Question 16 Marks
From the following Balance Sheets of XYL limited, prepare Cash Flow Statement:
Notes:
Additional Information:
a.
b. Depreciation of ₹ 10,000 and ₹ 20,000 has been charged on plant, land and buildings respectively.
c. An interim dividend of ₹ 20,000 has been paid.
d. Income tax of ₹ 35,000 has been paid.
e. Rent Received during the year ₹ 10,000.
| Particulars | Note No. | 31.3.2023 (₹) | 31.3.2022 (₹) |
| I. EQUITY AND LIABILITIES: | |||
| (1) Shareholder's Funds: | |||
| (a) Share Capital | 5,00,000 | 4,50,000 | |
| (b) Reserve and Surplus | 1 | 1,18,000 | 70,000 |
| (2) Current Liabilities | |||
| (a) Trade Payables | 1,49,000 | 1,17,000 | |
| (b) Short term Provisions (Provision for Tax) | 50,000 | 40,000 | |
| TOTAL | 8,17,000 | 6,77,000 | |
| II. ASSETS: | |||
| (1) Non-Current Assets: | |||
| (a) Property, Plant and Equipment and Intangible Assets | |||
| (i) Property, Plant and Equipment | 2 | 3,70,000 | 2,80,000 |
| (ii) Intangible Assets | 3 | 90,000 | 1,15,000 |
| (2) Current Assets: | |||
| (a) Inventory | 1,09,000 | 77,000 | |
| (b) Trade Receivables | 2,30,000 | 1,80,000 | |
| (c) Cash & Cash Equivalents | 18,000 | 25,000 | |
| TOTAL | 8,17,000 | 6,77,000 |
| 31.3.2023 (₹) | 31.3.2022 (₹) | |
| (1) Reserve & Surplus: | ||
| General Reserve | 70,000 | 40,000 |
| Profit & Loss Balance | 48,000 | 30,000 |
| 1,18,000 | 70,000 | |
| (2) Property, Plant and Equipment: | ||
| Land and Building | 1,70,000 | 2,00,000 |
| Plant | 2,00,000 | 80,000 |
| 3,70,000 | 2,80,000 | |
| (3) Intangible Assets: | ||
| Goodwill | 90,000 | 1,15,000 |
a.
| Contingent Liability | 31.3.2023 | 31.3.2022 |
| Proposed Dividend (₹) | 50,000 | 42,000 |
c. An interim dividend of ₹ 20,000 has been paid.
d. Income tax of ₹ 35,000 has been paid.
e. Rent Received during the year ₹ 10,000.
