Following are the summarized Balance Sheets of Rabangla Ltd as on 31 March 2007 and 31 March 2008:
(Rs. in Lakhs)
|
Liabilities |
31 March |
31 March |
Assets |
31 March |
31 March |
|
share Capital |
300.00 |
325.00 |
Freehold Property |
225.00 |
240.00 |
|
General Reserve |
200.00 |
219.00 |
Machinery |
135.00 |
165.00 |
|
Profit & Loss A/c |
25.00 |
20.00 |
Long-term Investment |
150.00 |
162.50 |
|
7% Debentures |
75.00 |
50.00 |
Short-term Investment |
112.50 |
100.00 |
|
Loan from Bank |
27.00 |
14.25 |
Stock |
52.50 |
75.00 |
|
(Pledged by freehold property) |
Debtors |
45.00 |
70.00 |
||
|
Bank |
10.50 |
4.00 |
|||
|
Provislon for Taxation |
21.00 |
37.50 |
|||
|
Proposed Dividend |
2250 |
23.25 |
|||
|
Sundry Creditors |
60.00 |
127.50 |
|||
|
730.50 |
816.50 |
730.50 |
816.50 |
The following additional information for the year 2007–08 are relevant for the purpose:
- Credit Sales – Rs. 675 lakhs.
- Credit Purchases – Rs. 520 lakhs.
- Overheads – Rs. 83.75 lakhs.
- Depreciation on Machinery – Rs. 17.50 lakhs.
- Tax Liability for 2006–07 was settled at Rs. 22.50 lakhs.
- Dividend for 2006–07 was paid in 2007–08.
Prepare a Cash Flow Statement for the year that ended on 31 March 2008.