Q2. Bharti Airtel Company's its balance sheet as at October 31, 2015 and 2014 statement of profit and loss for the year ended October 31, 2015 are as follows: Bharti Airtel Company Balance Sheet, October 31, 2015 2015 2014 Assets Non-current assets Property, Plant and equipment, at cost Deduct Accumulated depreciation Property plant and Equipment net 89500 68600 41900 37600 47600 31000 Non-current investments Current Assets Inventories I 21300 16400 Financial Assets Trade receivables (net allowance for credit losses Rs.2900, 9800 4300 Rs.1800) Cash and Cash equivalents 1200 3800 Other current assets: Prepaid expenses 2400 1500 Total assets 87800 71600 Equity and Liabilities Equity Equity share capital Other Equity 49000 41000 12600 9700 Liabilities Non-current liabilities Financial liabilities Borrowings 9500 14200 Bills Payable 5500 0 Current liabilities Financial Liabilities Trade payables 10300 4800 Current Tax liabilities 900 1900 Total equity and liabilities 87800 71600 Sales Dividend income Interest Income Gain on sale of plant Total income Expenses Cost of goods sold Finance costs Bharti Airtel Company Statement of Profit and Loss For the year ended October 31, 2015 Selling and administrative expenses Loss on sale of investments Total expenses Profit/Loss before tax Tax expense Profit/Loss for the period 92700 1800 1200 2300 98000 75100 2200 14500 1400 93200 4800 1900 2900 Additional Information: a) Property, plant and equipment include land, Rs. 7500 in 2015 and 2014. Land is not depreciated. b) Purchased machinery for cash, Rs.19900. c) Sold a plant, Rs. 5000 (cost, Rs.4500; accumulated depreciation, Rs. 1800). d) Purchased machinery on long-term credit, Rs. 5500. e) Purchased investments, Rs.1900. f) Sold investments, Rs. 9600 (cost, Rs.11000). g) Redeemed debentures, Rs. 4700. h) Issued at par equity shares, Rs. 8000. i) Wrote off Rs. 2100 of trade receivables and recognized bad debt expense of Rs. 3200, included in selling and administrative expenses. j) Cost of goods sold includes depreciation of Rs. 6100. Required: Present the statement of cash flows using the indirect method. I