Consolidated Statement of Comprehensive Income for the year ended 31 December 2020 2020 RM'000 Profit 495 Share of profits of associate company (less impairment of goodwill) 130 Profit before tax 625 Тах (50) Profit after tax 575 Profit after tax attributable to: Equity holders of parent company 425 Non-controlling interest 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.

Consolidated Statement of Comprehensive Income for the year ended 31 December 2020 2020 RM'000 Profit 495 Share of profits of associate company (less impairment of goodwill) 130 Profit before tax 625 Тах (50) Profit after tax 575 Profit after tax attributable to: Equity holders of parent company 425 Non-controlling interest 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.

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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