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Question 2 You have been given the following information relating to a limited liability...

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Accounting

Question 2
You have been given the following information relating to a limited liability company called Nobrie. This
company is preparing its financial statements for the year ended 31 May 2020.
Nobrie
Income statement for the vear ended 31 Mav 2020
Additional information
(i) During the year ended 31 May 2020, the company sold a piece of equipment for RM3,053,000, realising
a profit of RM1,540,000. There were no other disposals of non-current assets during the year.
(ii) Profit from operations is stated after charging depreciation of RM5,862,000.
(iii) There were no amounts outstanding in respect of interest payable or receivable as at 31
May 2019 or 2020.
(iv) There were no dividends paid or declared during the year.
Required:
(a) Prepare a cash flow statement for Nobrie for the year ended 31 May 2020 in accordance with IAS 7
Cash Flow Statements.
(b) Comment on the cash flow statement
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