De Luna Bhd is a major retailer of branded cars in Peninsular Malaysia. The comparative Statement of Financial Position and Statement of Profit or Loss and Other Comprehensive Income for De Luna Bhd as of 30 June 2019 are as follows: 2019 2018 RM’000 RM’000 Non-Current Assets Building 728,000 598,000 Less: Accumulated depreciation 182,000 125,000 546,000 473,000 Current Assets Inventory 252,000 282,000 Accounts receivable 107,000 90,000 Prepayment 41,000 39,000 Cash 55,250 52,000 Total current asset 455,250 463,000 Total Assets 1,001,250 936,000 Equity Share capital 402,000 312,000 Retained earnings 204,000 184,000 Total equity 606,000 496,000 Long-Term liability Bond 102,000 132,000 Current liabilities Accounts payable 155,000 147,000 Salary payable 79,250 104,000 Interest payable 59,000 57,000 Total current liabilities 293,250 308,000 Total Liabilities 395,250 440,000 Total Equity and Liabilities 1,001,250 936,000 De Luna Bhd Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2019 RM’000 Sales 1,287,250 Cost of goods sold (754,000) Gross profit 533,250 Less: Expenses Depreciation 57,000 General expenses 40,150 Interest expense 107,000 Salary expense 284,100 Profit before tax 45,000 Less: Income tax 10,000 Profit after tax 35,000 REQUIRED: (a) Using the indirect method, prepare the Statement of Cash Flow for the year ended 30 June 2019. (b) Prepare the section of cash flows from operating activities using the direct method. dont plagiarise from other tutoring sites
De Luna Bhd is a major retailer of branded cars in Peninsular Malaysia. The comparative
|
|
2019 |
2018 |
|
|
RM’000 |
RM’000 |
|
Non-Current Assets |
|
|
|
Building |
728,000 |
598,000 |
|
Less: Accumulated |
182,000 |
125,000 |
|
|
546,000 |
473,000 |
|
|
|
|
|
Current Assets |
|
|
|
Inventory |
252,000 |
282,000 |
|
|
107,000 |
90,000 |
|
Prepayment |
41,000 |
39,000 |
|
Cash |
55,250 |
52,000 |
|
Total current asset |
455,250 |
463,000 |
|
Total Assets |
1,001,250 |
936,000 |
|
|
|
|
|
Equity |
|
|
|
Share capital |
402,000 |
312,000 |
|
|
204,000 |
184,000 |
|
Total equity |
606,000 |
496,000 |
|
|
|
|
|
Long-Term liability |
|
|
|
Bond |
102,000 |
132,000 |
|
|
|
|
|
Current liabilities |
|
|
|
Accounts payable |
155,000 |
147,000 |
|
Salary payable |
79,250 |
104,000 |
|
Interest payable |
59,000 |
57,000 |
|
Total current liabilities |
293,250 |
308,000 |
|
|
|
|
|
Total Liabilities |
395,250 |
440,000 |
|
Total Equity and Liabilities |
1,001,250 |
936,000 |
De Luna Bhd
Statement of Profit or Loss and Other Comprehensive Income
for the year ended 30 June 2019
|
|
RM’000 |
|
Sales |
1,287,250 |
|
Cost of goods sold |
(754,000) |
|
Gross profit |
533,250 |
|
Less: Expenses |
|
|
Depreciation |
57,000 |
|
General expenses |
40,150 |
|
Interest expense |
107,000 |
|
Salary expense |
284,100 |
|
|
|
|
Profit before tax |
45,000 |
|
Less: Income tax |
10,000 |
|
Profit after tax |
35,000 |
REQUIRED:
(a) Using the indirect method, prepare the Statement of Cash Flow for the year ended 30 June 2019.
(b) Prepare the section of cash flows from operating activities using the direct method.
dont plagiarise from other tutoring sites
Step by step
Solved in 2 steps with 2 images
