From the Following Balance Sheet of Yogeta Ltd., Prepare Cash Flow Statement-Cash Flow Statement
From the following Balance Sheet of Yogeta Ltd., prepare cash flow statement:
| Particulars | Note No. | 31st March 2017 (Rs) | 31st March 2016 (Rs) |
| I) Equity and Liabilities | |||
| 1. Shareholders’ Funds | |||
| a) Share capital | 1 | 4,00,000 | 2,00,000 |
| b) Reserves and surplus-Surplus | 2,00,000 | 1,00,000 | |
| 2. Non-current Liabilities | |||
| a) Long-term borrowings | 2 | 1,50,000 | 2,20,000 |
| 3. Current Liabilities | |||
| a) Short-term borrowings | 1,00,000 | – | |
| (Bank overdraft) | |||
| b) Trade payables | 70,000 | 50,000 | |
| c) Short-term provision | 50,000 | 30,000 | |
| (Provision for taxation) | |||
| Total | 9,70,000 | 6,00,000 | |
| II) Assets | |||
| 1. Non-current assets | |||
| a) Fixed assets | |||
| i) Tangible | 7,00,000 | 4,00,000 | |
| 2. Current assets | |||
| a) Inventories | 1,70,000 | 1,00,000 | |
| b) Trade Receivables | 1,00,000 | 50,000 | |
| c) Cash and cash equivalents | – | 50,000 | |
| Total | 9,70,000 | 6,00,000 |
Notes to Accounts
| Particulars | 31st March 2017 (Rs) | 31st March 2016 (Rs) |
| 1. Share capital | ||
| a) Equity share capital | 3,00,000 | 2,00,000 |
| b) Preference share capital | 1,00,000 | – |
| 4,00,000 | 2,00,000 | |
| 2. Long term borrowings | ||
| Long-term loan | – | 2,00,000 |
| Long-term Rahul | 1,50,000 | 20,000 |
| 1,50,000 | 2,20,000 |
Additional Information:
Net Profit for the year after charging Rs. 50,000 as Depreciation was Rs. 1,50,000. Dividend paid on Share was Rs. 50,000, Tax Provision created during the year amounted to Rs. 60,000.
Cash Flow Statement of Yogeta Ltd.
| Particulars | Amount (Rs.) | Amount (Rs.) | |
| A. | Cash Flow from Operating Activities | ||
| Profit as per Balance Sheet (2,00,000 –1,00,000) | 1,00,000 | ||
| Proposed Dividend | 50,000 | ||
| Provision for Taxation | 60,000 | ||
| Net Profit before Taxation and Extraordinary items | 2,10,000 | ||
| Items to be added: | |||
| Depreciation | 50,000 | 50,000 | |
| Operating Profit before Working Capital changes | 2,60,000 | ||
| Add: Increase in Current liabilities | |||
| Trade Payable | 20,000 | 20,000 | |
| 2,80,000 | |||
| Less: Increase in Current Assets | |||
| Inventories | (70,000) | ||
| Trade Receivable | (50,000) | (1,20,000) | |
| Cash Generated from Operating Activities | 1,60,000 | ||
| Less: Income Tax paid | (40,000) | ||
| Net Cash from Operations | 1,20,000 | ||
| B. | Cash Flow from Investing Activities | ||
| Purchases of Fixed Assets | (3,50,000) | ||
| Net Cash used in Investing Activities | (3,50,000) | ||
| C. | Cash Flow from Financing Activities | ||
| Issue of Equity Shares | 1,00,000 | ||
| Issue of Preference Shares | 1,00,000 | ||
| Loan from Rahul | 1,30,000 | ||
| Less: Repayment of Loan | (2,00,000) | ||
| Dividend Paid | (50,000) | ||
| Net Cash from Financing Activities | 80,000 | ||
| D. | Net decrease in Cash and Cash Equivalent (A+B+C) | (1,50,000) | |
| Add: Cash and Cash Equivalents in the beginning | 50,000 | ||
| E. | Cash and Cash Equivalents at the end (Bank Overdraft) | (1,00,000) |
Working Notes:
Provision for Taxation Account
| Date | Particulars | J.F. | Amount (Rs.) | Date | Particulars | J.F. | Amount (Rs.) |
| Bank (Balancing figure) | 40,000 | Balance b/d | 30,000 | ||||
| Balance c/d | 50,000 | Profit and Loss | 60,000 | ||||
| 90,000 | 90,000 | ||||||
Fixed Assets Account
| Date | Particulars | J.F. | Amount (Rs.) | Date | Particulars | J.F. | Amount (Rs.) |
| Balance b/d | 4,00,000 | Depreciation | 50,000 | ||||
| Bank | 3,50,000 | Balance c/d | 7,00,000 | ||||
| 7,50,000 | 7,50,000 | ||||||
Comments
Post a Comment