Following are the Balance Sheets of Solar Power Ltd. as at 31st March, 2023 and 2022:
Particulars
31st March,
2023 (₹)
31st March,
2022 (₹)
I. EQUITY AND LIABILITIES
1. Shareholder’s Funds
(a) Share Capital
(b) Reserves and Surplus
24,00,000
6,00,000
22,00,000
4,00,000
2. Non-Current Liabilities
Long-term Borrowings
4,80,0000
3,40,000
3. Current Liabilities
(a) Trade Payables
(b) Short-term Provisions
3,58,000
1,00,000
4,08,000
1,54,000
Total
39,38,000
35,02,000
II. Assets
1. Non-Current Assets
Property, Plant and Equipment and Intangible Assets
(i) Property, Plant and Equipment
(ii) Intangible Assets
21,40,000
80,000
17,00,000
2,24,000
2. Current Assets
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash and Cash Equivalents
4,80,000
2,58,000
3,40,000
6,40,000
3,00,000
2,42,000
2,86,000
7,50,000
Total
39,38,000
35,02,000
Particulars
31st March,
2023 (₹)
31st March,
2022 (₹)
1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit & Loss
6,00,000
4,00,000
2. Property, Plant and Equipment
Machinery
Less: Accumulated Depreciation
25,40,000
(4,00,000)
20,00,000
(3,00,000)
21,40,000
17,00,000
3. Intangible Assets
Goodwill
80,000
2,24,000
Additional Information:
During the year, a piece of Machinery ₹ 48,000 on which accumulated depreciation was ₹ 32,000, was sold for ₹ 12,000.
Prepare Cash Flow Statement.
[Ans.: Cash Flow from Operating Activities = ₹ 3,06,000; Cash Used in Investing Activities = ₹ 5,76,000; Cash Flow from Financing Activities = ₹ 3,40,000; Net Increase in Cash and Cash Equivalents = ₹ 70,000.]
[Hint: Short-term Provision is Provision for Tax.]
