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Explain how this sale transaction would be dealt

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QUESTION - Builder Bhd specialises in building high quality executive flats in city centres. On 1 March 2018 it sells a plot of building land to Bulat Bhd, an unconnected company, for RM1.5 million. Builder Bhd retains rights of access and supervision over the plot, the right to build on this land until 28 February 2021 and the right to buy the plot back again on that date for RM1.9 million. On 1 March 2018 the plot is valued at RM2.5 million.

Requirement - Explain how this sale transaction would be dealt with in Builder Bhd's financial statements for the year ended 28 February 2019.

Reference no: EM132635167

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