From the following Balance Sheet of Computer India Ltd., prepare cash flow statement.

 

(Rs in '000)

Particulars Note No. 31st March
2015
(Rs)
31st March
2014
(Rs)
I) Equity and Liabilities      
1. Shareholders’ Funds
     
a) Share capital
  50,000 40,000
b) Reserves and surplus-Surplus
1 3,700 3,000
2. Non-Current Liabilities
     
10% Debentures
  6,500 6,000
3. Current Liabilities
     
a) Short-term borrowings
2 6,800 12,500
b) Trade payables
  11,000 12,000
c) Short-term provisions
3 10,000 8,000
Total   88,000 81,500
II) Assets      
1. Non-current assets
     
a) Fixed assets
4 25,000 30,000
2. Current assets
     
a) Inventories
  35,000 30,000
b) Trade receivables
  24,000 20,000
c) Cash and cash equivalents-cash
  3,500 1,200
d) Other current assets-prepaid exp.
  500 300
Total    88,000 81,500

 

 

   

Notes to Accounts

  Particulars 31st March
2015 (Rs)
31st March
2014 (Rs)
1. Reserve and surplus    
     (i) Balance in statement of profit and loss 1,200 1,000
     (ii) General reserve 2,500 2,000
    3,700 3,000
       
2. Short-term borrowings    
 
Bank Overdraft
6,800 12,500
       
3. Short-term provisions    
 
(i) Provision for taxation
4,200 3,000
 
(ii) Proposed dividend
5,800 5,000
    10,000 8,000
       
4. Fixed Assets:    
    Fixed Assets 40,000 41,000
  Less : Accumulated Depreciation (15,000) (11,000)
    25,000 30,000
       
Additional Information:

Interest paid on Debenture Rs. 600

Cash Flow Statement of Computer India Ltd. 

 

 

(00,000)

 

Particulars

Amount

Rs

Amount

Rs

A.

Cash Flow from Operating Activities

 

 

 

Profit as per Balance Sheet (1,200 – 1,000)

200

 

 

Proposed Dividend

5,800

 

 

General Reserve

500

 

 

Provision for Taxation

4,200

 

 

Net Profit before Tax and Extraordinary items

 

10,700

 

Items to be added

 

 

 

 

Provision for Depreciation

4,000

 

 

 

Interest paid on Debentures

600

4,600

 

Operating Profit before Working Capital changes

 

15,300

 

Adjustments

 

 

 

 

Less:

Increase in Current Assets

 

 

 

 

 

Trade Receivables

(4,000)

 

 

 

 

Inventories

(5,000)

 

 

 

 

Prepaid Expenses

(200)

(9,200)

 

 

 

6,100

 

 

Less:

Decrease in Current Liabilities

 

 

 

 

 

Trade Creditors

(1,000)

(1,000)

 

Cash generated from Operating Activities

 

5,100

 

 

Less:

Income Tax Paid

 

(3,000)

 

Net Cash from Operation

 

2,100

 

 

 

 

 

 

B.

Cash Flow from Investing Activities

 

 

 

 

Sale of Fixed Assets

 

1,000

 

Net Cash from Investing Activities

 

1,000

 

 

 

 

 

 

C.

Cash Flow from Financing Activities

 

 

 

 

Issue of Equity Shares

 

10,000

 

 

Issue of 10% Debentures

 

500

 

 

Less:

Dividend paid

 

(5,000)

 

 

Less:

Interest paid

 

(600)

 

Net Cash from Financing Activities

 

4,900

 

 

 

 

 

 

D.

Net Increase in Cash and Cash Equivalent (A+B+C)

 

8,000

 

 

Add:

Cash and Cash Equivalent in the beginning

 

 

 

 

 

Cash

1,200

 

 

 

 

Bank overdraft

(12,500)

(11,300)

 

 

 

 

 

 

E.

Cash and Cash Equivalents at the end

 

 

 

 

 

Cash

3,500

 

 

 

 

Bank overdraft

(6,800)

(3,300)

 

 

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