Page 78 - Ebook Financial Accounting 3
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Megah Berhad
Statement of Financial Position as at 31 December 2010
Notes RM RM RM
NON-CURRENT ASSETS
Land 282 290
Building 246 000
Machine 3 30 000
Vehicle 3 26 100
Investment 24 000 608 390
CURRENT ASSETS
Inventory 18 000
Trade Receivables 8 000
Bank 10 000
Cash 2 000
Prepaid Insurance 1 400 38 400
CURRENT LIABILITIES
Trade Payables 5 000
Tax 3 500
Accrued Audit Fee 750
Accrued Rental 2 800
Proposed Dividend
8%Preference Share 4 8 000
Ordinary Share 4 20 000 (38 050) 350
Working Capital 608 740
ISSUED & PAID-UP SHARE CAPITAL
400 000 Ordinary Share @ RM1 400 000
100 000 8%Preference Share @ RM1 100 000
General Reserve 5 24 450
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