The summarized Balance Sheets of KLM Ltd as on 31 March 2007 and 31 March 2008 are given as follows:
|
Liabilities |
As on 31 |
As on 31 |
Assets |
As on 31 |
As on 31 |
|
Share Capital |
4,00,000 |
4,40,000 |
Fixed Assets |
3.40,000 |
4,60,000 |
|
General Reserve |
40,000 |
70,000 |
Investment |
125,000 |
1,50,000 |
|
Profit & Loss A/c |
1,00,000 |
1,80,000 |
Stock |
45,000 |
70,000 |
|
Mortgage Loan |
60,000 |
50,000 |
Sundry Debtors |
65,000 |
80,000 |
|
Sundry Creditors |
30,000 |
40,000 |
Bills Receivable |
25,000 |
30,000 |
|
Provision for Tax |
10,000 |
15,000 |
Bank |
40000 |
45000 |
|
6,40,000 |
8,35,000 |
6,40,000 |
8,35,000 |
Additional Information:
- An investment costing Rs. 35,000 was sold during the year for Rs. 45,000.
- Provision for tax made during the year was Rs. 12,000.
- Dividend paid during the year amounted to Rs. 20,000.
- During the year, a part of the Fixed Assets costing Rs. 10,000 was sold for Rs. 12,000, and the depreciation provided on the Fixed Assets for the year 2007–08 was Rs. 25,000.
You are asked to prepare a Cash Flow Statement for the year that ended on 31 March 2008 as per AS-3.