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QUESTION 1
Additional information:
1. The increase in ordinary shares was partly due to bonus issue of RM200,000 out of profit.
The balance was due to rights issue to existing shareholders.
2. During the year, the company paid interim dividend RM550,000 together with last year
dividend.
3. Property, plant and equipment was decreased due to deficit from revaluation of land
amounting of RM800,000 and dispose of new machine. The company also disposed an old
machine costing RM150,000 and accumulated depreciation of RM120,000, for a cash
RM50,000. The company also acquired a new machine and a motor vehicle during the year.
4. The decrease in investment properties is due to disposal at cost. Whereas, the decrease in
development cost is partly because of amortization expense, RM50,000.
Required:
Prepare a Statement of Cash Flows for the year ended 30 June 2018 for PickUp Bhd using the
indirect method and in compliance with MFRS 107 Statement of Cash Flows.
PickUp BHD
STATEMENT OF CASH FLOW FOR THE YEAR ENDED 30 JUNE 2018
RM RM
CASH FLOW FROM OPERATING
ACTIVITIES
Net Profit Before Tax
Adjustments: