Tosse Bhd, a listed company, has the following draft financial statements for the year ended 30 June 2014.

Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2014

		RM000
Sales		9,819,000
Cost of sales		(4,865,000)
		4,954,000
Wages and salaries		(660,000)
Interest on debenture		(117,000)
Selling expenses		(490,000)
General expenses		(700,000)
Profit before tax		2,987,000
Income tax expense		(745,000)
Profit for the year		2,242,000

Statement of Financial Position as at 30 June 2014

Non-current assets		RM000
Property, plant and equipment		6,090,000
Investment property		800,000
Biological assets		650,000
Intangible assets		1,500,000
Currents assets
Inventory		875,000
Receivables		400,000
Bank		210,000
		10,525,000
Equity
Ordinary share capital at RM1 each		3,000,000
Retained earnings		2,320,000
Other reserves		2,700,000
Non-current liabilities
9% Debentures		1,300,000
Current liabilities
Payables		685,000
Tax payable		520,000
		10,525,000

Additional information:

1. Sales include RM15,000,000 being the proceeds from the sales of a motor vehicle disposed during the year. This motor vehicle has a cost RM50,000,000 and an accumulated depreciation of RM20,000,000.
2. Retained earnings as at 1 July 2013 was RM78,000,000.
3. Property, plant and equipment consist of the following:

As at 30 June 2013	Cost/ valuation	Accumulated depreciation	Carrying value
	RM000	RM000	RM000
Freehold land	3,000,000		3,000,000
Buildings	3,000,000	750,000	2,250,000
Plant and equipment	800,000	160,000	640,000
Motor vehicles	500,000	300,000	200,000

It is the companys policy to depreciate all property, plant and equipment using the straight-line method. The useful lives of the property, plant and equipment are as follows:

Freehold buildings	40 years (charge to distribution and administration expenses at a ratio of 40:60)
Plant and equipment	10 years (charge to cost of sales)
Motor vehicles	5 years (charge to distribution and administration expenses at a ratio of 80:20)

4. The opening inventory was overstated by RM30,000,000 and the net realisable value of the closing inventory was RM800,000,000.
5. In November 2013, a customer initiated a legal proceedings claiming damages of RM1,400,000,000 against Tosse Bhd for misleading advertisement. As at 30 June 2014, Tosse Bhds lawyers were of the opinion that the likelihood of Tosse Bhd winning the case is very low.
6. On 2 July 2014, one customer who owed RM20,000,000 was declared a bankrupt and it was unlikely that the company is able to collect any amount due.

Required:

Prepare, in accordance with MFRS101 Presentation of Financial Statements and other relevant Malaysian Financial Reporting Standards:

1. Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2014.
2. Statement of Financial Position as at 30 June 2014.
3. Statement of Changes in Equity for the year ended 30 June 2014.
4. Note on property, plant and equipment.