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Balance Sheet of KBC Ltd as at 31.3.2020 and 31.3.2019 is given below: (6)BALANCE SHEET Particulars Note No. 31.03.2020 (Amount in Rs.) 31.03.2019 (Amount in Rs.) I. EQUITY AND LIABILITIES: Shareholder’s Funds: Share Capital Reserve and Surplus (Profit and Loss A/c) Non Current Liabilities: Long Term Borrowings (12% Debentures) Current Liabilities: Trade Payable Short Term Provisions (Tax Provision) 16,25,000 3,75,000 2,50,000 5,25,000 1,87,500 10,00,000 2,50,000 ---- 4,62,500 1,25,000 TOTAL 29,62,500 18,37,500 II. ASSETS:Non-current Assets: Fixed Assets (Tangible Assets) Current Assets: Inventories Trade Receivables Cash and Cash Equivalents Other Current Assets: Unamortized Expenses 19,50,000 3,25,000 3,12,500 3,75,000 ---9,12,500 2,75,000 4,50,000 1,75,000 25,000 TOTAL 29,62,500 18,37,500 Additional Information: (i) 12% Debentures are issued on 30th September, 2019 and interest paid on debentures is upto date. (ii) Dividend of Rs. 31,250 was paid during the year. Prepare a Cash Flow Statement as per AS-3 (Revised).​

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Answer:

Cash Flow Statement

Particulars

Amount (Rs.)

Amount (Rs.)

A. Cash Flow from Operating Activities

Surplus as on 31st March 2018

3,20,000

Less: Surplus as on 31st March 2017

(60,000)

2,60,000

Add: Transfer to General Reserve

80,000

Provision for tax created during the year

1,18,000

Profit before tax and extraordinary items

4,58,000

Add: Interest on 12% debentures

50,000

Depreciation for the year

5,000

55,000

Operating Profit Before Working Capital Changes

5,13,000

Less: Increase in the value of trade receivables

(2,90,000)

Cash generated from operations

2,23,000

Less: Tax paid

46,000

Cash Flow from Operating Activities

1,77,000

A. Cash Flow from Investing Activities

Purchase of plant and machinery

(3,50,000)

Purchase of goodwill

(98,000)

Cash used in Investing Activities

(4,88,000)

B. Cash Flow from Financing

Activities

Increase in Bank Overdraft

73,000

Proceeds from issue of 12% Debentures

2,00,000

Proceeds from issue of shares

2,10,000

Interest on 12% debentures

(50,000)

Cash Flow from Financing Activities

4,33,000

C. Net Increase/Decrease in Cash & Cash Equivalents

1,62,000

Add: Cash and Cash Equivalents as on 31st March 2017

Cash and Bank balance

70,000

Current investments

63,000

1,33,000

D. Cash and Cash Equivalents as on 31st March 2018

Cash and Bank balance

1,55,000

Current investments

1,40,000

2,95,000

48
Junge Joseph
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