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From the following Balance Sheet of Nishant Ltd. as at 31st March, 2023, calculate 'Cash Flows From Operating Activities'.

Particulars	Note No.	31.3.2023 (₹)	31.3.2022 (₹)
I-Equity and Liabilities:
1. Shareholders' Funds
(a) Share Capital		6,00,000	5,50,000
(b) Reserves and Surplus	1	1,50,000	1,00,000
2. Non-Current Liabilities
(a) Long-term Borrowings	2	1,20,000	85,000
3. Current Liabilities
(a) Trade Payables		89,500	1,02,000
(b) Short-term Provisions	3	25,000	38,500
Total		9,84,500	8,75,500
II-Assets:
1. Non-Current Assets
(a) Fixed Assets
(i) Tangible Assets / Machinery	4	5,35,000	4,25,000
(ii) Intangible Assets	5	20,000	56,000
2. Current Assets
(a) Current Investments		1,20,000	75,000
(b) Inventories		64,500	60,500
(c) Trade Receivables		85,000	71,500
(d) Cash and Cash Equivalents		1,60,000	1,87,500
Total		9,84,500	8,75,500

Notes to Accounts:

Reserves and Surplus (Surplus i.e. Balance in Statement of Profit and Loss): 31.3.23 (1,50,000); 31.3.22 (1,00,000).
Long-term Borrowings (10% Debentures): 31.3.23 (1,20,000); 31.3.22 (85,000).
Short-term Provisions (Provision for Tax): 31.3.23 (25,000); 31.3.22 (38,500).
Tangible Assets (Machinery): 31.3.23 (6,35,000); 31.3.22 (5,00,000). Less: Accumulated Depreciation: 31.3.23 (1,00,000); 31.3.22 (75,000).
Intangible Assets (Goodwill): 31.3.23 (20,000); 31.3.22 (56,000). Additional Information: (i) A piece of machinery costing ₹12,000 on which accumulated depreciation was ₹8,000 was sold for ₹3,000. (ii) Interest paid on 10% Debentures amounted to ₹8,500.

Accountancy > financial-statements-analysis > Cash Flow Statement