Page 272 - ISCDEBK-12

Final Accounts of Companies—Application of Schedule III, Part I... 10.23

Notes to Accounts (` in ’000)

Particulars `
1. Share Capital
Authorised Capital
... Equity Shares of ` 100 each ...
... 12% Preference Shares of ` 100 each ... ...
Issued Capital
50,000 Equity Shares of ` 100 each 5,000
40,000, 12% Preference Shares of ` 100 each 4,000 9,000
Subscribed Capital
Subscribed and fully paid-up
50,000 Equity Shares of ` 100 each 5,000
40,000 Preference Shares of ` 100 each 4,000 9,000
2. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit and Loss (opening balance) ...
Add: Loss as per Statement of Profit and Loss (1,800) (1,800)
3. Long-term Borrowings
10% Debentures 2,000
Premium on Redemption of Debentures 200
2,200
4. Long-term Provisions
Employees’ Earned Leave payable on Retirement 450
5. Short-term Borrowings
Short-term Bank Loan 450
6. Other Current Liabilities
Calls-in-Advance 50
7. Non-Current Investments
20,000; 12% Debentures of Tata Steel (` 100 each) 2,000
10% Debentures of Reliance Ltd. (1,000 × 4/5th Redeemable after 12 months) 800
Investment in Land and Building 2,000
4,800
8. Other Current Assets
Prepaid Expenses 500
Interest Accrued on Debentures of Tata Steels 120
620

Contingent Liability: Proposed Dividend ` 2,00,000.