From the following details relating to the accounts of Grow More Ltd, prepare a Cash Flow Statement:
|
31 March 2002 Rs. |
31 March 2001 Rs. |
|
|
Liabilities: |
||
|
Share Capital |
10,00,000 |
8,00,000 |
|
Reserve |
2,00,000 |
1,50,000 |
|
Profit & Loss A/c |
1,00,000 |
60,000 |
|
Debentures |
2,00,000 |
– |
|
Provision for Taxation |
1,00,000 |
70,000 |
|
Proposed Dividend |
2,00,000 |
1,00,000 |
|
Sundry Creditors |
7,00,000 |
8,20,000 |
|
25,00,000 |
20,00,000 |
|
|
Assets: |
||
|
Plant & Machinery |
7,00,000 |
5,00,000 |
|
Land & Building |
6,00,000 |
4,00,000 |
|
Investments |
1,00,000 |
– |
|
Sundry Debtors |
5,00,000 |
7,00,000 |
|
Stock |
4,00,000 |
2,00,000 |
|
Cash in Hand/at Bank |
2,00,000 |
2,00,000 |
|
25,00,000 |
20,00,000 |
- Depreciation @ 25% was charged on the opening value of Plant and Machinery.
- During the year, an old machine costing 50,000 (WDV – 20,000) was sold for Rs. 35,000.
- Rs. 50,000 was paid towards income tax during the year.
The building under construction was not subject to any depreciation.