- Question 2 Dabong Bhd Is A Malaysian Based Public Listed Company With Head Quarter Located In Dabong Kelantan The Comp 1 (93.08 KiB) Viewed 11 times
QUESTION 2 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: Non-current assets Property, plant and equipment Investment property Development cost Current assets Inventories Dabong Bhd
Statement of financial position as at 31 December 2015 RM'000 Trade receivables Cash and cash equivalents Tax recoverable Total assets Equity: Ordinary share capital Reserves Non-current liabilities 10% Loan Deferred tax Environmental provision Current liabilities 10% Loan Tax payable Trade payables Total equity and liabilities Revenue Cost of sales Gross profit Distribution costs Administration expenses 3 Finance costs Profit before taxation Income tax expense Profit for the year 16.100 180 1,850 5,500 1,500 1,080 150 26,360 9,500 7,760 1,700 3,300 2,000 2,100 Dabong Bhd
Statement of profit or loss for the year ended 31 December 2015 26,360 2014 RM'000 10,250 250 1,100 2,600 900 850 Nil 15,950 7,000 2,950 2,000 800 1,500 1,700 15,950 RM'000 55,000 (32,400) 22,600 (7,800) (8,900) (1,050) 4,850 (650) 4,200 Additional information: 1. During the year the
company disposed of an equipment with a carrying amount of RM1 million and was sold for RM750,000. The remaining movement on property, plant and equipment after charging depreciation of RM1.1 million was the cost of replacing plant. 2. The loss on disposal of equipment and the depreciation expense was charged to administrative expenses.
3. During the year ended 31 December 2015, a further RM950,000 was spent completing the development project at which date marketing and production started. 4. Investment property was measured using fair value model. Any change in fair value was included in administrative expenses.
b. Prepare an extract of
Statement of Cash Flows (operating activities only) for the year ended 31 December 2015 using indirect method and in accordance with the requirements of MFRS 107
Statement of Cash Flows. (10 marks) (Total: 40 Marks)
b. Prepare an extract of
Statement of Cash Flows (operating activities only) for the year ended 31 December 2015 using indirect method and in accordance with the requirements of MFRS 107
Statement of Cash Flows. (10 marks) (Total: 40 Marks)