Following is the Balance Sheet of Mevanca Limited as at 31st March, 2017:
| Particulars | 31st March, 2017 (₹) |
31st March, 2016 (₹) |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus |
3,00,000 25,000 |
1,00,000 1,20,000 |
| Non-Current Liabilities Long-term Borrowings |
80,000 | 60,000 |
| 2. Current Liabilities (a) Trade Payables (b) Short-term Provisions |
6,000 68,000 |
20,000 70,000 |
| Total | 4,79,000 | 3,70,000 |
| II. Assets | ||
| 1. Non-Current Assets Property, Plant and Equipment and Intangible Assets: Property, Plant and Equipment |
3,36,000 | 1,92,000 |
| 2. Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents (d) Other Current Assets |
67,000 51,000 25,000 |
60,000 65,000 49,000 4,000 |
| Total | 4,79,000 | 3,70,000 |
| Particulars | 31st March, 2017 (₹) |
31st March, 2016 (₹) |
| Reserves and Surplus Surplus, i.e., Balance in Statement of Profit & Loss |
25,000 | 1,20,000 |
| 25,000 | 1,20,000 | |
| Long-term Borrowings 10% Long-term Loan |
80,000 | 60,000 |
| 80,000 | 60,000 | |
| Short-term Provisions Provision for Tax |
68,000 | 70,000 |
| 68,000 | 70,000 | |
| Property, Plant and Equipment Machinery Accumulated Depreciation |
3,84,000 (48,000) |
2,15,000 (23,000) |
| 3,36,000 | 1,92,000 |
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