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M.124 An Aid to Accountancy—CBSE XII
Or

COMPARATIVE BALANCE SHEET as at 31st March, 2017 and 2018
Particulars 31st March, 31st March, Absolute Percentage
2017 2018 Change (Increase/ Change (Increase/
Decrease) Decrease)
` ` ` %
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
Share Capital 4,26,000 3,44,000 (82,000) (19.25)
2. Non-Current Liabilities
Long-term Borrowings 6,96,000 4,38,000 (2,58,000) (37.07)
3. Current Liabilities 2,98,000 78,000 (2,20,000) (73.83)
14,20,000 8,60,000 (5,60,000) (39.44)
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets 5,68,000 4,30,000 (1,38,000) (24.30)
(b) Non-Current Investments 6,000 4,000 (2,000) (33.33)
2. Current Assets 8,46,000 4,26,000 (4,20,000) (49.65)
14,20,000 8,60,000 (5,60,000) (39.44)

23. Hemco Ltd.
CASH FLOW STATEMENT
for the year ended 31st March, 2018
Particulars ` `
I. Cash Flow from Operating Activities
Net Profit for the year:
Closing Balance of Surplus, i.e., Balance in Statement of Profit and Loss 7,50,000
Less: Opening Balance of Surplus, i.e., Balance in Statement of Profit and Loss 6,00,000
1,50,000
Add: Provision for Tax 95,000
Dividend* 1,50,000
Net Profit before Tax and Extraordinary Activities 3,95,000
Add: Non-Cash/Non-Operating Expenses:
Depreciation 40,000
Goodwill Amortised 20,000 60,000
4,55,000
Less: Non-Operating Income: Gain (Profit) on Sale of Land and Building 15,000
Operating Profit before Working Capital Changes 4,40,000
Less: Decrease in Current Liabilities and Increase in Current Assets:
Trade Payables 10,000
Trade Receivables 50,000
Inventories 80,000 1,40,000
Cash Generated from Operating Activities 3,00,000
Less: Income Tax Paid (` 80,000 – ` 15,000 Dividend Distribution Tax) 65,000
Cash Flow from Operating Activities 2,35,000