STATEMENT OF CHANGES IN WORKING CAPITAL

2015-2016
Table-1
Particulars 2015 2016 Changes in WC
Rs. Rs. Rs.

Increase Decrease
Current Assets:

Inventories 8,88,68,774 11,52,02,941 26334167 -

Sundry Debtors 11,23,63,109 17,85,50,027 66186918 -

Cash &Bank 1,24,33,458 7,27,32,900 6029925442 -

Loans& Advances 28,17,26,538 59,86,51,897 316925359 -

Total Current Assets(a) 49,53,91,879 96,51,37,765

Current Liabilities:

Current Liabilities & 23,49,02,360 42,38,38,372

Provisions - 18,89,36,012
23,49,02,360 42,38,38,372
Total current liabilities(b)

Working Capital a-b 26,04,89,519 54,12,99,393

Increase in Working Capital 28,08,09,874 28,08,09,874

54,12,99,393 54,12,99,393 46,97,45,886 46,97,45,886

PENNA CEMENT INDUSTRIES LIMITED

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.12.2016
 Particulars Schedule No. 2015
INCOME
Sales J 385,65,72,118
(Increase/decrease) in Stock K -1,60,57,823
Total Income 384,05,14,295
EXPENDITURE
Manufacturing Expenses L 153,07,01,345
Cost of trading goods ---
Central Excise Duty 69,86,42,442
Sales Tax 55,90,24,763
Administrative and Selling Expenses M 58,82,88,777
Interest and Finance Charges 14,43,46,417
Depreciation 11,88,30,197
Miscellaneous Expenditure Written off E 22,32,340
Total Expenditure 364,20,66,281
Profit for the year F 19,84,48,014
Provision for taxation 152,54,699
G
Profit after Tax 18,31,93,315
Deferred Tax for the year 3,89,50,042
Fringe Benefit Tax for the year -----------
Prior period expenditure
11,56,849
Profit available for appropriations
14,30,86,424
Transfer to General Reserve
-----------
Proposed Dividend
-----------
Tax on Dividend I ------------
Profit brought forward from previous
56,76,50,645
year
Goodwill on Merger written off -1,98,40,834
Profit Carried to Balance Sheet 69,08,96,2351,447
N
 Table-1

Changes In Working Capital

1200000000
1000000000
800000000
2015
600000000
2016
400000000
200000000
0
Total Total Working
Current Current Capital
Assets Liabilities

Sources: we have taken this information from Penna cement, from 2015-2016

Interpretation:

Comparing the year 2015-2016 the current assets increased by 46,97,45,886 rupees

compare the current liabilities 18,89,36,012 as a result working capital increase 28,08,09,874

rupees. There fore short term financial position of The Financial Services limited is good.
 FUNDS FLOW STATEMENT FOR THE YEAR ENDED WITH
31.12.2016
Table-2
Amount Amount
Sources Rs. Uses Rs.

Funds from operations 12,06,57,250 Increase in Working capital 28,08,09,874

Long term loans 85,74,96,949 Purchase of fixed assets 113,41,49,337

Sale of Investments 40,02,17,536

Decrease in Miscellaneous 14,78,511
expenditure
Increase in Deferred tax liability 3,51,08,965

63,78,87,187 63,78,87,187

Sources: we have taken this information from Penna cement, from 2014-2015

Interpretation:

The Financial Services limited take huge amount of Long term loans

through funds from operations and Sale of investments. The Financial Services limited use some

of these funds to purchase fixed assets. The Financial Services limited is also use these funds to

Increase working capital.

STATEMENT OF CHANGES IN WORKING CAPITAL

2016-2017
 Table-3
Particulars 2016 2017 Changes in WC
Rs. Rs. Rs.

Increase Decrease
Current Assets:

Inventories 11,52,02,941 16,15,83,313 4,63,80,372

Sundry Debtors 17,85,50,027 26,56,85,722 8,71,35,695

Cash &Bank 7,27,32,900 4,10,06,192 - 3,17,26,708

Loans& Advances 59,86,51,897 59,81,54,044 - 4,97,853

Total Current Assets(a) 96,51,37,765 106,64,29,271

Current Liabilities:

42,38,38,372 74,94,16,641 - 32,55,78,269

Current Liabilities &
Provisions
42,38,38,372 74,94,16,641
Total current liabilities(b)

Working Capital a-b 54,12,99,393 31,70,12,630

Decrease in Working Capital 22,42,86,763 22,42,86,763

54,12,99,393 54,12,99,393 35,78,02,830 35,78,02,830

Table-3
 Changes in Working Capital

1200000000

1000000000
800000000
nt
m

2016
A

o
u

600000000
2017
400000000

200000000
0
Total Total Working
Current Current Capital
Assets Liabilities

Sources: we have taken this information from Penna cement, from 2016-2017

Interpretation:

Comparing the year 2016-2017 the current assets increased by 10,12,91,506 rupees

compare the current liabilities 32,55,78,269 as a result working capital decrease 22,42,86,763

rupees. There fore short term financial position of The Financial Services limited is not good.
 FUNDS FLOW STATEMENT FOR THE YEAR ENDED WITH
31.12.2017
Table-4
Amount Amount
Sources Rs. Uses Rs.

Funds from operations 16,01,23,732 Redemption of shares 5,40,942

Long term loans 15,15,15,878 Purchase of fixed assets 21,69,98,475

Decrease in Working capital 22,42,86,763 Purchase of Investments 42,03,47,770

Decrease in Miscellaneous 10,76,442

expenditure
Increase in Deferred tax liability 10,08,85,372

63,78,87,187 63,78,87,187

Sources: we have taken this information from Penna cement, from 2016-2017

Interpretation:

The Financial Services limited take huge amount of Long term loans

through funds from operations and Purchase of investments. The Financial Services limited use

some of these funds to purchase fixed assets. The Financial Services limited is also use these

funds to Decrease working capital.

STATEMENT OF CHANGES IN WORKING CAPITAL

 2017-2018
Table-5
Particulars 2017 2018 Changes in WC
Rs. Rs. Rs.

Increase Decrease
Current Assets:

Inventories 16,15,83,313 21,89,56,216 5,73,72,903 -

Sundry Debtors 26,56,85,722 37,09,00434 10,52,14,712 -

Cash & Bank 4,10,06,192 11,21,52,347 7,11,46,155 -

Loans& Advances 59,81,54,044 62,82,93,656 3,01,39,612 -

106,64,29,271 133,03,02,653
Total Current Assets(a)

Current Liabilities:

Current Liabilities & 74,94,16,641 76,05,69,548 - 1,11,52,907

Provisions

74,94,16,641 76,05,69,548
Total current liabilities(b)

31,70,12,630 56,97,33,105
Working capital a-b

Increase in working capital

25,27,20,475 25,27,20,475
56,97,33,105 56,97,33,105 26,38,73,382 26,38,73,382

Table-5
 Changes in Working Capital

1400000000
1200000000
1000000000
800000000 2017
600000000 2018
400000000
200000000
0
Total Total Working
Current Current Capital
Assets Liabilities

Sources: we have taken this information from Penna cement, from 2017-2018.

Interpretation:

Comparing the year 2017-2018 the current assets increased by 26,38,73,382 rupees

compare the current liabilities 1,11,52,907 as a result working capital Increase 25,27,20,475

rupees. There fore short term financial position of The Financial Services limited is good.

FUNDS FLOW STATEMENT FOR THE YEAR ENDED WITH

 31.12.2018
Table-6
Amount Amount
Sources Rs. Uses Rs.

Funds from operations 23,51,80,715 Increase in Working capital 25,27,20,475

Long term loans 27,31,74,976

Decrease in Miscellaneous 2,50,800 Purchase of fixed assets 22,58,55,400

expenditure
Purchase of Investments 4,56,00,000
Increase in Differed tax liability 1,55,69,384

52,41,75,875 52,41,75,875

Sources: we have taken this information from Penna cement, from 2017-2018.

Interpretation:

The Financial Services limited take huge amount of long term loans through funds

from operations and Purchase of investment. The Financial Services limited use some of these

funds to purchase fixed assets. The Financial Services limited is also use these funds to increase

working capital.

STATEMENT OF CHANGES IN WORKING CAPITAL

2018-2019

Table-7
 Particulars 2018 2019 Changes in WC
Rs. Rs. Rs.

Increase Decrease
Current Assets:

Inventories 21,89,56,216 35,30,33,377 13,40,77,161 -

Sundry Debtors 37,09,00434 41,35,39,323 4,26,38,889 -

Cash & Bank 11,21,52,347 11,86,08,237 64,55,890 -

Loans& Advances 56,39,26,687 56,98,39,851 59,13,164 -

126,59,35,684 145,50,20,788
Total Current Assets(a)

Current Liabilities:

Current Liabilities & 69,62,02,579 102,90,32,147 - 33,28,29,568

Provisions

69,62,02,579 102,90,32,147
Total current Liabilities(b)

56,97,33,105 42,59,88,641
Working capital a-b

Decrease in working capital

14,37,44,464 14,37,44,464

56,97,33,105 56,97,33,105 33,28,29,568 33,28,29,568

Table-7
 Changes in Working Capital

1600000000
1400000000
1200000000
1000000000
2018
800000000
2019
600000000
400000000
200000000
0
Total Total Working
Current Current Capital
Assets Liabilities

Sources: we have taken this information from Penna cement, from 2018-2019.

Interpretation: - Comparing the year 2018-2019 the current assets increased by 18,90,85,104

rupees compare the current liabilities 33,28,29,568 as a result working capital Decrease

14,37,44,464 rupees. There fore short term financial position of The Financial Services limited

is not good.
 FUNDS FLOW STATEMENT FOR THE YEAR ENDED WITH
31.12.2019
Table-8
Amount Amount
Sources Rs. Uses Rs.

Funds from operations 99,81,84,829

Purchase of fixed assets 225,80,53,270
Increase in loans 118,07,66,087
Purchase of Investments 3,59,00,000
Decrease in Miscellaneous 89,747
expenditure Proposed Dividend 13,38,00,000

Decrease in Working capital 14,37,44,464

Increase in Deffered tax liability 10,49,68,143

242,77,53,270 242,77,53,270

Sources: we have taken this information from Penna cement, from 2018-2019.

Interpretation:

The Financial Services limited take huge amount of Long term loans through funds from

operations and Purchase of investment. The Financial Services limited use some of these funds

to purchase fixed assets. The Financial Services limited is also use these funds to Decrease

working capital.

PENNA CEMENT INDUSTRIES LIMITED

BALANCE SHEET AS AT 31.3.2016
Particulars Schedule No. 2016
SOURCES OF FUNDS
Share holder’s Funds:
Share Capital A 13,43,40,942
Reserves and Surplus B 89,66,23,798
Loan Funds C
Secured Loans 94,03,76,495
Unsecured Loans 96,39,05,443
Deferred Tax Liability 24,78,34,769
Total 318,30,81,447
APPLICATION OF FUNDS
266,23,57,147
Fixed Assets D
55,57,90,567
Gross Block
Less: Depreciation
Net Block 210,65,66,665

Add: Capital works- in- progress 18,15,99,085

E
INVESTMENTS 228,81,65,665
F
Current Assets, Loans and Advances G
Inventories 35,21,99,400

Sundry debtors 11,52,02,941

Cash and Bank Balances 17,85,50,027

Loans and Advances 7,27,32,900

59, 86,51,897
96,51,37,765

Less: Current Liabilities and provisions 42,38,38,372

H
Miscellaneous Expenditure(to the extent 54,12,99,393

not return of or adjusted) 14,16,989

I
Total 318,30,81,4471,447
PENNA CEMENT INDUSTRIES LIMITED
BALANCE SHEET AS AT 31.3.2017
Particulars Schedule No. 2016
SOURCES OF FUNDS
Share holder’s Funds:
Share Capital A 13,38,00,000
Reserves and Surplus B 105,67,47,530
Loan Funds C
Secured Loans 84,56,73,700
Unsecured Loans 121,84,87,846
Deferred Tax Liability 34,87,20,141
Total 360,34,29,217
APPLICATION OF FUNDS
316,89,56,316
Fixed Assets D
67,98,52,280
Gross Block
Less: Depreciation
Net Block 248,91,04,036

Add: Capital works- in- progress 1,60,60,104

E
INVESTMENTS 250,51,64,140
F
Current Assets, Loans and Advances G
Inventories 78,09,11,900

Sundry debtors 16,15,83,313

Cash and Bank Balances 26,56,85,722

Loans and Advances 4,10,06,192

59,81,54,044
106,64,29,271

Less: Current Liabilities and provisions 74,94,16,641

H
Miscellaneous Expenditure(to the extent 31,70,12,630

not return of or adjusted) 3,40,547

I
Total 360,34,29,217,81,447
PENNA CEMENT INDUSTRIES LIMITED
BALANCE SHEET AS AT 31.3.2018
Particulars Schedule No. 2017
SOURCES OF FUNDS
Share holder’s Funds:
Share Capital A 13,38,00,000
Reserves and Surplus B 129,19,28,245
Loan Funds C
Secured Loans 92,73,53,942
Unsecured Loans 140,99,82,580
Deferred Tax Liability 36,42,89,525
Total 412,73,54,292
APPLICATION OF FUNDS
Fixed Assets D
320,81,62,454
Gross Block
82,53,36,717
Less: Depreciation
238,28,25,737
Net Block
Add: Capital works- in- progress 34,81,93,803
E
273,10,19,540
82,65,11,900
INVESTMENTS F
Current Assets, Loans and Advances
G 21,89,56,216
Inventories
37,09,00,434
Sundry debtors
11,21,52,347
Cash and Bank Balances
56,39,26,687
Loans and Advances
126,59,35,684

Less: Current Liabilities and provisions 69,62,02,579

H
Miscellaneous Expenditure(to the extent 56,97,33,105

not return of or adjusted) I 89,747

412,73,54,292,81,447
Total

PENNA CEMENT INDUSTRIES LIMITED

BALANCE SHEET AS AT 31.3.2019
Particulars Schedule No. 2018
SOURCES OF FUNDS
Share holder’s Funds:
Share Capital A 13,38,00,000
Reserves and Surplus B 215,63,13,074
Loan Funds C
178,57,14,077
Secured Loans
173,23,88,532
Unsecured Loans
46,92,57,668
Deferred Tax Liability
627,74,73,351
Total
APPLICATION OF FUNDS
Fixed Assets D
398,46,31,393
Gross Block
98,12,21,831
Less: Depreciation
300,34,09,562
Net Block
198,56,63,248
Add: Capital works- in- progress E
498,90,72,810

86,24,11,900
INVESTMENTS F
Current Assets, Loans and Advances
G
Inventories 35,30,33,377

Sundry debtors 41,35,39,323

Cash and Bank Balances 11,86,08,237

Loans and Advances 56,98,39,851

145,50,20,788
Less: Current Liabilities and provisions 102,90,32,147
H
Miscellaneous Expenditure(to the extent 42,59,88,641
not return of or adjusted) I ----

Total 627,74,73,35181,447

PENNA CEMENT INDUSTRIES LIMITED

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.12.2016
Particulars Schedule No. 2015
INCOME
Sales J 385,65,72,118
(Increase/decrease) in Stock K -1,60,57,823
Total Income 384,05,14,295
EXPENDITURE
Manufacturing Expenses L 153,07,01,345
Cost of trading goods ---
Central Excise Duty 69,86,42,442
Sales Tax 55,90,24,763
Administrative and Selling Expenses M 58,82,88,777
Interest and Finance Charges 14,43,46,417
Depreciation 11,88,30,197
Miscellaneous Expenditure Written off E 22,32,340
Total Expenditure 364,20,66,281
Profit for the year F 19,84,48,014
Provision for taxation 152,54,699
G
Profit after Tax 18,31,93,315
Deferred Tax for the year 3,89,50,042
Fringe Benefit Tax for the year -----------
Prior period expenditure
11,56,849
Profit available for appropriations
14,30,86,424
Transfer to General Reserve
-----------
Proposed Dividend
-----------
Tax on Dividend I ------------
Profit brought forward from previous
56,76,50,645
year
Goodwill on Merger written off -1,98,40,834
Profit Carried to Balance Sheet 69,08,96,2351,447
N
PENNA CEMENT INDUSTRIES LIMITED
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.12.2017
Particulars Schedule No. 2016
INCOME
Sales J 452,87,19779
(Increase/decrease) in Stock K -98,74,875
Total Income 451,88,44,904
EXPENDITURE
Manufacturing Expenses L 188,52,41,099
Cost of trading goods 32,67,699
Central Excise Duty 81,46,64,469
Sales Tax 62,30,34,491
Administrative and Selling Expenses M 68,09,34,484
Interest and Finance Charges 9,96,49,474
Depreciation 12,47,85,177
Miscellaneous Expenditure Written off E 10,76,442
Total Expenditure 423,26,53,335
Profit for the year F 28,61,91,569
Provision for taxation 2,24,41,139
G
Profit after Tax 26,61,91,569
Deferred Tax for the year 10,08,85,372
Fringe Benefit Tax for the year -------------
Prior period expenditure 27,41,325
Profit available for appropriations 16,01,23,733
Transfer to General Reserve -----------
Proposed Dividend ------------
Tax on Dividend I ------------
Profit brought forward from previous year 69,08,96,235
Goodwill on Merger written off ----------
Profit Carried to Balance Sheet 85,10,19,968447
N
PENNA CEMENT INDUSTRIES LIMITED
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.12.2018
Particulars Schedule No. 2017
INCOME
Sales J 640,97,93,371
(Increase/decrease) in Stock K 2,96,92,824
Total Income 643,94,86,195
EXPENDITURE
Manufacturing Expenses L 241,01,65,622
Cost of trading goods 67,40,11,176
Central Excise Duty 95,80,88,420
Sales Tax 63,36,87,866
Administrative and Selling Expenses M 118,57,25,154
Interest and Finance Charges 9,99,66,070
Depreciation 14,54,84,437
Miscellaneous Expenditure Written off E 2,50,800
Total Expenditure 610,73,79,545
Profit for the year F 33,21,06,650
Provision for taxation 7,51,17,114
G
Profit after Tax 25,69,89,536
Deferred Tax for the year 1,55,69,387
Fringe Benefit Tax for the year 17,33,786
Prior period expenditure 45,05,648
Profit available for appropriations 23,51,80,715
Transfer to General Reserve -----------
Proposed Dividend ------------
Tax on Dividend I ------------
Profit brought forward from previous year 85,10,19,968
Goodwill on Merger written off -------------
Profit Carried to Balance Sheet 108,62,00,683
N
PENNA CEMENT INDUSTRIES LIMITED
PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31.12.2019
Particulars Schedule No. 2018
INCOME
Sales J 914,46,59,562
(Increase/decrease) in Stock K 3,74,11,258
Total Income 918,20,70,820
EXPENDITURE
Manufacturing Expenses L 311,40,33,391
Cost of trading goods 5,55,30,769
Central Excise Duty 114,28,05,092
Sales Tax 94,83,24,696
Administrative and Selling Expenses M 197,79,88,742
Interest and Finance Charges 13,47,58,957
Depreciation 15,59,73,434
Miscellaneous Expenditure Written off E 89,747
Total Expenditure 752,95,04,820
Profit for the year F 165,25,65,992
Provision for taxation 50,76,18,003
G
Profit after Tax 114,49,47,989
Deferred Tax for the year 10,49,68,144
Fringe Benefit Tax for the year 22,35,543
Prior period expenditure 1,68,20,163
Profit available for appropriations 102,09,24,139
Transfer to General Reserve 15,00,00,000
Proposed Dividend 13,38,00,000
Tax on Dividend I 2,27,39,310
Profit brought forward from previous 108,62,00,683
year -----------
Goodwill on Merger written off
N
Profit Carried to Balance Sheet 180,05,85,512