Q. From the following particulars of Bharat Gas Limited, calculate Cash Flows from Investing Activities. Also, show the workings clearly preparing the ledger accounts:
| Balance Sheet of Bharat Gas Ltd. as on 31 Mar. 2016 and 31 Mar. 2017 |
| Particulars |
Note No. |
Figures as the end of 2017
(Rs) |
Figures as at the
end of reporting 2016
(Rs) |
| II) Assets |
|
|
|
|
1. Non-current Assets
|
|
|
|
|
a) Fixed assets
|
|
|
|
|
i) Tangible assets
|
1 |
12,40,000 |
10,20,000 |
|
ii) Intangible assets
|
2 |
4,60,000 |
3,80,000 |
|
b) Non-current investments
|
3 |
3,60,000 |
2,60,000 |
| Notes |
1 |
Tangible assets = Machinery |
| |
2 |
Intangible assets = Patents |
Notes
| |
Figures of current year |
Figures of previous year |
| |
|
|
| 1. Tangible Assets |
|
|
|
Machinery
|
12,40,000 |
10,20,000 |
| 2. Intangible Assets |
|
|
|
Goodwill
|
3,00,000 |
1,00,000 |
|
Patents
|
1,60,000 |
2,80,000 |
| |
4,60,000 |
3,80,000 |
| 3. Non-current Investments |
|
|
|
10% long term investments
|
1,60,000 |
60,000 |
|
Investment in land
|
1,00,000 |
1,00,000 |
|
Shares of Amartex Ltd.
|
1,00,000 |
1,00,000 |
| |
3,60,000 |
2,60,000 |
| |
|
|
Additional Information:
(a) Patents were written-off to the extent of Rs. 40,000 and some Patents were sold at a profit of Rs. 20,000.
(b) A Machine costing Rs. 1,40,000 (Depreciation provided thereon Rs. 60,000) was sold for Rs. 50,000. Depreciation charged during the year was Rs. 1,40,000.
(c) On March 31, 2016, 10% Investments were purchased for Rs. 1,80,000 and some Investments were sold at a profit of Rs. 20,000. Interest on Investment was received on March 31, 2017.
(d) Amartax Ltd. paid Dividend @ 10% on its shares.
(e) A plot of Land had been purchased for investment purposes and let out for commercial use and rent received Rs. 30,000.
