31.12.2017 000) (4) Illustration 15 The Balance Sheets of X Ltd at 31st December, 2016 and 2017 are given below. Balance Sheets of X Ltd. as at 31st December, 2016 and 2017 Note 31.12.2016 Particulars No. R000) (1) (2) (3) 1. EQUITY AND LIABILITIES (1) Shareholders' Funds : (a) Share Capital (1) 2,000 (b) Reserves and Surplus (2) 4.740 (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (a) Long-term Borrowings - 10% Debentures 1,000 (4) Current Liabilities: (a) Short-term Borrowings (b) Trade Payables 800 (c) Other Current Liabilities - Outstanding Expenses 400 TOTAL 8.940 2,200 6,500 1,500 700 500 11.400 e 5 000 II. ASSETS (1) Non-current Assets : (a) Fixed Assets () Tangible Assets 6.400 8,500 (2) Current Assets (a) Current Investments (b) Inventories 1,200 1,400 (c) Trade Receivables (c 1,500 1,400 (d) Cash and Cash Equivalents (160) 100 TOTAL 8.940 11,400 Notes to Accounts: Particulars 31.12.2016 31.12.2017 000) (1) Share Capital Issued, Subscribed and Paid-up Capital Equity Shares of 10 each fully paid-up 2.000 2,200 (2) Reserve and Surplus Securities Premium 2,340 2,540 Revaluation Reserve 1,000 Accumulated Profit 2.400 2.960 4,740 6,500 Notes: (1) Movement in Fixed Assets '000) Particulars Land Buildings Plant Total Cost or Valuation on 1st January, 2017 2,000 3,000 3.400 8,400 Additions 2,500 2,500 Disposals (1,000) (1,000) Revaluation 1,000 1,000 At 31st December, 2017 3,000 3,000 4.900 10.900 Accumulated Depreciation on 1st January, 2017 400 1,600 2,000 Depreciation for the year 60 1,140 1.200 Disposals (800) (800) At 31st December, 2017 460 1,940 2.400 Net Book Value At 31st December, 2017 3,000 2540 2.960 8,500 At 31st December, 2016 2,000 2,600 1,800 6,400 (2) 35,00,000 of 10% debentures was issued on 1st January, 2017. Interest on all debentures is paid on 30th June and 31st December every year. (3) The company paid a dividend of 5,00,000 during the year. The proposed dividends have not been recognised as liabilities in the Balance Sheets. (4) Plant sold during the year realised 2,50,000. (5) The tax charged for the year in the Profit and Loss Account was 5,00,000 Required : Prepare a Cash Flow Statement of X Ltd for the year ended 31st December, 2017, as per AS-3