Given below are Gomen company’s statement of profit and loss for the year ended March 31, 2010, and balance sheet on March 31, 2010, and 2011. You are required to calculate the cash flow statement for the year 2011.
|
GOMEN COMPANY Statement of Profit and Loss For the year ended March 31, 2011 |
|
|
Sales |
97300 |
|
Gain on sale of investments |
400 |
|
Interest income |
800 |
|
98500 |
|
|
COGS |
68500 |
|
Depreciation |
7600 |
|
Selling and administration expenses |
5300 |
|
Interest exp |
1800 |
|
Loss on sale of plant and machinery |
900 |
|
84100 |
|
|
EBIT |
14400 |
|
Income Tax |
6700 |
|
PAT |
7700 |
|
GOMEN COMPANY Balance Sheet at the end of March 31 |
||
|
2010 |
2011 |
|
|
Equity and Liabilities |
||
|
Shareholder’s funds Share capital Reserve and Surplus |
25000 11800 |
17500 8600 |
|
Non-Current Liabilities Long-term borrowings |
12000 |
12000 |
|
Current Liabilities Trade payables Short-term provisions: Income Tax payables |
22700 600 |
20900 700 |
|
Total |
72100 |
59700 |
|
Assets |
||
|
Fixed Assets Plant and Machinery Less Accumulated Depreciation Net Fixed Assets |
41600 9400 32200 |
32700 7500 25200 |
|
Current Assets Current investments Inventories Trade receivables Cash and cash equivalents Short-term loans and advances: Pre-paid exp. |
2800 10600 20900 4400 1200 |
4300 4900 15600 7000 1400 |
|
Intangible Assets: Patent |
0 |
1300 |
|
Total |
72100 |
59700 |
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