Prepare cash flow statements as per AS-3 from the following balance sheet of Lupin Ltd. and additional information. PARTICULARS NOTE NO. 31.03.2023 (₹) 31.03.2022 (₹) I. EQUITY & LIABILITIES 1. Shareholders’ Funds (a) Share Capital (b) Reserves & Surplus 2. Non-Current Liabilities Long-term borrowings (10% Debentures) 3. Current Liabilities (a) Short-term borrowings (bank overdraft) (b) Trade payables (c) Short-term provisions (provision for tax) 1 50,000 3,700 6,500 6,800 11,000 10,000 40,000 3,000 6,000 12,500 12,000 8,000 TOTAL 88,000 81,500 6 I. ASSETS 1. Non-Current Assets (a) Property, Plant and Equipment and Intangible Assets (i) Property, Plant & Equipment 2. Current Assets (a) Inventories (b) Trade Receivables (c) Cash & Cash Equivalents (d) Short-term loans and advances 2 25,000 35,000 24,000 3,500 500 30,000 30,000 20,000 1,200 300 TOTAL 88,000 81,500 Notes to Accounts: PARTICULARS 31.03.2023 (₹) 31.03.2022 (₹) 1. Reserve and Surplus: Statement of Profit & Loss General Reserve 1,300 2,400 1,000 2,000 3,700 3,000 2. Property, Plant & Equipment Machinery Less: Accumulated Depreciation 40,000 (15,000) 41,000 (11,000) 25,000 30,000 Additional Information: (i) Additional 10% Debentures were issued on 31.03.2023. (ii) Proposed dividend for the year 2021-22 and 2022-23 were ₹2,500 and ₹3,000

To prepare the cash flow statement as per AS-3, we need to analyze the balance sheet of Lupin Ltd. and consider the additional information provided.

Step 1: Identify the Equity & Liabilities:

• Shareholders' Funds:
  • Share Capital: ₹50,000 (as of 31.03.2023) and ₹40,000 (as of 31.03.2022)
  • Reserves & Surplus: ₹3,700 (as of 31.03.2023) and ₹3,000 (as of 31.03.2022)
• Non-Current Liabilities:
  • Long-term borrowings (10% Debentures): ₹6,500 (as of 31.03.2023) and ₹6,000 (as of 31.03.2022)
• Current Liabilities:
  • Short-term borrowings (bank overdraft): ₹6,800 (as of 31.03.2023) and ₹12,500 (as of 31.03.2022)
  • Trade payables: ₹11,000 (as of 31.03.2023) and ₹12,000 (as of 31.03.2022)
  • Short-term provisions (provision for tax): ₹10,000 (as of 31.03.2023) and ₹8,000 (as of 31.03.2022)

Step 2: Identify the Assets:

• Non-Current Assets:
  • Property, Plant and Equipment and Intangible Assets:
    • Property, Plant & Equipment: ₹25,000 (as of 31.03.2023) and ₹30,000 (as of 31.03.2022)
• Current Assets:
  • Inventories: ₹35,000 (as of 31.03.2023) and ₹30,000 (as of 31.03.2022)
  • Trade Receivables: ₹24,000 (as of 31.03.2023) and ₹30,000 (as of 31.03.2022)
  • Cash & Cash Equivalents: ₹3,500 (as of 31.03.2023) and ₹20,000 (as of 31.03.2022)
  • Short-term loans and advances: ₹500 (as of 31.03.2023) and ₹1,200 (as of 31.03.2022)

Step 3: Consider the Notes to Accounts:

• Reserve and Surplus:
  • General Reserve: ₹1,300 (as of 31.03.2023) and ₹1,000 (as of 31.03.2022)
• Property, Plant & Equipment:
  • Machinery: ₹40,000 (as of 31.03.2023) and ₹41,000 (as of 31.03.2022)
  • Less: Accumulated Depreciation: ₹15,000 (as of 31.03.2023) and ₹11,000 (as of 31.03.2022)

Step 4: Consider the Additional Information:

• Additional 10% Debentures were issued on 31.03.2023.
• Proposed dividend for the year 2021-22 and 2022-23 were ₹2,500 and ₹3,000.

Using this information, we can now prepare the cash flow statement as per AS-3.