Swastik Oils Ltd has furnished the following information for the year that ended on 31 March 2003:
|
Rs. in Lakhs |
|
|
Net Profit |
37,500 |
|
Dividend (including Interim Dividend paid) |
12,000 |
|
Provision for Income Tax |
7,500 |
|
Income Tax paid during the year |
6,372 |
|
Loss on Sale of Assets (Net) |
60 |
|
Book Value of Assets Sold |
277 |
|
Depreciation charged to Profit & Loss A/c |
30,000 |
|
Profit on Sale of Investments |
150 |
|
Interest Income on Investments |
41,647.50 |
|
Value of Investments Sold |
3,759 |
|
Interest Expenses |
15,000 |
|
Interest paid during the year |
15,780 |
|
Increase in Working Capital (excluding Cash & Bank Balance) |
84,112.50 |
|
Purchase of Fixed Assets |
21,840 |
|
Investments on Joint Venture |
5,775 |
|
Expenditure on Construction WIP |
69,480 |
|
Proceeds from Long-term Borrowings |
38,970 |
|
Proceeds from Short-term Borrowings |
30,862.50 |
|
Opening Cash & Bank Balances |
11,032.50 |
|
Closing Cash & Bank Balances |
2,569 |
You are required to prepare the Cash Flow Statement for the year that ended on 31 March 2003 as per AS-3 (make assumption wherever necessary).