The following is a summary of the balance sheet statements for Syarikat Berjaya Berhad during...
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Accounting
The following is a summary of the balance sheet statements for Syarikat Berjaya Berhad during the period
2 years:
| 30 Dec 2019 | 30 Dec 2020 |
| RM000 | RM000 |
Non Current Asset |
|
|
Land | 1100 | 1100 |
Building | 380 | 700 |
| 1480 | 1800 |
|
|
|
|
|
|
Current Asset |
|
|
Stock | 500 | 520 |
Non receivable account | 300 | 280 |
Cash | 0 | 205 |
| 800 | 1005 |
|
|
|
Current Liability |
|
|
Non payable account | 100 | 110 |
Proposed dividend | 100 | 125 |
Tax | 180 | 220 |
Overdraft | 200 | - |
Net asset | 220 | 550 |
| 1700 | 2350 |
|
|
|
Stock | 1500 | 2000 |
Stock premium | - | 100 |
Retained profit | 200 | 250 |
| 1700 | 2350 |
Income Statement for the year ended 31 December 2020
Gross Profit |
| 650000 |
Depreciation |
| (300000) |
|
| 350000 |
Profit from sale of fixed assets |
| 25000 |
Tax |
| 375000 |
Net profit after tax |
| (150000) |
Dividend paid |
| 225000 |
Dividends are proposed | 50000 |
|
| 125000 | 175000 |
|
| 50000 |
Fixed asset related information:
| Land (RM) | Factory (RM) |
Cost balance on 1.1.2020 | 1100000 | 1900000 |
Purchase assets | - | 720000 |
| 1100000 | 2620000 |
Minus: Sale of assets | - | 800000 |
Balance of cost as at 31 Dec 2020 | 1100000 | 1820000 |
|
|
|
Total depreciation on 1.1.2020 |
| 1520000 |
Depreciation in 2020 |
| 300000 |
|
| 1820000 |
Less: Depreciation for assets for sale |
| 700000 |
Depreciation as at 31 Dec 2020 |
| 1120000 |
You need to provide Cash Flow for Syarikat Berjaya Berhad for the year ends Dec 31, 2020 by showing all calculations involved.
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