Comparative statement of financial position of Alpha Sdn Bhd as at 31 December 2023 and 2022 are as following: 2023 2022 RM million RM million Cash at bank 108.5 50.4 Accounts receivable (less: provision for doubtful debts) 393.0 219.0 Inventories 84.0 134.4 585.5 403.8 Plant and equipment (NBV) 475.6 364.8 Investment in government securities 33.6 33.6 509.2 398.4 Total assets 1,094.7 802.2 Ordinary shares 530.0 290.0 180 million 10% Preference shares 180.0 180.0 Retained earnings 105.0 73.5 815.0 543.5 Accounts payable 205.9 197.8 Tax payable 15.0 10.0 Deferred taxation 37.8 50.9 10% Debentures 21.0 - 279.7 258.7 1,094.7 802.2 Income statement for the year ended 31 December 2023 RM million Sales 860.0 Less: Cost of sales (560.0) Gross profit 300.0 Operating expenses (224.4) Operating profit 75.6 Investment income 9.0 Profit before tax 84.6 Taxation (18.8) Profit after tax 65.8 Interim dividend paid (34.3) Profit attributable to members 31.5 Additional information: Operating expenses include depreciation charge for the year of 8 million and an increase in provision for doubtful debts of RM2.5 million. During the year an item of plant with a net book value of RM19.2 million, was disposed off with a gain on disposal of RM14.4 million. The 10% Debentures were issued at par on 31 December Required: Prepare the cash flow statement for Alpha for the year ending 31 December 2023 using the direct (26 marks) Show the reconciliation of profit before tax to net cash flow from operating (14 marks) Please give calculation in T statement account. Please give full calculation working step by step.
Comparative
|
|
2023 |
2022 |
|
|
RM million |
RM million |
|
Cash at bank |
108.5 |
50.4 |
|
|
393.0 |
219.0 |
|
Inventories |
84.0 |
134.4 |
|
|
585.5 |
403.8 |
|
Plant and equipment (NBV) |
475.6 |
364.8 |
|
Investment in government securities |
33.6 |
33.6 |
|
|
509.2 |
398.4 |
|
Total assets |
1,094.7 |
802.2 |
|
Ordinary shares |
530.0 |
290.0 |
|
180 million 10% |
180.0 |
180.0 |
|
|
105.0 |
73.5 |
|
|
815.0 |
543.5 |
|
Accounts payable |
205.9 |
197.8 |
|
Tax payable |
15.0 |
10.0 |
|
Deferred |
37.8 |
50.9 |
|
10% Debentures |
21.0 |
- |
|
|
279.7 |
258.7 |
|
|
1,094.7 |
802.2 |
Income statement for the year ended 31 December 2023
|
|
RM million |
|
Sales |
860.0 |
|
Less: Cost of sales |
(560.0) |
|
Gross profit |
300.0 |
|
Operating expenses |
(224.4) |
|
Operating profit |
75.6 |
|
Investment income |
9.0 |
|
Profit before tax |
84.6 |
|
Taxation |
(18.8) |
|
Profit after tax |
65.8 |
|
Interim dividend paid |
(34.3) |
|
Profit attributable to members |
31.5 |
Additional information:
- Operating expenses include
depreciation charge for the year of 8 million and an increase in provision for doubtful debts of RM2.5 million.
- During the year an item of plant with a net book value of RM19.2 million, was disposed off with a gain on disposal of RM14.4 million.
- The 10% Debentures were issued at par on 31 December
Required:
- Prepare the
cash flow statement for Alpha for the year ending 31 December 2023 using the direct (26 marks)
- Show the reconciliation of profit before tax to net cash flow from operating (14 marks)
Please give calculation in T statement account.
Please give full calculation working step by step.
Step by step
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