QUESTION 6 Ohsem Berhad is a company that sells nutrition supplements and health care products. The financial statements of the company for the year ended 30 June 2016 is shown below: Statement of Profit or Loss for the year ended 30 June 2016 RM Sales 854,400 Cost of sales (225,500) Gross profit 628.900 Salaries expense (249,700) Finance costs (3,500) Other expenses (253,600) Profit before tax 122,100 Income tax (62,300) Profit for the year 59,800 Statement of Financial Position as at 30 June 2015 RM Intangible assets 145,000 Property, plant and equipment 424,800 Inventories 36,400 Trade receivables 106.300 Cash and cash equivalents 67,700 Total assets 800,200 2016 RM 138.000 547.100 43.800 144.600 91.900 965,700 Share capital Share premium Retained camnings Total equity 300,000 42.000 298,400 640,400 350,000 86,000 323 200 759 200 10% bonds payable Trade payable Accruals Tax payable Total liabilities 63.900 41.600 54.300 70,000 40.80 33,400 62 300 206 500 159,800 Total equity and liabilities 800 200 965,700 Additional information: 1. All sales are on credit. 2. Included in other expenses are: Depreciation of property, plant and equipment Impairment of intangibles RM 61,500 7.000 3. Tre are no disposal of property, plant and equipment during the year 4. The company paid dividends to its shareholders amounted to RM35,000 5. The increase in share capital is due to issue of shares at a premium 6 The 10% bonds payable were issued on 1 January 2016 al par Required: Prepare a statement of Cash Flows for Ohsem Berhad for the year ended 30 June 2016 in accordance with MFRS 10 7 Statement of Cash Flows using direct method (TOTAL: 13 MARKS)