Cash flow from operating activities of Starline Ltd. for the year ended 31.03.2019 was Rs. 18,000. The Balance Sheet along with notes to accounts of Starline Ltd. as at 31-03-19 is given below:

Starline limited

Balance Sheet as at 31st March, 2019

Particulars Note no. 31.3.2019
(₹)
31.3.2018
(₹)
I – Equity and Liabilities :
1. Shareholders Funds :
(a) Share Capital 18,00,000 10,00,000
(b) Reserves and Surplus 1 50,000 40,000
2. Non-Current Liabilities :
Long-term Borrowings 2 1,00,000 4,00,000
3. Current Liabilities :
Short term Provisions 3 2,50,000 3,60,000
Total 22,00,000 18,00,000
II – Assets :
1. Non-Current Assets :
(a) Fixed Assets :
Tangible Assets 4 14,00,000 10,00,000
(ii) Intangible Assets 5 1,80,000 70,000
(b) Non-current Investments
2. Current Assets :
(a) Current Investments 30,000 1,90,000
(b) Trade Receivables 2,90,000 3,10,000
(c) Cash and Cash Equivalents 3,00,000 2,30,000
Total 22,00,000 18,00,000

Notes to Accounts

Note Number Particulars 31.3.2019
(₹)
31.3.2018
(₹)
1 Reserves and Surplus
Surplus (Balance in Statement of Profit & Loss) 50,000 40,000
2 Long-term Borrowings :
8% Debentures 1,00,000 4,00,000
3 Short Term Provisions:
Provision for Tax 2,50,000 3,60,000
4 Tangible Assets:
Machinery 15,20,000 10,90,000
Less: Accumulated depreciation (1,20,000) (90,000)
Total 14,00,000 10,00,000
5 Intangible Assets :
Goodwill 1,80,000 70,000

You are given the following additional information :

(a) A machinery of the book value of Rs. 40,000 (depreciation provided thereon Rs. 12,000) was sold at a loss of Rs. 6,000.

(b) 8% debentures were redeemed on 1st July 2018.

Prepare Cash Flow Statement. 

Marks-6, CBSE:2019-20/Main/05/Q-32

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