48.000 30.000 (i) Net profit before tax and extra-ordinary items: Profit & Loss Account as on 31.3.2014 Less: Profit & Loss Account as on 31.3.2013 Profit earned during the year after appropriation and provision for tax Add: Transfer to general reserve Proposed dividend Interim dividend Provision for taxation Profit before tax and extraordinary items 18,000 10,000 50,000 20.000 10.000 90.000 1,08,000 (ii) Land and Building Account 5.000 To Balance b/d To Capital reserve (balancing figure) 2,00,000 20.000 45.000 2.20.000 By Depreciation Alc By Bank (purchases) By Balance cld 1.70.000 2.20.000 Plant and Machinery Account To Balance bld To Bank (purchases) 80.000 1,42,000 By Bank (sales) By Profit & Loss Account (loss) By Depreciation By Balance c/d 10.000 2,000 10.000 2.00.000 2.22.000 2.22.000 (iv) Investment Account To Balance bid To Bank (purchases) 20,000 11.000 31.000 By Dividend By Balance c/d 1,000 30.000 31.000 151 The following are the summary of cash transactions extracted from the books of Happy Ltd.: R in '000) Balance as on 1st April, 2013 Receipts from customers Issue of shares Sale of fixed assets 140 11,132 1.200 512 12,984 Payments to suppliers Payments for fixed assets Payments for overheads Wages and salaries Taxation Dividends Repayment of bank loans 8,188 920 460 276 972 320 1,000 12.136 848 Balance as on 31st March, 2014 You are required to prepare a cash flow statement of the company for the period ended 31st March, 2014 in accordance with the Accounting Standard-3 (Revised)