Illustration 6. Given below are summarised Balance Sheets of Harsh Chemicals Ltd. as at 31-03-09 and...

 

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Illustration 6. Given below are summarised Balance Sheets of Harsh Chemicals Ltd. as at 31-03-09 and 31-03-10. The company issued one bonus share for every 4 shares held. The company also acquired machinery amounting to Rs. 30,00,000 from Levenz of France on deferred credit basis. You are required to prepare the cash flow statement. a52 (Rs. in thousand) Balance Sheet 31-03-10 31-03-09 Equity share capital 8500 4000 General Reserve 7000 7600 Profit & Loss Account 1200 1000 Share Premium Account 1500 750 Shareholders' Funds 18200 13350 Secured Loans 4800 5400 Unsecured Loans 5350 4000 Deferred Credit 3000 Loan Funds 13150 9400 Sources 31350 22750 Fixed Assets Gross Block 22400 17000 Accumulated Depreciation 3450 3200 Net Block 18950 13800 Capital Work-in-progress 8200 3000 Investments 1650 2320 Current Assets, Loans & Advances Inventories 4000 3200 Debtors 1090 2200 Cash & Bank Balances 540 750 Loans 1700 200 Balance Sheet Advance Tax 31-03-10 31-03-09 1600 1400 8930 7750 Creditors 1050 1600 Outstanding expenses 880 120 Tax Provision 1600 1400 Proposed Dividend 3400 1600 6930 4720 Net Current Assets 2000 3030 Miscellaneous Expenditure 550 600 Applications 31350 22750 Other Information: (1) Fixed assets costing Rs. 4,00,000, accumulated depreciation Rs. 3,00,000 were sold for Rs. 1,50,000. (2) Actual tax liability for 2008-09 was Rs. 14,00,000. (3) Loans represent long term loans given to group companies. (4) Interest on loan funds for 2009-10 was Rs. 18,41,000 and interest and dividend income were Rs. 4,02,000. (5) Investments costing Rs. 20,00,000 were sold for Rs. 25,00,000. Illustration 6. Given below are summarised Balance Sheets of Harsh Chemicals Ltd. as at 31-03-09 and 31-03-10. The company issued one bonus share for every 4 shares held. The company also acquired machinery amounting to Rs. 30,00,000 from Levenz of France on deferred credit basis. You are required to prepare the cash flow statement. a52 (Rs. in thousand) Balance Sheet 31-03-10 31-03-09 Equity share capital 8500 4000 General Reserve 7000 7600 Profit & Loss Account 1200 1000 Share Premium Account 1500 750 Shareholders' Funds 18200 13350 Secured Loans 4800 5400 Unsecured Loans 5350 4000 Deferred Credit 3000 Loan Funds 13150 9400 Sources 31350 22750 Fixed Assets Gross Block 22400 17000 Accumulated Depreciation 3450 3200 Net Block 18950 13800 Capital Work-in-progress 8200 3000 Investments 1650 2320 Current Assets, Loans & Advances Inventories 4000 3200 Debtors 1090 2200 Cash & Bank Balances 540 750 Loans 1700 200 Balance Sheet Advance Tax 31-03-10 31-03-09 1600 1400 8930 7750 Creditors 1050 1600 Outstanding expenses 880 120 Tax Provision 1600 1400 Proposed Dividend 3400 1600 6930 4720 Net Current Assets 2000 3030 Miscellaneous Expenditure 550 600 Applications 31350 22750 Other Information: (1) Fixed assets costing Rs. 4,00,000, accumulated depreciation Rs. 3,00,000 were sold for Rs. 1,50,000. (2) Actual tax liability for 2008-09 was Rs. 14,00,000. (3) Loans represent long term loans given to group companies. (4) Interest on loan funds for 2009-10 was Rs. 18,41,000 and interest and dividend income were Rs. 4,02,000. (5) Investments costing Rs. 20,00,000 were sold for Rs. 25,00,000.