The consolidated accounts of the Redang Bhd group for the year ended 31 March 2022 is as follows.

Additional Information:

i) Dividend paid and declared by Redang Bhd during the year amounted to 20 sen per share.

ii) Included in the consolidated operating expenses are loss on disposal of fixed assets of

RM100,000 and depreciation of RM350,000,

iii) On 1 April 2021, Redang Bhd acquired a 90% interest in a company called Tioman Bhd

for a consideration of RM3 million. The consideration was discharged by issuing

3,000,000 ordinary shares in Redang Bhd at RM1. The fair value of the net assets of

Tioman Bhd at date of acquisition were as follows:

RM'000

Office Equipment 1,000

Raw Material Stocks 600

Trade Receivables 550

Bank 500

Trade Payables (450)

iv) Redang Bhd acquired a 45% interest in a company called Sipadan Bhd on 1 April 2021

by payment of cash of RM600,000.

v) On 31 March 2022 machinery with a net book value of RM700,000 was sold for

RM600,000 cash.

Required:

a) Prepare the consolidated cash flow statement for the year ended 31 March 2022 using the direct method. (13 marks)

b) Show the reconciliation of profit before tax to cash flow from operations. (7 marks)

c) Show the relevant workings for operating, investing, and financing activities. (10 marks)

Property, Plant \& Equipment Investment Properties 3,0001,0007001,0009001,000 Goodwil on consolidation Current Assets Inventory Trade \& Other Receivables \begin{tabular}{rc} 2,000 & 1,700 \\ 3,000 & 4,550 \\ 500 & \\ 2,200 & 550 \\ \hline 13,400 & 8,700 \\ \hline \end{tabular} Deferred Tax Asset Cash \& Cash Equivalent Share Capital \& Reserves Ordinary shares of RM1 each \begin{tabular}{rr} 6,200 & 3,000 \\ 1,000 & 800 \\ 2,260 & 900 \\ \hline 9,460 & 4,700 \\ 600 & 550 \end{tabular} 5% Debentures Retained profits Non-Controlling Interest Current Liabilities \begin{tabular}{lrr} Other Payables & 600 & 300 \\ Income Tax Payable & 400 & 400 \\ Employee Benefits & 300 & 300 \\ Deferred Tax Liability & 800 & 100 \\ Trade Creditors & 1,240 & 2,350 \\ \cline { 2 - 3 } & 13,400 & 8,700 \\ \hline \end{tabular} Consolidated Statement of Comprehensive Income for the vear ended 31 March 2022 Turnover \begin{tabular}{c} RM'000 \\ 12,000 \\ (4,130) \\ \hline 7,870 \end{tabular} Distribution expenses (450) Marketing expenses (880) Administration expenses Operating profit 4,195(2,345) Finance costs (50) Share of profits of associated companies Profit before tax Tax Profit after tax (700)3,545 Profit after tax attributable to: Equity holders of parent 2,6009453,545 Property, Plant \& Equipment Investment Properties 3,0001,0007001,0009001,000 Goodwil on consolidation Current Assets Inventory Trade \& Other Receivables \begin{tabular}{rc} 2,000 & 1,700 \\ 3,000 & 4,550 \\ 500 & \\ 2,200 & 550 \\ \hline 13,400 & 8,700 \\ \hline \end{tabular} Deferred Tax Asset Cash \& Cash Equivalent Share Capital \& Reserves Ordinary shares of RM1 each \begin{tabular}{rr} 6,200 & 3,000 \\ 1,000 & 800 \\ 2,260 & 900 \\ \hline 9,460 & 4,700 \\ 600 & 550 \end{tabular} 5% Debentures Retained profits Non-Controlling Interest Current Liabilities \begin{tabular}{lrr} Other Payables & 600 & 300 \\ Income Tax Payable & 400 & 400 \\ Employee Benefits & 300 & 300 \\ Deferred Tax Liability & 800 & 100 \\ Trade Creditors & 1,240 & 2,350 \\ \cline { 2 - 3 } & 13,400 & 8,700 \\ \hline \end{tabular} Consolidated Statement of Comprehensive Income for the vear ended 31 March 2022 Turnover \begin{tabular}{c} RM'000 \\ 12,000 \\ (4,130) \\ \hline 7,870 \end{tabular} Distribution expenses (450) Marketing expenses (880) Administration expenses Operating profit 4,195(2,345) Finance costs (50) Share of profits of associated companies Profit before tax Tax Profit after tax (700)3,545 Profit after tax attributable to: Equity holders of parent 2,6009453,545