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M.108 An Aid to Accountancy—CBSE XII
23. From the following Balance Sheet of Hemco Ltd., prepare Cash Flow Statement:

Particulars Note No. 31st March, 31st March,
2018 (`) 2017 (`)

I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 10,00,000 10,00,000
(b) Reserves and Surplus 1 7,50,000 6,00,000
2. Non-Current Liabilities
Long-term Borrowings 2 1,00,000 2,00,000
3. Current Liabilities
(a) Trade Payables 1,00,000 1,10,000
(b) Short-term Provisions 3 95,000 80,000
Total 20,45,000 19,90,000
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets:
(i) Tangible Assets 4 10,10,000 12,00,000
(ii) Intangible Assets: Goodwill 1,80,000 2,00,000
(b) Non-current Investments 1,00,000 ...
2. Current Assets
(a) Inventories 1,80,000 1,00,000
(b) Trade Receivables 2,00,000 1,50,000
(c) Cash and Cash Equivalents 5 3,75,000 3,40,000
Total 20,45,000 19,90,000

Notes to Accounts
Particulars 31st March, 31st March,
2018 (`) 2017 (`)
1. Reserves and Surplus
Surplus, i.e., Balance in Statement of Profit and Loss
Opening Balance 6,00,000 5,00,000
Add: Profit for the year 3,00,000 2,00,000
9,00,000 7,00,000
Less: Dividend 1,50,000* 1,00,000**
7,50,000 6,00,000
2. Long-term Borrowings
2,000, 10% Debentures of ` 100 each ... 2,00,000
Bank Loan 1,00,000 ...
1,00,000 2,00,000
3. Short-term Provisions
Provisions for Tax 95,000 80,000
4. Tangible Assets
Land and Building 6,50,000 8,00,000
Plant and Machinery 3,60,000 4,00,000
10,10,000 12,00,000