SUBJECT NAME : AIRLINE ACCOUNTING AND COST

MANAGEMENT

ASSINMENT 1

COMPANY NAME AIR INDIA

NAMES: B ABITHA
C. SAIPAVAN REDDY
ASHIN RAY BIJU

USN NO 21MBAR0388
21MBAR0380
21MBAR0379

SUBMITTED TO Dr. SHIVAPRASAD.G

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Air India is the flag carrier airline of India, headquartered at New Delhi It is owned by Palace Private
Limited, a Special-Purpose Vehicle (SPV) of Tata Sons, after Air India Limited s former owner,
the Government of India, completed the sale. Air India operates a fleet of Airbus and Boeing aircraft
serving 102 domestic and international destinations. The airline has its hub at Indira Gandhi
International Airport, New Delhi alongside several focus cities across India. Air India is the largest
international carrier out of India with an 18.6% market share. Over 60 international destinations are
served by Air India across four continents. The airline became the 27th member of Star Alliance on 11
July 2014.
The airline was founded by J. R. D. Tata as Tata Airlines in 1932; Tata himself flew its first single-
engine de Havilland Puss Moth, carrying air mail from Karachi Drigh Road Aerodrome to
Bombay's Juhu aerodrome and later continuing to Madras (currently Chennai). After World War II, it
became a public limited company and was renamed as Air India. On 21 February 1960, it took
delivery of its first Boeing 707  named Gauri Shankar and became the first Asian airline to induct a jet
aircraft in its fleet.[13] In 2000–01, attempts were made to privatise Air India and from 2006 onwards, it
suffered losses after its merger with Indian Airlines. Another privatisation attempt was launched in
2017, which concluded with ownership of the airline and associated properties reverting to the Tata’s
in 2022.
Air India also operates flights to domestic and Asian destinations through its subsidiary Air India
Express. Air India's mascot is the  Maharajah (Emperor) and the logo consists of a flying swan with
the wheel of Konark inside it.

ANNUAL REPORT OF 2018-2019

BALANCE SHEET
1. if we look at the non- current assets it was increased by the last year by 15,277.3 crores
2.Also the company operates by all owned flights worth of 255,284.6 cr.
3.investment property of the air India is about of 4,377.7 cr .
4.The grand total of non- current assets of air India by 2019 is 321010.5 cr.
5.Considered Good - Unsecured Considered Doubtful is 145.8 cr.
6.Advances Recoverable loans from Employees is 591.5 cr.
7.The total of current assets by 2019 is 53801.2cr.
8.Assets held for sale by air India by 2019.
a. Properties worth of 68,066.3 cr.
b. Investment in Subsidiary Companies worth of 8,179.4 cr.
c. Advance to Subsidiary Companies worth of 36,915.7 cr.
d. The grand total of the Assets held for sale in 2019 was 36,915.7 cr.
9.The total assets of air India was 519,859.9 cr and it was increased by 3661.9 cr.

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EQUITY AND LIABILITIES:
EQUITY:
a. Authorised 35,000.0 Million Equity Shares of Rs.10 each is of 326,652.1
Liabilities:
 Borrowings - noncurrent is total of 82,999.6 cr and it was decreased from the last year
 Total of non-current liabilities by 2019 is 111,319 cr.
 Total current liabilities by 2019 is 706,259.9 cr.

PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH 2019
 Revenue
o The revenue from Scheduled Traffic Services is 224,005.6 cr and it was increased
when we compare by previous year
o The revenue from Non-Scheduled Traffic Services is about 15,343.6 cr
o Total revenue of air India in the year of 2019 is 255,088.3 cr and this also increased
from the previous year
Expenses:
o other operating expenses is about 131,113.9 cr is increased from 110,099.8 cr.
o employee benefit expenses is about 30,052.3 and it was increased from 29,463.9 from
the last year
o finance cost is about 47,113.0 is increased from the last year from 44,640.9 cr.
o other expenses of the company are 24,550.8 cr.
o The grand total of expenses of the company by 2019 is 349,053.9 cr.
o Contingent Liabilities of the company is about 31,780.4 cr.
(Loss) after Tax for the year the income is less than the expenditures of the company and it is
not being able to pay the tax to the government also by the end of the year and the loss is
(84748.0) cr.
Earnings Per Share:

Particulars For Year ended 31.03.2019

Profit/(Loss) After Tax for the year (Rs in (53,377.4)

Million)

Weighted Average No. of Equity Shares 32,665.210,000

EPS (Rs. per Share) (Basic) (2.90)

EPS (Rs. per Share) (Diluted) (2.90)

o As we look the equity per share is in negative but also the performance id improved
than the previous year but the income revenue is less than needed

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 Also the other expense is more and that should be reduced to increase the income of the
company

Annual report of 2019-2020

BALANCE SHEET:
1. if we look at the non- current assets it was increased by the last year by 199050.1 cores
2. Also the company operates by all owned flights worth of 202,725.4 cr.
3. investment property of the air India is about of 4,375.7cr.
4. The grand total of non- current assets of air India by 2020 is 513,978.9cr.
5. Considered Good - Unsecured Considered Doubtful is 175.5 cr.
6. Advances Recoverable loans from Employees is 563.1 cr.
7. The total of current asserts by 2020 is 53,392.2 cr.
8. Assets held for sale by air India by 2020
a. Properties worth of 70,583.2cr,
b. Investment in Subsidiary Companies worth of 8,179.4 cr.
c. Advance to Subsidiary Companies worth of 35,437.0
d. The grand total of the Assets held for sale in 2020 was 150,052.
9. The total assets of air India was 717,424.0 and it was increased by 193689.4

EQUITY AND LIABILITIES:

EQUITY:
b. Authorised 35,000.0 Million Equity Shares of Rs.10 each is of 326,652.1
Liabilities:
 Borrowings - noncurrent is total of 55,118.4cr and it was decreased from the last year
 Total of non-current liabilities by 2020 is 277,556.4cr.
 Total current liabilities by 202o is 717,424.0cr.

PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH 2020
 Revenue
o The revenue from Scheduled Traffic Services is 243,032.7 and it was increased when
we compare by previous year
o The revenue from Non-Scheduled Traffic Services is about 17,159.1
o Total revenue of air India in the year of 2020 is 277,106.1 and this also increased from
the previous year
Expenses:
o other operating expenses is about 105,140.0 is reduced from 131,113.9 cr.
o employee benefit expenses is about 32,253.7 and it was increased from 30,052.3 from
the last year

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 o finance cost is about 39,192.6 is reduced from the last year from 47,113.0 cr.
o other expenses of the company are 1,970.6 cr.
o The grand total of expenses of the company by 2020 is 362,901.7 cr.
o Contingent Liabilities of the company is about 35,575.5 cr.
(Loss) after Tax for the year the income is less than the expenditures of the company and it is
not being able to pay the tax to the government also by the end of the year and the loss is
(79,828.2) cr.
Earnings Per Share:

Particulars For Year ended 31.03.2020

Profit/(Loss) After Tax for the year (Rs in (77,657.3)

Million)

Weighted Average No. of Equity Shares 32,665,210,000

EPS (Rs. per Share) (Basic) (2.38)

EPS (Rs. per Share) (Diluted) (2.38)

o As we look the equity per share is in negative but also the performance id improved
than the previous year but the income revenue is less than needed
o Also the other expense is more and that should be reduced to increase the income of the
company
Annual report of 2020-2021
BALANCE SHEET:
1. if we look at the non- current assets it was decreased by the last year by 58931.7 cores
2. Also the company operates by all owned flights worth of 178,719.3 cr.
3. investment property of the air India is about of 4,373.7cr.
4. The grand total of non- current assets of air India by 2021 is 455047.2 cr.
5. Considered Good - Unsecured Considered Doubtful is 86.3 cr.
6. The total of current asserts by 2021 is 43202.8 cr.
7. Assets held for sale by Air India by 2021
a. Properties worth of 68961.7 cr,
b. Investment in Subsidiary Companies worth of 8179.4cr.
c. Advance to Subsidiary Companies worth of 39722.8 cr
d. The grand total of the Assets held for sale in 2021 was 134922.3
8. The total assets of air India was 6331723 and it was decreased by 84251.7

EQUITY AND LIABILITIES:

Equity:
a. Authorised 35,000.0 Million Equity Shares of Rs.10 each is of 326,652.2
Liabilities:

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  Borrowings - noncurrent is total of 55,110.7 cr and it was further decreased from the
last year
 Total of non-current liabilities by 2021 is 244702.0 cr.
 Total current liabilities by 2021 is 633,172.3 cr.

PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH 2021
 Revenue
o The revenue from Scheduled Traffic Services is 84,076.2 and it was decreased when
we compare by previous year
o The revenue from Non-Scheduled Traffic Services is about 12,152.1
o Total revenue of air India in the year of 2021 is 103,433.0 and this also decreased from
the previous year
 Expenses
o other operating expenses is about 47,748.5 is reduced from 105,140.0 cr.
o employee benefit expenses is about 22,557.1 and it was decreased from 30253.7 from
the last year
o finance cost is about 38,363.7 is reduced from the last year from 39192.6 cr.
o other expenses of the company are 12,282.2 cr.
o The grand total of expenses of the company by 2021 is 190,833.3 cr.
o Contingent Liabilities of the company is about 42783 cr.
(Loss) after Tax for the year the income is less than the expenditures of the company and it is
not being able to pay the tax to the government also by the end of the year and the loss is
(70174.2) cr.

Earnings Per Share:

Particulars For Year ended 31.03.2021

Profit/(Loss) After Tax for the year (Rs in (69,792.8)

Million)

Weighted Average No. of Equity Shares 32,665,214,849

EPS (Rs. per Share) (Basic) (2.15)

EPS (Rs. per Share) (Diluted) (2.15)

o As we look the equity per share is in negative but also the performance id improved
than the previous year but the income revenue is less than needed
o Also the other expense is more and that should be reduced to increase the income of the
company

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