2. Given below are the consolidated statements of financial position and the consolidated statement of comprehensive income for Pelangi Berhad and its subsidiary Mentari Berhad: Consolidated Statement of Financial Position as at 31 December Property, plant and equipment Investment in associates company Inventory Trade receivables Bank Ordinary shares of RM1 each Retained profits Non-controlling interest Trade payables 2020 RM'000 1,350 1,000 900 500 300 590 400 4,050 Consolidated Statement of Comprehensive Income for the year ended 31 December 2020 Profit after tax Profit after tax attributable to: 4,050 2,500 560 Profit Share of profits of associate company (less impairment of goodwill) Profit before tax Tax Equity holders of parent company Non-controlling interest 2019 RM'000 1,300 900 500 700 150 3,550 2,500 260 490 300 3,550 2020 RM'000 495 130 625 (50) 575 425 150 575 Additional information: i. Tax charge for the year has been paid. ii. Group depreciation on property, plant and equipment was RM40,000, and there was no disposal of non-current assets during the year. iii. Investments in associate is equity accounted, and the charge for impairment of goodwill in associate was RM10,000. Required: Prepare a consolidated cash flow statement for Pelangi Berhad for the year ended 2020 using the indirect method. Show the working.
2. Given below are the consolidated statements of financial position and the consolidated statement of comprehensive income for Pelangi Berhad and its subsidiary Mentari Berhad: Consolidated Statement of Financial Position as at 31 December Property, plant and equipment Investment in associates company Inventory Trade receivables Bank Ordinary shares of RM1 each Retained profits Non-controlling interest Trade payables 2020 RM'000 1,350 1,000 900 500 300 590 400 4,050 Consolidated Statement of Comprehensive Income for the year ended 31 December 2020 Profit after tax Profit after tax attributable to: 4,050 2,500 560 Profit Share of profits of associate company (less impairment of goodwill) Profit before tax Tax Equity holders of parent company Non-controlling interest 2019 RM'000 1,300 900 500 700 150 3,550 2,500 260 490 300 3,550 2020 RM'000 495 130 625 (50) 575 425 150 575 Additional information: i. Tax charge for the year has been paid. ii. Group depreciation on property, plant and equipment was RM40,000, and there was no disposal of non-current assets during the year. iii. Investments in associate is equity accounted, and the charge for impairment of goodwill in associate was RM10,000. Required: Prepare a consolidated cash flow statement for Pelangi Berhad for the year ended 2020 using the indirect method. Show the working.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:2. Given below are the consolidated statements of financial position and the consolidated
statement of comprehensive income for Pelangi Berhad and its subsidiary Mentari Berhad:
Consolidated Statement of Financial Position
as at 31 December
Property, plant and equipment
Investment in associates company
Inventory
Trade receivables
Bank
Ordinary shares of RM1 each
Retained profits
Non-controlling interest
Trade payables
2020
RM'000
1,350
1,000
590
400
4,050
Consolidated Statement of Comprehensive Income
for the year ended 31 December 2020
Profit after tax
Profit after tax attributable to:
900
500
300
Equity holders of parent company
Non-controlling interest
4,050
2,500
560
Profit
Share of profits of associate company (less impairment
of goodwill)
Profit before tax
Tax
2019
RM'000
1,300
900
500
700
150
3,550
2,500
260
490
300
3,550
2020
RM'000
495
130
625
(50)
575
425
150
575
Additional information:
i. Tax charge for the year has been paid.
ii. Group depreciation on property, plant and equipment was RM40,000, and there was no
disposal of non-current assets during the year.
iii. Investments in associate is equity accounted, and the charge for impairment of goodwill
in associate was RM10,000.
Required:
Prepare a consolidated cash flow statement for Pelangi Berhad for the year ended 2020 using
the indirect method. Show the working.
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