The following are tbe Balance Sheets of Ashok Ltd.:

(Rs. in thousands)

Balance Sheets Liabilities 2007 2008 Assets 2007 2008 Rs. Rs. Rs. Rs.

Equity share capital 3,000 4,000 Property 2,000 2,500 Security Premium — 100 Plant and Machinery’ 4,000 4,500 Profit and Depreciation 1,400 2,600 Loss A/c: 1500 3,000 Balance 1,000 1,000 Profit for the year — 2,000 Loan to subsidiary — 150 6% Debentures 1,500 1,000 Shares in subsidiary 200 200 Profit on Stock 1,400 1,500 Redemption of Debtors 1,000 1,500 Debenture — 20 Bank 350 1,570 Debenture 1,400 1,100 Sundry Creditors 500 1,000 Provision for Taxation 150 200 _____ _____ 7,550 10,420 7,550 10,420 Further Information:

In 2008 Plant and Machinery costing Rs. 5 lakhs (accumulated depreciation Rs. 3 lakhs) was sold for Rs. 1 lakh. Tax paid for the last year Rs. 6 lakhs.

Prepare the Cash Flow Statement.