FINANCE TEST – 23/06/18

Name:

Given below are the Balance Sheet as of 31st March 2016 and Income Statement for FY16 of a company
IBCF (all values in INR mn)

Answer the following questions:

1) What is the EBITDA for FY16?

2) In FY17, if there is a 15% increase in Sales, 12% increase in COGS, 16% increase in SG&A and 10%
decrease in Gain on Sale of Land over FY16, what is the net impact on PAT?

3) In FY17, by using cash, IBCF has purchased land worth INR 3700mn and cleared INR 3200mn of its
secured loans and INR 1200mn of its unsecured loans. Assuming no other change, find the new
 balance sheet values as of March 31st, 2017:

Total non-current liabilities :

Total Assets :

Total Current Assets :

Accounts payable :

Given below is the Balance Sheet of a company Finscience as of 31st March 2017

Liability Side( in INR) Asset Side(in INR)

Accounts Payable ? Cash + Marketable securities ?
Notes Payable 8,00,000 Accounts receivable 22,45,000
Accrued Taxes 42,000 Inventories 7,35,500
Total Current Liabilities 10,42,000 Prepaid expenses 20,000
Total Current assets ?
Long term Debt ?
Owner’s equity 28,00,000 Fixed assets 15,41,500

Total Liabilities and equities 47,42,000 Total Assets ?

Find the missing items:

1) Accounts payable : ________________

2) Long term debt : ________________

3) Total current assets : ________________

4) Cash + Marketable securities : ________________

5) The company had a revenue of INR 30,00,000 and a profit of INR 3,00,000 in FY17. Due to the exit of
a competitor from the market, the company got significant pricing power in FY18 resulting in an
increase of 10% in product prices. All the costs in FY18 would be same as FY17 and all the profits
would be retained by the company. What are the two balance sheet items that would change and
what is the percentage of change? (Assume no other change)
In FY17, XYZ company has sold 20,000 mobiles at an average price of INR 10,000. Cost of raw materials,
direct labor and other direct manufacturing costs was 50% of revenues. Marketing expenses were 5% of
revenues, administrative costs were 10% of revenues, rental costs were 5% of revenues and other
general expenses were 5% of revenues. The manufacturing plant runs on huge machinery and the
company had a depreciation expense of INR 10,000,000. The company had an outstanding debt of INR
30,000,000 as of March 31st, 2016 and had to pay an interest of 10% on debt in FY17. Corporate tax rate
is 30%. Find the below P&L values for FY17:

1) COGS :

2) Interest expense :

3) Gross Profit :

4) Depreciation :

5) EBITDA :

6) EBIT :

7) SG&A :

8) PBT :

9) PAT :