Page 77 - Ebook Financial Accounting 3
P. 77
Insurance 1 2 000
Audit Fee 750
Profit before tax 57 240
Tax (3 500)
Profit after tax 53 740
Megah Berhad
Statement of Changes in Equity for the year ended 31 December 2020
Ordinary Preference General Revaluation Retained
Shares Shares Reserve Reserve Earnings
Capital Capital (RM) (RM) (RM)
(RM) (RM)
Balance b/d 400,000 100,000 23,000 - 15,000
Profit after tax 53,740
Appropriation:
Reserves 1,450 - (1,450)
transferred
Written-off -
goodwill
Dividends paid:
Interim dividends:
Ordinary shares -
Preference shares -
Proposed
dividends:
Ordinary shares (8,000)
Preference shares (20,000)
Total balance c/d 400,000 100,000 24,450 - 39,290
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