Page 46 - MA12

Cash Flow Statement—Based on Accounting Standard-3 (Revised) 3.21

Particulars Note No. 31st March, 31st March,
2020 (`) 2019 (`)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 5,00,000 4,00,000
(b) Reserves and Surplus 1 3,20,000 2,50,000
2. Non-Current Liabilities
Long-term Borrowings 2 2,00,000 1,00,000
3. Current Liabilities
(a) Short-term Borrowings (12% Bank Loan) 1,00,000 2,00,000
(b) Trade Payables 1,50,000 90,000
(c) Short-term Provisions 3 40,000 20,000
Total 13,10,000 10,60,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets (Tangible) 4 7,00,000 5,00,000
(b) Non-Current Investments (10% Investments) 70,000 50,000
2. Current Assets
(a) Inventories 60,000 90,000
(b) Trade Receivables 1,20,000 70,000
(c) Cash and Bank Balances: Cash at Bank 3,60,000 3,50,000
Total 13,10,000 10,60,000
Note: Dividend proposed for the years 2018–19 and 2019–20 are ` 1,50,000 and ` 2,00,000 respectively.
Notes to Accounts
Particulars 31st March, 31st March,
2020 (`) 2019 (`)
1. Reserves and Surplus
Securities Premium Reserve 5,000 ...
General Reserve 1,00,000 80,000
Surplus, i.e., Balance in the Statement of Profit and Loss 2,15,000 1,70,000
3,20,000 2,50,000
2. Long-term Borrowings
10% Debentures 2,00,000 1,00,000
3. Short-term Provisions
Provision for Tax 40,000 20,000
4. Fixed Assets (Tangible)
Machinery (Cost) 8,50,000 6,10,000
Less: Accumulated Depreciation 1,50,000 1,10,000
7,00,000 5,00,000

Additional Information:
(i) Machinery costing ` 50,000 (accumulated depreciation thereon was ` 35,000) was
sold at a loss of 20%.
(ii) Equity Shares were issued at a premium of 15% on 1st April, 2019.
(iii) New Non-current Investments were made on 1st April, 2019 and Bank Loan was
repaid on the same date.
(iv) Additional debentures were issued on 1st October, 2019 at a discount of 10%. The
company wrote off the discount on issue of debentures from Securities Premium Reserve.
(v) An Interim Dividend paid during the year amount to ` 25,000.
(vi) Income-tax paid ` 50,000.