- 3 26 Back Far460 Gp2 Pt June 2 Question 1 Tanah Rata Bhd Is A Public Listed Is A Company Involved In The Construc 1 (70.75 KiB) Viewed 9 times
3:26 < Back FAR460_GP2_PT_JUNE 2... Current Liabilities Trade payables Bank overdraft Tax payables Notes on Property, Plant and Equipment 2020 Cost/Valuation Balance b/d Revaluation Transfer to Investment Property Additional Disposal Balance c/d Accumulated Depreciation Balance b/d Transfer to Investment Property Charge for the year Balance c/d Carrying Amount 2019 Cost/Valuation Balance b/d Revaluation Transfer to Investment Property Additional Disposal Balance c/d Accumulated Depreciation Balance b/d Transfer to Investment Property Charge for the year Balance c/d Carrying Amount 1 Land RM000' 125,000 20,000 37,000 (35,000) 147,000 147,000 Land RM000 125,000 125,000 Building RM000' 2 73,000 27,000 551,000 120,000 (9,000) 40.000 151,000 45,000 (4.000) 13,000 54,000 97,000 20,000 125,000 120,000 100,000 al 35,000 10,000 45,000 75,000 Plant and Machinery RM000' 49,000 - 5,000 54,000 13,000 Building Plant and Machinery RM000' RM000' 2,000 15,000 39,000 49,000 49,000 11,500 1,500 13,000 36,000 Q 59,000 29,000 25,000 441,000 Total RM000 294,000 20,000 (9.000) 82,000 (35,000) 352,000 58,000 (4.000) 15,000 69,000 283,000 Total RM000 274,000 20,000 294,000 46,500 11,500 58,000 236,000
3:26 < Back FAR460_GP2_PT_JUNE 2... ← Cost/Valuation Balance b/d Revaluation Transfer to Investment Property Additional Disposal Balance c/d AUTO Accumulated Depreciation Balance b/d Transfer to Investment Property Charge for the year Balance c/d Carrying Amount RM000' 125,000 QUESTION 2 . 20,000 125,000 120,000 125,000 2 RM000' 100,000 Non-current assets Property, plant and equipment 35,000 10,000 45,000 75,000 Machinery RM000' al 49,000 49,000 . 11,500 1,500 13,000 36,000 RM000 274,000 Additional Information: 1. Marketable securities qualify as cash and cash equivalent. 2. During the year, a piece of land costing RM35,000,000 was sold for RM40,000,000. The land disposed do not have any history of revaluation. 20,000 294,000 3. One of the building in Puchong was initially used as administrative purposes. However, starting from April 2020, the management has decided to rent it out to another party. On that date, the building was then transfered to investment property at its fair value of RM6,000,000. The cost and accumulated depreciation of the buiding on the date of transfer was RM9,000,000 and RM4,000,000 respectively. The company adopts fair value model to measure its investment properties subsequently. Dabong Bhd. Statement of financial position as at 31 December 2015 RM'000 46,500 11,500 58,000 4. On 31 December 2020, the company acquired a herd of cows at its fair value less cost to sell of RM25,000,000 in exchange with ordinary share capital tof the company issued o the seller. There was no other acquisition of biological asset during the year. The increase in ordinary share capital during the year was partly due to the acquisition of the cows and the issuance of additional new shares for cash. 236,000 5. During the year, the company had declared and paid the final ordinary dividend of RM5,000,000. 16,100 6. Current year tax expenses and interest expenses was RM5,000,000 and RM2,400,000 respectively. All the interests have been paid during the year. Required: Prepare a Statement of Cash Flows for Tanah Rata Bhd for the year ended 31 December 2020 using indirect method. (20 marks) Dabong Bhd is a Malaysian-based public listed company with head quarter located in Dabong. Kelantan. The Company's business activities include manufacturing and selling biscuit and beverages. Given below are the financial statement of the company for the year ended 31. December 2015: 2014 RM'000 10,250