From the following Balance Sheet of Samta Ltd., as at 31st March, 2023, prepare Cash Flow Statement:
| Particulars | 31st March, 2023 (₹) |
31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | ||
| 1. Shareholder’s Funds (a) Share Capital (b) Reserves and Surplus |
7,50,000 3,05,000 |
7,50,000 (20,000) |
| Non-Current Liabilities Long-term Borrowings (8% Debentures) |
2,60,000 | 1,50,000 |
| Current Liabilities (a) Short-term Borrowings (8% Bank Loan) (b) Trade Payables (c) Short-term Provisions |
40,000 1,20,000 50,000 |
50,000 1,10,000 40,000 |
| Total | 15,25,000 | 10,80,000 |
| II. Assets | ||
| Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment (ii) Intangible Assets (Goodwill) (b) Non-Current Investments |
8,60,000 15,000 1,25,000 |
6,20,000 40,000 80,000 |
| Current Assets (a) Current Investments (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents |
5,000 1,95,000 2,00,000 1,25,000 |
15,000 1,00,000 2,00,000 25,000 |
| Total | 15,25,000 | 10,80,000 |
| Particulars | 31st March, 2023 (₹) |
31st March, 2022 (₹) |
|
| Share Capital Equity Sahre Capital 10% Preference Share Capital |
5,50,000 2,00,000 |
4,50,000 3,00,000 |
|
| Reserves and Surplus Securities Premium: Less: Premium on Redemption of Preference Shares written off General Reserve Surplus, i.e., Balance in Statement of Profit & Loss |
10,000 5,000 |
5,000 1,50,000 1,50,000 |
– 1,20,000 (1,40,000) |
| Short-term Provisions Provision for Tax |
50,000 | 40,000 |
Additional Information:
- During the year a piece of machinery costing ₹ 60,000 on which depreciation charged was ₹ 20,000 was sold at 50% of its book value. Depreciation provided on tangible Assets ₹ 60,000.
- Income Tax ₹ 45,000 was provided.
- Additonal Debentures were issued at par on 1st October, 2022 and Bank Loan was repaid on the same date.
- At the end of the year Preference Shares were redeemed at a premium of 5%.
Solution :
