From the following Balance Sheets and income statement of Tiku Ltd, prepare a Cash Flow Statement for the year that ended on 31 March 2009:
Balance Sheets as on____________
|
Liabilities |
Rs. in “000 |
Assets |
Rs. in “000 |
||
|
As on 31 March 2008 |
As on 31 |
As on 31 March 2008 |
As on 31 |
||
|
Paid-up Capital |
50 |
50 |
Fixed Assets (After |
900 |
950 |
|
Accumulated Depreciation of 100 & 175 respectively) |
|||||
|
Retained Earnings |
350 |
415 |
|||
|
Long-term Debt |
500 |
550 |
|||
|
Notes Payable |
80 |
100 |
|||
|
Accounts Payable |
80 |
90 |
Inventory |
100 |
110 |
|
Accounts Receivable |
50 |
60 |
|||
|
Cash |
10 |
85 |
|||
|
1,060 |
1,205 |
1,060 |
1,205 |
||
Income statement for the year that ended on 31 March 2009
|
(Rs. in ’000) |
||
|
Sales |
1,200 |
|
|
Less: |
Cost of Goods Sold |
800 |
|
Gross Profit |
400 |
|
|
Less: |
Selling, General & Administrative Expenses |
150 |
|
Earnings before interest & tax (EBIT) |
250 |
|
|
Less: |
Interest Expenses |
50 |
|
Earnings Before Tax (EBT) |
200 |
|
|
Less: |
Tax @ 50% |
100 |
|
Net Income |
100 |
Additional Information:
|
Rs. in ’000 |
|
|
Dividend Paid |
35 |
|
Addition to retained earnings |
65 |
|
Depreciation |
75 |