Following is the summarised Balance Sheet of Philips India Ltd. as at 31st March, 2023:

Particulars 31st March,
2023 (₹)		 31st March,
2022 (₹)
I. EQUITY AND LIABILITIES
1. Shareholder’s Funds
(a) Share Capital
(b) Reserves and Surplus		 13,50,000
11,34,000		 13,50,000
10,68,000
Non-Current Liabilities
Long-term Borrowings: 10% Mortgage Loan		 8,10,00 –
Current Liabilities
(a) Trade Payables (Creditors)
(b) Short-term Provisions:
Provision for Tax		 4,02,000
30,000		 5,04,000
2,25,000
Total 37,26,000 31,47,000
II. Assets
1. Non-Current Assets
(a) Property, Plant and Equipment and Intangible Assets:
Property, Plant and Equipment
(b) Non-Current Investments		 9,60,000
1,80,000		 12,00,000
1,50,000
Current Assets
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash and Cash Equivalents
Bank		 21,000
6,30,000
13,65,000
5,70,000		 17,000
7,20,000
6,30,000
4,30,000
Total 37,26,000 31,47,000
Particulars 31st March,
2023 (₹)		 31st March,
2022 (₹)
Reserves and Surplus
General Reserve
Surplus, i.e., Balance in Statement of Profit & Loss		 9,30,000
2,04,000		 9,00,000
1,68,000
11,34,000 10,68,000

Additional Information:

  • Investments costing ₹ 24,000 were sold during the year for ₹ 25,500.
  • Provision for Tax made during the year was ₹ 27,000.
  • During the year, a part of the Fixed Assets Costing ₹ 30,000 was sold for ₹ 36,000. The profits were included in the statement of Profit & Loss.
  • The Interim Dividend paid during the year amounted to ₹ 1,20,000.

You are required to Prepare Cash Flow Statement.

Solution :