Page 133 - MA12

Model Test Papers M.39

Notes to Accounts (` in ”000)
Particulars ` `
1. Share Capital
Authorised Capital
20,000 Equity Shares of ` 10 each 200
Issued Capital
15,000 Equity Shares of ` 10 each 150
Subscribed Capital
Subscribed and fully paid-up
15,000 Equity Shares of ` 10 each 150
2. Long-term Borrowings
10% Debentures 200
3. Other Current Liabilities
Outstanding Expenses 5
4. Short-term Provisions
Provision for Tax 45
5. Fixed Assets—Tangible
Cost 350
Less: Provision for Depreciation (` 40 + ` 10) 50 300
6. Cash and Cash Equivalents
Cash and Bank Balances 30

7. Short-term Loans and Advances
Advance Payment of Tax 50
8. Other Current Assets
Prepaid Expenses 5

Contingent Liabilities:
(i) Proposed Dividend for the year ended 31st March, 2020 is ` 50,000.
(ii) Bills discounted but not matured ` 40,000.

Section B
9. CASH FLOW STATEMENT (as per AS–3) for the year ended 31st March, 2020
Particulars ` `
A. Cash Flow from Operating Activities
Net Profit before Tax (WN 1) 1,68,000
Add: Depreciation on Machinery (WN 2 and 3) 1,10,000
Loss on Sale of Machinery (WN 2 and 3) 6,000
Interest on Debentures 15,000
[(` 1,00,000 × 10/100 × 6/12) + (` 2,00,000 × 6/12 × 10/100)]
Operating Profit before Working Capital Changes 2,99,000
Add: Decrease in Current Assets and Increase in Current Liabilities:
Inventories 30,000
Trade Payables 60,000
3,89,000
Less: Increase in Current Assets:
Trade Receivables 50,000
Cash Generated from Operations 3,39,000
Less: Tax Paid 10,000
Cash Flow from Operating Activities 3,29,0000