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The final account of Haja Bhd and its subsidiary companies for the year 2021 (with final accounts for the year 2020 as comparative figures) are
The final account of Haja Bhd and its subsidiary companies for the year 2021 (with final accounts for the year 2020 as comparative figures) are as follows: (1) Consolidated Statement of Financial Position as at 31 December 2021. Goodwill on consolidation Machinery (net) Stock Trade debtors: Cash Share capital Retained profit Minority interests Long term loan Trade creditors Tax payable Dividend payable 2021 2020 RM'000 100 RM'000 3100 2200 300 320 400 200 100 80 4000 2800 1000 1000 1550 990 140 120 200 520 250 490 340 100 100 4000 2800 (II) Consolidated Statement of Comprehensive Income for the year ended 31 December 2021. Profit before tax Tax Profit after tax Minority interests Profit attributable to shareholders Dividends Retained profit for the year Retained profit as at 1 January Retained profit as at 31 December 2021 2020 RM'000 RM'000 1110 700 400 250 710 450 50 20 660 430 100 100 560 330 990 660 1550 990 This is after charging depreciation expense of RM200,000.00 (2020: RM150,000.00) and crediting profit on sale of machinery of RM10,000.00 (2020: nil). (Note: the book value of the machinery sold was RM80,000.00) During the year 2021, Haja Bhd acquired the entire issued share capital of Zuka Bhd for a cash consideration of RM500,000.00. Zuka Bhd's statement of financial position at the time it was acquired was as follows (all the assets and liabilities were stated at their respective fair values): Machinery (net) Trade debtors Cash Share capital Retained profit Long term loan Trade creditors RM'000 500 140 10 650 300 100 200 50 650 REQUIRED: Prepare the Consolidated Statement of Financial Position for Haja Bhd and its subsidiary companies after acquisition of Zuka Bhd for the year ended 31 December 2021. [15 Marks]
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