The Balance Sheet of Fox Ltd at 31st December, 2014 and 2015 are given below:

Notes:
1. Fixed Assets
During the year, land carried in the accounts at cost ₹ 8,00,000 was revalued to ₹ 12,00,000. No depreciation had been provided for this land.
Also a fixed assets which had cost ₹ 2,00,000 were sold for ₹ 55,000. Their book value at the time of sale was ₹ 40,000.
2. Debentures
₹ 5,00,000, 12% debentures were issued on 1st January, 2015.
3. Bank Overdraft Interest
Interest on the bank overdraft for the year was ₹ 8,000.
4. Share Issue
1,00,000 equity shares were issued on 30th September, 2015 at a price of ₹ 7 each.
5. Dividends
A final dividend of ₹ 60,000 for the year ended 31st December, 2014 was paid on 10th March, 2015. An interim dividend of ₹ 40,000 was paid on 31st October, 2015. You are required to prepare a Cash Flow Statement for the year ended 31st December, 2015 using indirect method and complying as far as possible with AS-3. Ignore taxation.

Transcribed Image Text:

I. EQUITY AND LIABILITIES (1) Shareholders' Funds: (a) Share Capital (b) Reserves and Surplus (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (4) Current Liabilities: (a) Long-term Borrowings-12% Debentures (b) Trade Payables Balance Sheet of Fox Ltd. as at 31st March, 2014 and 2015 Note No. (2) TOTAL II. ASSETS (1) Non-current Assets: (a) Fixed Assets Particulars (1) (i) Tangible Assets (d) Long-term Loans and Advances (e) Other Non-current Assets (2) Current Assets: (b) Inventories (c) Trade Receivables (d) Cash and Cash Equivalents TOTAL (1) (2) (3) 2014 ('000) (3) 1,000 1,060 - 500 200 2,760 2,040 380 410 (70) 2,760 2015 ('000) (4) 1,500 2,060 1,000 250 4,810 3,995 490 380 (55) 4,810