| Particulars | Note No. | Amount (Rs.) | Amount (Rs.) |
| I. EQUITY AND LIABILITIES | |||
| 1. Shareholders’ Funds | |||
| (a) Share Capital | 5,00,000 | 4,00,000 | |
| (b) Reserves and Surplus | 1 | 2,00,000 | (50,000) |
| 2. Non-Current Liabilities | |||
| Long-term Borrowings | 2 | 4,50,000 | 5,00,000 |
| 3. Current Liabilities | |||
| (a) Short-term Borrowings | 3 | 1,50,000 | 50,000 |
| (b) Short-term Provisions | 4 | 70,000 | 90,000 |
| Total | 13,70,000 | 9,90,000 | |
| II. ASSETS | |||
| 1. Non-Current Assets | |||
| (a) Fixed Assets: | |||
| (i) Tangible Assets | 5 | 10,03,000 | 7,20,000 |
| (ii) Intangible Assets | 6 | 20,000 | 30,000 |
| (b) Non-Current Investments | 1,00,000 | 75,000 | |
| 2. Current Assets | |||
| (a) Current Investments | 50,000 | 60,000 | |
| (b) Inventories | 7 | 1,07,000 | 45,000 |
| (c) Cash and Cash Equivalents | 90,000 | 60,000 | |
| Total | 13,70,000 | 9,90,000 |
Notes to Accounts
| Particular | 31st March 2015 Amount (Rs.) | 31st March 2014 Amount (Rs.) | |
| 1. | Reserves and Surplus | ||
| Surplus, i.e., Balance in Statement of Profit and Loss | 2,00,000 | (50,000) | |
| 2,00,000 | (50,000) | ||
| 2. | Long-term Borrowings | ||
| 12% Debentures | 4,50,000 | 5,00,000 | |
| 4,50,000 | 5,00,000 | ||
| 3. | Short-term Borrowings | ||
| Bank Overdraft | 1,50,000 | 50,000 | |
| 1,50,000 | 50,000 | ||
| 4. | Short-term Provisions | ||
| Provision for Tax | 70,000 | 90,000 | |
| 70,000 | 90,000 | ||
| 5. | Tangible Assets | ||
| Machinery | 12,03,000 | 8,21,000 | |
| Less: Accumulated Depreciation | (2,00,000) | (1,01,000) | |
| 10,03,000 | 7,20,000 | ||
| 6. | Intangible Assets | ||
| Goodwill | 20,000 | 30,000 | |
| 20,000 | 30,000 | ||
| 7. | Inventories | ||
| Stock-in-Trade | 1,07,000 | 45,000 | |
| 1,07,000 | 45,000 |
Additional Information:
(1.) 12% Debentures were redeemed on 31st March, 2015. (2.) Tax Rs. 70,000 was paid during the year.
Prepare Cash Flow Statement.
SOLUTION
