Required Cash Flow Statement for the Year 2006

"income statement for the year ended 31 Dec. 2006
RS.
turnover .2553
cost of sale 1814
gross profit 739
distribution cost 125
administration expense 264
operating profit 350
interest receive 25
interest paid 75
profit after tax 300
taxation 140
profit after tax 160
dividends 100
retainend profit for the year 60



balance sheet at 31st december 2006 and 31st december 2005
ASSETS 2006 2005

NON CURRENT ASSETS
tangible assets 350 305
intangible assets 280 200
investment - 25
CURRENT ASSETS
inventories 140 92
debtor 400 325
short term investment 50 -
cash in hand 2 1
1222 948

LIABILITIES
share capital 200 150
share premium 160 150
revaluation reserve 100 91
NON CURRENT LIABILITIES
long term loan 170 50
CURRENT LIABILITIES
trade payable 127 119
bank overdraft 85 98
taxation 120 110
dividend proposed 1000 80
1222 948

the following information is available
(a) the process of the sale on non-current assets investment amounted to Rs.30,000
(b)fixture & fittings with original cost of Rs.85000 and a net book value of Rs.45000 were sold for Rs.32000 during tha year
(c)the following information relates to tangible non current assets
2006 2005

cost 690 595
acc.depreciation 340 290
350 305

Anam searf from Pakistan

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Vinod Kumar

Educator

Prof. Vinod Kumar is an Indian Educator, Motivational Speaker, Naturopathic Practitioner and Entrepreneur . He is the founder of Svtuition... read more »

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