This is BBM206/05 Business Accounting II subject

Question 2 Kopi Sdn Bhd's statement of profit or loss for the year ended 31 December 2018 and statements of financial position at 31 December 2017 and 31 December 2018 were as following: STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2018 RM'000 RM'000 Revenue 720 Raw materials consumed 70 Staff costs 94 Depreciation 118 Loss on disposal of non-current asset 18 Interest payable (28) Profit before tax Taxation (124) Profit for the year 268 392 KOPI SDN BHD STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 2017 Assets RM'000 RM'000 RM'000 RM'000 Property, plant and equipment Cost 1,596 1.560 Depreciation 318 1,278 224 1,336 24 Current assets Inventory Trade receivables Bank Total Assets 76 20 58 56 48 134 148 1.426 1,470 Equity and liabilities Capital and reserves Share capital Share premium Retained earnings 360 36 716 340 24 514 1,112 Non current liabilities Non-current loans Current liabilities | Trade payables Taxation 102 114 86 92 1,470 1,426 During the year, the company paid RM90,000 for a new piece of machinery. Dividends paid during 2018 totaled RM66,000 and interest paid was RM28,000. Required a. Prepare a statement of cash flows for Kopi Sdn Bhd for the year ended 31 December 2018 in accordance with the requirements of MFRS 107 Statement of Cash Flows, using the indirect method; [18 marks] b. Prepare a statement of cash flows for Kopi Sdn Bhd for the year ended 31 December 2018 in accordance with the requirements of MFRS 107 Statement of Cash Flows, using the direct method; [12 marks]