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Group 5 (Question 4 - January 2005) Below are Statement of Financial Position as at 31 December for Danial Berhad 2003 RM Ordinary

Shares @ RM1 each Share Premium General Reserves Retained Earnings Debenture Proposed Dividend Tax Payable Trade Creditor 80,000 30,000 25,000 70,000 16,000 19,000 33,000 273,000 100,000 90,000 (30,000) 30,000 38,000 26,000 19,000 273,000 120,000 170,000 (45,000) 35,000 42,000 28,000 44,000 394,000 2004 RM 120,000 4,000 52,000 42,000 104,000 21,000 17,000 34,000 394,000

Building - at cost at revaluation Machniery - at cost Accumulated Depreciation - Machinery Investment Inventories Trade Debtors Bank

Additional Information 1) The building were revalued during year 2004. 2) On April 2004, the company were issued bonus shares one for every 4 unit. The bonus share were issued using Revaluation Reserved account. On 1st July 2004, the company were issued a new share ar premium RM0.20 each. 3) The company were sold a machinery at price RM12,500. Cost for this machine are RM25,000 and accumulated depreciation are RM13,500. 4)Debentures were issued at par value. 5) Proposed dividend (Year 2003) and estimated taxation (Year 2003) were paid during year 2004. Required : PREPARE A STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31 DECEMBER 2004

Group 5 (Question 4 - January 2005) Danial Berhad Statement of Cash Flow For The Year Ended 31 December 2004 RM Cash From Operating Activities Nett profit before taxation Adjustment:Depreciation 28,500 Grain on disposal (1,000) Operating profit before working capital changes 27,500 Increase in Trade Creditor 1,000 Increase in Inventories (4,000) Increase in Trade Debtors (2,000) Cash Generated from Operation 22,500 Income Tax Paid (19,000) Net cash inflows from operating activities Cash Flow From Investing Activities Purchases of Machinery Disposal of Machinery Purchases of Investment Net cash outflows from investing activities Cash Flow From Financing Activities Issue of Ordinary Share - Par Issue of Ordinary Share - Premium Issue of Debentures Dividend Paid Net cash inflows from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period

RM 77,000

3,500 80,500

(105,000) 12,500 (5,000) (97,500)

20,000 4,000 34,000 (16,000) 42,000 25,000 19,000 44,000

Group 5 (Question 4 - January 2005) Ordinary Share B/f Revaluation Reserved Bonus Share 120,000 Bank - New Share 120,000 Share Premium B/f 4,000 Bank- New Share 4,000 Revaluation Reserved 20,000 B/f - Building 20,000 General Reserved b/f 52,000 SOCI 52,000 Debentures b/f 104,000 Bank - Issue 104,000 Proposed Dividend 16,000 b/f 21,000 SOCI 37,000 Tax Payables 19,000 b/f 17,000 SOCI 36,000 Building 100,000 20,000 c/f 120,000 Machinery 90,000 Disposal 105,000 c/f 195,000

80,000 # 20,000 * 120,000 20,000

C/f

C/f

4,000 * 4,000

Ordinary Share C/f

20,000 20,000

c/f

30,000 22,000 52,000

c/f

70,000 34,000 104,000

Bank c/f

16,000 21,000 37,000

Bank c/f

19,000 17,000 36,000

b/f Revaluation Reserved

120,000 120,000

b/f Bank

25,000 170,000 195,000

Disposal c/f

Accumulated Depreciation - Machinery 13,500 b/f 45,000 Depreciation 58,500 Disposal of Machinery Accumulated Depreciation 25,000 Machinery 1,000 Bank- Sale Price 26,000 Investment 30,000 5,000 c/f 35,000 Retained Earnings 17,000 b/f 21,000 Profit before tax 22,000 42,000 102,000

30,000 28,500 58,500

Machinery Grain on Disposal

13,500 12,500 26,000

b/f Bank- Purchases

35,000 35,000

Taxation Dividend Transfer to Genaral Reserved c/f

25,000 77,000

102,000

# Issue of Bonus Share = 80,000 units /4 units = 20,000 unit @ RM1 =RM20,000

* Issue New Ordinary Share = 20,000 unit @ RM1.2 =RM24,000 Par Value =RM20,000 @ RM1 =RM20,000 Premium Value =RM20,000 @ RM0.20 =RM4,000

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