From the following information, prepare a Cash Flow Statement of IPCC (2) Ltd.:

BALANCE SHEETS AS AT...

Particulars

EQUITY AND LIABILITIES (1) Shareholders' Funds

(a) Share Capital

(b) Reserves and Surplus

Non-Current Liabilities

(2) (3) Current Liabilities

[14% Debentures]

Short-term Borrowings (14% Bank Loan) Trade Payables

Other Current Liabilities Short-term Provisions

Total II. ASSETS

(1) Non-Current Assets Tangible Fixed Assets

183A THESIT TO STOW

Accumulated Depreciation Intangible Assets [Goodwill] 10% Non-Current Investments

Other Non-Current Assets

(2) Current Assets

10% Current Investments HONCH Cash & Cash Equivalents

Inventories

Trade Receivables

Total

Note

31.03.2014

31.03.2013

25,000

60,000

85,000

Cr.

00

20.000

30,000

50,000

L

200

000

000

1 2

3

10,50,000 5,72,000

2,60,000

23,57,000

16,50,000

(3,80,000) 21,000

1,60,000

1,000

60,000

1,69,000

3,76,000

10,00,000 2,32,000

1,50,000

50,000

40.000

60,000

1,40,000

16,72,000

13.20.000

(3,00,000)

10,000

60,000

2,000

20,000

54,000

4,06,000

23,57,000 16,72,000 NOTE 1: SHARE CAPITAL

Particulars

Equity Share Capital of t 10 each 5% Preference Share Capital of t 100 each

NOTE 2: RESERVES AND SURPLUS

Particulars

General Reserve

Profit and Loss A/c Securities Premium

Capital Reserve

31.03.2014

8,50,000

10,50,000

31.03.2013

4,00.000

31.03.2014

1,40,000

3,92,000 40,000

5,72,000

31.03.2014

31.03.2013

3,20,000

(1,13,000)

20,000

5,000

2,32,000

NOTE 3: OTHER CURRENT LIABILITIES

Particulars

31.03.2013

60,000

Bank Overdraft Unpaid Dividend

Unpaid Interest on Debentures.

NOTE 4: SHORT-TERM PROVISIONS

Particulars

50,000

20,000

10,000

80,000

60,000

31.03.2014

1,50,000 40,000

1,90,000

31.03.2014

1,000

-

1,000

31.03.2013

1,20,000

20,000

1.40,000

Proposed Dividend Provision for Tax

NOTE 5: OTHER NON-CURRENT ASSETS

Particulars

31.03.2013

Underwriting Commission Preliminary Expenses

Additional Information:

(a) During the year a machine having book value of 80,000 (depreciation thereon 60,000) was sold at a loss of 37.5%.

2,000 2,000

provided

(b) On 01.01.2014, Some Non-Current Investments costing 1,40,000 were purchased and Some Non-Current Investments were sold at a loss of 1/3rd on sale. At the end of the year Some Current investments costing 20,000 were sold at a profit of 25%. Profit/Loss on Investments was adjusted against the Capital Reserve. An Interim Dividend 15% was paid on equity shares on 31.12.2013. New Shares and Debentures were issued on 01.01.2014 and Bank Loan was repaid on the same date

(d) Tax provided during the year was 30,000. Preference Shares were redeemed

at the end of the year at a premium of 5%. (e) On 01.01.2014, the Business of Y Ltd. was purchased for 60,000 payable in fully paid equity shares of 10 each at 20% premium. The assets included Stock * 15,000. Debtors 10,000 and Machine 30,000. Creditors of 15,000 were also taken