Assets Mar-12 Adj.

Mar-13 Liabilities & OE

Current Assets Current Liabilities

Cash and Bank 460 13,595 Accounts Payable
Accounts Receivable 2,200 2,090 1,800 1,710 Comission Payable (Dir.)
Less: PFDD -110 -90 Dividend Payable
Inventories 7,650 Interest Accrued but not due (Deb)
Raw Materials 1,700 2,400 Factory Wages payable
Work IN Progress 2,600 1800 Provision for Tax (2011-12)
Finished Goods 3,350 4200 Interest Accrued on Bond
Prepaid wages - 400 Provision for Tax (2012-13)
Prepaid rent (HO) 300 400 Non Current Liabilities
Advance Income Tax (2012-13) 2650 Long term loans from banks (12%)
Advance Income Tax (2011-12) 2,500 -2,500 - 10%, Debentures
Advance Excise Duty 325 275 Bond
Prepaid Insurance (Factory) 600 300

Fixed Assets 8,940.0 7,245 Equity and SH Funds

Share Capital (170,000; FV of 5)
Other Non Current Assets
Capital WIP 535 20 555 Share Premium
Investments in subsidaries 250 150 400 General Reserves
Investment in Non subsidiary 150 -150 - Balance in Profit and Loss Account

Preliminary Expenses Not w/off 1,200 -200 1,000

Total Assets 25,000 36,930 Total Liabilities

Fixed assets Depreciation during the year

Machinery 4,000 4,000
Less: Acc Depreciation -800 3,200.0 -1,200 2,800 400
Building 6,000 6,000
Less: Acc Depreciation -1,200 4,800.0 -2,400 3,600 1,200
Car (HC used by Directors) 800 -
Less: Acc Depreciation -160 640.0 - 40
Building (HO) - 200
Less: Acc Depreciation - -5 195 5
Land - - 500 500
Patents (rel to mfg) 600 600
Less: Acc Amortization -300 300.0 -450 150 150
Total 8,940 7,245 1,795
 Mar-12 Adj. Mar-13 Income Statement Total Cash flows
Revenue PBT
Sales during the year 72,250 Add/less:non operating
4,650 6,150 Excise duty -1,650
200 100 Net Sales 70,600 Dividend received
325 426 Operating income Profit on sale of non-sub. Co.
125 125 Commission received (add TDS) 450 Interest payment (loan)
800 0 Non- Operating income Interest payment (debenture)
2,200 -2,200 - Profit on sale of non-sub. Co. 30 Interest payment (bond)
- 10 10 Dividend received 20 Loss on sale of honda city
- 2400 Total revenue 71,100
Add/less:non cash
3,000 0 3,000 Expenses Bad debts provision
5,000 0 5,000 COGS 23,840 Depreciation
- 500 500 Traded goods sold 15,150 Preliminary exp w/off
Abnormal loss of inventory 260
Power and fuel 1,600 Changes in NWC
Factory wages 3,000 Account receivable
850 2 852 Salary paid to directors 1,800 Inventory
Selling and adv exp 1,800 Prepaid rent
1,850 188 2,038 Bank charges 50 Prepaid insurance
1,800 330 2,130 Cash discount 350 Factory wages
4,200 9,999 14,199 Rent expenses 4,200 Account payable
Insurance exp 2,100 Commission payable
Commission to directors 500 Adv excise duty
Depreciation 1,795
Bad debts provision 230 Taxes paid
25,000 36,930 Preliminary exp w/off 200
- - Interest payment (loan) 360 CFO
Interest payment (debenture) 500
Interest payment (bond) 10 CFI
uring the year Loss on sale of honda city 100 Sale of Car
Total expenses 57,845 Sale of Non sub co
10% PBIT 14,075 Purchase of Investments
EBITDA 15,870 Profit before tax 13,255 Dividend received
20% Taxes CWIP
<< sold in Sep 12 Prior period 100 CFI
10% Current 2,400
<< trf in Jan 13 Profit for the year 10,755 CFF
10% Interests - bank
Interests - deb
Interests - bond
25% Share issue
Dividend paid
CFF

Cash flows
Opening bal
Closing bal
 WN
13255
Account receivable Prepaid Insurance Sale of invt in non-subsi com
Opening 2,200 Opening 600 Cost
-20 Add: Credit Sales 72,250 Less: Expense -2,100 Sales price
-30 Less: Receipts -72,000 Add: Payment 1,800 Profit/(loss)
360 Less: Actual Bad Debts -300 Closing 300
500 Less: Cash Discount -350 Sale of honda city car
10 Closing 1,800 Cost
100 Sales price
Prov for doubtful debts Fac. wages pay/(rec.) Profit/(loss)
Opening 110 Opening 800
230 Add: Provision 230 Less: Expense 3,000
1795 Add: Bad Debt Rec. 50 Add: Payment -4,200 Commision payable (Dir.)
200 Less: Actual Bad Debts -300 Closing -400 Opening
Closing 90 Add: during the year exp
Less: payment
150 Accounts payable - RM Prepaid rent Closing
-750 Opening 4,650 Opening 300
-100 Add: Credit Purchases 24,000 Less: Expense -4,200
300 Less: Payment -22,500 Add: Payment 4,300 Dividend payable
-1,200 Closing 6,150 Closing 400 Opening
1,500 Add decl
-100 Advance tax paid (2012-13) Less payment
50 Opening - Cl
Add: Payment 2,600
-2,450.0 Add: TDS 50
Closing 2,650
13800
Taxes (2011-12)
Advance tax 2,500 << payment
500 PFT 2,200 << expense book
180 Assesment 2,300 << final liability
-150 Impacts
20 Refund 200 << Cash flow
-220 Additional exp 100 << PnL - prior period
330

-360
-500
0
190
-325
-995

13,135
460
13,595
in non-subsi com Raw materials
150 Opening 1,700
180 Add; purch 24,000
30 Less; closing -2,400
Less; abnormal -260
honda city car Less; prmotions
600 COGS 23,040
500
-100 Traded goods
Opening 3,350
Add: purchase 16,000
n payable (Dir.) Less: Closing -4,200
200 Consumed/Sold 15,150
500
-600 Work in progress
100 Opening 2,600
Less: Closing -1,800
Change in WIP 800
end payable
325
426
-325
426
Operating revenue 70600 Revenue 1000
COGS -47440 Costs 700
GP 23160 32.80% GP 300 30.00%
S&D 2380 Other costs 100 50
Gen & Admin 7105 Depreciaiton 50 20
Operating profit 13675 PBIT 150 15.00% 30
Non op income 500 Int 30
14175 PBT 120 12.00%
Tax 20
PAT 100 10.00%

EBITDA 200 20.00%

Sales 10 10 10
Variable 8 8 8
Contribution/unit 2 2 2
Total units 10000 10000 10000
Total contri 20000 20000 20000
Fixed expense 6000 8000 10000
PBIT 14000 12000 10000
Interest 2000 3000 4000
PBT 12000 9000 6000

Leverage operating << rent, salary

financial << loans

DOL 1.429 1.667 2.000

DFL 1.167 1.333 1.667
5.00%
2.00%
3.00% PBIT 1000
Int 100 << income of loans 100
PBT 900
Tax 90
PAT 810 << income of share h 900
Interest 90 100 interest pay
10 tax savings
90

Capital employed
income of Sh + Loans
1000