The Statement of Financial Position of Syscoin Bhd as at 31 December are as follows:2021RM3,520,000900,0001,960,000900,0001,140,000860,000720,00010,000,0003,000,000800,000600,0002,000,000640,000400,000340,000600,000720,000900,00010,000,000Non-current assets at NBVGoodwillInvestment in associateInventoriesReceivablesShort term investmentsCashOrdinary sharesShare premiumRevaluation reservesRetained profitsNon-controlling interestLoan stocksDeferred taxationProposed dividendsTaxationPayablesGroups profit before taxation after charging / (crediting):DepreciationGoodwill impairedInterest expenseInterest income2020Gain on sale of non-current assetsShare of profit in associateNet profit before taxationRM2,120,0001,000,0001,560,0001,000,000860,000560,000500,0007,600,0002,000,000400,000200,0001,300,000The statement of comprehensive income of Syscoin Bhd for the year ended 31 December2021 is as follows:300,000800,000400,000400,000800,0001,000,0007,600,000RM500,000100,00080,000(40,000)(100,000)RM1,760,0001,000,0002,760,000 Taxation - group- AssociateNet profit after taxationNon-controlling interestProfit attributable to shareholders(660,000)(400,000)Required:Prepare the group cash flow statement using indirect method.(1,060,000)1,700,000(400,000)1,300,000(600,000)700,000Proposed dividendsRetained earnings for the yearAdditional information:i. Short term investments are marketable securities and are part of the company's cashmanagement.ii. During the year, some non-current assets with a net book value of RM200,000 were soldfor RM300,000 cash. Some properties were revalued upwards by RM400,000 and thesurplus credited to revaluation reserves.iii. Dividends (net) received from associate during the year totalled RM200,000.iv. Dividends paid by subsidiaries to minority shareholders totalled RM60,000.

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The Statement of Financial Position of Syscoin Bhd as at 31 December are as follows: 2021 RM Non-current assets at NBV Goodwill Investment in associate Inventories Receivables Short term investments Cash Ordinary shares Share premium Revaluation reserves Retained profits Non-controlling interest Loan stocks Deferred taxation Proposed dividends Taxation Payables 3,520,000 900,000 1,960,000 900,000 1,140,000 860,000 720,000 10,000,000 3,000,000 800,000 600,000 2,000,000 640,000 400,000 340,000 600,000 720,000 900,000 10,000,000 2020 RM 2,120,000 1,000,000 1,560,000 1,000,000 860,000 560,000 500,000 7,600,000 Groups profit before taxation after charging / (crediting): Depreciation Goodwill impaired Interest expense Interest income Gain on sale of non-current assets Share of profit in associate Net profit before taxation 2,000,000 400,000 200,000 1,300,000 300,000 800,000 400,000 400,000 800,000 1,000,000 7,600,000 The statement of comprehensive income of Syscoin Bhd for the year ended 31 December 2021 is as follows: RM 500,000 100,000 80,000 (40,000) (100,000) RM 1,760,000 1,000,000 2,760,000

The Statement of Financial Position of Syscoin Bhd as at 31 December are as follows: 2021 RM Non-current assets at NBV Goodwill Investment in associate Inventories Receivables Short term investments Cash Ordinary shares Share premium Revaluation reserves Retained profits Non-controlling interest Loan stocks Deferred taxation Proposed dividends Taxation Payables 3,520,000 900,000 1,960,000 900,000 1,140,000 860,000 720,000 10,000,000 3,000,000 800,000 600,000 2,000,000 640,000 400,000 340,000 600,000 720,000 900,000 10,000,000 2020 RM 2,120,000 1,000,000 1,560,000 1,000,000 860,000 560,000 500,000 7,600,000 Groups profit before taxation after charging / (crediting): Depreciation Goodwill impaired Interest expense Interest income Gain on sale of non-current assets Share of profit in associate Net profit before taxation 2,000,000 400,000 200,000 1,300,000 300,000 800,000 400,000 400,000 800,000 1,000,000 7,600,000 The statement of comprehensive income of Syscoin Bhd for the year ended 31 December 2021 is as follows: RM 500,000 100,000 80,000 (40,000) (100,000) RM 1,760,000 1,000,000 2,760,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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