From the following Balance Sheet of Solar Power Ltd. and the additional information given, prepare Cash Flow Statement
From the following Balance Sheet of Solar Power Ltd. and the additional information given, prepare Cash Flow Statement:
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
| I. EQUITY AND LIABILITIES | Â | Â |
|
Shareholder’s Funds (a) Share Capital: Equity Share Capital (b) Reserves and Surplus |
4,00,000 1,18,000 |
3,00,000 70,000 |
|
Non-Current Liabilities Long-term Borrowings |
1,00,000 | 1,50,000 |
|
Current Liabilities (a) Trade Payables (b) Short-term Provisions |
99,000 50,000 |
75,000 40,000 |
| Total | 7,67,000 | 6,35,000 |
| II. Assets | Â | Â |
|
Non-Current Assets Property, Plant and Equipment and Intangible Assets: (i) Property, Plant and Equipment (ii) Intangible Assets (Goodwill) |
3,70,000 90,000 |
2,80,000 1,15,000 |
|
Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Bank Balances: Cash at Bank |
59,000 2,30,000 18,000 |
35,000 1,80,000 25,000 |
| Total | 7,67,000 | 6,35,000 |
| Particulars | 31st March, 2023 (₹) | 31st March, 2022 (₹) |
|
Reserves and Surplus General Reserve Surplus, i.e., Balance in Statement of Profit & Loss |
70,000 48,000 |
40,000 30,000 |
| Â | 1,18,000 | 70,000 |
|
Trade Payables Creditors Bills Payable |
83,000 16,000 |
55,000 20,000 |
| Â | 99,000 | 75,000 |
|
Short-term Provisions Provision for Tax |
50,000 | 40,000 |
|
Property, Plant and Equipment Land and Building Plant |
1,80,000 1,90,000 |
2,00,000 80,000 |
| Â | 3,70,000 | 2,80,000 |
Note: Proposed equity dividends for the years ended 31st March, 2022 and 2023 are ₹ 50,000 and ₹ 60,000 respectively.
Additional Information:
- Depreciation of ₹ 10,000 and ₹ 20,000 is charged on Plant and Land and Building respectively in the year 2022-23.
- An Interim Dividend of ₹ 20,000 is paid in 2022-23.
- Share Issue Expenses of ₹ 5,000 were incurred and written off in 2022-23 from the statement of Profit & Loss.
- Income Tax ₹ 35,000 was paid during the year 2022-23.
Anurag Pathak Changed status to publish December 2, 2023
