits brought forward 7,500 6,975 Untung tertahan bawa hadapan Profit for the year/Untung bagi tahun 5,700 3,075 Available for appropriation/ 13,200 10,050 Tersedia untuk pengagihan Dividends paid/Dividen dibayar (1,950) (1,050) Retained profits carried forward/ 11.250 9,000 Untung tertahan hantar hadapan RM'000 8,700 4,500 12.750 Statement of Financial Position Penyata Kedudukan Kewangan AB SB RM'000 RM'000 RM'000 Property, plant and equipment 15,750 Hartanah, loji dan peralatan Investment in SB, at cost 12,000 Pelaburan dalam SB, pada kos Financial assets designated at fair value/ 7,500 Aset kewangan dibentuk pada nilai saksama Current assets/Aset semasa: Inventories/inventori 7,500 4,500 Trade receivables/ 7,500 4,500 Perdagangan belum terima Other receivables/ 420 1,500 Lain-lain perdagangan Cash and bank balances/ 1,470 16,890 2.250 Tunai dan baki bank Total assets/Jumlah aset 52,140 Ordinary shares of RM1 par/ 24,000 Saham biasa RM1 par Fair value reserve of financial assets 3,000 Rezab nilai saksama aset kewangan Retained profits/Untung tertahan 11.250 38,250 Long-term loans/Pinjaman jangka panjang 1,800 Provisions for claims/Peruntukan untuk tuntutan 4,500 Deferred taxation/Cukai tertunda 1,950 Current liabilities/Liabiliti semasa: Trade payables 2,550 2,100 Perdagangan belum bayar Other payables 765 195 Lain-lain belum bayar Taxation/Cukai 1,350 630 Bills payable/Bil belum bayar 975 5,640 525 Total equity and liability/Jumlah ekuiti dan liabiliti 52, 140 25.950 6,000 3,000 9,000 18,000 1,500 1,500 1,500 3,450 25,950 Additional Information: Included in the property, plant and equipment of SB is a freehold land recorded at cost of RM1,500,000. At acquisition date, this land was said to have a fair value of RM4,500,000. No adjustment has been made in the accounts to reflect this fair value. During 2011, AB purchased inventories for RM3,000,000 from B. Of this amount, RM900,000 remained in the closing inventories of AB at 31 December 2011. The corresponding intragroup sales and closing inventories figures for the 2010 financial years were RM4,500,000 and RM1,200,000 respectively. The profit margin to SB was 25% of the selling price. AB manufactures high technology equipment for sales to customers. In 2009, it transferred four such equipment to SB for the latter's use as property, plant and equipment. The transfer price was RM1,500,000 and AB recorded a RM600,000 profit for the transfer. The group depreciates property, plant and equipment of this type on a straight line basis over 5 years, charging a full year's depreciation in the year of purchase. Investments in quoted shares are classified as financial assets designated at fair value through other comprehensive income in accordance with FRS 139 and the related gain or loss is retained in a fair value reserve. It is the group's policy to measure non-controlling interest at acquisition date fair value. Assume tax rate at 25%. Required: Prepare the consolidated statement of financial position and consolidated statement of comprehensive income of Anisa Bhd and its subsidiary for the year ended 31 December 2011 in accordance with the approved accounting standards. Show workings