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Zynia Bhd is a merchandising company that prepares its financial statements on 31 December 2020. The company's financial statements are shown below. Zynia Bhd Statement
Zynia Bhd is a merchandising company that prepares its financial statements on 31 December 2020. The company's financial statements are shown below. Zynia Bhd Statement of Profit Or Loss And Other Comprehensive Income For The Year Ended 31 December 2020 RM8000 Revenue Cost of goods sold Gross profits 5,400 (2,000) 34,400 Depreciation expenses Other operating expenses Gain on sale of land Loss on sale of equipment Profit before tax (100) (1,100) 50 (20) 2,260 Zynia Bhd Statement of Financial Position as at 31 December 2020 Current Assets Inventories Trade receivables Cash and cash equivalents 2020 RM'000 310 650 420 1,380 2019 RM'000 380 430 180 990 Non-Current Assets Land Property, land and equipment Accumulated depreciation 1,700 3,300 (400) 5,980 1,800 3,000 300 5,490 Current liabilities Trade payables Note payables 310 650 960 390 550 940 Equity Share capital Retained eamings 4,200 820 4,000 550 5,980 5,490 Composition of cash and cash equivalents as at 31 December 2020: 2020 2019 RM'000 RM'000 Cash 20,000 70,000 Short term investments 400,000 110,000 Additional information: Dividends paid for the year amounted RM1,990,000. For land as well as property, plant and equipment, the following occurred during the year: i. Purchase of a machine at the cost of RM400,000. ii. A piece of land was brought for RM100,000 and sold at RM150,000. iii. An equipment that cost RM120,000 with a carrying value of RM100,000 was sold for RM80,000. Required: Based on the information given, prepare the Statement of Cash Flows for Zynia Bhd for the year ended 31 December 2020
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