Soalan Presentation FA 3

8/6/2019 Soalan Presentation FA 3

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Hak Milik Sant Sahabat dan Kawan-Kawan. Dibenarkan untuk tujuan pembelajaran sahaja

POLITEKNIK TUANKU SULTANAH BAHIYAHKULIM HI-TECH PACK

09000 KULIM

KEDAH DARUL AMAN

TEL: 04-40333333

WEBSITE: www.ptsb.edu.my

PRESENTATION

NAME & MATRIX NO.:

NOR FARAHA NADIA BINTI RAMLAN (16DAT08F1072)

NURLIANA BINTI ROSLI (16DAT08F1033)

NOORHAZLIN BINTI TAHARIM (16DAT08F1071)

WAN NOOR ZAHIDAH BINTI WAN MOHD ZAWAWI (16DAT08F1035)

MOHAMAD ZULFADLI BIN NORMAN (16DAT08F1008)

VASANT A/L CHUAN (16DAT08F1016)

MUHD ZAMIR BIN ZAINAL (16PAT10F1006)

LECTURERS NAME:

MADAM HASMIDA BINTI MOHAMAD HASSAN


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QUESTION

1


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The summarised accounts of Cinderella Bhd for the year ended 31 December 2006 and year

ended 31 December 2007 are given below :

Balance Sheet as at 31 December :

2006 2007

Non-current Assets (RM)000 (RM)000

Land and building (cost) 90 000 149 500

Accumulated depreciation building (10 000) (12 500)

Plant and machinery (cost) 104 000 108 000

Accumulated depreciation plant and machinery (52 000) (48 000)

Investment 52 000 48 000

Current assetsInventories 30 800 33 600

Trade receivables 36 200 24 800

Cash in hand 100 5 000

Tax recoverable 500 Nil

251 600 308 400

Shareholder Equity - Issued and paid up capital

Ordinary share of RM1.00 each 60 000 90 000

Preference share of RM1.00 each 40 000 44 000

Reserves

Share premium Nil 11 000

General reserve 20 000 28 000

Profit and loss balance 33 600 39 400

Non-current liabilities

Debentures 20 000 16 000

Current liabilities

Bank overdraft 48 000 42 000

Trade payables 24 000 27 600

Tax payable Nil 400

Dividend payable 6 000 10 000

251 600 308 400


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Cinderella Bhd

Income Statement for the year ended 31 December 2007

RM000 RM000

Revenue (Sales) 358 500

Cost of sales (180 000)

Gross Profit 178 500

Expenses :

Operating expenses (137 800)

Loss on sale of plant (2000)

38 700

Gain on sale of investment 3 000

Income from investment 4 100

Interest (1 500)

Profit before taxation 44 300

Taxation (12 000)

Profit after taxation 32 300

Profit and balance b/f 33 600

65 900

Transfer to general reserves 8 000

Interim preference dividend 3 400

Interim ordinary dividend 5 100

Proposed preference dividend 3 400

Proposed ordinary dividend 6 600 (26 500)

39 400


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Additional information :

1. Operating expenses include :

Depreciaton charge on :

Land and building RM 2 500 000

Plant and machinery RM 14 000 000

Plant disposal account

Plant at cost

RM000

20 000 Accumulated depreciation

Income statement

RM000

18 000

2 000

20 000 20 000

2. There was no disposal of land and building during the year.

3. Investments costing RM 10 000 000 were sold and additional investments were bought.

4. Preference share were issued at par value.

You are required to prepare the cash flow statement of Cinderella Bhd for the year ended 31

December 2007 using the indirect method.


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ANSWER

Adjustment

Plant and machinery account

RM 000 RM 000

Balance b/d

Bank

104000

24000

Disposal

Balance c/d

20000

108000

128000 128000

Investment account

RM 000 RM 000

Balance b/d

Bank

52000

6000

Disposal

Balance c/d

10000

48000

50000 50000

Tax account

RM 000 RM 000

Balance b/d

Cash

Balance c/d

500

11100

400

Balance b/d

Profit and Loss

Balance c/d

-

12000

-

12000 12000


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Cinderella Bhd

Cash Flow Statement for the year ended 31 December 2007

RM 000 RM 000

EBIT 44300

(+) NCI

Depreciation of plant and machinery 14000

Depreciation of building 2500

Non Operating Expenses :

Loss on disposal of plant and machinery 2000

Interest expenses 1500

Investment expenses (4100)

Profit on investment (3000) 12900

57200

OPERATING ACTIVITIES :

Debtor 11400

Creditor 3600

Inventories (2800)

12200

(-) Tax (11100)Interest (1500) (400)

Net Cash from Operating Activities 56800

INVESTING ACTIVITIES :

Purchase - land and building (59500)

Purchase - plant and machinery (24000)

Purchase investment (6000)

Cash from investment sale 13000

Investment income 4100

Net Cash from Investing Activities (72400)

FINANCING ACTIVITIES :

Issue share - ordinary share 30000

- preference share 4000

Debenture (4000)

Proposed dividend (14500)


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Share Premium 11000

Net Cash from Financing Activities 26500

Cash inflow / outflow 10900

Bank b/d (47900)

Bank c/d (37000)


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QUESTION

2


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Below are the comparative Balance Sheet of Keranji Bhd. asat 31 December 2008 and 2007 and the

Income Statement for the year ended 31 December 2008.

Balance Sheet as at 31 December 2007 and 2008

2007 2008

000,000 000,000Cash and cash equivalents 6 43

Trade receivables (debtors) 21 23

Inventory 20 26

Investments 80 100

Vehicle (at cost) 130 195

Accumulates depreciation (52) (79)

205 308

Trade payable 13 18

Interest payable 7 8

Taxes payable 7 10Long term loans 18 26

Share capital 120 152

Retained earnings 17 68

205 308

Income Statement for the year ended 31 December 2008

000,000

Sales revenue 320

Cost of sales 143

Gross profit 117Investment income interest received 5

Gain on disposal of vehicle 7

Depreciation 10

Administration and selling expenses (13)

Operating profit before interest 137

Interest expenses (20)

Profit after deducting interest 117

Taxation (35)

Profit 82

Additional Information:

1. During the year ended 31 December 2008, the company acquired vehicle costing

RM90,000,000.

2. The dividend paid during the year ended 31 December 2008 was RM31,000,000.3. During the year ended 31 December 2008, vehicle costing RM25,000,000 (book value

RM13,000,000) was sold for RM20,000,000

REQUIRED

Prepare the Cash Flow Statement for the year ended 31 December 2008 (using indirect

method)


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Keranji Limited

Cash Flow Statement for the year ended 31 December 2008

000,000 000,000

EBIT (Earning Before Income Tax) 117

Adjustment - Non Cash Item

Depreciation 39

Interest Expenses 20

Gain on sold vehicle (7)

Interest Income (5)

47

164

Operating Activities

Inventory (6)

Debtor (2)

Creditor 5(3)

( - ) Tax (32)

Interest Expenses (19)

(54)

Net cash inflow from operating activities 110

Investment Activities

Investment (20)

Investment Income 5

Purchase Vehicle (90)

Cash from vehicle disposal 20

Net cash inflow from investment activities (85)

Financing Activities

Share capital 32

Loan 8

Premium 3

Propose dividend (31)

Net cash inflow from financing activities 12

Net cash inflow/outflow 37

( + ) Cash b/d 6

Cash c/d 43


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Interest

000,000 000,000

Cash 19 Balance b/d 7

Balance c/d 8 Profit and Loss 20

27 27

Tax

000,000 000,000

Cash 32 Balance b/d 7

Balance c/d 10 Profit and Loss 35

47 42

Vehicle

000,000 000,000

Balance b/d 130 Disposal 25

Cash 9 Balance c/d 195

220 220

Soalan Presentation FA 3

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