Balance Sheet of Tamta Ltd (Rs. in ’000)
|
Liabilities |
As on 31 |
As on 31 |
Assets |
As on 31 |
As on 31 |
|
Share Capital |
1,500 |
900 |
Machinery |
800 |
400 |
|
Reserve |
350 |
280 |
Building |
700 |
500 |
|
Profit & Loss A/c |
170 |
90 |
Investment |
200 |
– |
|
Debentures |
100 |
, – |
Debtors |
400 |
750 |
|
Tax Provision |
70 |
50 |
Stock |
300 |
250 |
|
Proposed Dividend |
60 |
40 |
Cash &Bank |
300 |
100 |
|
Sundry Creditors |
450 |
640 |
|||
|
2,700 |
2,000 |
2,700 |
2,000 |
Additional details:
- Building is still under construction and no depreciation was charged.
- Depreciation was charged @ 20% on the opening value of the machinery.
- An old machine costing Rs. 70,000 was sold for Rs. 40,000 (WDV—Rs. 30,000).
- Income Tax paid during the year—Rs. 60,000.
Prepare a Cash Flow Statement as per AS-3 and interpret it.