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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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dear tutor , kindly assist me to solve this question. kindly show each and every step so that it would be easier for me to understand. thank you so much
Transcribed Image Text:1. 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
2020
2019
RM'000
RM'000
Property, plant and equipment
1,350
1,300
Investment in associates company
1,000
900
Inventory
900
500
Trade receivables
500
700
Bank
300
150
4,050
3,550
Ordinary shares of RM1 each
2,500
2,500
Retained profits
560
260
Non-controlling interest
590
490
Trade payables
400
300
4,050
3,550
Transcribed Image Text: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.
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