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प्रश्न
Following was the Balance Sheet of M.M Ltd at on 31.3.2015.
M.M. Ltd Balance Sheet as at 31-3-2015
| Particulars | Note No. | 31-3-2015 (Rs.) | 31-3-2014 (Rs.) |
|
I. Equity and Liabilities 1. Shareholder’s Funds a. Share Capital b. Reserve and Surplus 2. Non - Current Liabilities a) Long – term borrowings 3. Current Liabilities a) Short – term borrowings b) Short – term provisions |
1
2
3 4 |
5,00,000 2,00,000
4,50,000
1,50,000 70,000 |
4,00,000 (50,000)
5,00,000
50,000 90,000 |
| Total | 13,70,000 | 9,90,000 | |
|
II. Assets 1. Non – Current Assets a) Fixed Assets Tangible assets Intangible assets b) Non – Current Investments 2. Current Assets a) Current Investments b) Inventories c) Cash and Cash Equivalents |
5 6
7
|
10,03,000 20,000 1,00,000
50,000 1,07,000 90,000 |
7,20,000 30,000 75,000
60,000 45,000 60,000 |
| Total | 13,70,000 | 9,90,000 |
| Note No | Particulars | 31-3-2015(Rs.) | 31-3-2014(Rs.) |
|
1.
|
Reserve and Surplus (Surplus i.e. Balance in Statement of Profit and Loss) |
2,00,000 |
(50,000) |
| 2,00,000 | (50,000) | ||
|
2.
|
Long term borrowings : 12 % Debentures |
4,50,000 |
5,00,000 |
| 4,50,000 | 5,00,000 | ||
|
3.
|
Short – term borrowings : Bank Overdraft |
1,50,000 |
50,000 |
| 1,50,000 | 50,000 | ||
|
4.
|
Short – term provisions Provisions for tax |
70,000 |
90,000 |
| 70,000 | 90,000 | ||
|
5.
|
Tangible Assets Machinery Accumulated Depreciation |
12,03,000 (2,00,000) |
8,21,000 (1,01,000) |
| 10,03,000 | 7,20,000 | ||
|
6.
|
Intangible Assets Goodwill |
20,000 |
30,000 |
| 20,000 | 30,000 | ||
|
7.
|
Inventories Stock in trade |
1,07,000 |
45,000 |
| 1,07,000 | 45,000 |
Additional Information
(i) 12% Debentures were redeemed on 31-3-2015
(ii) Tax Rs. 70,000 was paid during the year
Prepare Cash flow Statement.
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उत्तर
Cash Flow Statement
for the year ended 31st March 2015
| Particulars | Amount (Rs.) | Amount (Rs.) | |
|
I
|
Cash Flow from Operating Activities A. Net Profit before Tax and Extraordinary items* Adjustments for Non-Cash and Non – Operating Items B. Add : Items to be added Depreciation Intagible Assets Written off Interest on Debentures (12% of 5,00,000) Provision for Tax
C. Less : Items to be Deducted
D. Operating Profit before Working Capital Adjustments (A+B-C) E. Add : Decrease in Current Assets and Increase in Current Liabilities F: Less : Increase in Current Assets and Decrease in Current Liabilities Inventories
Cash Generated from Operations (D+E-F) Less : Income Tax Paid (Net of Refund)
Net Cash Flows from (or used in) Operating Activities |
99,000 10,000 60,000 50,000 ______________
______________
62,000 ______________
70,000 ______________
|
2,50,000
2,19,000
______________ 4,69,000
(62,000) ______________ 4,07,000 (70,000) ______________ 3,37,000 |
|
II
|
Cash Flow from Investing Activities Purchase of Fixed Assets (12,03,000 – 8,21,000) Purchase of Non – Current Investments
Net Cash Flows (or used in) Investing Activities |
(3,82,000) (25,000) ______________
|
(4,07,000) |
|
III
|
Cash Flow from Financing Activities Proceeds from Issue of Share Capital Redemption of Debentures Interest Paid on Debentures Increase in Bank Overdraft
Net Cash Flow from Financing Activities |
1,00,000 (50,000) (60,000) 1,00,000 ______________
|
90,000 |
|
IV
|
Net Increase or Decrease in Cash and Cash Equivalents (I+ II+III) Add : Cash and Cash Equivalents in the beginning of the period (includes Current Investments of 60,000) |
|
20,000 1,20,000
|
|
Cash and Cash Equivalents at the end of the period (Includes Current Investments of 50,000) |
1,40,000
|
Provision For Tax Account
Dr. Cr.
| Particulars | Amount(Rs.) | Particulars | Amount(Rs.) |
|
To Bank A/c To Balance c/d
|
70,000 70,000
|
By Balance b/d By Statement of Profit and Loss
|
90,000 50,000
|
| 1,40,000 | 1,40,000 |
