ABC limited decides to buyback 10% of fully paid up equity shares at 25% premium over the prevailing market price of rupees 40 per share. The paid up equity shares capital of the company is rupees 500 million. The face value per shares is rupees 10. ABC limited balance sheet before buyback is as follows: Sources of funds Millions Paid up share capital 500 General reserve 300 Securities premium 200 Revaluation reserve 150 Loan funds 600 Total 1750 Application of funds Fixed assets net block 1050 Investments (including non-trade investments of rupees 100 million) 250 Net current assets(including cash and bank balance of rupees 100 million) 450 Total 1750 The company decides to issues 9% preference shares of rupees 80 million and sells all non-trade investments. The company may also utilize 80% of existing cash and bank balance for buyback purpose. All non-trade investments cloud be sold at 140 million. Current liabilities and provisions of the company was rupees 200 million. Out of Securities premium of Rupees 200 Million Rupees 30 million is non-cash. Prepare the post buyback balance sheet.