Consolidated Statement of Assets and Liabilities Rs.

Crores
As at As at
Particulars 31.03.2020 31.03.2019 YOY %
Audited Audited
ASSETS

(1) Non-Current Assets

(a) Property, Plant and Equipment 8,841.27 6,769.77 30.60%
(b) Capital Work-in-Progress 1,740.94 1,403.47 24.05%
(c) Other Intangible Assets 28.49 16.23 75.54%
(d) Financial Assets
(i) Investments 5.58 1,057.00 -99.47%
(ii) Loans 12.25 0.36 3302.78%
(iii) Other financial assets 96.67 88.05 9.79%
(e) Non Current Tax Asset(Net) 232.22 207.44 11.95%
(f) Deferred Tax Asset(Net) - 0.06 100.00%
(g) Other non-current assets 333.88 435.08 -23.26%

(2) Current Assets

(a) Inventories 2,905.18 2,993.20 -2.94%
(b) Financial Assets
(i) Investments 1,513.75 2,797.68 -45.89%
(ii) Trade Receivables 2,299.40 2,382.71 -3.50%
(iii) Cash and cash Equivalents 1,178.52 101.95 1055.98%
(iv)Bank balances other than Cash and Cash Equivalents 2.62 2.55 2.75%
(v) Loans 2.89 0.61 373.77%
(vi) Other financial assets 52.58 34.92 50.57%
(c) Other current assets 196.1 149.98 30.75%
(d) Assets Classified as held for Sale - 0.2 100.00%
TOTAL ASSETS 19,442.34 18,441.26 5.43%

EQUITY AND LIABILITIES

Equity
(a) Equity Share Capital 4.24 4.24 0.00%
(b) Other Equity 12,210.47 10,833.11 12.71%
Non Controlling Interest 0.13 0.12 8.33%
Total Equity 12,214.84 10,837.47 12.71%

Liabilities
(1) Non-Current Liabilities
(a) Financial Liabilities
(i) Borrowings 779.03 1,054.73 -26.14%
(ii) Other Financial Liabilities 327.48 -
(b) Provisions 189.72 168.11 12.85%
(c) Deferred Tax Liabilities (Net) 428.86 840.2 -48.96%
(d) Other non-current liabilities 250.17 76.32 227.79%

(2) Current Liabilities

(a) Financial Liabilities
(i) Borrowings 731.03 1,047.66 -30.22%
(ii) Trade Payables:
(A) total outstanding dues of micro enterprises and Small enterprises and 17.02 17.02 0.00%
(B) total outstanding dues of creditors other than micro enterprises and Small
enterprises 1,888.32 1,688.13 11.86%
(iii) Other Financial Liabilities 732.39 763.32 -4.05%
(b) Other Current Liabilities 1,727.14 1,783.82 -3.18%
(c) Provisions 153.53 153.53 0.00%
(d) Current Tax Liabilities (Net) 2.81 10.77 -73.91%
Total Liabilities 7,227.50 7,603.79 -4.95%

TOTAL EQUITY AND LIABILITIES 19,442.34 18,441.26 5.43%

ASSETS

 Assets has increased by 30.60%, work-in-progress and other intangible asstes has been
increased.
 There has been drastic reduction in non current investments from 1057cr to only 5.58cr which is
a area of concern. Also non-current assets has been decreased by -23.26%.
 Inventory ,debtors , investments has declined
 Cash and cash equivalents has been increased by around 1000cr which is massive.
 At the end total assets has been increased by 5.43%.

Equity and liability

 Reserves of the company has been increased by 13.82% while other reserves has decreased by
-140.56% which is a part of other equity.
 Secured loans has seen a drastic reduction by -26.14% which is a good sign for the company
 Deferred tax liab has seen a drastic reduction by around 49%
 But due to the reduction in secured loans and deferred tax liab the other non current liab has
been increased by around 227% which is quite increase.
 Trade payables has seen a rise by 11.86%.
 Current liab, short term borrowings, short term provisions has been reduced which is a good
sign and company is paying its debt frequently then accepted.
Conclusion:

At the end after analyzing MRF balance sheet I would comment that company is trying to reduce their
liabilities whether long term or short term by reducing there current investments and keeping there
money liquid so that they can tackle any situation.

Also I think company wants to be debt free in the coming few years.