e3 2017 000 14) 380 690 150 Illustration 13 The Balance Sheets of Y Ltd at 31st December, 2016 and 2017 were as follows: Balance Sheets of Y Ltd. as at 31st December, 2016 and 2017 Note 2016 Particulars No. 000) (0) (2) (3) 1. EQUITY AND LIABILITIES (1) Shareholders' Funds (a) Share Capital (3) 300 (b) Reserves and Surplus (7) 500 (2) Share Application Money Pending Allotment: (3) Non-current Liabilities: (a) Long-term borrowings - 10% Debentures (5) 100 (4) Current Liabilities: (a) Short-term Borrowings (b) Trade Payables 70 (c) Other Current Liabilities (d) Short-term Provisions - Proposed Dividend 161 30 TOTAL 1.000 II. ASSETS (1) Non-current Assets (a) Fixed Assets Tangible Assets - Property, Plant and Equipment (1) 730 (b) Non-current Investments - at Cost 100 (2) Current Assets : (a) Current Investments (b) Inventories 80 (c) Trade Receivables 110 (d) Cash and Cash Equivalents (20) TOTAL 1,000 80 - 40 1.340 1,100 50 110 180 (100) 1,340 Reference No. : 1. Property, Plant and Equipment: During the year tangible property. Plant and Equipment with a net book value of 80,000 were sold for 60,000. The depreciation charge for the year on all property, plant and equipment held at the end of the year was 1,00,000. 2 Investments : Investment which cost 50.000 were sold during the year for 40,000, 3. Issued Capital : Issued capital at 31st December, 2016 consisted of 3,00,000 equity shares of I each. Another 80,000 shares were issued during the year at a price of 2.25 per share. 4. Revaluation Reserve : Company's property was revalued upwards by 1,00,000 during the year. 5. 10% Debenture: 50,000 of 10% debentures were issued on 1st January, 2017. All interest upto 31st December, 2017 has been paid. 6. Proposed Dividends: The proposed dividends are on company's equity share capital. No interim dividends were paid 7. Reserve and Surplus 2016* *000) 2017 '000) Securities Premium 200 300 Revaluation Reserve 100 200 Accumulated Profit 200 190 500 690 Prepare a Cash Flow Statement for the year ended 31st December, 2017, complying with AS -3