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

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