Answer Happy

Question 3
The following are consolidated financial statements of Grande
group.
Consolidated statements of financial position as at 31
December
2020
(RM’000)
2021
(RM’000)
Goodwill
3,830
3,460
Investment in associate
460
600
Property, plant and equipment
19,910
24,540
Current assets:
Inventory
Trade receivables
Bank
1,460
1,420
2,300
1,900
1,860
500
Total
29,380
32,860
Ordinary share capital
15,500
18,900
Group retained profits
6,540
7,800
Non-controlling interest
3,400
3,660
Trade payables
3,320
1,700
Tax payables
620
800
Total
29,380
32,860
Consolidated statement of profit and loss for the year
ended 31 December 2021
$’000
Revenue
12,000
-) Cost of sales
(8,060)
Gross profit
3,940
-) Operating expenses
(2,110)
+) Share of profits in associate
80
+) Gain from disposal of subsidiary
670
Profit before tax
2,580
Tax – group
(600)
Profit after tax
1,980
Profit after tax attributable to :
Shareholders of parent
Non-controlling interest
1,480
500
Additional information:
($’000)
Non-current assets
5,700
Inventory
950
Trade receivables
980
Bank
800
Trade payables
(1,100)
Required:
Note: Show ALL relevant workings.
(15 marks)
(4 marks)