From the following Balance Sheets and income statement of Tiku Ltd, prepare a Cash Flow Statement for the year that ended on 31 March 2009:

Balance Sheets as on____________

Liabilities

Rs. in “000

Assets

Rs. in “000

As on 31 March 2008

As on 31
March
2009

As on 31 March 2008

As on 31
March
2009

Paid-up Capital

50

50

Fixed Assets (After

900

950

Accumulated Depreciation of 100 & 175 respectively)

Retained Earnings

350

415

Long-term Debt

500

550

Notes Payable

80

100

Accounts Payable

80

90

Inventory

100

110

Accounts Receivable

50

60

Cash

10

85

1,060

1,205

1,060

1,205

Income statement for the year that ended on 31 March 2009

(Rs. in ’000)

Sales

1,200

Less:

Cost of Goods Sold

800

Gross Profit

400

Less:

Selling, General & Administrative Expenses

150

Earnings before interest & tax (EBIT)

250

Less:

Interest Expenses

50

Earnings Before Tax (EBT)

200

Less:

Tax @ 50%

100

Net Income

100

Additional Information:

Rs. in ’000

Dividend Paid

35

Addition to retained earnings

65

Depreciation

75