From the following particulars as furnished by Lava Ltd, calculate its Net Cash Flow from the Financing Activities for the year that ended on 31 March 2008:
|
31 March 2007 Rs. |
31 March 2008 Rs. |
|
|
Equity Share Capital |
3,00,000 |
5,00,000 |
|
Preference Share Capital |
2,00,000 |
2,00,000 |
|
Debentures |
2,00,000 |
1,50,000 |
|
Long-term Loan |
80,000 |
1,50,000 |
|
Proposed Dividend (Equity) |
36,000 |
50,000 |
|
Outstanding Interest on Debentures |
6,000 |
5,000 |
During the year 2007–08, the following events took place:
|
New Issue of Preference Shares at 10% discount |
1,00,000 |
|
New Issue of Debentures at 20% Discount |
1,00,000 |
|
Repayment of long-term Loan |
50,000 |
|
Payment of Preference Dividend |
20,000 |
|
Payment of Interest on long-term Loan |
10,000 |
|
Interim Equity Dividend paid during the year in addition to proposed Dividend |
15,000 |
|
proposed Dividend |
|
|
Interest on Debentures for the year |
24,000 |
|
New Equity Shares were issued at 10% Premium |