The following are the Balance Sheets of a company as on 31 March 2008 and 31 March 2009:
|
Liabilities |
Rs. in “000 |
Assets |
Rs. in “000 |
||
|
As on 31 |
As on 31 |
As on 31 March 2008 |
As on 31 |
||
|
Equity Share Capital |
300 |
3500 |
Goodwill |
100 |
89 |
|
8% Preference Share Capital |
150 |
100 |
Land & Building (At Cost) |
200 |
170 |
|
General Reserve |
40 |
75 |
Plant & Machinery (Net) |
80 |
200 |
|
Capital Reserve |
– |
20 |
Investment |
20 |
35 |
|
Securities Premium |
20 |
25 |
Stock |
77 |
100 |
|
Profit & Loss A/c |
30 |
73 |
Sundry Debtors |
140 |
170 |
|
Sundry Creditors |
55 |
83 |
Bills Receivable |
20 |
30 |
|
Bills Payable |
20 |
16 |
Cash & Bank |
25 |
18 |
|
Provision for Tax |
40 |
50 |
Preliminary Expenses |
35 |
30 |
|
Proposed Dividend |
42 |
50 |
|||
|
697 |
842 |
697 |
842 |
||
Additional Information:
- One piece of land was sold at a profit and the profit was transferred to Capital Reserve.
- One machine was sold for Rs. 15,000, WDV of which on the date of sale was Rs. 18,000.
- The depreciation charged on plant and machinery amounted to Rs. 16,000.
- A dividend of Rs. 4,000 was received from investment, of which Rs. 2,000 was credited to investment account, being a dividend declared from pre-acquisition profit.
- The actual amount of dividend and tax paid were Rs. 35,000 and Rs. 38,000 respectively.
Prepare a Cash Flow Statement for the year that ended on 31 March 2009 as per AS-3.