Solar Power Ltd.
BALANCE SHEET
| Particulars | Note No. | 31st March, 2014 Amount (Rs.) | 31st March, 2013 Amount (Rs.) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 24,00,000 | 22,00,000 | |
| (b) Reserves and Surplus | 1 | 6,00,000 | 4,00,000 |
| 2. Non-Current Liabilities | |||
| Long-term Borrowings | 4,80,000 | 3,40,000 | |
| 3. Current Liabilities | |||
| (a) Trade Payables | 3,58,000 | 4,08,000 | |
| (b) Short-term Provisions | 1,00,000 | 1,54,000 | |
| Total | 39,38,000 | 35,02,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| Fixed Assets: | |||
| (i) Tangible Assets | 2 | 21,40,000 | 17,00,000 |
| (ii) Intangible Assets | 3 | 80,000 | 2,24,000 |
| 2. Current Assets | |||
| (a) Current Investments | 4,80,000 | 3,00,000 | |
| (b) Inventories | 2,58,000 | 2,42,000 | |
| (c) Trade Receivables | 3,40,000 | 2,86,000 | |
| (d) Cash and Cash Equivalents | 6,40,000 | 7,50,000 | |
| Total | 39,38,000 | 35,02,000 |
Notes to Accounts
| Particulars | 31st March, 2014 Amount (Rs.) | 31st March, 2013 Amount (Rs.) |
| 1. Revenue and Surplus Surplus, i.e., Balance in Statement of Profit and Loss | 6,00,000 | 4,00,000 |
| 2. Tangible Assets | ||
| Machinery | 25,40,000 | 20,00,000 |
| Less: Accumulated Depreciation | (4,00,000) | (3,00,000) |
| 21,40,000 | 17,00,000 | |
| 3. Intangible Assets | ||
| Goodwill | 80,000 | 2,24,000 |
Additional Information:
(1.) During the year, a piece of machinery costing Rs.48,000 on which accumulated depreciation was Rs. 32,000. was sold for Rs. 12,000. Prepare Cash Flow Statement.
SOLUTION
