Read the following hypothetical text and answer the given questions on the basis of the same: Aashna, an alumnus of CBSE School, initiated her start up Smartpay, in 2015. Smartpay is a service platform that processes payments via UPI and POS, and provides credit or loans to their clients. During the year 2021-22, Smartpay issued bonus shares in the ratio of 5:1 by capitalising reserves. The profits of Smartpay in the year 2021-22 after all appropriations was ₹7,50,000. This profit was arrived after taking into consideration the following items: –
| Particulars | Amount (₹) |
|---|---|
| Interim Dividend paid during the year | 90,000 |
| Depreciation on Machinery | 40,000 |
| Loss of Machinery due to fire | 20,000 |
| Insurance claim received for Loss of Machinery due to Fire | 10,000 |
| Interest on Non-Current Investments received | 30,000 |
| Tax Refund | 20,000 |
Additional Information:
| Particulars | 31.3.22 (₹) | 31.3. 21 (₹) |
|---|---|---|
| Equity Share Capital | 12,00,000 | 10,00,000 |
| Securities Premium Account | 3,00,000 | 5,00,000 |
| General Reserve | 1,50,000 | 1,50,000 |
| Investment in Marketable Securities | 1,50,000 | 1,00,000 |
| Cash in hand | 2,00,000 | 3,00,000 |
| Machinery | 3,00,000 | 2,00,000 |
| 10% Non-Current Investments | 4,00,000 | 3,00,000 |
| Bank Overdraft | 2,50,000 | 2,00,000 |
| Goodwill | 30,000 | 80,000 |
| Provision for Tax | 80,000 | 60,000 |
- Goodwill purchased during the year was ₹20,000.
- Proposed Dividend for the year ended March 31, 2021 was ₹1,60,000 and for the year ended March 31,2022 was ₹2,00,000.
You are required to:
- Calculate Net Profit before tax and extraordinary items.
- Calculate Operating profit before working capital changes.
- Calculate Cash flow from Investing activities.
- Calculate Cash flow from Financing activities.
- Calculate closing cash and cash equivalents.
Marks-6, CBSE:2022-23/Sample/Q-34
Answer :