Given below are the Statements of Financial Position and the Statement of Profit or Loss for BA107 Trading Bhd: 2020 (RM) Sales 505,000 Cost of sales (105,000) Gross profit 400,000 Expenses (252,000) Profit before tax 148,000 Taxation (40,000) Profit after tax 108,000 2020 2019 (RM) (RM) Property, plant and equipment 355,000 300,000 Trade receivables 80,000 75,000 Inventory 145,000 120,000 Bank balance 24,500 15,000 604,500 510,000 Ordinary share capital 250,000 250,000 Retained profits 222,500 140,000 472,500 390,000 Other payables 87,000 90,000 Trade payable 45,000 30,000 604,500 510,000 Additional information: (a) Dividend paid by the Company was RM25,500. (b) The dividend declared have all been paid. Included in other payables of 2020 is an amount of current tax payable of RM20,000. (c) Depreciation was RM32,000 and a non-current asset with carrying amount of RM12,500 was disposed of for a cash consideration of RM40,500 during the year. The depreciation and gain on disposal of property, plant and equipment are included in “Expenses”. Required: Prepare the Statement of Cash Flows for the year ended 31 December 2020 by using the direct and indirect methods.
Given below are the
2020
(RM)
Sales 505,000
Cost of sales (105,000)
Gross profit 400,000
Expenses (252,000)
Profit before tax 148,000
Profit after tax 108,000
2020 2019
(RM) (RM)
Property, plant and equipment 355,000 300,000
Trade receivables 80,000 75,000
Inventory 145,000 120,000
Bank balance 24,500 15,000
604,500 510,000
Ordinary share capital 250,000 250,000
Retained profits 222,500 140,000
472,500 390,000
Other payables 87,000 90,000
Trade payable 45,000 30,000
604,500 510,000
Additional information:
(a) Dividend paid by the Company was RM25,500.
(b) The dividend declared have all been paid. Included in other payables of 2020 is an amount of current tax payable of RM20,000.
(c)
Required:
Prepare the Statement of
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