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Ga2 - Far460 - Equity - Note On Ppe

The company had a profit of RM21.2 million for the year. There was a revaluation surplus of RM2 million on buildings but a deficit of RM700,000 on land. Total equity increased from RM48.2 million to RM69.6 million after accounting for profit, revaluation adjustments, an RM880,000 dividend payment, and a prior year adjustment of RM200,000 to depreciation. The carrying value of property, plant and equipment was RM61.22 million as of June 30, 2022 after revaluation surpluses/deficits and elimination of accumulated depreciation against revalued amounts.

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134 views2 pages

Ga2 - Far460 - Equity - Note On Ppe

The company had a profit of RM21.2 million for the year. There was a revaluation surplus of RM2 million on buildings but a deficit of RM700,000 on land. Total equity increased from RM48.2 million to RM69.6 million after accounting for profit, revaluation adjustments, an RM880,000 dividend payment, and a prior year adjustment of RM200,000 to depreciation. The carrying value of property, plant and equipment was RM61.22 million as of June 30, 2022 after revaluation surpluses/deficits and elimination of accumulated depreciation against revalued amounts.

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Amni
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AVENTURINE BHD

Statement of Changes in Equity for the year ended 30 June 2022


Ordinary Preference Revaluation Retained
Shares Shares Reserve Earnings
Bal as at 1July 2021 28,000,00 - - 48,412,000
0
Prior Year Adjustment (200,000)
PYA- Depreciation Overstated
Restated Balance 28,000,00 - - 48,212,000
0
Profit of the year 21,201,000
Deficit - Land (700,000)
Surplus - Building 2,000,000
Surplus on revaluation
Dividend 880,000 220,000
Bal as at 30 June 2022 28,880,00 - 1,300,000 69,633,000
0

Note on PPE
Land Building Plant and Total
Machinery
Cost/Valuation RM RM RM
Bal as at 1/7/2021 38,000,000 20,000,000 10,800,000
Addition - -
Disposal - -
Revaluation Surplus - 2,000,000
Revaluation Deficit (700,000)
Transfer to - -
Transfer from - -
Elimination of Accumulated (4,000,000) (3,720,00)
Depreciation against valuation
Bal as at 30/6/2022 37,300,000 18,000,000 7,080,000 62380000

Accumulated Depreciation
Bal as at 1/7/2021 - 4,000,000 3,720,000
Charge for the year 450,000 708,000
(depreciation)
Elimination of AD against (4,000,000) (3,720,000)
valuation
Bal as at 30/6/2022 - 450,000 708,000 1158000

Accumulated Impairment
Loss
Impairment Loss - - -
Carrying Value (C-AD-AIM) 37,300,000 17,550,000 6,372,000 61222000

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