Cash flow from the operating activities of Pinnacle Ltd. for the year ended 31st March, 2019 was Rs. 28,000. The Balance Sheet along with notes to accounts of Pinnacle Ltd. as at 31st March, 2019 is given below:
Pinnacle 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 | 9,00,000 | 5,00,000 | |
| b. Reserve and Surplus | 1 | 90,000 | 1,10,000 |
| 2. Non-Current Liabilities: | |||
| Long Term Borrowing | 2 | 3,00,000 | 2,00,000 |
| 3. Current Liabilities: | |||
| a. Trade Payables | 60,000 | 80,000 | |
| TOTAL | 13,50,000 | 8,90,000 | |
| II. ASSETS : | |||
| 1. Non-Current Assets: | |||
| a. Fixed Assets: | |||
| i. Tangible Assets | 3 | 7,46,000 | 5,24,000 |
| ii. Intangible Assets | 4 | 36,000 | 76,000 |
| b. Non-current Investments | |||
| 2. Current Assets: | |||
| a. Current Investments | 1,30,000 | 20,000 | |
| b. Inventory | 2,00,000 | 1,30,000 | |
| c. Cash and Cash Equivalents | 2,38,000 | 1,40,000 | |
| TOTAL | 13,50,000 | 8,90,000 |
Notes to Accounts
| Note Number | Particulars | 31.3.2019 (₹) |
31.3.2018 (₹) |
|---|---|---|---|
| 1 | Reserves and Surplus | ||
| Surplus (Balance in Statement of Profit & Loss) | 90,000 | 1,10,000 | |
| 2 | Long-term Borrowings : | ||
| 9% Debentures | 3,00,000 | 2,00,000 | |
| 3 | Tangible Assets: | ||
| Plant and Machinery | 8,86,000 | 6,04,000 | |
| Accumulated depreciation | (1,40,000) | (80,000) | |
| Total | 7,46,000 | 5,24,000 | |
| 4 | Intangible Assets : | ||
| Goodwill | 36,000 | 76,000 |
You are given the following additional information:
(i) A machinery of the book value of Rs. 90,000 (depreciation provided thereon was Rs. 23,000), was sold at a profit of Rs. 12,000.
(ii) 9% debentures were issued on 1st April, 2018.
Prepare the Cash Flow Statement.
Marks-6, CBSE:2019-20/Main/02/Q-32