The Total solution for NCERT class 6-12
Balance Sheet of Tiger Super Steel Ltd. as at 31st March 2014 and 31st March 2017
Particulars
Note No.
March 31, 2017 (₹)
March 31, 2016 (₹)
I) Equity and Liabilities
1. Shareholders’ Funds
a) Share capital
1
1,40,000
1,20,000
b) Reserves and surplus
2
22,800
15,200
2. Current Liabilities
a) Trade payables
3
21,200
14,000
b) Other current liabilities
4
2,400
3,200
c) Short-term provisions
5
28,400
22,400
Total
2,14,800
1,74,800
II) Assets
1. Non-Current Assets
a) Fixed assets
i) Tangible assets
6
96,400
76,000
ii) Intangible assets
18,800
24,000
b) Non-current investments
4,000
2. Current Assets
a) Inventories
31,200
34,000
b) Trade receivables
43,200
30,000
c) Cash and Cash Equivalents
11,200
6,800
Notesto accounts:
2017
2016
1. Share Capital
Equity share capital
80,000
10% Preference share capital
20,000
40,000
2. Reserves and surplus
General reserve
12,000
8,000
Balance in statement of profit and loss
10,800
7,200
3. Trade payables
Bills payable
4. Other current liabilities
Outstanding expenses
5. Short-term provisions
Provision for taxation
12,800
Proposed dividend
15,600
6. Tangible assets
Land and building
Plant
76,400
36,000
Cash Flow Statement of Tiger Super Steels Ltd
Amount
₹
A.
Cash Flow from Operating Activities
Profit as per the Balance Sheet (10,800 –7,200)
3,600
General Reserve
Proposed Dividend
Provision for Taxation
Net Profit before Taxation and Extraordinary
Items to be added:
Depreciation on Land and Building
Depreciation on Plant
10,000
Goodwill written off
5,200
35,200
Operating Profit before Working Capital changes
71,200
Add:
Increase in Current Liabilities
Bills Payable
Decrease in Current Assets
Inventories
2,800
81,200
Less:
Increase in Current Assets
Trade Receivables
(13,200)
Decrease in Current Liabilities
Outstanding Expenses
(800)
(14,000)
Cash Generated from Operating Activities
67,200
Income Tax paid
(11,200)
Net Cash from Operating Activities
56,000
B.
Cash Flow from Investing Activities
Purchases of Plant
(40,400)
Purchases of Investment
(20,000)
Net Cash used in Investing Activities
(60,400)
C.
Cash Flow from Financing Activities
Issue of Equity Shares
Dividend paid
Redemption of 10% Preference Shares
Net Cash from Financing Activities
8,800
D.
Net Increase in Cash and Cash Equivalent
4,400
Cash and Cash Equivalent in the beginning
E.
Cash and Cash Equivalents at the end
WorkingNotes:
1.
Plant Account
Dr.
Cr.
Date
J.F.
To Balance b/d
By Depreciation
To Bank A/c (Purchases- Balancing figure)
50,400
By Balance c/d
86,400
2.
Net Profit before Tax
Profit and Loss Account
Provision for Tax
16,400