From the following details relating to the accounts of Grow More Ltd, prepare a Cash Flow Statement:

31 March 2002 Rs.

31 March 2001 Rs.

Liabilities:

Share Capital

10,00,000

8,00,000

Reserve

2,00,000

1,50,000

Profit & Loss A/c

1,00,000

60,000

Debentures

2,00,000

Provision for Taxation

1,00,000

70,000

Proposed Dividend

2,00,000

1,00,000

Sundry Creditors

7,00,000

8,20,000

25,00,000

20,00,000

Assets:

Plant & Machinery

7,00,000

5,00,000

Land & Building

6,00,000

4,00,000

Investments

1,00,000

Sundry Debtors

5,00,000

7,00,000

Stock

4,00,000

2,00,000

Cash in Hand/at Bank

2,00,000

2,00,000

25,00,000

20,00,000

  1. Depreciation @ 25% was charged on the opening value of Plant and Machinery.
  2. During the year, an old machine costing 50,000 (WDV – 20,000) was sold for Rs. 35,000.
  3. Rs. 50,000 was paid towards income tax during the year.

The building under construction was not subject to any depreciation.