ANSWER 4 / PUBLISHED ACCOUNTS

MERIAH MEGAH BHD

STMT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31/12/2021

TURNOVER 99,000,000 W1 :
COST OF SALES W1 44,000,000
GROSS PROFIT 55,000,000 ADD: PURCHASES
ADMINISTRATIVE EXPENSES W2 21,737,000 LESS :CLO.INV
SELLING &DISTRIBUTION EXPS W3 2,410,000
OPERATING INCOME 2,855,000
FINANCE COST W4 495,000
PROFIT BEFORE TAX 32,463,000 W2: ADMINISTRATIVE EXPS
LESS: TAXATION 8,500,000
PROFIT AFTER TAX 23,963,000
OTHER COMPREHENSIVE INCOME
INCREASE IN REVALUATION OF 5,000,000
FAIR VALUE CHANGES IN INVESTMENT 1,000,000

TOTAL COMPREHENSIVE INCOME 29,963,000

*EPS = RM 2.37

W3: SELLING AND DISTRIBUTION EXPS

W4: FINANCE COST

W5

W6

W7 : EARNIN
w8
 YEAR ENDED 31/12/2021

COST OFSALES
COST OFSALES 11,500,000
ADD: PURCHASES 35,000,000
LESS :CLO.INV - 2,500,000
COS 44,000,000

W2: ADMINISTRATIVE EXPS

ADMIN EXPS (TRIAL BALANCE) 8,500,000
DIRECTOR'S EMOLUMENTS 3,800,000
AUDIT FEES 300,000
ADMIN SALARIES 5,700,000
DEP PM 2,997,000
DEPN MV (300000*30%) 90,000
DEPN. EXPS :
AMORTISATION R&D (3500000*10%) 350,000
TOTAL 21,737,000

W3: SELLING AND DISTRIBUTION EXPS

SALESMAN COMMISSION 1800000
DEP.MV (300000*70%) 210000
ADVERTISING EXPS 400,000
SELLING EXPS 750,000
TOTAL 3160000

W4: FINANCE COST

FINANCE EXPS 247500
ACCRUED DEBENTURES INTEREST [7%x3.6m/2] 126000
ACCRUED INTEREST ON LOAN (5%*5000000/2) 125000
TOTAL 495,000

INVESTMENT INCOME
DIV. RECEIVED 2175000 TB
INTEREST INCOME 680000 TB
TOTAL 2855000

REVALUATION FREEHOLD LAND

REVALUATION VALUE
COST VALUE
INCREASE

FAIR VALUE ADJUSTMENTS ON INVESTMENTS

 MARKET VALUE CURRENT VALUE RM
QUOTED 10 m(ADD INF) 8.5m(TB) 1.5m
UNQUOTED 5.5m(ADD INF) 6m(TB) (0.5m)
1m
EPS
(23153000-(5000000*5%)/10000000
PAT - DIV PS[ 5%x5m] / 10m
: RM 2.37
MERIAH MEGAH BHD
STMT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31/12/2021

SHARE CAPITAL (RM) RETAINED PROFIT(RM)

BALANCE b/d (tb) 15,000,000 111,037,500
PROFIT AFTER TAX 23,963,000
REVALUATION
ISSUANCE NEW SHARES
TRANSFER RE TO GR - 750,000
DIV. INTERIM -
PS - 125,000
OSC - 300,000
DIVIDEND -FINAL
PS - 125,000
OSC - 500,000
BALANCE c/d 15,000,000 133,200,500

WORKINGS :

PS FINAL DIV [8% x 90,000] =Rm7200 -2,200 =RM5000

OSC FINAL DIV [5%x 100,000] =RM5000
(ARR) RM (GR) RM AFS FV CHANGE
400000 2,000,000

2,750,000 9,000,000 1,000,000 SOFP

MERIAH MEGAH BHD
STMT OF FINANCIAL POSITION AS AT 31/12/2021

NCA :
PPE 100773000
R&D 3150000
INVESTMENT 15,500,000

CA
CLO.INVENTORY 2500000
A/C RECEIVABLE 12000000
BANK 46500000

CAPITAL AND RESERVE

SHARE CAPITAL 133200500
RETAINED PROFIT 133200500
OTHER COMPONENTS OF EQUITY 12750000

NON CURRENT LIABILITIES :

7% DEBENTURES 3500000
5%LONG TERM LOAN 5000000

CURRENT LIABILITIES:
ACC PAYABLES 7800000
ACCRUALS 247500
TAX PAYABLES 2300000
DIV. PAYABLES
119423000

61000000

180423000
NOTES TO ACCOUNTS:
PPE
FREEHOLD P&M
COST
ADD: ADDITION

REVALUATION
BALANCEc/d

ACCUMMULATED DEPN.
BAL b/d

Current depn
CARRYING AMOUNT 750,000 42,350

R&D
BAL B/D
less: AMORTISATION(10%)

INVESTMENTS
(ambik harga market value ) QUOTED
UNQUOTED
TOTAL

OTHERS ACCRUALS/PAYABLES
ACCRUED INTEREST ON DEB 1250000
ACCCRUED INTEREST ON LOAN 1250000

DIV PAYABLE
 FINAL OSC
FINAL PREF SHARES

TAX PAYABLE ( TAX PAID -TAX EXPENSES) (6200000-8500000)

accrued/ tax payable 2300000
MV total

12530 804,880