JALIB INDUSTRIES LTD

Statement of cash flows for the year ended

31st December 2015
Cash flow from Operating Activities All figures in Rs. in million
Profit before tax 191.40
Adjustments for:
Depreciation Adj. (iii) 27.70
(Gain)/ loss on sale of fixed assets 4.60
Gratuity expense Adj. (vi) 15.50
Finance charges 10.50
Operating cash flow before working capital changes 249.70
Adjustment for working capital changes
(Increase)/decrease in current assets
(Increase)/decrease in inventories (80.80)
(Increase)/decrease in trade receivables (3.80)
(Increase)/decrease in advances and other rec. (W-12) 6.00
Increase/(Decrease) in current liabilities
Increase/(decrease) in Creditors, accrued and other liabilities (W-11) 2.80
Working capital changes (75.80)
Cash generated from operations 173.90
Less:
Finance charges paid (W-2) (11.50)
Dividend paid (W-13) (103.40)
Gratuity paid (W-4) (4.40)
Income tax paid (W-5) (106.00)
Net cash from investing activities (A) (51.40)

Cash flow from Investing Activities

Purchase of Property, plant and equipment (W-6) (29.50)
Additions in Capital work in progress (W-7) (27.50)
Sale proceeds from disposal of fixed assets 10.40
Net cash from investing activities (B) (46.60)
Cash flow from Financing Activities
Proceeds from issue of share capital ((W-9) 96 + (W-10) 33) 129.00
Long term loan repaid (W-14) (22.00)
Net cash from financial activities (C) 107.00
Net increase in cash and cash equivalents (A+B+C) 9.00
Add:Cash and cash equivalents at beginning of period (W-1) 3.00
Cash and cash equivalents at end of period (W-1) 12.00

(W-1) Cash and cash equivalents 2015 2014

Cash and Bank 12.00 3.00
12.00 3.00
(W-2) Finance charges
Cash (Bal.) 11.50 b/d 6.00
c/d 5.00 P and L 10.50
 (W-4) Gratuity expense
Cash (Bal.) 4.40 b/d 27.50
c/d 38.60 P and L 15.50
(W-5) Income tax expense
b/d 2.20 P and L 106.80
Cash (Bal.) 106.00 c/d 1.40
(W-6) Plant and machinery book value
b/d 100.60 Depreciation 27.70
CWIP 42.00 Disposal- Book Value 15.00
Cash (Bal.) 29.50 c/d 129.40
(W-7) Capital work in progress
b/d 37.00 Property plant and equipment 42.00
Cash (Bal.) 27.50 c/d 22.50
(W-8) Disposal account
Asset- Book Value 15.00 Cash 10.40
P/L 4.60
(W-9) Share capital
b/d 300.00
c/d 396.00 Cash (Bal.) 96.00
(W-10) Share premium
b/d 12.00
c/d 45.00 Cash (Bal.) 33.00
(W-11) 2015 2014
Creditors, accrued and other liabilities 36.20 34.40
Less: Accrued interest (5.00) (6.00)
31.20 28.40

(W-12) 2015 2014

Advances and other receivables 35.20 42.00
Less: Advance tax (1.40) (2.20)
33.80 39.80

(W-13) Dividend Payable account

Cash (Bal.) 103.40 Opening payable 1.40
Closing payable 3.00 Dividend (W-15) 105.00
(W-14) Loan
Cash (Bal.) 22.00 b/d (100+20) 120.00
c/d (80 + 18) 98.00

(W-15) Retained earnings

Dividend (300 x 35%) 105.00 b/d 163.00
c/d 142.60 Profit after tax 84.60