Goldeagle Forklift Sdn Bhd - AWP - 31.08.2022

GOLDEAGLE FORKLIFT SDN. BHD.
BALANCE SHEET AS AT Prepared by: Reviewed by: Schedule

31ST AUGUST 2022 SNC WLL
28.03.2023 A3-1
As per
General Adjustment 2022
2021 Description SCH Ledger Dr Cr Final
Shareholders' equity
- Issued capital C 1,000.00 1,000.00
- Unappropriated loss/profit A3-2 99,809.36 6,581.92 2,800.00 96,027.44
- 100,809.36 97,027.44
Non Current Liabilities
- Deferred revenue O1 - -
- Hire purchase creditor N - -
- Deferred tax liabilties E - -
- 100,809.36 97,027.44
- Fixed Assets F 5,490.00 AJE 2 281.92 5,208.08
Current Assets
- Inventories J 39,000.00 39,000.00
- Trade receivables K 144,655.50 144,655.50
- Other receivables & deposits K6 5,869.28 5,869.28
- Cash & bank balances L 27,133.38 27,133.38
- 216,658.16 216,658.16
Current Liabilities
- Trade payables M 91,222.68 91,222.68
- Other payables and accrued expenses M4 30,116.12 AJE 1 3,500.00 33,616.12
- Amount owing to directors M6 - -
- Deferred revenue O1 - -
- Hire purchase creditor N - -
- Tax liability S - -
- 121,338.80 124,838.80
- Net Current Assets 95,319.36 91,819.36
- NET ASSETS 100,809.36 6,581.92 6,581.92 97,027.44
- - -
GOLDEAGLE FORKLIFT SDN. BHD.
INCOME STATEMENT FOR THE YEAR ENDED Prepared by: Reviewed by: Schedule
31ST AUGUST 2022 SNC WLL
28.03.2023 0 A3-2
As per
General Adjustment 2022
2021 Description SCH Ledger Dr Cr Final
- Revenue R1 380,388.00 380,388.00
- Cost of sales (204,258.40) (204,258.40)
- Gross profit 176,129.60 176,129.60
- Other Income 24,868.97 24,868.97
- 200,998.57 200,998.57
- Director remuneration R3-1 (37,614.15) RJE 2 2,800.00 (40,414.15)

- Staff costs R3-1 (4,857.70) RJE 2 2,800.00 (2,057.70)
- Depreciation R3-1 - AJE 2 281.92 (281.92)
- Administrative expenses R3-1 (58,717.36) AJE 1 3,500.00 (62,217.36)
- Finance cost - -
- Profit before taxation 99,809.36 96,027.44
Income tax expense

- - Current S1 - -
- - Deferred - -
(Under)/Over provision in prior years
- - Current S1 - -
- - Deferred - -
-
- Profit after taxation 99,809.36 96,027.44
- Retained profit/Accummulated losses b/f TB - -
- Accummulated losses/Retained profit c/f 99,809.36 6,581.92 2,800.00 96,027.44

Client : GOLDEAGLE FORKLIFT SDN. BHD. Prepared by : SNC 28.03.2023
Period : 31.08.2022 Reviewed by : WLL
Subject : Audit Journal Entry
w/p ref Dr Cr
RM RM
AJE 1 P/L - Auditor's remuneration 2,500.00

P/L - Tax computation fee 1,000.00
B/S- Accrual 3,500.00
(Being accrued auditor's remuneration for the year.)
AJE 2 P/L - Depreciation of fixed asset 281.92

B/S- Fixed asset - accumulated depreciation 281.92
(Being depreciation of fixed asset under taken in account)
COMPUTER & SOFTWARE 281.92

281.92
3,781.92 3,781.92
We hereby approved the above adjustment journal entries
Lee Ying Seong Loh Loon Lee

Director Director
Dated :-
Subject : Reclassification Journal Entry
w/p ref Dr Cr
RM RM
RJE 1 P/L - Secretarial fee and related expenses 440.00

P/L - Professional fee 440.00
(Being reclassification of account.)
RJE 2 P/L - Director fee 2,800.00

P/L - Wages 2,800.00
(Being reclassification of account.)
3,240.00 3,240.00
We hereby approved the above adjustment journal entries
Lee Ying Seong Loh Loon Lee

Director Director
Dated :-
C
Client : GOLDEAGLE FORKLIFT SDN. BHD. 202101037894 1438194-K {g} {g} {a} Prepared by : SNC 28.03.2023
Subject : Share Capital
Date of incorporation 12.11.2021 {a}{e}

Date of commencement 13.01.2022
2022 2021
RM RM
Authorised Share Capital of RM1 Each

400,000 Ordinary Shares of RM1 each - -
Issued during the year - -
- - {a}
Issued and Fully Paid

Ordinary Shares of RM1 each
At beginning of the year 1,000 -
Created during the year - -
Balance at end of year 1,000 - {a}
TB
Register of Directors and Date of Date of Balance @ Balance @

Directors' Shareholdings appointment resignation 05.05.2021 Addition Disposal 31.08.2022
Chan Chun Fei 12.11.2021 First Director 10.08.2022 100.00 30.00 130 - {a} {b} {c} {e} {f} {j} {h}
(NRIC: 010610-10-0789) CA-2 19.07.2022 22.08.2022
Chan Chun Yean 12.11.2021 First Director 10.08.2022 150.00 - 150 -

(NRIC: 000201-10-0965) CB-2 19.07.2022
22.08.2022
Chew Weng Kei 12.11.2021 First Director 10.08.2022 100.00 30.00 130 -
(NRIC: 000523-10-1901) CA-2 19.07.2022 22.08.2022
Khoor Yoke Foh 12.11.2021 First Director 01.07.2022 150.00 - 150 -

(NRIC: 671111-10-5655) CB-2 19.07.2022
Lee Ying Seong 12.11.2021 First Director - 210.00 - 210.00

(NRIC: 810311-14-5405) CB-2 22.08.2022
Loh Loon Lee 12.11.2021 First Director - 190.00 - 190.00

(NRIC: 760909-04-5131) CB-2 22.08.2022
Gold Eagle Forklift Enterprise (M) Sdn Bhd Joint-Venture @ 12.11.2021 500.00 - - 500.00
(Co. No :- 1367104-M)
Ong Sit Kit A/L Azhar 14.07.2022 - 100.00 - 100.00

(NRIC: 980409-01-5969) 19.07.2022
1,000.00 560 560 1,000.00

Register of Managers
N/A
Date of Date of
Register of Secretaries appointment resignation
Lim Tong San (MIA33888) 12.11.2021 {d} {e} {g}
(NRIC: 790820-06-5459)
MCS Biz Solution Sdn Bhd
Unit 1A-2A, Tingkat 2, Block K
Jalan Temenggung 27/9,
Bandar Mahkota Cheras,
43200 Cheras, Selangor.
Tel: 03-9011 5780
Email: mcsspv@gmail.com
Registered Office
Unit 1A-2A, Tingkat 2, Block K 12.11.2021 {d} {h}
Jalan Temenggung 27/9,
Bandar Mahkota Cheras,
43200 Cheras, Selangor.
Principal Place of Business

A-12, Taman Nanyang, 22.08.2022 {f}
Jinjang Utara,
52000 Kuala Lumpur.
Work Done
{a} Agreed to Memorandum & Articles of Association.
{b} Agreed to register of members.
{c} Agreed to register of directors and register of directors' shareholdings.
{d} Agreed to register of secretaries.
{e} Agreed to Form 9
{f} Agreed to Section 68 dated 12.11.2022.
{g} Agreed to Section 58 & 236(2) dated 12.11.2021 and Section 58 dated 01.07.2022 , 14.07.2022 & 10.08.2022
{h} Agreed to Section 51 & 105 dated 19.07.2022 & 22.08.2022
Findings
No material exceptions noted.
Conclusion
Based on the work done, I am of the opinion that share capital as at 31.08.2022 is fairly stated.
E
Subject: Deferred taxation
Balance as at <-----------Adjustment---------> Adjusted @

w/p ref. 31.08.2022 DR CR 31.08.2022 31.08.2021
RM RM RM RM RM Variance
RM'000
Balance at beginning of year TB - - -
Transferred to P/L a/c - Err:509 Err:509 Err:509 -
Balance as end of year - Err:509 - Err:509
Findings
Conclusion
Based on the work done, I am of the opinion that defered tax liabilities as at 31.08.2022 is fairly stated.
E1
Subject: Computation of Deferred Taxation
<----------------------- YA 2022 ---------------------> <--------------- YA 2021 --------------->

Timing Timing
Per a/c Per tax differences @ 17% Per a/c Per tax differences @ 17% Movement Movement
BS PL
Fixed assets
Cost E3 5,490 5,490 S4 - 0
NBV / TWDV (5,208) (2,760) - -
Acc dep / CA claimed 282 2,730 (2,448) (416) - - - - (416)
Unabsorbed Business Loss c/f - - - - - - - - -
Unabsorbed Capital Allowance c/f - - - - - - - - -
(416) - - (416)
Balance b/f - As per Sch E3 (416)

-
- Difference - -
(416.17)
(416.17)
Deferred tax assets uncertainty, Immaterial
suggest to leave
E2
Subject: Summary of Qualifying and Non-Qualifying Expenditure
<--------- Bal @ 05.05.2021 ----------> <----------- Additions ------------> <------- Disposal ------> <-------- Bal @ 31.08.2022 -------->
Cost QE NQE Total QE NQE Total QE NQE Total QE NQE Total
Computer and software - - - 5,490 - 5,490 - - - 5,490 - 5,490

- - - -
- - - 5,490 - 5,490 - - - 5,490 - 5,490
E1 E1
<--------- Bal @ 05.05.2021 ----------> <----------- Additions ------------> <------- Disposal ------> <-------- Bal @ 31.08.2022 -------->
Accumulated depreciation QE NQE Total QE NQE Total QE NQE Total QE NQE Total
Computer and software - - - 282 - 282 - - - 282 - 282
- - - 282 - 282 - - - 282 - 282

E3 E3 -
NBV - - - 5,208 - 5,208

E1 E1
E3
Subject: AND RECONCILIATION OF EFFECTIVE AND STATUTORY TAX RATES
BASIC PERIOD : 12.11.2021 - 31.08.2022 17% TAX EFFECT OF

PER PER TIMING DIFFERENCES
TAX ACCOUNT CURRENT NON CURRENT
Pre-tax accounting income (profit) S-2 95,971 95,971
Timing difference :
Depreciation of fixed assets (tax-qualifying) E2 282 48

Capital allowances (initial plus annual) S-2 (2,730) (464)
Gain on disposal of fixed assets - -
Balancing allowance - -
Unabsorbed CA b/f - -
Unabsorbed CA c/f - -
Unabsorbed business loss b/f - -
Unabsorbed business loss c/f - -
E2 (416)
% Per tax
Accounting
Income
Permanent differences (PD)) :
Depreciation of non qualifying capital expenditure E2 -

Clawk back on capital allowance disposal within 2 years -
Dividend received (tax exempt) - 1,010 172 0%
Fixed deposit interest received -
Unrealised gain on foreign exchange (trade) -
Interest restricted -
Loss on disposal of fixed assets -
Penalty 10
Tax filing fee 1,000
Income subject to tax 94,533 96,981
Income tax @ 17% thereon 16,071 16,487
(416)
Add (less) other differences:
Excess profits tax
Loss (gain) on translation
Current statutory tax expense
Total tax expense ( on deferred tax basis) 16,487 17%

Expected tax expense @ 17% on pre-tax accounting income 16,315 17% accounting income
Tax effects of permanent and other differences
172 0%
F
Subject : Fixed assets
Balance as at <-------------- Adjustment --------------> Adjusted bal

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 Variance
RM RM RM RM RM RM'000
Fixed assets F1 5,490.00 AJE 2 281.92 5,208.08 - 5
5,490.00 - 281.92 5,208.08 -
Variance explanation
The decrease in plant and equipment was mainly due:-

The depreciation of fixed assets .
Findings
Conclusion
Based on the work done, I am of the opinion that fixed assets as at 31.08.2022 is fairly stated.
F1
Subject : Fixed Assets Summary
Balance as at Balance as at <------- Adjustment --------> Adjusted bal NBV as at

Cost 12.11.2021 Additions Disposal 31.08.2022 Dr Cr 31.08.2022 31.08.2021
RM RM RM RM RM RM RM RM
Computer and software - 5,490.00 - 5,490.00 TB - - 5,490.00 -
- 5,490.00 - 5,490.00 - - 5,490.00 -

E2 / F3 F2/F3 F4 E2 / F3 F
Balance as at Depreciation Balance as at <------- Adjustment --------> Adjusted bal NBV as at

Accumulated depreciation 12.11.2021 Charges Disposal 31.08.2022 Dr Cr 31.08.2022 31.08.2022
RM RM RM RM RM RM RM RM
Computer and software - - - - TB - AJE 2 281.92 281.92 5,208.08
- - - - - 281.92 281.92 5,208.08

E2 F3 F4 E2 F
F2
Subject : Fixed Assets - Addition Test
Invoices Payment Voucher

Descriptions Amount No. Date Amount Cash/ Date Amount Total Date Work Done
RM RM Cheque No. RM Chq Amt Clearance
Computer and software

Epson Matrix Printer F4-a 890.00 00028123 18.02.2022 890.00 Director claim 14.03.2022 890.00 890.00 14.03.2022 {a} {b} {c}
Cumputer - Intel I5 F4-b 4,600.00 10028 10.03.2022 4,600.00 Director claim 14.03.2022 4,600.00 4,600.00 14.03.2022 {a} {b} {c}
5,490.00
Amount Tested 5,490.00
Population F1 5,490.00
% Tested 100%
Work Done
{a} Checked to payment voucher and invoice.
{b} Checked posting to cash book and traced clerance to bank statement. If it is not paid, checked posting to other creditors.
{c} Sighted physical existence of property, plant & equipment and ensured that the assets are being used for business operations and are in good working condition.
F3
Subject : Depreciation - Reasonableness test
2021
Cost as at Fully Disposal Depreciation Depreciation Addition Depreciation No. of Disposal Depreciation No. of Depreciation Total Depreciation
05.05.2021 Depreciation rate charge during the year rate Months (May-Aug'21) rate Months charge Charges
RM RM RM RM RM RM
(A) (B) (C) = (A)x(B) (D) (E) (F) (G) (H) (I) (J) =[ (D)x(E)x(F)/10] (C) + (G)
+ [(G)x(H)x(I)/10]
Computer and software

Epson Matrix Printer - - - 10% - 890.00 10% 7 - 10% - 51.92 51.92
Cumputer - Intel I5 - - - 10% - 4,600.00 10% 6 - 10% - 230.00 230.00
0.00 0.00 0.00 5,490.00 - Per Auditor 281.92

F1 F2
Per client F1 -
-
-
281.92 #DIV/0!
281.92 AJE 3 (Being depreciation of fixed assets under taken in account.)
(0.00)
F4
Subject: Property, Plant and Equipment - Schedule
COST ACCUMULATED DEPRECIATION NET BOOK VALUE

ACCOUNT DATE OF DEP
DESCRIPTIOIN Wp Ref. B/F ADDITION DISPOSAL C/F B/F ADDITION DISPOSAL C/F 2022 2021
NO ACQUISITION RATE Wp Ref. Wp Ref. Wp Ref.
(RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM) (RM)
Computer and software 200-200

Epson Matrix Printer 18.02.2022 10% F4-a - 890.00 - 890.00 - 51.92 51.92 838.08 -
Cumputer - Intel I5 10.03.2022 10% F4-b - 4,600.00 - 4,600.00 - 230.00 230.00 4,370.00 -
- 5,490.00 - 5,490.00 TB - TB 281.92 - 281.92 5,208.08 -
GRAND TOTAL - 5,490.00 - 5,490.00 - 281.92 - 281.92 5,208.08 -

AJE 3/R3-27 -
J
Subject : Inventories - Lead
Balance as at <-----------Adjustment---------> Adjusted bal

w/p ref 31.08.2022 DR CR 31.08.2022 31.08.2021 Variance
At Cost
Finished Goods LOR/J2/J6 39,000.00 TB 39,000.00 0.00
Net 39,000.00 39,000.00 w 0.00 39

J-a
Variance Explanation
Inventories increased due to the Company started business operation during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that trade debtors is fairly stated as at 31.08.2022.
CP Lee & Associates
Client: GOLDEAGLE FORKLIFT SDN. BHD.

Period / Year Ended: 31.08.2022
Subject: Quantity Test
Objective: To test the accuracy of quantity reported in stock listing considering the findings from the confirmatio
Source: Final stock listing as of reporting date
Basis of selection: Saleable stocks
Work steps: For a sample of stock items:-

Stock count listings
Findings
Carrying
Quantity per
Item Description Pages Amount at
Stock Listing
Year End
RM
Finished Goods - Stock code

1 8FD25 - 14630 J2-a 24,000 1
2 5FD35 - 11653 J2-b 15,000 1
39,000
Total 39,000
100%
TOTAL SAMPLING BASIS 39,000

TOTAL INVENTORIES J1 39,000
Coverage 100%
SL = agree to stock listing

C Confirmation
Ø - Casting checked
Conclusion Based on our audit work steps performed, we conclude that the risk of material misstatement is redu
Ref: L2
Initial Date
Prepared by: SNC 7/2/2022
Reviewed by: WLL 11/3/2022
ng the findings from the confirmations (E, A)
Stock counts Quantity

Difference Unit Cost
listing Variance
RM RM
3 24,000.00 -
1 15,000.00 -
Total -
sk of material misstatement is reduced to an acceptably low level.

CP Lee & Associates

Subject: Costing Verification
Objective: To verify the unit cost of stocks and assess if there is any needs to write down to realisable value (As
Source: Stock listing as of reporting date
Basis of selection: Salesable stocks
Work steps: Trading goods

(i) check prices to supplier’s invoice.
Findings
Item Description Unit costs Quantity
Qty
Finished Goods
1 8FD25 - 14630 24,000.00 1
2 5FD35 - 11653 15,000.00 1
Total Difference
Extrapolated to Population
SL Checked to stock listing

SI Checked to sales invoice
CC Computation checked
Based on our audit work steps performed, we conclude that the risk of material misstatement is redu
Conclusion
Ref: L3
Initial Date
rite down to realisable value (Assertion: V)
Supplier invoices
Total
Costs price Difference Per
Unit
RM RM
24,000.00 -
15,000.00 -
al Difference -
rapolated to Population -
of material misstatement is reduced to an acceptably low level.

CP Lee & Associates

Subject: Net Realisable Value / Net Replacement costs Verification
Objective: To test if the inventories are stated at the lower of cost or net realisable value and verify the basis to
Source: Stock listing as of reporting date
Basis of selection: More salesable stocks
Work steps: 1) Review the gross margin export and enquire with the sales manager to identify items whi
margins or those inventories/products that are unlikely to be sold at above cost.
2) For the items identified in step 1, compute average cost of stock item based on the final s
OR
For items selected in step 1, obtain average cost of stock item based on the final stock lis
3) Check to the subsequent sales and ascertain whether the selling price is higher than the
4) For items with selling prices < carrying costs of inventories, ascertain that client has mad
inventories.
Findings
Stock Quantity
Item Description per Stock
Listing
Qty
1 8FD25 - 14630 1
2 5FD35 - 11653 1
SI Checked to sales invoice
Note To state reasons for items below selling price
Conclusion: Based on the work steps performed, we conclude that the risk of material misstatement is reduced to
able value and verify the basis to derive the net realisable value (V)
les manager to identify items which are slow-moving, generate low/negative gross profit
to be sold at above cost.
of stock item based on the final stock listing (if stocks are valued in FIFO)
k item based on the final stock listing (if stocks are valued on weighted average).
he selling price is higher than the cost of inventories.
es, ascertain that client has made adequate provision to write down the value of the
Selling Price (if

Stock Value none subsequent Customers /
Unit Cost per
per Stock to year end, use Customers / Suppliers name Suppliers
Auditor
Listing latest available Date
sale)
RM RM RM RM
24,000.00 24,000.00 31,666.67 Gold Eagle Enterprise 20.11.2021

15,000.00 15,000.00 45,000.00 KYODO MACHINERY SDN BHD 20.11.2021
aterial misstatement is reduced to an acceptable low level.

Ref: L4
Initial Date
NRV >
Adjustment Remarks
Cost?
Y/N RM
Y -
Y -
-
CP Lee & Associates
Ref: L5
Client: GOLDEAGLE FORKLIFT SDN. BHD. Initial Date
Period / Year Ended: 31.08.2022 Prepared by: SNC 7/2/2022
Subject: Review of Obsolete and Slow Moving Inventories Reviewed by: WLL 11/3/2022
Objective: To test if the obsolete and slow moving inventories are identified and written down to their recoverable values (Assertion: V)
Source: Stock ageing report as of reporting date
Basis of selection: More salesable stocks
Work Steps Test the adequacy of management's methods to identify items that are damaged, wholly or partially obsolete, where selling prices have declined
and to make an appropriate allowance (provision): Review and document management's method to establish an allowance.
Discuss with management adequacy of allowance (provision) by going through inventory listing with client. Document specific questions asked and answers obtained
indicating by ticks items of inventories questioned.
Discuss the allowance with management, especially with respect to discontinued lines or changes in technology and demand and engineering change orders, new design,
new models to establish that quantities on hand and on order are not excessive, obsolete or require allowance (provision). Consider the following factors, as applicable,
in developing an independent range of reasonable estimates:
- Market value of specific items that are obsolete, defective, held in quantities excessive in relation to demand, or otherwise devalued
- Inventory turnover
- Trend in gross margins
- Trend in sales e.g., can they sell all the items on hand within a reasonable period. Sight forecasts.
- Trend in quantities on hand
Findings:
Stock Ageing Summary Potential Write Downs / Allowance
Stock Value at Per CH Kok &
Item Description < 180 days > 210 days 360 days Per Client Difference
Year End Associates
RM RM RM RM RM RM RM
Finished Goods
1 8FD25 - 14630 24,000 24,000 - - -
2 5FD35 - 11653 15,000 15,000 - - -
39,000 39,000 - - - - -
TOTAL 39,000 39,000 - - - - -
Conclusion Based on the work steps performed, we conclude that the risk of material misstatement is reduced to an acceptable low level.
K
Subject : Trade Receivables

Trade debtors K1 / K2 144,655.50 TB 144,655.50 -
Net 144,655.50 144,655.50 w - 145
The increased of trade receivables mainly due to the slow collection from customer during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that trade debtors is fairly stated as at 31.08.2022.
K1
Subject : Trade debtors circularisation
Balance as at Subsequent
31.08.2022 collection
Name of trade debtor RM RM Cheque No. Date
1 EVERBEST FURNITURE SDN BHD K2 10,252.00 3,375.00 OR-00102 1/12/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
3,375.00
2 GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN K2 7,306.50 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
-
3 GV ENGINEERING WORKS K2 2,788.00 2,788.00 OR-00074 6/9/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
2,788.00
4 INNOGLASS SDN BHD K2 320.00 320.00 OR-00122 19/1/2023 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
320.00
5 JOREX SDN BHD K2 1,505.00 405.00 OR-00078 12/9/2022 {a}{b}{c}

1,100.00 OR-00115 6/1/2023 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,505.00
6 KHAISHEN TRADING SDN BHD K2 36,867.00 9,883.00 OR-00076 8/9/2022 {a}{b}{c}

26,984.00 OR-00089 5/10/2022 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
36,867.00
7 KYODO MACHINERY SDN BHD K2 1,080.00 1,080.00 OR-00084 3/10/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,080.00
8 KYODO MACHINERY SERVICES SDN BHD K2 2,349.00 2,349.00 OR-00085 3/10/2022 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
2,349.00
9 LSH VENTURE SDN BHD K2 1,996.00 1,996.00 OR-00079 17/9/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,996.00
10 MONT STONE SDN BHD K2 2,648.00 2,648.00 OR-00083 29/9/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
2,648.00
11 ONE INNOVATIVE BUILDER K2 456.00 456.00 OR-00075 7/9/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
456.00
12 RAWANG MACHINERY & HARDWARE SDN BHD K2 1,525.00 1,525.00 OR-00086 3/10/2022 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,525.00
13 SD DREAM WORLD SDN BHD K2 1,863.00 1,863.00 OR-00081 23/9/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,863.00
14 SIM LEE MACHINERY PARTS SDN.BHD K2 280.00 280.00 OR-00080 21/9/2022 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
280.00
15 SIN SENG HENG K2 69,100.00 1,305.00 OR-00077 12/9/2022 {a}{b}{c}

2,996.00 OR-00082 29/9/2022 {a}{b}{c}
1,305.00 OR-00091 14/10/2022 {a}{b}{c}
890.00 OR-00092 31/10/2022 {a}{b}{c}
1,305.00 OR-00093 31/10/2022 {a}{b}{c}
1,305.00 OR-00101 28/11/2022 {a}{b}{c}
4,972.00 OR-00106 7/12/2022 {a}{b}{c}
4,972.00 OR-00110 28/12/2022 {a}{b}{c}
4,972.00 OR-00120 17/1/2023 {a}{b}{c}
5,908.00 OR-00127 28/2/2023 {a}{b}{c}
29,930.00
16 SP PLASTIC SDN BHD K2 1,400.00 1,400.00 OR-00090 10/10/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,400.00
17 STP CHILLED & FROZEN PRODUCTS SDN BHD K2 1,030.00 1,030.00 OR-00087 3/10/2022 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,030.00
18 TONG SENG ENGINEERING & CONSTRUCTION K2 1,890.00 1,890.00 OR-00073 6/9/2022 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,890.00
144,655.50 91,302.00 63%
As per TB <K> 144,655.50
100%
Basic of Selection
All selection.
Work Done
{a} Agreed selected debtors' balances.
{b} Traced subsequent clearance to bank statements.
{c} If no subsequent collection, traced to invoices
{d} Checked to sales invoice for unpaid customer invoice.
Client : GOLDEAGLE FORKLIFT SDN. BHD.
Period : 31.08.2022
Subject : Trade Debtors Circularisation - test for unpaid invoice
Customer Name: Owning Amount Date
1. Everbest Furniture Sdn Bhd 6,877.00 07.06.2022

15.06.2022
07.07.2022
15.07.2022
16.07.2022
07.08.2022
24.08.2022
2. Gold Eagle Forklift Enterprise (M) Sdn Bhd 7,306.50 30.06.2022

13.07.2022
30.08.2022
3. Sin Seng Heng 39,170.00 30.04.2022

M1-1
Prepared by : SNC 28.03.2023
Reviewed by : WLL
Inv No Amount
1218 1,700.00 {d}

1239 453.00
1284 1,700.00
1313 464.00 {d}
1307 280.00 {d}
1334 1,700.00 {d}
1373 580.00 {d}
6,877.00
1276 1,507.14 {d}

1322 2,772.80
1376 3,026.56
7,306.50
1126 39,170.00 {d}
39,170.00
Period : 31.08.2022
Subject: Trade debtor listing @ 31.08.2022
CODE COMPANY NAME

300-E0001 EVERBEST FURNITURE SDN BHD MYR
300-G0002 GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN BHD MYR
300-G0003 GV ENGINEERING WORKS MYR
300-I0001 INNOGLASS SDN BHD MYR
300-J0001 JOREX SDN BHD MYR
300-K0001 KHAISHEN TRADING SDN BHD MYR
300-K0002 KYODO MACHINERY SDN BHD MYR
300-K0004 KYODO MACHINERY SERVICES SDN BHD MYR
300-L0002 LSH VENTURE SDN BHD MYR
300-M0001 MONT STONE SDN BHD MYR
300-O0001 ONE INNOVATIVE BUILDER MYR
300-R0001 RAWANG MACHINERY & HARDWARE SDN BHD MYR
300-S0004 SD DREAM WORLD SDN BHD MYR
300-S0006 SIM LEE MACHINERY PARTS SDN.BHD MYR
300-S0001 SIN SENG HENG MYR
300-S0003 SP PLASTIC SDN BHD MYR
300-S0002 STP CHILLED & FROZEN PRODUCTS SDN BHD MYR
300-T0001 TONG SENG ENGINEERING & CONSTRUCTION SDN BHD MYR
K2
Reviewed by : WLL
BALANCE
10,252.00 K1
7,306.50 K1
2,788.00 K1
320.00 K1
1,505.00 K1
36,867.00 K1
1,080.00 K1
2,349.00 K1
1,996.00 K1
2,648.00 K1
456.00 K1
1,525.00 K1
1,863.00 K1
280.00 K1
69,100.00 K1
1,400.00 K1
1,030.00 K1
1,890.00 K1
144,655.50 K/K3
0.00
K3
Subject: Trade debtor Aging Report @ 31.08.2022
GOLDEAGLE FORKLIFT SDN. BHD. Aug'22 Jul'22

CODE COMPANY NAME CURRENT 1 MONTH
300-E0001 EVERBEST FURNITURE SDN BHD MYR 2,280.00 2,444.00
300-G0002 GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN BHMYR 3,026.56 2,772.80
300-G0003 GV ENGINEERING WORKS MYR 2,788.00
300-I0001 INNOGLASS SDN BHD MYR 320.00
300-J0001 JOREX SDN BHD MYR 1,505.00
300-K0001 KHAISHEN TRADING SDN BHD MYR 26,984.00 9,883.00
300-K0002 KYODO MACHINERY SDN BHD MYR 270.00 810.00
300-K0004 KYODO MACHINERY SERVICES SDN BHD MYR 2,349.00
300-L0002 LSH VENTURE SDN BHD MYR 1,996.00
300-M0001 MONT STONE SDN BHD MYR 2,648.00
300-O0001 ONE INNOVATIVE BUILDER MYR 456.00
300-R0001 RAWANG MACHINERY & HARDWARE SDN BHD MYR 1,525.00
300-S0004 SD DREAM WORLD SDN BHD MYR 1,863.00
300-S0006 SIM LEE MACHINERY PARTS SDN.BHD MYR 280.00
300-S0001 SIN SENG HENG MYR 20,824.00 890.00
300-S0003 SP PLASTIC SDN BHD MYR 1,400.00
300-S0002 STP CHILLED & FROZEN PRODUCTS SDN BHD MYR 1,030.00
300-T0001 TONG SENG ENGINEERING & CONSTRUCTION SDMYR 1,890.00
Grand Total 64,231.56 26,002.80

44% 18%
epared by : SNC 28.03.2023
viewed by : WLL
Jun'22 May'22
2 MONTHS 3 MONTHS BALANCE
2,153.00 3,375.00 10,252.00
1,507.14 7,306.50
2,788.00
320.00
1,505.00
36,867.00
1,080.00
2,349.00
1,996.00
2,648.00
456.00
1,525.00
1,863.00
280.00
47,386.00 69,100.00
1,400.00
1,030.00
1,890.00
3,660.14 50,761.00 144,655.50 K2

3% 35% -
K4
Subject : Trade Receivables - Analytical Review
w/p ref 2022 2021 Variance

RM RM (days)
Trade debtors K 144,655.50 -
Sales R1 380,388.00 -
Trade debtors turnover period (days) 184 #DIV/0! #DIV/0!
Analytical Review
The balance represented the average day of collection debts from customer while this year is the first year of starting business
The trade debtor turnover days of 184 days was within the average credit period of 30 to 60 days
granted to customers. It represeents Company took average 184 days to collection its debts.
year of starting business operation.
K5
Subject : Other Receivables, Deposits and Prepaid Expenses

Other debtors K6 - - - -
Deposit K6 - - - -
Prepayment K6 5,869.28 5,869.28 - 6
5,869.28 5,869.28 - 6
The increased of other receivables mainly due to accrued sale for financial year ended.
Findings
Conclusion
Based on the work done, I am of the opinion that other receivables is fairly stated as at 31.08.2022.
K6
Subject : Other Receivables, Deposits and Prepaid Expenses

RM RM RM RM RM RM'000 Payment (RM) Date Cheque No. Clearance
Other debtors
TB - - 0
- - - - -
Deposit
- - - - -
Prepayment
Gold Eagle Forklift Enterprise (M) Sdn Bhd K6-a 5,869.28
- subcontractor sales accrued for Aug 2022
5,869.28 - - - -
K5 5,869.28 {a} - - - -
Prepayment has been increased as the Company accrued sales during the financial year.
Work Done
{a} Agreed to General Ledger for 2022.
{c} Circularisation was sent.
Findings
Conclusion
Based on the work done, I am of the opinion that other receivables is fairly stated as at 31.08.2022.
L
Subject : Cash and bank balances
w/p ref Balance as at <----- Adjustment -----> Adjusted bal

31.08.2022 DR CR 31.08.2022 31.08.2021 Variance
Cash at bank L1 26,633.38 TB 26,633.38 -

Cash in hand L4 500.00 TB 500.00 -
27,133.38 27,133.38 - 27
The increase is due to the receiving income during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that cash in hand and bank balances is fairly stated as at 31.08.2022.
L1
Subject : Bank balances
w/p ref Balance as at <----- Adjustment -----> Adjusted bal

31.08.2022 DR CR 31.08.2022 31.08.2021 Variance
Public Bank Berhad L2 26,633.38 TB 26,633.38 - 27

(Accounts No: 3227742605)
Rawang Branch
45 Jln 1B, Batu 17,
Taman Jati,
48000 Rawang Selangor.
Tel: 03-60924936
L/L2 26,633.38 26,633.38 - 27
Work Done
{a} Checked to Bank Reconciliation and Bank Statement as at 31.08.2022.
{b} Letter of confirmation has been sent to the respective bank.
L2
Subject : Reasonableness test - Bank balances
Amount Amount
Balance as per bank statement 26,633.38 L3
Less: Unpresented cheques -
Add: Uncredited lodgements -
Other items -
Balance as per general ledger 26,633.38 L1
Work Done
{a} Agree bank balance per account to general ledger
{b} Agree bank balance per bank to bank statement / bank confirmation
L4
Subject : Cash and bank balances
<--- Adjustment --->

w/p ref Balance as at DR CR Adjusted Bal
31.08.2022 RM RM 31.08.2022 31.08.2021 Variance
RM RM RM RM'000
Cash in hand 500.00 TB 500.00 - 1
500.00 500.00 - 1
The decrease is due to the payment for the operating fund increase during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that cash in hand and bank balances is fairly stated as at 31.12.2020.
Work Done
{a} Letter of confirmation has been sent to the Director.
M
Subject : Trade creditors
Balance as at <----- Adjustment -----> Adjusted bal

Trade creditors M1/M2 91,222.68 91,222.68 0.00 91
91,222.68 91,222.68 0.00
The increased was mainly due to company start business operation during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that trade payables is fairly stated as at 31.08.2022.
Period : 31.08.2022
Subject : Trade Creditors Circularisation
Balance as at
31.08.2022
1 ADVANCE TECH POLYMERS SDN BHD M2 1,130.00
2 CKM HOSES & PIPING ENGINEERING M2 140.00
3 CH DIESEL PUMP SERVICES M2 1,349.00
4 DENZON AUTO SDN BHD M2 2,530.00
5 DURA WHEELS SDN BHD M2 3,680.00
6 ENERGYHUB ( M ) SDN BHD M2 3,400.00
7 GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN BHD M2 30,853.18
8 HWA HOSE & PIPE TRADING M2 804.00

9 HUP CHING FORKLIFT PARTS SDN BHD M2 1,362.00
10 HUP SENG ENTERPRISE M2 2,769.00
11 KK RADIATOR & EXHAUST SPECIALIST M2 1,240.00
12 MMY FORKLIFT PARTS TRADING M2 8,058.10
13 SONICMAX ENGINEERING WORKS M2 3,060.00
14 SKYFIL AUTO PARTS SDN BHD M2 367.40
15 SHOWAKA AUTO (M) SDN BHD M2 25,310.00
16 SL INDUSTRIES SUPPLIES M2 3,450.00

17 S B CARRIER M2 1,720.00
Total tested 91,222.68
Population M 91,222.68
% Tested 100%
Basic of Selection
Purchase > All Selection
Work Done
{a} Agreed selected payable's balances.
{b} Agreed to payables’ monthly statement.
{c} For balances confirmed with differences, ensured that they are satisfactorily reconciled.
{d} Confirmed balance without noting any difference.
{e} Traced subsequent clearance to bank statements.
{f} Checked to purchase invoice for unpaid supplier invoice.
M1
Reviewed by : WLL
Subsequent Chq No. Date

payment
1,130.00 PV-00122 17/10/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,130.00
140.00 PV-00156 1/12/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
140.00
872.00 PV-00136 2/11/2022 {a}{b}{c}

477.00 PV-00149 1/12/2022 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,349.00
450.00 PV-00135 2/11/2022 {a}{b}{c}

880.00 PV-00155 1/12/2022 {a}{b}{c}
1,200.00 PV-00188 17/1/2023 {a}{b}{c}
{a}{b}{c}
2,530.00
1,020.00 PV-00116 15/9/2022 {a}{b}{c}

345.00 PV-00130 2/11/2022 {a}{b}{c}
2,315.00 PV-00171 31/12/2022 {a}{b}{c}
{a}{b}{c}
3,680.00
3,400.00 PV-00115 15/9/2022 {a}{b}{c}

{a}{b}{c}
{a}{b}{c}
{a}{b}{c}
3,400.00
5,804.00 PV-00140 17/11/2022 {a}{b}{c}

5,804.00 PV-00185 17/1/2023 {a}{b}{c}
10,185.00 PV-00186 17/1/2023 {a}{b}{c}
{a}{b}{c}
21,793.00
396.00 PV-00129 2/11/2022 {a}{b}{c}

198.00 PV-00154 1/12/2022 {a}{b}{c}
210.00 PV-00201 17/1/2023 {a}{b}{c}
{a}{b}{c}
804.00
992.00 PV-00134 2/11/2022 {a}{b}{c}

370.00 PV-00146 1/12/2022 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,362.00
1,360.00 PV-00111 15/9/2022 {a}{b}{c}

725.00 PV-00153 1/12/2022 {a}{b}{c}
684.00 PV-00193 17/1/2023 {a}{b}{c}
{a}{b}{c}
2,769.00
940.00 PV-00109 15/9/2022 {a}{b}{c}

210.00 PV-00157 1/12/2022 {a}{b}{c}
90.00 PV-00181 17/1/2023 {a}{b}{c}
{a}{b}{c}
1,240.00
5,516.90 PV-00108 15/9/2022 {a}{b}{c}

945.10 PV-00128 17/10/2022 {a}{b}{c}
1,596.10 PV-00165 10/12/2022 {a}{b}{c}
{a}{b}{c}
8,058.10
2,020.00 PV-00133 2/11/2022 {a}{b}{c}

170.00 PV-00152 1/12/2022 {a}{b}{c}
360.00 PV-00198 17/1/2023 {a}{b}{c}
510.00 PV-00199 17/1/2023 {a}{b}{c}
3,060.00
153.10 PV-00132 2/11/2022 {a}{b}{c}

214.30 PV-00151 1/12/2022 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
367.40
2,400.00 PV-00112 15/9/2022 {a}{b}{c}

11,200.00 PV-00125 17/10/2022 {a}{b}{c}
7,030.00 PV-00144 17/11/2022 {a}{b}{c}
3,800.00 PV-00158 1/12/2022 {a}{b}{c}
880.00 PV-00184 17/1/2023 {a}{b}{c}
25,310.00
450.00 PV-00131 2/11/2022 {a}{b}{c}

3,000.00 PV-00200 17/1/2023 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
3,450.00
220.00 PV-00147 1/12/2022 {a}{b}{c}
1,500.00 PV-00194 17/1/2023 {a}{b}{c}
{a}{b}{c}
{a}{b}{c}
1,720.00
82,162.50 90%
Period : 31.08.2022
Subject : Trade Creditors Circularisation - test for unpaid invoice
Supplier Name: Owing Amount Date
1 Gold Eagle Forklift Enterprise (M) Sdn Bhd 9,060.18 01.08.2022

01.08.2022
01.08.2022
05.08.2022
16.08.2022
29.08.2022
2 KK Radiator & Exhaust Specialist 80.00 04.08.2022

M1-1
Reviewed by : WLL
Inv No Amount
03613 282.88 {f}

Rental factory (7) 2,250.00 {f}
Triton 5520 (7) 1,714.00 {f}
03405 1,000.00 {f}
03404 840.00 {f}
03430 2,973.30 {f}
9,060.18
55531 80.00 {f}
80.00
M2
Subject : Trade Creditors Listing @ 31.08.2022
CODE COMPANY NAME BALANCE

None
400-A0004 ADVANCE TECH POLYMERS SDN BHD MYR 1,130.00
400-C0006 CKM HOSES & PIPING ENGINEERING MYR 140.00
400-C0008 CH DIESEL PUMP SERVICES MYR 1,349.00
400-D0001 DENZON AUTO SDN BHD MYR 2,530.00
400-D0002 DURA WHEELS SDN BHD MYR 3,680.00
400-E0001 ENERGYHUB ( M ) SDN BHD MYR 3,400.00
400-G0001 GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN BHD MYR 30,853.18
400-H0001 HWA HOSE & PIPE TRADING MYR 804.00
400-H0002 HUP CHING FORKLIFT PARTS SDN BHD MYR 1,362.00
400-H0003 HUP SENG ENTERPRISE MYR 2,769.00
400-K0002 KK RADIATOR & EXHAUST SPECIALIST MYR 1,240.00
400-M0001 MMY FORKLIFT PARTS TRADING MYR 8,058.10
400-S0001 SONICMAX ENGINEERING WORKS MYR 3,060.00
400-S0002 SKYFIL AUTO PARTS SDN BHD MYR 367.40
400-S0004 SHOWAKA AUTO (M) SDN BHD MYR 25,310.00
400-S0005 SL INDUSTRIES SUPPLIES MYR 3,450.00
400-S0006 S B CARRIER MYR 1,720.00
GRAND TOTAL 91,222.68

-
pared by : SNC 28.03.2023
iewed by : WLL
M1
M1
M1
M1/M2-a
M1/M2-b
M1
M1
M1/M2-e
M1/M2-c
M1/M2-d
M1
M1/M2-f
M1
M1/M2-g
M1/M2-h
M1/M2-i
M1/M2-j
M/M2-1
Period : 31.08.2022
Subject : Trade Creditors Aging Report @ 31.08.2022
GOLDEAGLE FORKLIFT SDN. BHD. Aug'22 Jul'22

CODE COMPANY NAME
CURRENT 1 MONTH
400-A0004 ADVANCE TECH POLYMERS SDN BHD MYR - -

400-C0006 CKM HOSES & PIPING ENGINEERING MYR - 140.00
400-C0008 CH DIESEL PUMP SERVICES MYR - 477.00
400-D0001 DENZON AUTO SDN BHD MYR 1,200.00 880.00
400-D0002 DURA WHEELS SDN BHD MYR 2,315.00 225.00
400-E0001 ENERGYHUB ( M ) SDN BHD MYR - -
400-G0001 GOLD EAGLE FORKLIFT ENTERPRISE (M) SDN BHD MYR 9,060.18 10,185.00
400-H0001 HWA HOSE & PIPE TRADING MYR 210.00 198.00
400-H0002 HUP CHING FORKLIFT PARTS SDN BHD MYR - 370.00
400-H0003 HUP SENG ENTERPRISE MYR 684.00 725.00
400-K0002 KK RADIATOR & EXHAUST SPECIALIST MYR 80.00 210.00
400-M0001 MMY FORKLIFT PARTS TRADING MYR 1,326.10 1,215.10
400-S0001 SONICMAX ENGINEERING WORKS MYR - 240.00
400-S0002 SKYFIL AUTO PARTS SDN BHD MYR - 214.30
400-S0004 SHOWAKA AUTO (M) SDN BHD MYR 880.00 -
400-S0005 SL INDUSTRIES SUPPLIES MYR 3,000.00 -
400-S0006 S B CARRIER MYR 1,500.00 220.00
20,255.28 15,299.40
22% 17%
M2-1
Reviewed by : WLL
Jun'22 May'22 Apr'22 Mar'22 and before

5 MONTHS AND
2 MONTHS 3 MONTHS 4 MONTHS BALANCE
MORE
1,130.00 - - - 1,130.00
- - - - 140.00
872.00 - - - 1,349.00
450.00 - - - 2,530.00
120.00 1,020.00 - - 3,680.00
- 3,400.00 - - 3,400.00
5,804.00 5,804.00 - - 30,853.18
396.00 - - - 804.00
992.00 - - - 1,362.00
800.00 560.00 - - 2,769.00
230.00 720.00 - - 1,240.00
5,516.90 - - - 8,058.10
630.00 170.00 2,020.00 - 3,060.00
153.10 - - - 367.40
3,800.00 7,030.00 11,200.00 2,400.00 25,310.00
450.00 - - - 3,450.00
- - - - 1,720.00
21,344.00 18,704.00 13,220.00 2,400.00 91,222.68 M2

23% 21% 14% 3% -
M3
Subject : Trade Payables - Analytical Review
w/p ref 2022 2021 Variance

RM RM (days)
Trade payables M 91,222.68 -
Purchases R2 146,820.40 -
Trade payables turnover period (days) 299 #DIV/0! #DIV/0!
Analytical Review
The credit period granted to supplier is ranging from 30 days to 90 days. However, the trade creditor turnover days
of 164 days was not within the average credit period of 30 to 90 days granted to supplier. However, this represent
Company use only average of 299 days to settle its debts to supplier.
M4
Subject : Other payables and Accrued expenses
Balance as at <------- Adjustment ------> Adjusted bal Variance

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 RM'000
RM RM RM RM RM
Other creditors M5 22,500.00 22,500.00 - 23
Accruals M5 7,616.12 AJE 1 3,500.00 11,116.12 - 11
30,116.12 33,616.12 {a} -
Increased mainly due to company started business operation during the financial year.
Findings
Conclusion
Based on the work done, I am of the opinion that accrued expenses is fairly stated as at 31.08.2022.
M5
Subject : Other payables and Accrued expenses
Balance as at <------- Adjustment ------> Adjusted bal

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 Subsequent
RM RM RM RM RM Payment (RM) Date Cheque No. Clearance
Other payables
Gold Eagle Forklift Enterprise (M) Sdn Bhd 22,500.00 TB 22,500.00 -
22,500.00 - - 22,500.00 -
Accruals
Audit fee
- 2022 - AJE 1 2,500.00 2,500.00 -
Tax agent fee

- 2022 - AJE 1 1,000.00 1,000.00 -
Accounting fee
- 2022 - TB - -
Expenses claims:-
Chan Chun Fei 244.30 TB 244.30 - 244.30 15.09.2022 IBG transfer
Chan Chun Yean 1,565.18 TB 1,565.18 - 1,565.18 15.09.2022 IBG transfer
Chew Weng Kei 605.20 TB 605.20 - 605.20 15.09.2022 IBG transfer
Gold Eagle Forklift Enterprise (M) Sdn Bhd M5-a 2,701.44 TB 2,701.44 -
- accrued cost for subcontractor fee for Aug'22
Admin fee - Aug'22 2,500.00 TB 2,500.00 - 2,500.00 01.09.2022 IBG transfer
M4 7,616.12 - 3,500.00 11,116.12 -
30,116.12 - 3,500.00 33,616.12 {a} -
Notes:-
Work Done
M7
Subject: Corak Merdeka Sdn Bhd
Balance as at <------- Adjustment ------> Adjusted bal

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021
RM RM RM RM RM
Corak Merdeka Sdn Bhd (300,000) TB (300,000) - (300) #DIV/0!

- - TB - - - #DIV/0!
P2 (300,000) (300,000) - (300) #DIV/0!

Ø Ø Ø
Work Done
{c} Checked to SST report.
M7
Subject : Amount due to director
Balance as at <--------Adjustment-------> Adjusted bal

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 Variance
Amount owing by/(to) director TB
Soong Kok Kong M6-1 / C-1A - - - {a}{b} - 0
Yong Pouy Soong M6-2 - - {a}{b} - 0
- - 0.00
Varianes Explanation
The increased was due to advanced from director during the year.
Movement during the year

Balance b/f RM
Opening balance -
Advanced 68,529.23
Drawings (31,824.29)
-
RJE 1 (Being reclassification of account from
As per above 36,704.94

36,704.94
Work Done
{b} Letter of confirmation has been sent to Directors.
Findings
Conclusion
Based on the work done, I am of the opinion that amount owing to directors is fairly stated as at 31.03.2019.
M8
Subject : Citi Game Holdings Sdn Bhd

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 RM'000
RM RM RM RM RM
Citi Game Holdings Sdn Bhd M5 35,700.00 TB 35,700.00 - 0
35,700.00 35,700.00 {a} -
Increased mainly due to stale unclaimed during the financial year.
Findings
Conclusion
Based on the work done, I am of the opinion that other payables and accrued expenses is fairly stated as at 30.09.2019.
M6
Subject : Amount Owing To Directors

w/p ref 31.08.2022 Dr Cr 31.08.2022 31.08.2021 RM'000
RM RM RM RM RM
Lee Ying Seong CA-2 - TB - - 0

Loh Loon Lee CB-2 - TB - - 0
- - {a} -
RECAP RECAP
Lee Ying Seong RM Lee Ying Seong RM
Opening Bal - Opening Bal -
Cash Advanced 188,587.04 Cash Advanced -
Payment (80,218.41) Payment -
Closing bal 108,368.63 Closing bal -
Loh Loon Lee RM Loh Loon Lee RM

Opening Bal - Opening Bal -
Cash Advanced 152,197.30 Cash Advanced -
Payment (52,580.34) Payment -
Closing bal 99,616.96 Closing bal -
Increased mainly due to advances from director during the financial year.
Findings
Conclusion
Based on the work done, I am of the opinion that amount owing to directors is fairly stated as at 31.08.2022
O1
Subject: Deferred revenue - Lead
Balance as at <--- Adjustment ---> Adjusted bal

w/p Ref #REF! DR CR #REF! #REF! Variance
LY %
Deferred revenue - Current TB O3 827,768.94 827,769 416,865 99%

###
- Non current TB O3 231,275.01 231,275 154,704 49%

###
TOTAL DEFERRED REVENUE 1,059,044 - - 1,059,044 571,569 85%

###
Ø Ø Ø
Overall Analytical Review

Increased due to service has not been provided to customer while recorded as deferred revenue during the year.
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low level.
O2
Subject: Verification of Deferred revenue
Objective: To obtain a reasonable assurance on the validity and accuracy of balances as of reporting date
Source: Other receivables listing as of reporting date
Basis of selection: 100%
Findings:
WP Balance at Date Date Amount Date of Subsequent

ref 31-Mar-19 Sent Received confirmed Difference receipt Receipts
RM RM RM RM
C BS AL
Total Samples - - - - -
Population 1,059,044
Coverage (at least 50%) 0%
Alternative tests of vouching MUST be performed for those debts circularised but not received. This includes brought forward balances.
The only exception is debts fully provided for as the financial impact has been accounted for.
This is required by the International Standards on Auditing
C Confirmation Circularised
BS Checked to Bank in Slips / Bank Statements / Official Receipts
INV Checked to Invoices
DO Checked to Delivery Orders
AL Agreed to letter of loan signed by director and borrowers.
Conclusion Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low level
O3
Subject: Deferred Revenue - Verifications
Objective: To test if the balances reported is reasonably accurate and verify to source doucments for its validity
Source: Accruals listing as at reporting date
Basis of selection: 100%
Work steps: 1) For item under basis of selection, trace to the detailed listing and ensure that the accruals or provisions are properly taken up
2) For further work done, please refer to the respective audit working papers.
Balance as at <--- Adjustment ---> Adjusted bal

w/p Ref #REF! DR CR #REF! #REF! Variance
RM RM RM RM RM RM'000 %
GL LY
Deferred revenue
Non current
Hitachi Sunway 15,000 15,000 - 15,000 (15) -100%
United Overseas Bank (M) Berhad 16,500 16,500 - 16,500 (17) -100%
Sunway Construction SB 18,333 5,500 12,833.34 18,333 (5) -30%
Vizone Solutions SB 7,583 7,583 - 7,583 (8) -100%
Sunway Shared Services SB 3,088 3,088 - 3,088 (3) -100%
Bank Islam Malaysia Berhad 42,000 42,000 - 42,000 (42) -100%
Bank Islam Malaysia Berhad 52,200 52,200 - 52,200 (52) -100%
SUNWAY CONSTRUCTION SDN BHD 4,942 4,941.67 - 5 #DIV/0!

Sunway Shared Services Sdn Bhd 213,500 213,500.00 - 214 #DIV/0!
O1/O5-2018.ref 154,704 O6 141,871 218,442 231,275.01 154,704

Current
United Overseas Bank (Malaysia) Bhd 8,250 8,250 - 8,250 (8) -100%
CTC Global Sdn Bhd 11,063 11,063 - 11,063 (11) -100%
LeapEd Services Sdn. Bhd. 7,232 7,232 - 7,232 (7) -100%
Vizone Solutions Sdn Bhd 7,583 7,583 - 7,583 (8) -100%
Bank Muamalat Malaysia Berhad 8,750 8,750 - 8,750 (9) -100%
Sepakat Setia Perunding Sdn Bhd 23,000 23,000 - 23,000 (23) -100%
CTC Global Sdn Bhd (UOB) 15,000 15,000 - 15,000 (15) -100%
Sunway Shared Services Sdn Bhd 7,500 7,500 - 7,500 (8) -100%
K2 Baseline Sdn Bhd 8,667 8,667 - 8,667 (9) -100%
Sunway Construction Sdn Bhd 4,875 4,875 - 4,875 (5) -100%
Sunway Velocity Mall Sdn Bhd 3,180 3,180 - 3,180 (3) -100%
Petronas ICT Sdn. Bhd. 87,450 87,450 - 87,450 (87) -100%
Sunway Pals Loyalty Sdn Bhd 8,333 8,333 - 8,333 (8) -100%
CIMB Bank Berhad 17,500 17,500 - 17,500 (18) -100%
Lonpac Insurance Berhad 10,500 10,500 - 10,500 (11) -100%
Sunway Shared Services Sdn Bhd 10,875 10,875 - 10,875 (11) -100%
Al Rajhi Bank 10,500 10,500 - 10,500 (11) -100%
Al Rajhi Bank 9,000 9,000 - 9,000 (9) -100%
SUNWAY CONSTRUCTION SDN BHD 2,383 2,383 - 2,383 (2) -100%
Sun Life Malaysia Assurance Berhad 41,100 41,100 - 41,100 (41) -100%
Credit Guarantee Corporation Malaysia Berhad 7,000 7,000 - 7,000 (7) -100%
Sunway Shared Services Sdn Bhd 73,412 61,177 12,235.00 73,412 (61) -83%
United Overseas Bank (Malaysia) Bhd 8,250 8,250.00 - 8 #DIV/0!
SUNWAY BINTANG SDN BHD 1,417 1,416.67 - 1 #DIV/0!
Sunway Marketing Sdn Bhd 1,625 1,625.00 - 2 #DIV/0!
Sunway Iskandar Sdn Bhd 1,500 1,500.00 - 2 #DIV/0!
Bank Islam Malaysia Berhad 2,708 2,708.33 - 3 #DIV/0!
Vizone Solutions Sdn Bhd 2,167 2,166.67 - 2 #DIV/0!
Sunway Paving Solutions Sdn Bhd - Senai 2,000 2,000.00 - 2 #DIV/0!
Maybank Shared Services Sdn Bhd 15,000 15,000.00 - 15 #DIV/0!
NetAssist (M) Sdn Bhd 2,292 2,291.67 - 2 #DIV/0!
Sunway Paving Solutions Sdn Bhd 1,500 1,500.00 - 2 #DIV/0!
Mass Rapid Transit Corporation Sdn Bhd 2,708 2,708.33 - 3 #DIV/0!
Felda Prodata Systems Sdn Bhd 3,125 3,125.00 - 3 #DIV/0!
Sunway Construction Sdn Bhd 1,500 1,500.00 - 2 #DIV/0!
Ipay88 (M) Sdn Bhd 6,000 6,000.00 - 6 #DIV/0!
Vizone Solutions Sdn Bhd 7,583 7,583.33 - 8 #DIV/0!
Hong Leong Bank Berhad 7,560 7,560.00 - 8 #DIV/0!
Sunway Medical Centre Sdn Bhd 5,000 5,000.00 - 5 #DIV/0!
CTC Global Sdn Bhd / UOB 15,000 15,000.00 - 15 #DIV/0!
Petronas ICT Sdn. Bhd. 87,450 87,450.00 - 87 #DIV/0!
Credit Guarantee Corporation Malaysia Berhad 7,000 7,000.00 - 7 #DIV/0!
Lonpac Insurance Berhad 10,500 10,500.00 - 11 #DIV/0!
CARLSBERG BREWERY MALAYSIA BERHAD 2,250 2,250.00 - 2 #DIV/0!
Bank Muamalat Malaysia Berhad 8,750 8,750.00 - 9 #DIV/0!
Maybank Shared Services Sdn Bhd 11,250 11,250.00 - 11 #DIV/0!
Sunway Pals Loyalty Sdn Bhd 7,500 7,500.00 - 8 #DIV/0!
CIMB Bank Berhad 21,000 21,000.00 - 21 #DIV/0!
Sunway Velocity Mall Sdn Bhd 3,300 3,300.00 - 3 #DIV/0!
RHB TRUSTEES BERHAD (AS TRUSTEE FOR SUNWAY REIT)(PUTRA) 3,300 3,300.00 - 3 #DIV/0!
RHB Trustee Berhad (as trustee for Sunway REIT)Carnival 5,500 5,500.00 - 6 #DIV/0!
Felda Prodata Systems Sdn Bhd 11,000 11,000.00 - 11 #DIV/0!
Bank Muamalat Malaysia Berhad 9,750 9,750.00 - 10 #DIV/0!
Sun Life Malaysia Assurance Berhad 18,000 18,000.00 - 18 #DIV/0!
SUNWAY PAVING SOLUTIONS SDN BHD 2,625 2,625.00 - 3 #DIV/0!
Axiata Group Berhad 3,208 3,208.33 - 3 #DIV/0!
LeapEd Services Sdn. Bhd. 36,450 36,450.00 - 36 #DIV/0!
Bank Negara Malaysia 5,000 5,000.00 - 5 #DIV/0!
Sunway Construction SB 5,500 5,500.33
O4 / O4-2018.ref 416,865 404,630 815,534 827,768.94 416,865 411 99%
TOTAL 571,569 O4 546,501 O5 1,033,975 1,059,043.95 571,569 487 85%
Ø Ø Ø
Workdone:
LY -Agreed to last year audited balance
GL -Agreed to General Ledger
Ø -Casting checked
OR -Verified to official receipt
SS -Checked to subsequent year ended sale invoice
C Confirmation Circularised
Coverage: Deferred revenue Outstanding Paid on Amount settled Reference number

Sunway Construction SB 12,833
SUNWAY CONSTRUCTION SDN BHD 4,942
Sunway Shared Services Sdn Bhd 213,500
United Overseas Bank (Malaysia) Bhd 8,250
SUNWAY BINTANG SDN BHD 1,417
Sunway Marketing Sdn Bhd 1,625
Sunway Iskandar Sdn Bhd 1,500
Bank Islam Malaysia Berhad 2,708
Vizone Solutions Sdn Bhd 2,167
Sunway Paving Solutions Sdn Bhd - Senai 2,000
Maybank Shared Services Sdn Bhd 15,000
NetAssist (M) Sdn Bhd 2,292
Sunway Paving Solutions Sdn Bhd 1,500
Mass Rapid Transit Corporation Sdn Bhd 2,708
Felda Prodata Systems Sdn Bhd 3,125
Sunway Construction Sdn Bhd 1,500
Ipay88 (M) Sdn Bhd 6,000
Vizone Solutions Sdn Bhd 7,583
Hong Leong Bank Berhad 7,560
Sunway Medical Centre Sdn Bhd 5,000
CTC Global Sdn Bhd / UOB 15,000
Petronas ICT Sdn. Bhd. 87,450
Credit Guarantee Corporation Malaysia Berh 7,000
Lonpac Insurance Berhad 10,500
CARLSBERG BREWERY MALAYSIA BERH 2,250
Bank Muamalat Malaysia Berhad 8,750
Maybank Shared Services Sdn Bhd 11,250
Sunway Pals Loyalty Sdn Bhd 7,500
CIMB Bank Berhad 21,000
Sunway Velocity Mall Sdn Bhd 3,300
RHB TRUSTEES BERHAD (AS TRUSTEE F 3,300
RHB Trustee Berhad (as trustee for Sunway 5,500
Felda Prodata Systems Sdn Bhd 11,000
Bank Muamalat Malaysia Berhad 9,750
Sun Life Malaysia Assurance Berhad 18,000
SUNWAY PAVING SOLUTIONS SDN BHD 2,625
Axiata Group Berhad 3,208
LeapEd Services Sdn. Bhd. 36,450
Bank Negara Malaysia 5,000
Sunway Construction SB 5,500
1,059,044 -
Coverage: 128% 0%
Conclusion Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low level.
O5
Deferred revenue
based on Diff.
Month for
Service period Invoices Contract sum - current year Deferred Recognised as Deferred Remaining
Customers Invoices Invoices Date Service period month Amount Services renenue revenue sales revenue Contract period Remaining period Overstated FY2020 FY2020
Start Date End Date B/F Current year C/F WP
RM RM RM RM RM RM RM RM RM RM
YA 2019
1 United Overseas Bank (Malaysia) Bhd INV180074 15-May-18 1-Jul-18 30-Jun-19 12 63,000.00 33,000.00 9 24,750.00 8,250.00 3 8,250.00 8,250.00
2 SUNWAY CONSTRUCTION SDN BHD INV180087 2-Jul-18 22-Jun-18 22-Jun-21 36 17,825.00 14,825.00 10 4,118.06 10,706.94 26 10,706.94 10,706.94
3 SUNWAY BINTANG SDN BHD INV180089 28-May-18 17-May-19 17-May-19 12 11,000.00 8,500.00 10 7,083.33 1,416.67 2 1,416.67 1,416.67
4 Sunway Marketing Sdn Bhd INV180097-1 20-Jun-18 18-Jun-18 18-Jun-19 12 41,700.00 6,500.00 9 4,875.00 1,625.00 3 1,625.00 1,625.00
5 Sunway Iskandar Sdn Bhd INV180104 18-Jul-18 30-Jun-18 30-Jun-19 12 13,412.00 6,000.00 9 4,500.00 1,500.00 3 1,500.00 1,500.00
6 Bank Islam Malaysia Berhad INV180106 24-Jul-18 02-May-18 02-May-19 12 40,900.00 32,500.00 11 29,791.67 2,708.33 1 2,708.33 2,708.33
7 Vizone Solutions Sdn Bhd INV180115 15-Aug-18 24-Jul-18 23-Jul-19 12 6,500.00 6,500.00 8 4,333.33 2,166.67 4 2,166.67 2,166.67
8 Sunway Paving Solutions Sdn Bhd - Senai INV180123 27-Aug-18 30-Jul-18 30-Jul-19 12 11,240.00 6,000.00 8 4,000.00 2,000.00 4 2,000.00 2,000.00
9 Maybank Shared Services Sdn Bhd INV180125 27-Aug-18 15-Aug-18 15-Aug-19 12 252,324.68 45,000.00 8 30,000.00 15,000.00 4 15,000.00 15,000.00
10 NetAssist (M) Sdn Bhd INV180131 30-Aug-18 28/Aug/18 28/Aug/19 12 28,600.00 5,500.00 7 3,208.33 2,291.67 5 2,291.67 2,291.67
11 Sunway Paving Solutions Sdn Bhd INV180132 30-Aug-18 10/Aug/18 10/Aug/19 12 9,765.00 4,500.00 8 3,000.00 1,500.00 4 1,500.00 1,500.00
12 Mass Rapid Transit Corporation Sdn Bhd INV18-09-001 4-Sep-18 30/Aug/18 30/Aug/19 12 21,900.00 6,500.00 7 3,791.67 2,708.33 5 2,708.33 2,708.33
13 Felda Prodata Systems Sdn Bhd INV18-09-003 7-Sep-18 5/Sep/18 5/Sep/19 12 15,000.00 7,500.00 7 4,375.00 3,125.00 5 3,125.00 3,125.00
14 United Overseas Bank (Malaysia) Bhd INV18-09-007 19-Sep-18 1-Jan-19 31-Dec-19 12 40,850.00 9,500.00 3 2,375.00 7,125.00 9 7,125.00 7,125.00
15 Sunway Construction Sdn Bhd INV18-10-004 4-Oct-18 30-Jun-18 30-Jun-19 12 13,412.00 6,000.00 9 4,500.00 1,500.00 3 1,500.00 1,500.00
16 Ipay88 (M) Sdn Bhd INV18-11-009 28-Nov-18 1-Dec-18 1-Dec-19 12 28,750.00 9,000.00 4 3,000.00 6,000.00 8 6,000.00 6,000.00
17 Vizone Solutions Sdn Bhd INV18-12-001 3-Dec-18 1-Nov-18 31-Oct-19 12 13,000.00 13,000.00 5 5,416.67 7,583.33 7 7,583.33 7,583.33
18 United Overseas Bank (Malaysia) Bhd INV18-12-010 3-Dec-18 1-Jan-19 31-Dec-19 12 108,318.33 15,000.00 3 3,750.00 11,250.00 9 11,250.00 11,250.00
19 Hong Leong Bank Berhad INV18-12-015 11-Dec-18 1-Jan-19 31-Dec-19 10 54,090.00 10,800.00 3 3,240.00 7,560.00 7 7,560.00 7,560.00
20 Sunway Shared Services Sdn Bhd INV18-12-017 18-Dec-18 19-Dec-18 19-Dec-19 12 51,000.00 10,000.00 4 3,333.33 6,666.67 8 6,666.67 6,666.67
21 Sunway Medical Centre Sdn Bhd INV18-12-018 18-Dec-18 4-Dec-18 4-Dec-19 12 19,500.00 7,500.00 4 2,500.00 5,000.00 8 5,000.00 5,000.00
22 CTC Global Sdn Bhd / UOB INV18-12-022 21-Dec-18 1-Jan-19 31-Dec-19 12 66,500.00 20,000.00 3 5,000.00 15,000.00 9 15,000.00 15,000.00
23 Sunway Shared Services Sdn Bhd INV18-12-023 26-Dec-18 26-Dec-18 26-Dec-19 12 46,100.00 9,500.00 3 2,375.00 7,125.00 9 7,125.00 7,125.00
25 Petronas ICT Sdn. Bhd. INV18-12-025 28-Dec-18 1-Jan-19 31-Dec-19 12 227,600.00 116,600.00 3 29,150.00 87,450.00 9 87,450.00 87,450.00
26 Credit Guarantee Corporation Malaysia Berhad INV19-01-001 2-Jan-19 5-Nov-18 5-Nov-19 12 55,600.00 12,000.00 5 5,000.00 7,000.00 7 7,000.00 7,000.00
27 Lonpac Insurance Berhad INV19-01-002 4-Jan-19 1-Jan-19 31-Dec-19 12 54,500.00 14,000.00 3 3,500.00 10,500.00 9 10,500.00 10,500.00
28 CARLSBERG BREWERY MALAYSIA BERHAD INV19-01-003 15-Jan-19 1-Jan-19 31-Dec-19 12 14,800.00 3,000.00 3 750.00 2,250.00 9 2,250.00 2,250.00
29 Bank Muamalat Malaysia Berhad INV19-01-005 23-Jan-19 3-Nov-18 2-Nov-19 12 15,000.00 15,000.00 5 6,250.00 8,750.00 7 8,750.00 8,750.00
30 Maybank Shared Services Sdn Bhd INV19-01-008 24-Jan-19 1-Jan-19 31-Dec-19 12 326,000.00 15,000.00 3 3,750.00 11,250.00 9 11,250.00 11,250.00
31 Sunway Pals Loyalty Sdn Bhd INV19-01-011 25-Jan-19 8-Jan-19 9-Jan-20 12 57,225.00 10,000.00 3 2,500.00 7,500.00 9 7,500.00 7,500.00
32 CIMB Bank Berhad INV19-02-001 14-Feb-19 1-Nov-18 31-Oct-19 12 120,807.50 36,000.00 5 15,000.00 21,000.00 7 21,000.00 21,000.00
33 Sunway Velocity Mall Sdn Bhd INV19-02-002 15-Feb-19 1-Jan-19 31-Dec-19 12 10,300.00 4,400.00 3 1,100.00 3,300.00 9 3,300.00 3,300.00
34 RHB TRUSTEES BERHAD (AS TRUSTEE FOR SUNWAY REIT) INV19-02-004 19-Feb-19 1-Jan-19 31-Dec-19 10,300.00 4,400.00 3
(PUTRA) 12 1,100.00 3,300.00 9 3,300.00 3,300.00
35 RHB Trustee Berhad (as trustee for Sunway REIT)Carnival INV19-02-005 19-Feb-19 15-Mar-19 15-Mar-20 12 11,005.00 6,000.00 1 500.00 5,500.00 11 5,500.00 5,500.00
36 Felda Prodata Systems Sdn Bhd INV19-03-001 12-Mar-19 12-Mar-19 11-Mar-20 12 31,000.00 12,000.00 1 1,000.00 11,000.00 11 11,000.00 11,000.00
37 Bank Muamalat Malaysia Berhad INV19-03-002 8-Mar-19 16-Jan-19 15-Jan-20 12 198,000.00 13,000.00 3 3,250.00 9,750.00 9 9,750.00 9,750.00
38 Sun Life Malaysia Assurance Berhad INV19-03-004 12-Mar-19 1-Apr-19 31-Mar-20 12 42,250.00 18,000.00 0 - 18,000.00 12 18,000.00 18,000.00
39 SUNWAY CONSTRUCTION SDN BHD INV19-03-005 15-Mar-19 21-Dec-18 21-Dec-19 12 17,900.00 6,500.00 4 2,166.67 4,333.33 8 4,333.33 4,333.33
40 SUNWAY PAVING SOLUTIONS SDN BHD INV19-03-006 15-Mar-19 14-Jan-19 14-Jan-20 12 5,640.00 3,500.00 3 875.00 2,625.00 9 2,625.00 2,625.00
41 Axiata Group Berhad INV19-03-009 20-Mar-19 15-Mar-19 15-Mar-20 12 10,470.00 3,500.00 1 291.67 3,208.33 11 3,208.33 3,208.33
42 LeapEd Services Sdn. Bhd. INV19-03-014 27-Mar-19 1-Jan-19 31-Dec-19 12 48,600.00 48,600.00 3 12,150.00 36,450.00 9 36,450.00 36,450.00
43 Bank Negara Malaysia INV19-03-017 29-Mar-19 28-Mar-19 28-Mar-20 12 27,800.00 5,000.00 0 - 5,000.00 12 5,000.00 5,000.00
24 Sunway Shared Services Sdn Bhd INV18-12-024 28-Dec-18 12-May-19 12-May-22 36 640,500.00 640,500.00 0 - 640,500.00 O5-1 36 640,500.00 640,500.00
Work Done
C Checked to sales contract with customers and verify the term of the contract.
CA Checked computation for the amortisation of the sales recognised during the period. 1,028,475.28 O1 /O3
S Checked to sales invoices.
GL As per GL.
LY As per prior year.
Ø Casting.
O6
Deferred revenue
Service Month for
period Contract sum - current year Remaining based on Diff.
Customers Invoices Invoices Date Service period month WP Invoices Amount Services renenue Deferred revenue Recognised as sales Deferred revenue Contract period Remaining period Overstated Current Non-current
B/F Current year C/F WP
RM RM RM RM RM RM RM RM RM
YA 2014
2 Hitachi Sunway 140001 20.01.14 16.01.14 to 15.01.18 60 394,940.00 100,000.00 55,000.00 20,000.00 35,000.00 RM 100,000/5 years 21 35,000.00 - 20,000.00 15,000.00 (15,000.00)
6 United Overseas Bank (M) Berhad 160052-1 29.11.16 1.6.17 to 31.5.18 12 126,000.00 99,000.00 - - 99,000.00 12 99,000.00 - 82,500.00 16,500.00 (16,500.00)
15 Sunway Construction SB 160078 15.8.16 12.8.16 to 12.8.21 60 89,410.00 27,500.00 - 3,666.67 23,833.33 52 23,833.33 - 5,500.00 18,333.33 (5,500.00)
24 Vizone Solutions SB 160111 5.12.16 1.11.16 to 31.10.18 24 26,000.00 26,000.00 - 5,416.67 20,583.33 19 20,583.33 - 13,000.00 7,583.33 (7,583.33)
36 Sunway Shared Services SB 170007 16.1.17 29.5.17 to 29.5.18 12 57,000.00 18,500.00 - - 18,500.00 12 18,500.00 - 15,412.00 3,088.00 (3,088.00)
*Fully recognised as
48 Bank Islam Malaysia Berhad 170014 8.2.17 until 2.10.17 haven't confirm 42,000.00 42,000.00 - - 42,000.00 42,000.00 - - 42,000.00 (42,000.00) deferred revenue.
*Fully recognised as
49 Bank Islam Malaysia Berhad 170014-1 8.2.17 until 2.10.17 haven't confirm 52,200.00 52,200.00 - - 52,200.00 52,200.00 - - 52,200.00 (52,200.00) deferred revenue.
265,200.00 - 9,083.33 256,116.67 256,116.67 - 116,412.00 154,704.67 (141,871.33)
O3
Remarks
Job completed
Job completed
Support still on going till 2021
Job completed
Job completed
Job completed
INV170014-1 cancelled
replaced by INV180102
R1
Subject: Sales
WP Per mgmt Adjustments

ref accounts DR CR 31.08.2022 31.08.2021 Variance
LY
Sales R1-1
- Sales 300,088.00 TB 300,088.00 - 300 #DIV/0!
- Sales - Forklift 62,000.00 TB 62,000.00 - 62 #DIV/0!
- Sales - Rental 18,300.00 TB 18,300.00 - 18 #DIV/0!
Sales discount R1-1 - TB - - - #DIV/0!
380,388.00 380,388.00 - 380 #DIV/0!

Ø Ø Ø
Y1-1

Increased of sales mainly due to company start business operation during the financial year.
V Vouched to invoice
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low level.
Period : 31.08.2022
Subject: Summary of Sales
Breakdown of sales
Sales Sales - Forklift Sales - Rental Return

RM RM RM RM
Nov - - - -
Dec'21 - - - -
Jan'22 2,526.00 - - -
Feb 14,769.00 - - -
Mar 39,709.00 - 2,200.00 -
Apr 65,337.00 62,000.00 1,700.00 -
May 50,483.00 - 5,100.00 -
Jun 31,033.00 - 3,100.00 -
Jul 33,628.00 - 3,100.00 -
Aug 62,603.00 - 3,100.00 -
300,088.00 62,000.00 18,300.00 -

GL GL
Ø Ø Ø
Inv Vouched to invoice/delivery order/packing listing/bill of lading and quotations

GL Agreed to GL
Ø Casting done
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an
acceptably low level.
R1-1
Reviewed by : WLL
TOTAL
RM RM
- -
- -
- 2,526.00 Inv
- 14,769.00 Inv
- 41,909.00 Inv
- 129,037.00 Inv
- 55,583.00 Inv
- 34,133.00 Inv
- 36,728.00 Inv
- 65,703.00 Inv
- 380,388.00
380,388.00
Ø
Y1
-
al misstatement is reduced to an
Period : 31.08.2022
Subject: SALES INVOICES CUT-OFF TEST (Sales)
CUSTOMER NAME INVOICE NO. DATE DO NO.
FYE 31 AUGUST 2022
1) Khaishen Trading Sdn Bhd 1374 8/25/2022 1374
3) Gold Eagle Forklift Enterprise (M) Sdn Bhd 1376 8/30/2022 1376
4) Jorex Sdn Bhd 1377 23.08.2022 1377
FYE 1 SEPTEMBER 2022
2) Legion Extruder Sdn Bhd 1379 9/1/2022 1379
Remark :
a) The numbering of sales invocies are only to local sales.
- Conclusions:- the cut off for local sales is correctly taken up into accounts.
R1-2
Reviewed by : WLL
RELATED TO TAKEN UP
DATE AMOUNT 8/31/2022 9/1/2022 8/31/2022 9/1/2022
8/25/2022 300.00 X X
8/25/2022 530.00 X X
8/30/2022 3,026.56 X X
23.08.2022 1,100.00 X X
9/1/2022 695.00 X X
9/1/2022 1,090.00 X X
9/1/2022 270.00 X X
Period : 31.08.2022
Subject: SALES INVOICES CUT-OFF TEST (Sales - Rental)
CUSTOMER NAME INVOICE NO. DATE DO NO. DATE
FYE 31 AUGUST 2022
1) Everbest Furniture Sdn Bhd 1334 07.08.2022 1334 07.08.2022
2) SP Plastic Sdn Bhd 1336 09.08.2022 1336 09.08.2022
1) Everbest Furniture Sdn Bhd 1384 07.09.2022 1384 07.09.2022
2) SP Plastic Sdn Bhd 1386 09.09.2022 1386 09.09.2022
Remark :
a) The numbering of sales invocies are only to local sales.
- Conclusions:- the cut off for local sales is correctly taken up into accounts.
R1-3
Reviewed by : WLL
RELATED TO TAKEN UP
AMOUNT 8/31/2022 9/1/2022 8/31/2022 9/1/2022
1,700.00 X X
1,400.00 X X
1,700.00 X X
1,400.00 X X
Period : 31.08.2022
Subject: Cost of Sales

ref accounts DR CR
RM RM RM
Opening Stock -
Purchases R2-1 146,820.40 TB
Purchase - Returned - TB
Closing stock J (39,000.00) TB
Rental of forklift R2-3 9,360.00 TB
Purchase - Forklift R2-4 81,000.00 TB
Subcontractor charges R2-5 800.00 TB
Tools and Equipment R2-6 38.00 TB
Towign charges R2-7 5,240.00 TB
204,258.40

Purchases increased due to sales increased during the financial year.
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement
level.
R2
Reviewed by : WLL
31.08.2022 31.08.2021 Variance

RM RM RM'000 %
LY
- - - #DIV/0!
146,820.40 - 147 #DIV/0!
-
(39,000.00) - (39) #DIV/0!
9,360.00 - 9 #DIV/0!
81,000.00 - 81 #DIV/0!
800.00 - 1 #DIV/0!
38.00 - 0 #DIV/0!
5,240.00 - 5 #DIV/0!
204,258.40 -
that the risk of material misstatement is reduced to an acceptably low

Period : 31.08.2022
Subject: Summary of Cost of Sales - Purchases
Breakdown of purchases
C.O.S. - Purchases
Year Purchases Purchases Rental Tools &

Forklift Forklift equipment
RM
Nov - - - -
Dec'21 - - - -
Jan'22 1,644.60 - - -
Feb 1,937.10 - - -
Mar 25,752.00 24,000.00 1,000.00 38.00
Apr 31,088.50 42,000.00 1,000.00 -
May 32,268.60 - 1,840.00 -
Jun 27,922.60 - 1,840.00 -
Jul 13,050.90 - 1,840.00 -
Aug 13,156.10 15,000.00 1,840.00 -
Total 146,820.40 81,000.00 9,360.00 38.00

Ø
R2
-
INV Vouched to invoice/delivery order/packing listing/bill of lading and purchases order

GL Agreed to GL
Ø Casting done
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acc
R2-1
Reviewed by : WLL
Towing Purchase Total

charges return
RM
- - - Inv
- - - Inv
- - 1,644.60 Inv
- - 1,937.10 Inv
500.00 - 51,290.00 Inv
1,250.00 - 75,338.50 Inv
900.00 - 35,008.60 Inv
870.00 - 30,632.60 Inv
220.00 - 15,110.90 Inv
1,500.00 - 31,496.10 Inv
5,240.00 - 242,458.40
(800.00)
tement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: PURCHASES INVOICES CUT-OFF TEST
RELATED TO
SUPPLIER NAME INVOICE NO. DATE AMOUNT 8/31/2022
FYE 31 AUGUST 2022
1) Denzon Auto Snd Bhd CS-003031 23.08.2022 220.00 X
2) Gold Eagle Forklift Enterprise (M) Sdn Bh 03430 29.08.2022 2,973.30 X
3) Hwa Hose & Pipe Trading 8022 30.08.2022 150.00 X
1) Dura Wheels Sdn Bhd 2291 01.09.2022 830.00
2) Denzon Auto Snd Bhd CS-003067 01.09.2022 450.00
3) LC Heavy Equipment Parts (M) Sdn Bhd CS-008893 01.09.2022 199.00
- Conclusions:- the cut-off for purchases invoices are correctly taken up into accounts.
R2-2
Reviewed by : WLL
RELATED TO TAKEN UP
9/1/2022 8/31/2022 9/1/2022
X X
X X
X X
Period : 31.08.2022
Subject: Rental of forklift

w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Rental of forklift 9,360.00
9,360.00
Ø
Breakdown:-
Gold Eagle Forklift Enterprise (M) Sdn Bhd

- Rental of Toyota Forklift (7FG30-16985) for the period 05.03.2022 to 04.09.2022 - RM1,000 per mth
- Rental of Toyota Forklift (7FG25-32140) for the period 16.05.2022 to 15.09.2022 - RM840 per mth
Workdone:
V Vouched to payment voucher

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion: Based on our audit work steps performed, we conclude that the risk of mater
R2-3
Prepared by : SNC 25/04/2021
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
9,360.00 - 9 #DIV/0!
9,360.00 - 9 #DIV/0!
Ø Ø
6,000.00 V
3,360.00 V
9,360.00
GL/Ø
-
nclude that the risk of material misstatement is reduced to an

Period : 31.08.2022
Subject: Purchase - Forklift
Balance as at <--------Adjustment------->
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Purchase - Forklift 81,000.00
81,000.00
Ø
Breakdown:-
Gan Thiam Fah
Kyodo Machinery Sdn Bhd
Sin Seng Heng
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion: Based on our audit work steps performed, we conclude that the risk of material miss
low level.
R2-4
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
81,000.00 - 81 #DIV/0!
81,000.00 - 81 #DIV/0!
Ø Ø
24,000.00 V
42,000.00 V
15,000.00 V
81,000.00
GL/Ø
-
de that the risk of material misstatement is reduced to an acceptably

Period : 31.08.2022
Subject: Subcontractor charges
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Subcontractor charges 800.00
800.00
Ø
Breakdown:-
Zaw Hlaing Min - Forkift painting 7FGK40-30993
MYO - Forkift painting 608FD25-14630
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
low level.
R2-4
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
800.00 - 1 #DIV/0!
800.00 - 1 #DIV/0!
Ø Ø
150.00 V
650.00 V
800.00
GL/Ø
-
de that the risk of material misstatement is reduced to an acceptably

R2-6
Client : GOLDEAGLE FORKLIFT SDN. BHD. Prepared by : SNC 25/04/2021
Subject: Tools and Equipment

w/p ref. 31.08.2022 Dr Cr 31.08.2022 31.08.2021 Variance
TB LY
Tools and Equipment 38.00 38.00 - 0 #DIV/0!
38.00 38.00 - 0 #DIV/0!

Ø Ø Ø
Breakdown:-
Tools & Equipment 38.00 V

such as hardware items, machinery parts, and n.e.c.
38.00
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an
R2-7
Subject: Towign charges

TB LY
Towign charges 5,240.00 5,240.00 - 5 #DIV/0!
5,240.00 5,240.00 - 5 #DIV/0!

Ø Ø Ø
Breakdown:-
SB Carrier 5,240.00 V
5,240.00
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
R3
Subject : Operating expenses
w/p ref 31.08.2022 31.08.2021 Variance

RM RM RM'000
ADMINISTRATIVE EXPENSES R3-1 62,217.36 0.00 62

DEPRECIATION OF FIXED ASEETS R3-1 281.92 0.00 0
DIRECTORS' REMUNERATION R3-1 40,414.15 0.00 40
STAFF COSTS R3-1 2,057.70 0.00 2
TOTAL 104,971.13 0.00 105
The increased were mainly due company start business operation during the year.
Findings
Conclusion
Based on the work done, I am of the opinion that operating expenses for the year ended 31.08.2022
Subject: Income Statement - Lead
SCH BALANCE THIS YEAR/PERIOD AUDITED AUDITED

DECRIPTION REF PER CLIENT ADJUSTMENT BALANCE BALANCE
31.03.2019 DR CR 31.03.2019 31.03.2018
Sales R1 7,157,615.75 7,157,616 7,231,335
Sales return R1 - - -
Sales discount R1 (97,849.82) (97,850) -
Services R1 4,096,042.16 4,096,042 -
11,155,808.09 11,155,808 7,231,335
Cost of sales - purchases R2 7,888,898.20 7,888,898 5,366,861

Cost of sales - transportation R2-6 - - 6,877
7,888,898.20 7,888,898 5,373,738
Gain on disposal of fixed asset R4-1 - - 180

Gain on foreign exchange - realised R4-2 7,038.51 7,039 6,263
Interest received R4-3 17,580.95 17,581 42,006
Rental income R4-4 8,400.00 8,400 8,400
33,019.46 33,019 56,849
Administration Expenses:-
Accounting fees R3-1 66,300.00 66,300 3,000
Advertisement and promotion R3-2 922.20 922 10,000
Annual dinner R3-3 1,480.15 1,480 -
Assessment and quit rent R3-4 - - 750
Audit fee R3-5 - AJE 4 12,000 12,000 7,500
Audit fee - overprovision in prior year R3-6 - - (480)
Bank charges R3-7 1,065.97 1,066 862
Clerical and admin services R3-8 6,000.00 6,000 -
Consultation R3-9 63,750.00 63,750 -
Courier and postage R3-10 100.98 101 71
Gift and donation R3-11 3,314.00 3,314 557
HLB procurement facilities fees R3-12 - - 279
Insurance R3-14 5,727.01 5,727 6,068
Insurance & Roadtax R3-15 935.00 935 -
Late payment interest R3-16 - - -
Legal and professional fee R3-17 - - 10,000
License R3-18 600.00 600 400
Maintenance fees R3-19 1,800.00 1,800 1,350
Marketing expenses R3-20 - - -
Membership fee R3-21 - - -
Office supplies R3-22 197.87 198 136
Penalty R3-23 7,148.50 7,149 484
Petrol, toll and parking R3-24 44,836.95 44,837 34,405
Printing and stationery R3-25 2,240.58 2,241 1,513
Procurement facility fees R3-26 569.05 569 -
Rental of premises R3-27 - - -
Rounding 5 sen R3-28 (0.06) (0)
Secretarial fee and related expenses R3-29 4,065.00 4,065 1,350
Sponsorship R3-30 12,000.00 12,000
SSM company profile fees R3-31 632.50 633 16
Stamp duty R3-32 4,713.00 4,713 6,290
Tax assessment R3-33 756.50 757
Tax fees R3-34 1,500.00 1,500 3,495
Telephone and fax charges R3-35 9,578.22 9,578 6,194
Tender fee R3-36 - - 578
Travel and accomodation R3-37 7,230.71 7,231 37,341
Upkeep of office R3-38 13,311.20 13,311 1,660
Upkeep of office equipment R3-39 1,976.05 1,976 954
Vendor registration R3-40 125.00 125 -
Water and electricity R3-41 5,979.36 5,979 5,050
Web services R3-42 299.80 300 125
269,155.54 281,156 139,948
Selling and Distribution Expenses:-
Entertainment R3-43 34,719.96 34,720 32,614
Event and marketing R3-44 506.00 506 -
Sales commission R3-45 232,102.91 232,103 279,259
267,328.87 267,329 311,873
Other Operating expenses;-

Depreciation of fixed assets R3-46 92,535.33 92,535 52,582
GST unclaimable R3-47 196.53 197 5
Loss on foreign exchange - realised R3-48 19,820.08 19,820 -
Upkeep of motor vehicle R3-49 8,940.22 8,940 13,816
121,492.16 121,492 66,403
Finance cost
Bank overdraft interest R3-50 - - 2
Hire purchase interest R3-51 4,788.00 4,788 5,211
4,788.00 4,788 5,211
PERSONNEL COSTS:-
Directors' Remuneration:-
Director's commission and bonus R3-52 - - 224,000
Director's EIS R3-53 - - 24
Director's EPF R3-54 - - 27,572
Director's fees R3-55 40,000.00 40,000 40,000
Director's salary R3-56 - - 84,600
Director's SOCSO R3-57 - - 829
40,000.00 40,000 377,025
Staff costs:-
Bonus R3-58 167,200.00 167,200 245,615
EIS contribution R3-59 941.60 942 166
EPF contribution R3-60 139,005.00 139,005 78,532
Incentive R3-61 - - 3,000
Intern allowance R3-62 - - 6,220
Office drinking water R3-63 - - 72
Part-time services R3-64 12,000.00 12,000 -
Salaries and wages R3-65 738,105.91 738,106 477,518
SOCSO contribution R3-66 8,231.50 8,232 5,730
Staff incentive trip R3-67 54,092.29 54,092 14,119
Staff medical R3-68 878.65 879 1,493
Staff service award R3-69 1,826.25 1,826 -
Staff uniform R3-70 - - -
Staff wellfare R3-71 9,475.92 9,476 15,559
Sub contractor R3-72 - - -
Training and development R3-73 10,000.00 10,000
Transport allowance R3-74 3,689.67 3,690 5,000
1,145,446.79 1,145,447 853,024
R3-1
R3-1
Subject : Operating expenses

w/p ref. 31.08.2022 Dr Cr 31.08.2022 31.08.2021
RM RM RM RM RM
ADMINISTRATIVE EXPENSES
Accounting fee R3-2 2,500.00 TB 2,500.00 -
Admin fee R3-3 13,000.00 TB 13,000.00 -
Audit fee R3-4 - AJE 1 2,500.00 2,500.00 -
Bank charges R3-5 9.50 TB 9.50 -
Incorporation fee R3-6 2,500.00 TB 2,500.00 -
Penalty R3-7 10.00 TB 10.00 -
Petrol, parking and toll R3-8 6,989.28 TB 6,989.28 -
Postage and courier R3-9 39.00 TB 39.00 -
Printing and stationery R3-10 706.60 TB 706.60 -
Professional fee R3-11 440.00 TB - -
RJE 1 440.00
Rental of factory R3-12 15,750.00 TB 15,750.00 -
Rental of motor vehicle R3-13 11,998.00 TB 11,998.00 -
Secretarial fee and related expen R3-14 - TB RJE 1 440.00 440.00 -
Tax filing fee R3-15 - TB AJE 1 1,000.00 1,000.00 -
Telephone and fax charges R3-16 2,469.08 TB 2,469.08 -
Upkeep of motor vehicles R3-17 2,305.90 TB 2,305.90 -
58,717.36 62,217.36 -
DEPRECIATION
Depreciation R3-18 - AJE 2 281.92 281.92 -
DIRECTORS' REMUNERATION
Director's EIS R3-19 11.70 TB 11.70 -

Director's incentive R3-20 500.00 TB 500.00 -
Director's fee R3-21 37,000.00 RJE 2 2,800.00 39,800.00 -
Director's SOCSO R3-22 102.45 TB 102.45 -
37,614.15 40,414.15 -
STAFF COSTS
Wages R3-23 3,607.70 TB RJE 2 2,800.00 807.70 -

Staff's uniform R3-24 1,250.00 TB 1,250.00
4,857.70 2,057.70 -
101,189.21 7,021.92 3,240.00 104,971.13 -

R3-2
Subject: Accounting fee

TB LY
Accounting fee 2,500.00 2,500.00 - 3 #DIV/0!
2,500.00 2,500.00 - 3 #DIV/0!

Ø Ø Ø
Breakdown:-
Yip Bee Lian 2,500.00 V

- Feb to Jun 2022 (RM500 per mth)
2,500.00
Ø
-
Workdone:
V Vouched to payment voucher.

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low
level.
R3-3
Subject: Admin fee

TB LY
Admin fee 13,000.00 13,000.00 - 13 #DIV/0!
13,000.00 13,000.00 - 13 #DIV/0!

Ø Ø Ø
Breakdown:-

- Mar to Jun 2022 (RM2,000 per mth) 8,000.00 V
- Jul to Aug 2022 (RM2,500 per month) 5,000.00 V
13,000.00
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-4
Subject: Audit fee

TB LY
Audit fee
- Current year - AJE 1 2,500.00 2,500.00 - 3 #DIV/0!
- Over provision in prior year - - - - #DIV/0!
- 2,500.00 - 3 #DIV/0!
Ø Ø Ø
Breakdown:-
AJE 1 (Being adjustment for accrual of audit fee.)
CP Lee & Associates:-
- Provision of audit fee for year 2022 2,500.00
2,500.00
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
R3-5
SubjectBank charges

TB LY
Bank charges 9.50 9.50 - 0 #DIV/0!
9.50 9.50 - 0 #DIV/0!

Ø Ø Ø
Y Lead
Breakdown:
Nov -
Dec'21 -
Jan'22 7.50
Feb -
Mar 1.50
Apr 0.50
May -
Jun -
Jul -
Aug'22 -
9.50 BS
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
BS Sighted to bank statement
R3-6
Subject: Incorporation fee

TB LY
Incorporation fee 2,500.00 2,500.00 - 3 #DIV/0!
2,500.00 2,500.00 - 3 #DIV/0!

Ø Ø Ø
Y Lead
Breakdown:

- Incorporation fee for company 2,500.00 R3-6a
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
Period : 31.08.2022
Subject: Penalty

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Penalty 10.00
10.00
Ø
Breakdown:
Summon for motor vehicle Triton VEW 5520 *
Workdone:
* Tax not allowed
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misst
level.
R3-7
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
10.00 - 0 #DIV/0!
10.00 - 0 #DIV/0!
Ø Ø
Y Lead
10.00 V
10.00
GL/Ø
t the risk of material misstatement is reduced to an acceptably low

Period : 31.08.2022
Subject: Petrol, parking and toll

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Petrol, parking and toll 6,989.28
6,989.28
Ø
Breakdown:
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is
R3-8
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
6,989.28 - 7 #DIV/0!
6,989.28 - 7 #DIV/0!
Ø Ø
Y Lead
-
-
-
-
819.30
589.00
1,354.19
837.43
1,697.15
1,692.21
6,989.28 V
GL/Ø
-

Period : 31.08.2022
Subject: Postage and courier

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Postage and courier 39.00
39.00
Ø
Breakdown:
MCS Biz Solution Sdn Bhd - Secretaries disbursement charges
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-9
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
39.00 - 0 #DIV/0!
39.00 - 0 #DIV/0!
Ø Ø
Y Lead
39.00
39.00 V
GL/Ø
-
at the risk of material misstatement is reduced to an acceptably low

Period : 31.08.2022
Subject: Printing and stationery

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Printing and stationery 706.60
706.60
Ø
Breakdown:
Printer cartridge
Bills book
Stationery expenses
Workdone:
* Tax not allowed
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material missta
level.
R3-10
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
706.60 - 1 #DIV/0!
706.60 - 1 #DIV/0!
Ø Ø
Y Lead
193.00 V
456.00 V
57.60 V
706.60
GL/Ø
-
at the risk of material misstatement is reduced to an acceptably low

Period : 31.08.2022
Subject: Professional fee
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Professional fee 440.00 RJE 1 440.00
440.00
Ø
Workdone:
* Tax not allowed
GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatement is re
R3-11
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
- - - #DIV/0!
- - - #DIV/0!
Ø Ø
Y Lead

Period : 31.08.2022
Subject: Rental of factory
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Rental of factory 15,750.00 - -
15,750.00
Ø
Breakdown:
Landlord:- Gold Eagle Forklift Enterprise (M) Sdn Bhd
Rental:- RM2,250 x 7 month (Feb to Aug 2022)
Address:-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstatemen
R3-12
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
15,750.00 - 16 #DIV/0!
15,750.00 - 16 #DIV/0!
Ø Ø
Y Lead
15,750.00 V
15,750.00
GL/Ø
-
he risk of material misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Rental of motor vehicle
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Rental of motor vehicle 11,998.00 - -
11,998.00
Ø
Breakdown:
Landlord:- Gold Eagle Forklift Enterprise (M) Sdn Bhd
Rental:- RM1,714 x 7 month (Feb to Aug 2022)
Motor vehicle:- Triton - Vew 5520
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material mis
R3-13
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
11,998.00 - 12 #DIV/0!
11,998.00 - 12 #DIV/0!
Ø Ø
Y Lead
11,998.00 V
11,998.00
GL/Ø
-
e that the risk of material misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Secretarial fee and related expenses

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Secretarial fee and related expenses - RJE 1 440.00
-
Ø
Breakdown:

Resolution for resignation of directors
Submission of share transfer & Lodgement with SSM
Grand total
Workdone:
* Tax not allowed
GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-14
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
440.00 - 0 #DIV/0!
440.00 - 0 #DIV/0!
Ø Ø
Y Lead
200.00 R3-14a
240.00 R3-14a
440.00
440.00
Ø
-
t the risk of material misstatement is reduced to an acceptably low

R3-15
Client : GOLDEAGLE FORKLIFT SDN. BHD. Prepared by : SNC 25/04
Subject: Tax filing fee

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM RM
TB
Tax filing fee - AJE 1 1,000.00 1,000.00
- 1,000.00
Ø Ø
Y Lead
Breakdown:
AJE 1 (Being adjustment for accrual of tax filing fee.)

Provision for tax computation and Form C YA 2022 1,000.00
1,000.00
Ø
-
Workdone:
* Tax not allowed
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatemen
low level.
Reviewed by : WLL
djusted bal
31.08.2022 31.08.2021 Variance
RM RM'000 %
LY
- 1 #DIV/0!
- 1 #DIV/0!
Ø
of material misstatement is reduced to an acceptably

R3-16
Subject: Telephone and fax charges

TB LY
Telephone and fax charges 2,469.08 2,469.08 - 2 #DIV/0!
2,469.08 2,469.08 - 2 #DIV/0!

Ø Ø Ø
Y Lead
Breakdown:
Maxis bill for both director 2,469.08 GL
2,469.08
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
R3-17
Subject: Upkeep of motor vehicles

TB LY
Upkeep of motor vehicles 2,305.90 2,305.90 - 2 #DIV/0!
2,305.90 2,305.90 - 2 #DIV/0!

Ø Ø Ø
Y Lead
Breakdown:
WMQ 7913 235.00 V

Triton VEW 5520 2,040.90 V
WGS 7192 30.00
2,305.90
Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
level.
Period : 31.08.2022
Subject: Depreciation
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Depreciation - AJE 2 281.92
-
Ø
Breakdown: Please refer to fixed assets schedule as per attached. <F4>
COMPUTER & SOFTWARE
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstat
R3-18
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
281.92 - 0 #DIV/0!
281.92 - 0 #DIV/0!
Ø Ø
Y Lead
281.92 V
281.92
GL/Ø
-
that the risk of material misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Director's EIS

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Director's EIS 11.70
11.70
Ø
Breakdown:
Chan Chun Fei (RM3.90 x 1 month) For Jul 2022 only
Chew Weng Kei (RM3.90 x 1 month) For Jul 2022 only
Chan Chun Yean (RM3.90 x 1 month) For Jul 2022 only
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
level.
R3-19
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
11.70 - 0 #DIV/0!
11.70 - 0 #DIV/0!
Ø Ø
Y Lead
3.90
3.90
3.90
11.70 V
GL/Ø
-
the risk of material misstatement is reduced to an acceptably low

Period : 31.08.2022
Subject: Director's incentive
w/p ref. 31.08.2022 Dr
RM RM
TB
Director's incentive 500.00
500.00
Ø
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstate
R3-20
Reviewed by : WLL
--Adjustment-------> Adjusted bal

Cr 31.08.2022 31.08.2021 Variance
RM RM RM RM'000 %
LY
500.00 - 1 #DIV/0!
500.00 - 1 #DIV/0!
Ø Ø
Y Lead
onclude that the risk of material misstatement is reduced to an acceptably low level.
Period : 31.08.2022
Subject: Director's fee
w/p ref. 31.08.2022 Dr Cr
RM RM RM
TB
Director's fee 37,000.00 RJE 2 2,800.00
37,000.00
Ø
Breakdown:
Chan Chun Fei (RM2,000 x 4 months for Mar to Jul 2022)
Chew Weng Kei (RM2,000 x 4 months for Mar to Jul 2022)
Chan Chun Yean (RM2,000 x 4 months for Mar to Jul 2022)
Ong Sit Kit A/L Azhar (RM2,000 x 1 month for Jun 2022) + (RM2,500 x 2 month for Jul & Aug 2022)
Being reclasified from wages - R3-23
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
Conclusion:
Based on our audit work steps performed, we conclude that the risk of material misstate
R3-21
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
39,800.00 - 40 #DIV/0!
39,800.00 - 40 #DIV/0!
Ø Ø
Y Lead
10,000.00
10,000.00
10,000.00
Jul & Aug 2022) 7,000.00
37,000.00 V GL/Ø
RJE 2 2,800.00
39,800.00
2,800.00
he risk of material misstatement is reduced to an acceptably low level.

Period : 31.08.2022
Subject: Director's SOCSO

w/p ref. 31.08.2022 Dr Cr 31.08.2022
RM RM RM
TB
Director's SOCSO 102.45
102.45
Ø
Breakdown:
Chan Chun Fei (RM34.15 x 1 month) For Jul 2022 only
Chew Weng Kei (RM34.15 x 1 month) For Jul 2022 only
Chan Chun Yean (RM34.15 x 1 month) For Jul 2022 only
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
* Tax not allowed
level.
R3-22
Reviewed by : WLL
Adjusted bal
31.08.2022 31.08.2021 Variance
RM RM RM'000 %
LY
102.45 - 0 #DIV/0!
102.45 - 0 #DIV/0!
Ø Ø
Y Lead
34.15
34.15
34.15
102.45 V
GL/Ø
-
the risk of material misstatement is reduced to an acceptably low

R3-23
Subject: Wages

TB LY
Wages 3,607.70 RJE 2 2,800.00 807.70 - 81% #DIV/0!
3,607.70 807.70 - 81% #DIV/0!

Ø Ø Ø
Breakdown:
Jayabalan A/L Ramachandran - Apr 2022 807.70

Khoor Yoke Foh - Apr 2022 2,800.00
3,607.70 GL/Ø
Being reclassified to director fee - R3-21 RJE 2 (2,800.00)
807.70
2,800.00
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion:
R3-24
Subject: Staff's uniform

TB LY
Staff's uniform 1,250.00 1,250.00 - 125% #DIV/0!
1,250.00 1,250.00 - 125% #DIV/0!

Ø Ø Ø
Breakdown:
Dekke Apparel - uniforms 1,250.00 R3-24a
1,250.00
GL/Ø
-
Workdone:

GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusio
Period : 31.08.2022
Subject: Other income

ref accounts DR
RM RM
Interest income R4-1 1.03 TB

Other income - Subcontractor fee R4-2 24,867.94
24,868.97
Ø

Increase of subsidy income during the year.
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of mat
level.
R4
Reviewed by : WLL 4.12.2019
djustments
CR #REF! #REF! Variance
RM RM RM RM'000 %
LY
1.03 - 0 #DIV/0!
24,867.94 - 25 #DIV/0!
24,868.97 - 25 #DIV/0!
Ø Ø
Y1-1
ed, we conclude that the risk of material misstatement is reduced to an acceptably low
#REF!
#REF!
Subject: Interest income

ref accounts DR CR 30.06.2018
RM RM RM RM
TB
Interest income R4 1.03 1.03
1.03 1.03
Ø Ø
Breakdown:
Interest received from Public Bank

Nov -
Dec -
Jan -
Feb -
Mar -
Apr -
May -
Jun 0.70
Jul 0.33
Aug -
1.03
Work Done:
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstateme
low level.
R4-1
Reviewed by : WLL
30.06.2017 Variance
RM RM'000 %
LY
- 0 #DIV/0!
- 0 #DIV/0!
Ø
risk of material misstatement is reduced to an acceptably

#REF!
#REF!
Subject: Other income - Subcontractor fee

ref accounts DR CR
RM RM RM
TB
Other income - Subcontractor fee R4 24,867.94
24,867.94
Ø
Breakdown:

Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug

Increase of subcontractor income mainly due to the additional income during the year.
Work Done:
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of ma
low level.
R4-2
Reviewed by : WLL
#REF! #REF! Variance

RM RM RM'000 %
LY
24,867.94 - 25 #DIV/0!
24,867.94 - 25 #DIV/0!
Ø Ø
-
-
-
-
3,774.88
8,879.52
2,022.08
1,507.14
2,772.80
2,743.68
3,167.84
24,867.94 V
GL
-
onclude that the risk of material misstatement is reduced to an acceptably

S
Subject: Provision of income tax - Lead Schedule

ref accounts DR CR 31-Mar-21 31-Mar-18 Variance
GL LY
Tax prepayment - - - - - - #DIV/0!

Payment - YA2018 - - - - #DIV/0!
Over provision of income tax - YA2018 - - - - #DIV/0!
Provision during the year - Err:509 Err:509 Err:509 - Err:509 Err:509
Payment - CP204 YA2021 - - - - #DIV/0!
Penalty error record - - - - #DIV/0!
- Err:509 - Err:509 Err:509

Ø Ø Ø

Increase mainly due to increase of provision of income tax during the year.
GL Agreed to GL
Ø Casting done
LY Agreed to LY
Conclusion: Based on our audit work steps performed, we conclude that the risk of material misstatement is reduced to an acceptably low level.
Schedule 1 (Page 140 of 2)
###
###
###
###
###
###
INCOME TAX COMPUTATION
RM RM Reference
1. BUSINESS INCOME
Profit / (Loss) for the year as per audited accounts 95,971 P&L
Add : Non-allowable expenses

Auditor's remuneration 2,500 P&L
Depreciation of plant and equipment 338 P&L
Incorporation fee 2,500 P&L
Penalty 10 P&L
Tax computation fee 1,000 P&L
6,348
Less : Special deduction
Auditor's remuneration (2,500)
Formation fee (2,500) 1,348
97,319
Add : Balancing charge - -

Less : Balancing allowance
Less : Capital Allowances
Unabsorbed capital allowances b/f -
Initial allowance 1,098
Annual allowance 1,632
2,730 (2,730)
Unabsorbed capital allowance c/f -
STATUTORY INCOME FROM BIZ 94,589
Unabsorbed business loss b/f -

Current year business loss - -
Utilised current business loss - -
Unabsorbed business loss c/f -
AGGREGATE INCOME 94,589
Less : Approved donation -
CHARGEABLE INCOME 94,589
TAX PAYABLE
Income tax at 17% 16,080.13

Rebate Schedule 6D (16,080.13)
Tax due -
###
### Schedule 2 (141 of 145)
###
###
###
###
NOTES TO TAX COMPUTATION
1. Members'/Directors' Shareholdings As At 31.08.2022
Income Tax No. of share Percentage of

Reference No./ held @ shareholding
Name and address NRIC No. RM 1.00 each %
CHAN CHUN YEAN 000201-10-0965 150 15.00%

No 22 Jalan Desa 2/7
Bandar Country Homes
48000 Rawang
Selangor Darul Ehsan
CHAN CHUN FEI 010610-10-0789 100 10.00%

No 22 Jalan Desa 2/7
Bandar Country Homes
48000 Rawang
CHEW WENG KEI 000523-10-1901 100 10.00%

No 31 Jalan RP 10/8
Taman Rawang Perdana 2
48000 Rawang
KHOOR YOKE FOH 671111-10-5655 150 15.00%

No 49 Kampung Baru Serendah
48200 Serendah
LEE YING SEONG 810311-14-5405 - 0.00%

No 39 Block J24
Lorong 17/16D Jinjang Utara
52000 Kuala Lumpur
LOH LOON LEE 760909-04-5131 - 0.00%

No 22A Jalan SL 4/8
Bandar Sungai Long
43000 Kajang
GOLD EAGLE FORKLIFT 1367104-M 500 50.00%

ENTERPRISE (M) SDN BHD
Lot 2-1-41 First Floor Wisma Rampai
Jalan 34/26
Rampai Town Centre
53000 Kuala Lumpur
1,000 100%
2. Admin fee - RM13,000

RM
###
### Schedule 2 (142 of 145)
###
###
###
###
NOTES TO TAX COMPUTATION
Gold Eagle Forklift Enterprise (M) Sdn Bhd 13,000

- Secondment of staff admin fee
13,000
3. Directors' remuneration - RM37,614

Salary SOCSO / EIS Total
RM RM RM
Chan Chun Yean 10,000 38 10,038

Chan Chun Fei 10,000 38 10,038
Chew Weng Kei 10,000 38 10,038
7,500 - 7,500
37,500 114 37,614
4. Rental of factory - RM15,750

RM
Premise rented :
A-12 Taman Nan Yang
Jinjang Utara
52000 Kuala Lumpur
Rental : RM2,250 @ 7 mths (Feb to Aug 2022) 15,750
15,750
5. Hiring of motor vehicle - RM11,998

RM
Hiring of Mitsubishi Triton , VEW 5520 11,998
11,998
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
ANALYSIS OF ADDITIONS TO FIXED ASSETS
Non-
Qualifying
Particulars Cost 10% 14% 20% SVA exp
RM RM RM RM RM RM
COMPUTER AND SOFTWARE
Intel I5 computer 4,600 - - 4,600 - -

Epson matrix printer 890 - - - 890 -
5,490 - - 4,600 890 -

#REF!
#REF!
#REF!
#REF!
#REF!
COMPUTATION OF CAPITAL ALLOWANCE
QUALIFYING EXPENDITURE AT COST A.A RESIDUAL EXPENDITURE (RE) ALLOWANCES RE
Year of
Particulars Purchase B/F Additions Disposals C/F B/F Additions Disposals Total Initial Annual C/F
RM RM RM RM RM RM RM RM RM RM RM
COMPUTER AND SOFTWARE
Intel I5 computer 2022 - 4,600 - 4,600 20% - 4,600 - 4,600 920 920 2,760
Epson matrix printer 2022 - 890 - 890 80% - 890 - 890 178 712 -
- 5,490 - 5,490 - 5,490 - 5,490 1,098 1,632 2,760
Grand Total - 5,490 - 5,490 - 5,490 - 5,490 1,098 1,632 2,760

<--------- Schedule 1 ---------->
S2
Subject: Payment of income tax
YA No Installment RM
27.04.2018 2018 12/12 1,205.00
25.05.2018 2019 1/12 1,025.00

28.06.2018 2019 2/12 1,025.00
30.07.2018 2019 3/12 1,025.00
28.08.2018 2019 4/12 1,025.00
28.09.2018 2019 5/12 1,025.00
29.10.2018 2019 6/12 1,025.00
07.12.2018 2019 7/12 2,905.00
07.01.2019 2019 8/12 2,905.00
13.02.2019 2019 9/12 2,905.00
26.02.2019 2019 10/12 2,905.00
30.03.2019 2019 11/12 2,905.00
27.11.2018 2018 Income tax 16,911.40
30.03.2019 2015 Underprovision of income tax 1,614.20

30.03.2019 Penalty 161.42
30.03.2019 2016 Underprovision of income tax 489.22
30.03.2019 Penalty 48.93
30.03.2019 Penalty 549.21
30.03.2019 Penalty 293.52
50,375.12
03.04.2019 2019 12/12 2,905.00

Goldeagle Forklift Sdn Bhd - AWP - 31.08.2022

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GOLDEAGLE FORKLIFT SDN. BHD.

BALANCE SHEET AS AT Prepared by: Reviewed by: Schedule

- Issued capital C 1,000.00 1,000.00

- Unappropriated loss/profit A3-2 99,809.36 6,581.92 2,800.00 96,027.44

Non Current Liabilities

- Fixed Assets F 5,490.00 AJE 2 281.92 5,208.08

- Other payables and accrued expenses M4 30,116.12 AJE 1 3,500.00 33,616.12

- Amount owing to directors M6 - -

- Net Current Assets 95,319.36 91,819.36

- NET ASSETS 100,809.36 6,581.92 6,581.92 97,027.44

- Revenue R1 380,388.00 380,388.00

- Cost of sales (204,258.40) (204,258.40)

- Gross profit 176,129.60 176,129.60

- Other Income 24,868.97 24,868.97

- Director remuneration R3-1 (37,614.15) RJE 2 2,800.00 (40,414.15)

- Profit before taxation 99,809.36 96,027.44

Income tax expense

- Retained profit/Accummulated losses b/f TB - -

- Accummulated losses/Retained profit c/f 99,809.36 6,581.92 2,800.00 96,027.44

AJE 1 P/L - Auditor's remuneration 2,500.00

AJE 2 P/L - Depreciation of fixed asset 281.92

COMPUTER & SOFTWARE 281.92

We hereby approved the above adjustment journal entries

Lee Ying Seong Loh Loon Lee

RJE 1 P/L - Secretarial fee and related expenses 440.00

RJE 2 P/L - Director fee 2,800.00

We hereby approved the above adjustment journal entries

Lee Ying Seong Loh Loon Lee

Date of incorporation 12.11.2021 {a}{e}

Authorised Share Capital of RM1 Each

Issued and Fully Paid

Register of Directors and Date of Date of Balance @ Balance @

Chan Chun Yean 12.11.2021 First Director 10.08.2022 150.00 - 150 -

Khoor Yoke Foh 12.11.2021 First Director 01.07.2022 150.00 - 150 -

Lee Ying Seong 12.11.2021 First Director - 210.00 - 210.00

Loh Loon Lee 12.11.2021 First Director - 190.00 - 190.00

Ong Sit Kit A/L Azhar 14.07.2022 - 100.00 - 100.00

1,000.00 560 560 1,000.00

Principal Place of Business

Balance as at <-----------Adjustment---------> Adjusted @

Transferred to P/L a/c - Err:509 Err:509 Err:509 -

Balance as end of year - Err:509 - Err:509

<----------------------- YA 2022 ---------------------> <--------------- YA 2021 --------------->

Cost E3 5,490 5,490 S4 - 0

NBV / TWDV (5,208) (2,760) - -

Acc dep / CA claimed 282 2,730 (2,448) (416) - - - - (416)

Unabsorbed Business Loss c/f - - - - - - - - -

Unabsorbed Capital Allowance c/f - - - - - - - - -

Balance b/f - As per Sch E3 (416)

Computer and software - - - 5,490 - 5,490 - - - 5,490 - 5,490

- - - 282 - 282 - - - 282 - 282

NBV - - - 5,208 - 5,208

BASIC PERIOD : 12.11.2021 - 31.08.2022 17% TAX EFFECT OF

Pre-tax accounting income (profit) S-2 95,971 95,971

Depreciation of fixed assets (tax-qualifying) E2 282 48

Depreciation of non qualifying capital expenditure E2 -

Income subject to tax 94,533 96,981

Income tax @ 17% thereon 16,071 16,487

Current statutory tax expense

Total tax expense ( on deferred tax basis) 16,487 17%

Balance as at <-------------- Adjustment --------------> Adjusted bal

Fixed assets F1 5,490.00 AJE 2 281.92 5,208.08 - 5

5,490.00 - 281.92 5,208.08 -

The decrease in plant and equipment was mainly due:-