Following is the Balance Sheet of Mevanca Limited as at 31st March, 2017:
Particulars
|
Note No.
|
31st March, 2017
(₹)
|
31st March, 2016
(₹)
|
I. EQUITY AND LIABILITIES
|
|||
1. Shareholders' Funds
|
|||
(a) Share Capital
|
3,00,000
|
1,00,000
|
|
(b) Reserves and Surplus
|
1
|
25,000
|
1,20,000
|
2. Non-Current Liabilities
|
|||
Long-term Borrowings
|
2
|
80,000
|
60,000
|
3. Current Liabilities
|
|||
(a) Trade Payables
|
6,000
|
20,000
|
|
(b) Short-term Provisions
|
3 |
68,000
|
70,000
|
Total
|
4,79,000
|
3,70,000
|
|
II. ASSETS
|
|||
1. Non-Current Assets
|
|||
Fixed Assets
|
4 |
3,36,000
|
1,92,000
|
2. Current Assets
|
|||
(a) Inventories
|
67,000
|
60,000
|
|
(b) Trade Receivables
|
51,000
|
65,000
|
|
(c) Cash and Cash Equivalents
|
25,000
|
49,000
|
|
(d) Other Current Assets
|
…
|
4,000
|
|
Total
|
4,79,000
|
3,70,000
|
|
Notes to Accounts
Particulars
|
31st March, 2017
(₹)
|
31st March, 2016
(₹)
|
1. Reserves and Surplus
|
||
Surplus, i.e., Balance in Statement of Profit and Loss
|
25,000
|
1,20,000
|
25,000
|
1,20,000
|
|
2. Long-term Borrowings
|
||
10% Long-term Loan
|
80,000
|
60,000
|
80,000
|
60,000
|
|
3. Short-term Provisions
|
||
Provision for Tax
|
68,000
|
70,000
|
|
68,000
|
70,000
|
4. Fixed Assets
|
||
Machinery
|
3,84,000
|
2,15,000
|
Accumulated Depreciation
|
(48,000)
|
(23,000)
|
3,36,000
|
1,92,000
|
|
Additional Information:
(i) Additional loan was taken on 1st July, 2016.
(ii) Tax of ₹ 53,000 was paid during the year.
Prepare Cash Flow Statement.