There was ‘Nil’ net cash flow from operating activities of Ashok Ltd. during the year ending 31st March, 2019. From the following Balance Sheet of Ashok Ltd. as at 31st March, 2019, prepare a Cash Flow Statement:
Ashok Ltd.
Balance Sheet as at 31st March, 2019
| Particulars | Note No. | 31.3.2019 (₹) |
31.3.2018 (₹) |
|---|---|---|---|
| I. EQUITY AND LIABILITIES: | |||
| 1. Shareholder’s Fund: | |||
| a. Share Capital | 19,00,000 | 11,00,000 | |
| b. Reserve and Surplus | 1 | 1,60,000 | 2,00,000 |
| 2. Non-Current Liabilities: | |||
| Long Term Borrowing | 2 | 1,00,000 | 4,00,000 |
| 3. Current Liabilities: | |||
| (a) Short-Term Borrowings | 3 | 2,50,000 | 2,30,000 |
| (b) Short-Term Provisions | 4 | 1,90,000 | 2,70,000 |
| TOTAL | 26,00,000 | 22,00,000 | |
| II. ASSETS : | |||
| 1. Non-Current Assets: | |||
| a. Fixed Assets: | |||
| i. Tangible Assets | 5 | 15,00,000 | 11,00,000 |
| ii. Intangible Assets | 6 | 2,80,000 | 1,70,000 |
| b. Non-current Investments | |||
| 2. Current Assets: | |||
| a. Current Investments | 1,30,000 | 2,90,000 | |
| b. Trade Receivables | 3,90,000 | 4,10,000 | |
| c. Cash and Cash Equivalents | 3,00,000 | 2,30,000 | |
| TOTAL | 26,00,000 | 22,00,000 |
Notes to Accounts
| Note Number | Particulars | 31.3.2019 (₹) |
31.3.2018 (₹) |
|---|---|---|---|
| 1 | Reserves and Surplus | ||
| Surplus (Balance in Statement of Profit & Loss) | 1,60,000 | 2,00,000 | |
| 2 | Long-term Borrowings : | ||
| 8% Debentures | 1,00,000 | 4,00,000 | |
| 3 | Short Term Borrowings: | ||
| Bank Overdraft | 2,50,000 | 2,30,000 | |
| 4 | Short Term Provisions: | ||
| Provision for Tax | 1,90,000 | 2,70,000 | |
| 5 | Tangible Assets: | ||
| Plant and Machinery | 16,30,000 | 11,70,000 | |
| Accumulated depreciation | (1,30,000) | (70,000) | |
| Total | 15,00,000 | 11,00,000 | |
| 6 | Intangible Assets : | ||
| Goodwill | 2,80,000 | 1,70,000 |
Additional information:
(i) A machinery of the book value of Rs. 60,000, (depreciation provided thereon Rs. 20,000) was sold at a loss of Rs. 6,000.
(ii) 8% Debentures were redeemed on 1st July, 2018.
Marks-6, CBSE:2019-20/Main/03/Q-32