The following are the summarized Balance Sheets of a company as on 31 March 2007 and 31 March 2008:
|
Liabilities |
Rs. in “000 |
Assets |
Rs. in “000 |
||
|
As on 31 |
As on 31 |
As on 31 March |
As on 31 |
||
|
2007 |
2008 |
2007 |
2008 |
||
|
Share Capital |
100.00 |
125.00 |
Land & Building |
100.00 |
95.03 |
|
General Reserve |
25.00 |
30.00 |
Plant & Machinery |
75.00 |
84.50 |
|
Profit & Loss Ak |
15.25 |
15.30 |
Stock |
50.00 |
37.00 |
|
Bank Loan |
35.00 |
– |
Sundry Debtors |
40.00 |
32.10 |
|
Sundry Creditors |
75.00 |
67.60 |
Cash |
0.25 |
0.30 |
|
Provision for Tax |
15.00 |
17.50 |
Bank |
4.00 |
|
|
Goodwill |
2.50 |
||||
|
265.25 |
255.40 |
265.25 |
255.40 |
||
Additional Information:
- Dividends of Rs. 11,500 were paid.
- The following assets of another company were purchased for a consideration of Rs. 25,000 paid for in shares: Stock—Rs. 10,000 and Machinery—Rs. 12,500.
- Machinery was further purchased for a cash of Rs. 12,500.
- Depreciation written off: on building—Rs. 5,000 and on machinery—Rs. 7,000.
- Income tax paid during the year—Rs. 14,000.
- Net profit for the year was Rs. 33,050.
Prepare a Cash Flow Statement for the year that ended on 31 March 2008 as per AS-3.