From the following Balance Sheet of R Ltd., Prepare a Common Size Statement
Balance Sheet of R Ltd. (as at 31st March, 2020).
Particulars Note
no.
31.3.2020
(`)
31.3.2019
(`)
I EQUITY AND LIABILITIES
1. Shareholder’s Funds:
a. Share Capital 2,50,000 2,00,000
b. Reserve and Surplus 80,000 60,000
2. Current Liabilities:
a. Trade Payable 70,000 40,000
Total 4,00,000 3,00,000
II ASSETS
1. Non-Current Assets:
a. Fixed Assets:
i. Tangible Assets 1,60,000 1,20,000
ii. Intangible Assets 20,000 30,000
2. Current Assets
a. Inventories 80,000 30,000
b. Trade Receivables 1,20,000 1,00,000
c. Cash and Cash Equivalents 20,000 20,000
Total 4,00,000 3,00
Answers
Explanation:
JY Ltd.
Cash Flow Statement for the year ended 31.3.2017
Particulars
Details
Amount
Net profit during year
1,25,000
Add: Provision for tax
1,25,000
Proposed dividend
75,000
2,00,000
Net profit before tax and extra-ordinary items
3,25,000
Adjustment of non-operating and non-cash items:
Add: Accumulated depreciation
62,500
Interest on debenture (WN-1)
15,000
77,500
Operating profit before working capital changes
4,02,500
Add: Increase in current liabilities and decrease in current assets
Less: Decrease in CL and increase in CA
Trade receivables
-50,000
Short term loans and advances
-1,00,000
Cash generated from operation
2,52,500
Less: Income tax
-75,000
A: Cash flow from operating activities
1,77,500
Machinery purchased
-2,12,500
B: Cash used in investing activities
-2,12,500
Proceeds from issue of debenture
1,00,000
Proposed dividend
-,50,000
Interest on debenture
-15,000
Issue of bank loan
50,000
C: Cash flow from financing activities
85,000
Net increase in cash and cash equivalents (A+B+C)
50,000
Add: Opening cash and cash equivalents
75,000
Closing cash and cash equivalents
1,25,000
Working note:
(a) Interest on debenture = 1,50,000 X 10 = Rs. 15,000
100