Surat Company

Balance Sheet December 31, 2004

Amount in Rs.
ASSETS
Non-current Assets
Property, plant and equipment 13,000
Non-current investment 1,800
Current Assets
Inventories 15,000
Trade receivables 9,200
Cash and cash equvilents 1,000
Total assets 40,000
EQUITY AND LIABILITIES
Equity
Equity share capital 9,500
Other equity 6,500
Liabilities e 16000
Non-current liabilities l 24000
Long-term borrowings 3,000 21,000
Current liabilities
Short-term borrowings 7,000
Trade payables 14,000
Total equity and liabilities 40,000

Grace Corporation
Statement of Profit and Loss for the year ended 31
December 2004
Amount in Rs.
Net Sales 92,000
Cost of goods sold 78,200
Gross profit 13,800
Selling and administrative expenses 1,300
PBIT 12,500
Interest expense 1,350
PBT 11,150
Income tax 5,575
PAT 5,575