Linked PYQ
(a) The Balance Sheets of S.K. Ltd. as at 31.3.2014 and 31.3.2015 are as under: Liabilities (31.3.2014 / 31.3.2015 Rs.): Equity Share Capital 75,00,000 / 1,02,50,000; General Reserve 42,50,000 / 50,00,000; Profit and Loss Account 15,00,000 / 18,75,000; 13% Debentures of Rs.100 each 58,00,000 / 43,50,000; Current Liabilities 30,00,000 / 32,50,000; Proposed Dividend 7,50,000 / 9,10,000; Provision for Income Tax 22,50,000 / 24,75,000. Total 2,50,50,000 / 2,81,10,000. Assets (31.3.2014 / 31.3.2015 Rs.): Goodwill 10,00,000 / 7,75,000; Land and Building 68,00,000 / 61,20,000; Plant and Machinery 75,12,000 / 1,07,95,000; Investment 25,00,000 / 21,25,000; Stock 33,00,000 / 27,50,000; Debtors 24,45,000 / 36,20,000; Cash and Bank 14,93,000 / 19,25,000. Total 2,50,50,000 / 2,81,10,000. Additional information: (i) During the financial year 2014-15 the company issued equity shares at par. (ii) Debentures were redeemed on 1.4.2014 at a premium of 10%. (iii) Some investments were sold at a profit of Rs.75,000 and the profit was credited to General Reserve Account. (iv) During the year, an old machine costing Rs.23,50,000 was sold for Rs.6,25,000. Its written down value was Rs.8,00,000. (v) Depreciation is to be provided on plant and machinery at 20% on the opening balance. (vi) There was no purchase or sale of land and building. (vii) Provision for tax made during the year was Rs.4,50,000. You are required to prepare a Cash Flow Statement for the year ended 31.3.2015.