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The following draft group financial statements relate to Berhah Bhd. Berhah Group: Statement of financial position as at 30 November 2022 Berhah Group: Statement of profit or loss and other comprehensive income for the year ended 30 November 2022 (i) On 31 July 2022, Berhah disposed of their entire 80% equity holding in SW for cash. The shares had been acquired on 31 July 2014 for a consideration of RM 132 million when the fair value of the net assets was RM 124 million. This included a fair value uplift of RM 16 million in relation to plant with a remaining useful life of eight years. Deferred tax at 25% on the fair value adjustment was also correctly provided for in the group accounts and is included within the fair value of net assets. The fair value of the non-controlling interest at acquisition was RM 28 million. Goodwill, calculated under the full fair value method, was tested annually for impairment. At 31 January 2022 , goodwill relating to SW had been impaired by 75% A goodwill impairment charge has been included within administration expenses for the current year but does not relate to SW Goodwill, calculated under the full fair value method, was tested annually for impairment. At 31 January 2022 , goodwill relating to SW had been impaired by 75%. A goodwill impairment charge has been included within administration expenses for the current year but does not relate to SW. The carrying values in the individual accounts of SW at disposal are listed below. The fair value adjustment and subsequent deferred tax were not incorporated into the individual accounts of SW. (ii) The loss for the period from discontinued operations in the consolidated statement of profit or loss and other comprehensive income relates to SW and can be analysed as follows: (iii) Berhah purchased a 40% interest in an associate for cash on 1 February 2021. The associate paid a dividend of RM 10 million in the year ended 31 January 2022. (ivi) The retirement benefit liability relates to Berhah as other companies in the group operate defined contribution schemes. The latest actuarial valuation is as follows: The benefits paid in the period by the trustees of the scheme were RM 7 million. Berhah operates in a country which only allows tax relief when contributions are paid into the scheme. The tax base was therefore zero at 31 January 2022 and 31 January 2019 . The tax rate paid by Berhah is 25%. The defined benefit expense is included within administrative expenses. (vi) There were no disposals of property, plant and equipment during the year except on the sale of SW. Depreciation for the year was RM 20m and is included within the cost of sales. (vii) The financial asset at amortised cost is a RM 20 million two-year loan which Berhah gave to an unconnected company on 1 February 2022. Twelve month expected credit losses were cstimated at RM I million and have been charged to administrative expenses. The coupon and effective rate of interest were both 8%. Interest was received on 31 January 2019 and recorded correctly in the consolidated financial statements despite a signifieant deterioration in economic conditions within the industry of the unconnected company. As a result, the investment is to be downgraded with an expected 40% chance of default on the remaining cash flows. No entry has yet been made to downgrade the investment in the consolidated financial statements. (vii) Included within the trade and other payables at 31 January 2022 was contingent consideration of RM 10 million. A discount rate of 10% was used to measure the fair value of this obligation. This arose on the acquisition of Eastem, a subsidiary acquired several years ago. The consideration to be paid was contingent on the profits of MSW. Eastem did not perform as well as expected during the year and Berhah paid RM 7 million in full and final settlement of the obligation on 31 Jantary 2019. (is) Berhah did not pay a dividend to its shareholders during the year ended 31 January 2019. Required: Prepare a consolidated statement of cash flows using the indirect method for the Berhah Group for the year ended 31 January 2019 in accordance with the requirements of IAS 7 Statement of Cash Flows. The following draft group financial statements relate to Berhah Bhd. Berhah Group: Statement of financial position as at 30 November 2022 Berhah Group: Statement of profit or loss and other comprehensive income for the year ended 30 November 2022 (i) On 31 July 2022, Berhah disposed of their entire 80% equity holding in SW for cash. The shares had been acquired on 31 July 2014 for a consideration of RM 132 million when the fair value of the net assets was RM 124 million. This included a fair value uplift of RM 16 million in relation to plant with a remaining useful life of eight years. Deferred tax at 25% on the fair value adjustment was also correctly provided for in the group accounts and is included within the fair value of net assets. The fair value of the non-controlling interest at acquisition was RM 28 million. Goodwill, calculated under the full fair value method, was tested annually for impairment. At 31 January 2022 , goodwill relating to SW had been impaired by 75% A goodwill impairment charge has been included within administration expenses for the current year but does not relate to SW Goodwill, calculated under the full fair value method, was tested annually for impairment. At 31 January 2022 , goodwill relating to SW had been impaired by 75%. A goodwill impairment charge has been included within administration expenses for the current year but does not relate to SW. The carrying values in the individual accounts of SW at disposal are listed below. The fair value adjustment and subsequent deferred tax were not incorporated into the individual accounts of SW. (ii) The loss for the period from discontinued operations in the consolidated statement of profit or loss and other comprehensive income relates to SW and can be analysed as follows: (iii) Berhah purchased a 40% interest in an associate for cash on 1 February 2021. The associate paid a dividend of RM 10 million in the year ended 31 January 2022. (ivi) The retirement benefit liability relates to Berhah as other companies in the group operate defined contribution schemes. The latest actuarial valuation is as follows: The benefits paid in the period by the trustees of the scheme were RM 7 million. Berhah operates in a country which only allows tax relief when contributions are paid into the scheme. The tax base was therefore zero at 31 January 2022 and 31 January 2019 . The tax rate paid by Berhah is 25%. The defined benefit expense is included within administrative expenses. (vi) There were no disposals of property, plant and equipment during the year except on the sale of SW. Depreciation for the year was RM 20m and is included within the cost of sales. (vii) The financial asset at amortised cost is a RM 20 million two-year loan which Berhah gave to an unconnected company on 1 February 2022. Twelve month expected credit losses were cstimated at RM I million and have been charged to administrative expenses. The coupon and effective rate of interest were both 8%. Interest was received on 31 January 2019 and recorded correctly in the consolidated financial statements despite a signifieant deterioration in economic conditions within the industry of the unconnected company. As a result, the investment is to be downgraded with an expected 40% chance of default on the remaining cash flows. No entry has yet been made to downgrade the investment in the consolidated financial statements. (vii) Included within the trade and other payables at 31 January 2022 was contingent consideration of RM 10 million. A discount rate of 10% was used to measure the fair value of this obligation. This arose on the acquisition of Eastem, a subsidiary acquired several years ago. The consideration to be paid was contingent on the profits of MSW. Eastem did not perform as well as expected during the year and Berhah paid RM 7 million in full and final settlement of the obligation on 31 Jantary 2019. (is) Berhah did not pay a dividend to its shareholders during the year ended 31 January 2019. Required: Prepare a consolidated statement of cash flows using the indirect method for the Berhah Group for the year ended 31 January 2019 in accordance with the requirements of IAS 7 Statement of Cash Flows

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