FINANCIAL REPORTING,STATEMENTS AND

Forecasted Final accoun

STATEMENT OF PROFIT AND L
2017 (in Crores)

I Revenue From Operations 55448.46

II Other Income 1985.91
III Total Income (I+II) 57434.37
IV EXPENSES
Cost of materials consumed 11765.56
Purchases of Stock-in-Trade 3566.57
Changes in inventories of finished goods, Stock-in-Trade, work-in- 644.17
progress and intermediates
Excise duty 15359.78
Employee benefits expense 2444.31
Finance costs 22.95
Depreciation and amortization expense 1038.04
Other expenses 7090.03
Total expenses (IV) 41931.41
V Profit before exceptional items and tax (III-IV) 15502.96
VI Exceptional Items 0
VII Profit before tax (V+VI) 15502.96
VIII Tax expense:
Current Tax 5285.65
Deferred Tax 16.41
IX Profit for the year (VII-VIII) 10200.9
Other Comprehensive Income
A (i) Items that will not be reclassified to profit or loss:
– Remeasurements of the defined benefit plans -27.96
– Equity instruments through other comprehensive income 129.95
Effective portion of gains /(losses) on designated portion of hedging -61.19
instruments in a cash flow hedge
(ii) Income tax relating to items that will not be reclassified to profit or 24.22
loss
B (i) Items that will be reclassified to profit or loss:
– Effective portion of gains /(losses) on designated portion of hedging 18.29
instruments in a cash flow hedge
 -6.31
(ii) Income tax relating to items that will be reclassified to profit or loss
X Other Comprehensive Income [A (i-ii)+B (i-ii)] 77
XI Total Comprehensive Income for the year (IX+X) 10277.9
XII Earnings per equity share (Face Value ` 1.00 each):
(1) Basic (in rs) 8.43
(2) Diluted (in rs) 8.38
TATEMENTS AND ANALYSIS ASSIGNMENT

ted Final account of ITC

F PROFIT AND LOSS ACCOUNT
2018 (in Crores) 2019 (in Crores) 2020 (in Crores) 2021 (in Crores) 2022 (in Crores) 2023 (in Crores)

44329.77 45784.39 46807.34 48524.54 50452.954 44182.4952

2129.84 2484.54 3013.66 3250.99 1890.192 2496.4136
46459.61 48268.93 49821 51775.53 52343.146 46678.9088

11756.21 13184.97 13121.76 13605.07 11677.8 12616.506

2991.98 4300.32 4289.71 6896.4 2817.518 3809.7544

1041.85 -180.14 -176.34 -526.86 872.586 343.2688

3702.23 788.74 1187.64 3039.43 10246.622 725.0376

2487.46 2728.44 2658.21 2820.95 2443.068 2626.8804
86.65 34.19 55.72 47.47 45.774 67.6552
1145.37 1311.7 1563.27 1561.83 1030.946 1318.3668
6809.06 7656.55 7822.11 7167.09 7075.534 7297.3712
30020.81 29824.77 30522.08 34611.38 36209.848 28804.8404
16438.8 18444.16 19298.92 17164.15 16133.298 17874.0684
412.9 0 -132.11 0 165.16 188.286
16851.7 18444.16 19166.81 17164.15 16298.458 18062.3544

5599.83 5849.24 4441.97 4035.36 5774.098 5433.1684

28.62 130.6 -411.21 97.15 27.984 -18.4268
11223.25 12464.32 15136.05 13031.64 10496.376 12647.6128

80.83 9.26 -125.09 -30.1 23.428 22.4984

335.1 370.11 -1238.94 252 235.632 54.1896

10.29 -21.05 -1.29 -6.64 -35.48 4.592

-31.61 3.69 9.62 0.49 2.528 -16.0716

-18.69 0.85 -36.24 40.76 -4.484 -17.2252

 6.42 -0.3 10.13 -10.26 0.774 5.6032

382.34 362.56 -1381.81 246.25 222.398 53.5864

11605.59 12826.88 13754.24 13277.89 10718.774 12701.1992

9.22 10.19 12.33 10.59 8.666 10.3408

9.16 10.13 12.31 10.59 8.6 10.29
 Bala

Assets
Non-current assets
(a) Property, Plant and Equipment
(b) Capital work-in-progress
(c) Investment Property
(d) Goodwill
(e) Other Intangible assets
(f) Other Intangible assets under development
(g) Right of use assets
(h) Financial Assets
(i) Investments
(ii) Loans
(iii) Others
(i)Income Tax Assest (Net)
(j) Other non-current assets
Current assets
(a) Inventories
(b) Financial Assets
(i) Investments
(ii) Trade receivables
(iii) Cash and cash equivalents
(iv) Other Bank Balances
(v) Loans
(vi) Others
(c) Other current assets
TOTAL ASSETS
EQUITY AND LIABILITIES
Equity
(a) Equity Share capital
(b) Other Equity
Liabilities
Non-current liabilities
(a) Financial Liabilities
(i) Borrowings
(ii) Lease Liabilities
(iii) Other financial liabilities
(b) Provisions
(c) Deferred tax liabilities (Net)
(d)Other non-current liability
Current liabilities
(a) Financial Liabilities
(i) Trade payables
Total outstanding dues of micro enterprises and small
enterprises
Total outstanding dues of creditors other than micro
enterprises and small enterprises
(ii) Lease Liabilities
(iii) Other financial liabilities
(iv)Borrowings
(b) Other current liabilities
(c) Provisions
(d) Current Tax Liabilities (Net)
TOTAL EQUITY AND LIABILITIES
 Balance Sheet
2019(in 2020(in 2021(in
2017(in Crores) 2018(in Crores) Crores) Crores) Crores)

14469.32 15120 17945.65 18932.57 18489.91

3491.33 5016.85 3391.47 2776.31 3329.97
385.36 376.56
577.2
410.92 445.99 540.75 519.45 2004.32
45.69 8.73 9.89 3.89 3.5
680.17 726.84

8485.51 13493.77 14071.45 13455.59 12950.38

5.84 7.4 6.21 3.31 2.37
99.83 1741.28 2380.49 607.09 72.45
0 18.66 0 0 0
2670.12 2025.63 1883.05 1364.71 1231.62

7863.99 7237.15 7587.24 8038.07 9470.87

10099.78 9903.45 12506.55 17175.02 14046.71

2207.5 2357.01 3646.22 2092 2090.35
156.15 96.03 162.71 561.84 231.25
2591.12 2498.85 3606.02 6281.43 3770.25
3.37 4.15 5.02 4.87 2.77
1004.91 1147.95 1360.29 1505.94 1197.15
610.57 1258.41 694.91 847.74 1006.07
54215.95 62381.31 69797.92 75235.36 71580.54

1214.74 1220.43 1225.86 1229.22 1230.88

44126.22 50179.64 56723.93 62799.94 57773.7
 17.99 11.13 7.89 5.63 5.28
259.25 272.36
9.21 35.36 41.9 90.47 239.35
131.37 121.91 132.64 143.79 157.07
1871.7 1917.94 2044.14 1617.65 1727.73
14.65 38.3

2551.22
29.43 54.32 34.67 59.34

3352.85 3313.96 3412.07 4060.19

64.87 51.36
784.78 778.3 972.94 1147.24 1248.17
0.01 0 0 0 0
3351.15 4656.78 4910.4 4175.91 4369
41.83 39.24 25.24 117.94 169.05
101.08 0 344.7 136.71 217.06
54215.95 62381.31 69797.92 75235.36 71580.54
2022(in 2023(in
Crores) Crores)

14620.74 17112.626
4113.838 4099.1924
385.36 382.426666666667
577.2 577.2
132.234 561.3372
32.184 3.5352
680.17 695.726666666667

10713.028 14273.3544
7.232 6.1396
1218.018 1874.7784
7.464 9.7032
2542.61 1733.018

7236.528 7537.4944

9713.216 12437.0508
2578.478 2775.3984
118.394 211.3912
2521.366 3693.7308
4.132 4.6456
1094.754 1315.1232
807.474 1041.0632
57125.57 68969.912

1216.012 1225.2436
46337.634 56089.8172
 15.768 7.8064
259.25 263.62
-19.82 60.034
122.7 130.42
1953.478 1901.2544

33.928 39.5344

3201.748 3379.3584
64.87 60.3666666666667
727.142 940.1756
0.006 -0.0012
3981.682 4797.0736
12.032 54.8216
86.176 147.9868
57125.57 68969.912
Group Members

Karishma Nayak
Mukunth Narayanan
Akasmika Swain
Baishnabi Mohanty
Ajaya Kumar Sabat
Tapan Gourav Jena

COVID has cut short the profit considerably

in the hotels sector. But cigarette and FMCG
sector has seen profit; ITC is sailing on this
profit. It has planned to invest around 2
billion dollars for crafting its disruptive
business models under the ITC Next
strategy. This is expected to increase its
profitability.
derably
d FMCG
on this
nd 2
ve

e its