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Sunlife Bhd, a public listed company furnished you with the following summarized balance sheets: Sunlife Bhd Balance sheet as at 30 September .... 2019 RM
Sunlife Bhd, a public listed company furnished you with the following summarized balance sheets: Sunlife Bhd Balance sheet as at 30 September .... 2019 RM 2020 RM 10% preference shares of RM1.00 each Ordinary shares of RM2.00 each Retained earnings 5% debentures General reserves Accounts payable Dividend payable Accumulated depreciation - motor vehicles Accumulated depreciation - plant and machinery Tax payable 360,000 4,550,000 910,000 310,000 310,000 250,000 95,000 510,000 370,000 220,000 3,960,000 820,000 20,000 560,000 220,000 95,000 420,000 330,000 75,000 6,720,000 Opening 3,220,000 1,520,000 960,000 90,000 270,000 300,000 160,000 50,000 40,000 110,000 Freehold land and building (net book value) Plant and machinery (cost) Motor vehicles (cost) Long term investments Inventories Accounts receivable Cash at bank Short term investments Accrued revenue Prepayments Tax recoverable/refund 7,665,000 Closing 2,910,000 1,810,000 1,583,000 10,000 372,000 370,000 240,000 220,000 50,000 35,000 65,000 7,665,000 6,720,000 Additional information: a. The increase in the ordinary share capital was due to the issue of bonus shares from the company's retained earnings during the year. There was no new issue of ordinary shares for cash. b. Last year's dividend in arrears were paid (net of tax) together with the current year interim dividend. The total payment was recorded at RM120,000. C. On 1 May 2020, additional 5% debentures were issued at par. d. Freehold land and building was sold at a profit of RM130,000. e. There were no disposal of plant and machinery and motor vehicles made during the year. f. Tax expense for the year ended 30 September 2020 was assessed at RM60,000. g. Long term investments were disposed at RM110,000. Short-term investments were part of the cash and cash equivalents. Required: A cash flow statement for Sunlife Bhd for the year ended 30 September 2020, using the indirect method. (Show relevant workings)
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