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  • Ga2 - Far460 - Equity - Note On Ppe

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    The company had a profit of RM21.2 million for the year. There was a revaluation surplus of RM2 million on buildings but a deficit of RM700,000 on land. Total equity increased from RM48.2 million to RM69.6 million after accounting for profit, revaluation adjustments, an RM880,000 dividend payment, and a prior year adjustment of RM200,000 to depreciation. The carrying value of property, plant and equipment was RM61.22 million as of June 30, 2022 after revaluation surpluses/deficits and elimination of accumulated depreciation against revalued amounts.

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    GA2_FAR460_EQUITY_NOTE ON PPE

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    The company had a profit of RM21.2 million for the year. There was a revaluation surplus of RM2 million on buildings but a deficit of RM700,000 on land. Total equity increased from RM48.2 million to RM69.6 million after accounting for profit, revaluation adjustments, an RM880,000 dividend payment, and a prior year adjustment of RM200,000 to depreciation. The carrying value of property, plant and equipment was RM61.22 million as of June 30, 2022 after revaluation surpluses/deficits and elimination of accumulated depreciation against revalued amounts.

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    © All Rights Reserved
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    28 views2 pages

    Ga2 - Far460 - Equity - Note On Ppe

    Uploaded by

    Amni
    The company had a profit of RM21.2 million for the year. There was a revaluation surplus of RM2 million on buildings but a deficit of RM700,000 on land. Total equity increased from RM48.2 million to RM69.6 million after accounting for profit, revaluation adjustments, an RM880,000 dividend payment, and a prior year adjustment of RM200,000 to depreciation. The carrying value of property, plant and equipment was RM61.22 million as of June 30, 2022 after revaluation surpluses/deficits and elimination of accumulated depreciation against revalued amounts.

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    of 2

    AVENTURINE BHD

    Statement of Changes in Equity for the year ended 30 June 2022


    Ordinary Preference Revaluation Retained
    Shares Shares Reserve Earnings
    Bal as at 1July 2021 28,000,00 - - 48,412,000
    0
    Prior Year Adjustment (200,000)
    PYA- Depreciation Overstated
    Restated Balance 28,000,00 - - 48,212,000
    0
    Profit of the year 21,201,000
    Deficit - Land (700,000)
    Surplus - Building 2,000,000
    Surplus on revaluation
    Dividend 880,000 220,000
    Bal as at 30 June 2022 28,880,00 - 1,300,000 69,633,000
    0

    Note on PPE
    Land Building Plant and Total
    Machinery
    Cost/Valuation RM RM RM
    Bal as at 1/7/2021 38,000,000 20,000,000 10,800,000
    Addition - -
    Disposal - -
    Revaluation Surplus - 2,000,000
    Revaluation Deficit (700,000)
    Transfer to - -
    Transfer from - -
    Elimination of Accumulated (4,000,000) (3,720,00)
    Depreciation against valuation
    Bal as at 30/6/2022 37,300,000 18,000,000 7,080,000 62380000

    Accumulated Depreciation
    Bal as at 1/7/2021 - 4,000,000 3,720,000
    Charge for the year 450,000 708,000
    (depreciation)
    Elimination of AD against (4,000,000) (3,720,000)
    valuation
    Bal as at 30/6/2022 - 450,000 708,000 1158000

    Accumulated Impairment
    Loss
    Impairment Loss - - -
    Carrying Value (C-AD-AIM) 37,300,000 17,550,000 6,372,000 61222000

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