Required:(a) Prepare the consolidated statement of cash flow for Maya group for the year ended 31December 2021 using the indirect method.(b) Advice the management on how to improve the cash flow of Maya group. The following are the consolidated financial statements of Maya Group for the financial yearended 31 December 2021.Consolidated Statement of Profit or Loss and Other Comprehensive IncomeFor the year ended 31 December 2021RevenueOperating expensesProfit from operationsGain on disposal of subsidiaryFinance costsShare of profit of associateProfit before taxTax expenseProfit after taxOther comprehensive income (OCI)Investment thorough OCIOther comprehensive income from associateTotal comprehensive incomeProfit attributable to:Non-controlling interestEquity holders of the parentOCI attributable to:Non-controlling interestEquity holders of the parentNon-current assetsProperty, plant and equipmentGoodwillInvestment in associateCurrent assetsInventoriesTrade receivablesCash and cash equivalentsTotal assetsEquityContributed ordinary share capitalRevaluation reservesNon-controlling interestRetained earningsNon-current liabilitiesLong-term loanDeferred tax(RM'000)20,900(11,550)9,3501,000(350)1,150Current liabilitiesTrade payablesInterest payableTax payableTotal Equity and Liabilities11,150(2,250)8,900Consolidated Statement of Financial Positionas at 31 December 20212,00050011,4009507,9508,9001,20010,20011,4002021(RM'000)25,45019,3006,2004,7003,9002,10061,65015,0007,5003,10017,5505,0001,5008,0001253,87561,6502020(RM'000)16,25018,5005,4004,3503,3001,40049,20015,0005,2503,20010,8503,0001,0507,250753,52549,200

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Description: Required:(a) Prepare the consolidated statement of cash flow for Maya group for the year ended 31December 2021 using the indirect method.(b) Advice the management on how to improve the cash flow of Maya group. The following are the consolidated fina

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Business

Accounting

(a) Prepare the consolidated statement of cash flow for Maya group for the year ended 31 December 2021 using the indirect method. (b) Advice the management on how to improve the cash flow of Maya group.

(a) Prepare the consolidated statement of cash flow for Maya group for the year ended 31 December 2021 using the indirect method. (b) Advice the management on how to improve the cash flow of Maya group.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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Question

Required:
(a) Prepare the consolidated statement of cash flow for Maya group for the year ended 31
December 2021 using the indirect method.
(b) Advice the management on how to improve the cash flow of Maya group.

The following are the consolidated financial statements of Maya Group for the financial year
ended 31 December 2021.
Consolidated Statement of Profit or Loss and Other Comprehensive Income
For the year ended 31 December 2021
Revenue
Operating expenses
Profit from operations
Gain on disposal of subsidiary
Finance costs
Share of profit of associate
Profit before tax
Tax expense
Profit after tax
Other comprehensive income (OCI)
Investment thorough OCI
Other comprehensive income from associate
Total comprehensive income
Profit attributable to:
Non-controlling interest
Equity holders of the parent
OCI attributable to:
Non-controlling interest
Equity holders of the parent
Non-current assets
Property, plant and equipment
Goodwill
Investment in associate
Current assets
Inventories
Trade receivables
Cash and cash equivalents
Total assets
Equity
Contributed ordinary share capital
Revaluation reserves
Non-controlling interest
Retained earnings
Non-current liabilities
Long-term loan
Deferred tax
(RM'000)
20,900
(11,550)
9,350
1,000
(350)
1,150
Current liabilities
Trade payables
Interest payable
Tax payable
Total Equity and Liabilities
11,150
(2,250)
8,900
Consolidated Statement of Financial Position
as at 31 December 2021
2,000
500
11,400
950
7,950
8,900
1,200
10,200
11,400
2021
(RM'000)
25,450
19,300
6,200
4,700
3,900
2,100
61,650
15,000
7,500
3,100
17,550
5,000
1,500
8,000
125
3,875
61,650
2020
(RM'000)
16,250
18,500
5,400
4,350
3,300
1,400
49,200
15,000
5,250
3,200
10,850
3,000
1,050
7,250
75
3,525
49,200

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