The following balance sheets have been prepared from the books of Taj Limited as appearing on 31.3.2010 and 31.3.2011.
|
31.3.2010 |
31.3.2011 |
|
|
Rs |
Rs |
|
|
Liabilities |
|
|
|
Equity capital |
4,00,000 |
6,00,000 |
|
Share premium |
1,00,000 |
1,10,000 |
|
General reserve |
2,00,000 |
2,20,000 |
|
Debenture redemption reserve |
1,00,000 |
1,10,000 |
|
Debentures |
3,00,000 |
2,90,000 |
|
Taxation provision |
40,000 |
35,000 |
|
Secured loan (short term) |
2,00,000 |
1,00,000 |
|
Current liabilities |
24,000 |
30,000 |
|
|
13,64,000 |
14,95,000 |
|
Assets |
|
|
|
Buildings |
5,70,000 |
5,00,000 |
|
Plant and machinery |
3,60,000 |
3,51,000 |
|
Furniture |
90,000 |
81,000 |
|
Cash in hand |
5,000 |
8,000 |
|
Stock |
1,55,000 |
1,25,000 |
|
Debtors |
1,80,000 |
1,80,000 |
|
Investments (short term) |
|
2,10,000 |
|
Bills receivable |
4,000 |
40,000 |
|
13,64,000 |
14,95,000 |
(i) During 2010 11, the company paid 12% dividend on its equity share capital of Rs.4,00,000.
(ii) The shares are of Rs.10 each fully paid.
(iii) Taxation provision of 2009 10 was utilised to the extent of Rs.30,000 for income tax paid in 2010 11.
(iv) Depreciation was charged on building at 5%; on plant and machinery at 10% and on furniture at 10% for a full one year.
(v) A building worth Rs.70,000 was sold on 1.4.2010 at Rs.60,000 and a new building was constructed at a value of 25,000 on 31.3.2011.
(vi) A machine was purchased at a cost of Rs.40,000 on 1.4.2010 while a machine having a book value of Rs.10,000 was sold on 1.10.2010 at Rs.20,000.
Prepare a cash flow statement for the year ended 31.3.2011.