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(a)

ArchTect

Statement of Comprehensive Income for the year ended 31 July 2014!

RM'000

Revenue 88,612(!) + 5,000 (!) 93,612

Income: Gain on disposal 25,000 (!) -10,500 (!) 14,500

Administrative expenses (21,114) (!)

Selling and distribution expenses (7,838) ( )

Profit from operations 79,160

Finance cost : 1,250 (!) +1,250 (!) (2,500)

Investment income 8,200

Profit before tax 84,860

Taxation (8,100) (!)

Profit for the year 76,760 !

(12 !x 0.5 mark = 6 marks)

ArchTect

(b) Statement of Changes in Equity for the year ended 31 July 2014

Share Share Asset Accumulated

Capital Premium RevaluationProfit/Retained

Earnings

Reserve

(RM'000) (RM'000) (RM'000) (RM'000)

Balance as at 1August2013 120,000(!) 16,000(!) 20,000(!) 10,064(!)

Error (2,030)(!)Restated balance 120,000 16,000 20,000 8,034

Net profit for the year 76,760 (!)

Transfer to/from reserve (3,000) (!) 3,000 (!)

Bonus share 3,000(!) (3,000) (!)

Balance as at 31 July2014 123,000 13,000 17,000 87,794

(10 !x 0.5 mark= 5 marks)

e'ein 29/1/16 11:57 AM

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(c)ArchTect

Statement of Financial Position as at 31 July 2014

RM'000 RM'000

Non-Current Asset

Property, Plant and Equipment 136,264 (11 )

Investment 50,000 (!)

186,264

Current Asset

Short term fixed deposit 37,890 (!)

Trade Receivables 20,968(!) -2,030 (!) +5,000(!) 23,938

Bank 53,288(!) -2000 (!) 51,288

113,116

299,380

Finaced by:

Share Capital 123,000 ( )

Reserves 117,794 ( )

Sharehlder's Equity 240,794

Non CurrentLiabilities

10% Debentures 25,000 (!)

Bank Loan 19,500(!) -2,000(!) 17,500

42,500

Current Liabilities

Trade Payables 10,096 (!)

Accruals 3,640 (!) +1,250 (!) 4,890

Tax Payable 1,100 (!!) 16,086299,380

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Workings (For Statement of Financial Position):

Property, Plant and Equipment

Land Building EquipmentMotor

Vehicles Total

RM'000 RM'000 RM'000 RM'000 RM'000

At cost

Balance 1 August 2013 60,000(!) 90,400(!)104,000

(!) 30,464(!) 284,864

Surplus on revaluation 0 0

Disposal (10,500) (!) (10,500)

Balance at 31 July 2014 49,500 90,400 104,000 30,464 274,364AccumulatedDepreciation 0

Balance 1 August 201357,930

(!) 69,240 (!) 9,380(!) 136,550

Disposal 0

Charge for the year 0

Depreciation-31 July2014 550(!) 230(!) 770(!) 1,550

Net Book Value 49,500 31,920 34,530 2,0314 136,264

Taxation

RM'000

Tax expenses 8,100(!)

(-) tax paid 7,000(!)

Tax payable 1,100

(28 !x 0.5 mark= 14 marks)

e'ein 29/1/16 11:55 AM

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e'ein 29/1/16 11:54 AM

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