Following is the Balance Sheet of Mevanca Limited as at 31st March, 2017:
Particulars
31st March,
2017 (₹)
31st March,
2016 (₹)
I. EQUITY AND LIABILITIES
Shareholder’s Funds
(a) Share Capital
(b) Reserves and Surplus
3,00,000
25,000
1,00,000
1,20,000
Non-Current Liabilities
Long-term Borrowings
80,000
60,000
Current Liabilities
(a) Trade Payables
(b) Short-term Provisions
6,000
68,000
20,000
70,000
Total
4,79,000
3,70,000
II. Assets
Non-Current Assets
Property, Plant and Equipment and Intangible Assets:
Property, Plant and Equipment
3,36,000
1,92,000
Current Assets
(a) Inventories
(b) Trade Receivables
(c) Cash and Cash Equivalents
(d) Other Current Assets
67,000
51,000
25,000
60,000
65,000
49,000
4,000
Total
4,79,000
3,70,000
Particulars
31st March,
2017 (₹)
31st March,
2016 (₹)
Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit & Loss
25,000
1,20,000
25,000
1,20,000
Long-term Borrowings
10% Long-term Loan
80,000
60,000
80,000
60,000
Short-term Provisions
Provision for Tax
68,000
70,000
68,000
70,000
Property, Plant and Equipment
Machinery
Accumulated Depreciation
3,84,000
(48,000)
2,15,000
(23,000)
3,36,000
1,92,000
Additional Information:
(i) Additional loan was taken on 1st July, 2016.
(ii) Tax of ₹ 53,000 was paid during the year.
Prepare Cash Flow Statement.
[Ans.: Cash Used in Operating Activities = ₹ 67,500; Cash Used in Investing Activities = ₹ 1,69,000; Cash Flow from Financing Activities = ₹ 2,12,500; Net Decrease in Cash and Cash Equivalents = ₹ 24,000.]
