From the following information and extracts of Balance Sheets of Pioneer Ltd. as at 31st March, 2017 and 31st March 2018, calculate for the year 2017-18.
(i) Cash from Operating Activities
(ii) Cash from Investing Activities
Note: Proposed dividends for the years 2016-17 and 2017-18 were Rs 40,000 and RS 50,000 respectively.
Additional Information:
During the year 2017-18 :
(a) The company provided depreciation on Plant and Machinery amounting to Rs 24.000.
(b) A machine had been condemned and scrapped.
(c) Interest of Rs 12,000 paid on Debentures.
(d) Tax paid Rs 50,000.
(e) Patents worth Rs 30.000 were written off while some patents were sold for Rs 75,000 at a profit of Rs 5.000. No new patents were purchased.
(f) Dividend proposed in 2016-17 was approved by the shareholders and paid by the company.
