The following are the balance sheets of Subhikishu Ltd. as on 31 March 2010 and 31 March 2011, respectively.

Liabilities

31 March

31 March

Assets

31 March

31 March

 

2011

2010

 

2011

2010

 

Rs.

Rs.

 

Rs.

Rs.

Equity Share Capital

13,50,000

12,50,00

Land

3,75,000

3,75,000

Securities Premium

3,85,000

3,75,000

Buildings

20,62,500

17,87,500

P & L A/c

27,52,500

25,22,500

Plants

1375,000

11,25,00

15% Debentures

2,50,000

5,00,000

Investments

13,75,000

11,25,000

Expenses Due

52,500

65,000

Patents

35,000

25,000

Tax Payable

3,75,000

2,57,500

Debtors

10,00,000

10,62,500

Bills Payable

1,25,000

1,75,000

Bills Receivable

25,000

20,000

Creditors

5,50,000

4,50,000

Stock

11,55,000

11,35,000

Accumulated Depreciation

 

 

Cash

3,37,500

2,50,000

Plants

2,25,000

1,87,500

Preliminary Expense

12,500

15,00

Buildings

6,25,000

5,75,000

 

 

 

Provision for Doubtful Debts

50,000

62,500

 

 

 

 

67,40,000

64,20,000

 

67,40,000

64,20,000

Additional Information:

  1. Debentures were redeemed at a premium of 10% on 1 October 2010.
  2. Investments were sold at a profit of 50% on cost.
  3. During the year a machine costing Rs.2,50,000 (accumulated depreciation of 1,00,000) was sold at a profit of 20% on book value.
  4. During the year building costing Rs.5,25,000 was purchased by issue of 10,000 equity shares of Rs.10 each at a premium of Rs.1 per share and balance by cash.
  5. A building costing Rs.2,50,000 (with accumulated depreciation of Rs.1,75,000) was sold for Rs.85,000. Prepare cash flow statement as per AS-3 (Revised). Show all working clearly.