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There was ‘Nil; net cash flow from operating activities of Ashok Ltd. during the year ending 31st March, 2019. From the following Balance Sheet of Ashok Ltd. as at 31st March, 2019, prepare a Cash Flow Statement:

Ashok Ltd. Balance Sheet as at 31st March, 2019

Particulars Note. No. 31st March, 2023 31st March, 2022
I. EQUITY AND LIABILITIES:      

(1) Shareholder’s Funds:

(a) Share Capital

(b) Reserve and Surplus

  

19,00,000

1,60,000

11,00,000

2,00,000

(2) Non-Current Liabilities:

Long-term Borrowings

   1,00,000 4,00,000

(3) Current Liabilities

(a) Short term borrowings

(b) Short term Provisions

  

2,50,000

1,90,000

2,30,000

2,70,000
Total   26,00,000 22,00,000
II. ASSETS:      

(1) Non-Current Assets:

(a) Property, Plant and Equipment and Intangible Assets

(i) Property, Plant and Equipment

(ii) Intangible Assets

  

15,00,000

2,80,000

11,00,000

1,70,000

(2) Current Assets:

(a) Current Investments

(b) Inventories

(c) Trade Receivables

(d) Cash & Bank

  

1,30,000

3,90,000

3,00,000

2,90,000

4,10,000

2,30,000
Total   26,00,000 22,00,000

 

Notes to Accounts:

  31.3.2023 31.3.2022

Reserves and Surplus:

Surplus (Balance in Statement of Profit and Loss)

 1,60,000 2,00,000

Long Term Borrowings

8% Debentures

 1,00,000 4,00,000

Short-Term Borrowings

Bank Overdraft

    

Short term Provisions

Provision for Tax

 2,50,000 2,30,000

Property, Plant and Equipment

Plant & Machinery

Accumulated Depreciation

16,30,000

(1,30,000)

11,70,000

(70,000)
  15,00,000 11,00,000

Intangible Assets

Goodwill

 2,80,000 1,70,000

 Additional Information:-

(i) A machinery of the book value of ₹ 60,000, (depreciation provided thereon ₹ 20,000) was sold at a loss of ₹ 6,000.

(ii) 8% Debentures were redeemed on 1st Junly, 2018.

[Ans. Cash used in Investing Activities ₹ 5,96,000; Cash from Financing Activities ₹ 5,06,000.]

Anurag Pathak Answered question January 2, 2025
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