1.000 C14 Fixed assets acquisitions Fixtures Vehicles Rs. W.D.V. at 31.3.2006 17,000 12,500 Add back: Depreciation for the year 1,000 2,500 Disposals 18,000 16,000 Less: W.D.V. at 31.12.2005 11.000 2000 Acquisitions during 2005-2006 7.000 3.000 illustration 4 Ms. Joyti of Star Oils Limited has collected the following information for the preparation of cash flow statement for the year 2005 (Rt. in Lakhs) Net Profit 25,000 Dividend (including dividend tax) paid 8,535 Provision for Income tax 5,000 Income tax paid during the year 4.248 Lots on sale of assets (net) 40 Book value of the assets sold 185 Depreciation charged to profit & Loss Account 20,000 Amortisation of Capital grant 6 Profit on sale of investments 100 Carrying amount of Investment sold 27,765 Interest income on investments 2,506 Increase expenses 10,000 Interest paid during the year 10,520 Increase in Working Capital (excluding Cash & Bank Balance) 56,075 Purchase of fixed assets 14,560 Investment in joint venture 3,850 Expenditure on construction work in progress 34.740 Proceeds from calls in arrear 2 Receipt of grant for capital projects 12 Proceeds from long term borrowings 25,980 Proceeds from short-term borrowings 20,575 Opening cash and Bank balance 5,003 Closing cash and Bank balance 6,988 Required Prepare the Cash Flow Statement for the year 2005 in accordance wth AS 3. Cash Flow Statements issued by the Institute of Chartered Accountants of India (make necessary assumptions) 1.000 C14 Fixed assets acquisitions Fixtures Vehicles Rs. W.D.V. at 31.3.2006 17,000 12,500 Add back: Depreciation for the year 1,000 2,500 Disposals 18,000 16,000 Less: W.D.V. at 31.12.2005 11.000 2000 Acquisitions during 2005-2006 7.000 3.000 illustration 4 Ms. Joyti of Star Oils Limited has collected the following information for the preparation of cash flow statement for the year 2005 (Rt. in Lakhs) Net Profit 25,000 Dividend (including dividend tax) paid 8,535 Provision for Income tax 5,000 Income tax paid during the year 4.248 Lots on sale of assets (net) 40 Book value of the assets sold 185 Depreciation charged to profit & Loss Account 20,000 Amortisation of Capital grant 6 Profit on sale of investments 100 Carrying amount of Investment sold 27,765 Interest income on investments 2,506 Increase expenses 10,000 Interest paid during the year 10,520 Increase in Working Capital (excluding Cash & Bank Balance) 56,075 Purchase of fixed assets 14,560 Investment in joint venture 3,850 Expenditure on construction work in progress 34.740 Proceeds from calls in arrear 2 Receipt of grant for capital projects 12 Proceeds from long term borrowings 25,980 Proceeds from short-term borrowings 20,575 Opening cash and Bank balance 5,003 Closing cash and Bank balance 6,988 Required Prepare the Cash Flow Statement for the year 2005 in accordance wth AS 3. Cash Flow Statements issued by the Institute of Chartered Accountants of India (make necessary assumptions)