The following information relates to the draft fin information relates to the draft financial statements of Maya Bhd. Statement of Financial Position as at 31 March 2017 2018 RM'000 RM'000 RM'000 RM'000 Assets Non-current assets Property, plant and equipment (Note 1) 25,500 19,000 4,600 2,000 Current assets Inventory Trade receivables Income tax asset Bank Total assets 12,500 4,500 500 nil 1500 nil 17,500 36,500 8,100 33,600 10,000 8,000 Equity and liabilities Equity shares of RM1 each Share Premium Retained earnings 53,200 4,500 4,000 6,300 7.700 17,700 10,300 18,300 nil Non-current liabilities 10% loan notes Finance lease obligation Deferred tax 4,800 1,200 5,000 2.000 800 6,000 7,800 5,000 nil nil 2,500 Current liabilities 10% loan note (Note 3) Tax Trade Payables Bank overdraft Finance lease obligations Total equity and liabilities 4,700 1,400 1,700 4,200 nil 800 12,800 36,500 7,500 33,600 The Statement of Profit or Los ment of Profitt e d 31 March Sales Costs of sales Gross Profit Operating Expenses Finance cost Profit before tax Taxation relief (expense) Profit (loss) for the year 2018 RM"000 55.000 (43 800) 11,200 12.000 (1.000) (1 800) 700 (1,100) 2017 RM1000 1.000.000 (600,000) 15.000 6,000 (600) 37400 (2.800 5,600 Additional information: 1. Property, plant and equipment is made up as at: Leasehold property Owned Plant Leased plant 31 March 2018 Nil 12 500.000 6,5000,000 19,000,000 31 March 2017 8,800.000 14,200.000 2,5000.000 25,500,000 During the year Maya sold its leasehold property for RM8.5 million and entered into an arrangement to rent it back from the purchaser. There were no additions to or disposals of owned plant during the year. The depreciation charges (to cost of sales) for the year ended 31 March 2018 were: Leasehold property Owned plant Leased plant RM 200,000 RM1,700,000 RM1,800,000 RM3,700,00 2. On July 2017, there was a bonus issue of shares from share premium of one new share for every 10 held. On 1 October 2017 there was a fully subscribed cash issue of at par. 3. The 10% loan note is due for repayment on 30 June 2018. Maya is in negotiations with the loan provider to refinance the same amount for another five years. 4. The finance costs are made up for the year ended: 31 March 2017 100,000 Finance lease charges Overdraft interest Loan note interest 31 March 2018 300,000 200,000 500.000 1,000,000 nil 500,000 600,000 a) Prepare a statement of cash flows are a statement of cash flows for Maya Bhd for the year ended 31 March 2018 in accordance with MFRS 7 Statement of cash flows using indirect method. (CLO2:PLO3:C3)(23 marks) b) Define "Financing activities" for cash flows statements. (CLO1:PLOI:C1)(2 marks) The following information relates to the draft fin information relates to the draft financial statements of Maya Bhd. Statement of Financial Position as at 31 March 2017 2018 RM'000 RM'000 RM'000 RM'000 Assets Non-current assets Property, plant and equipment (Note 1) 25,500 19,000 4,600 2,000 Current assets Inventory Trade receivables Income tax asset Bank Total assets 12,500 4,500 500 nil 1500 nil 17,500 36,500 8,100 33,600 10,000 8,000 Equity and liabilities Equity shares of RM1 each Share Premium Retained earnings 53,200 4,500 4,000 6,300 7.700 17,700 10,300 18,300 nil Non-current liabilities 10% loan notes Finance lease obligation Deferred tax 4,800 1,200 5,000 2.000 800 6,000 7,800 5,000 nil nil 2,500 Current liabilities 10% loan note (Note 3) Tax Trade Payables Bank overdraft Finance lease obligations Total equity and liabilities 4,700 1,400 1,700 4,200 nil 800 12,800 36,500 7,500 33,600 The Statement of Profit or Los ment of Profitt e d 31 March Sales Costs of sales Gross Profit Operating Expenses Finance cost Profit before tax Taxation relief (expense) Profit (loss) for the year 2018 RM"000 55.000 (43 800) 11,200 12.000 (1.000) (1 800) 700 (1,100) 2017 RM1000 1.000.000 (600,000) 15.000 6,000 (600) 37400 (2.800 5,600 Additional information: 1. Property, plant and equipment is made up as at: Leasehold property Owned Plant Leased plant 31 March 2018 Nil 12 500.000 6,5000,000 19,000,000 31 March 2017 8,800.000 14,200.000 2,5000.000 25,500,000 During the year Maya sold its leasehold property for RM8.5 million and entered into an arrangement to rent it back from the purchaser. There were no additions to or disposals of owned plant during the year. The depreciation charges (to cost of sales) for the year ended 31 March 2018 were: Leasehold property Owned plant Leased plant RM 200,000 RM1,700,000 RM1,800,000 RM3,700,00 2. On July 2017, there was a bonus issue of shares from share premium of one new share for every 10 held. On 1 October 2017 there was a fully subscribed cash issue of at par. 3. The 10% loan note is due for repayment on 30 June 2018. Maya is in negotiations with the loan provider to refinance the same amount for another five years. 4. The finance costs are made up for the year ended: 31 March 2017 100,000 Finance lease charges Overdraft interest Loan note interest 31 March 2018 300,000 200,000 500.000 1,000,000 nil 500,000 600,000 a) Prepare a statement of cash flows are a statement of cash flows for Maya Bhd for the year ended 31 March 2018 in accordance with MFRS 7 Statement of cash flows using indirect method. (CLO2:PLO3:C3)(23 marks) b) Define "Financing activities" for cash flows statements. (CLO1:PLOI:C1)(2 marks)