Mittal School of Business Faculty of Business and Arts

Course – Bachelor of Bussiness Adminstration (B.B.A)

Course title – Cost and Management Accounting
Course code – ACC205
Name of faculty member – Dr. Priya Mam
Student Name - Rahul Gupta Reg. no. – 12103868
Section – Q2103 Roll no. – RQ2103A08
Date of allotment - 10.10.2022 Date of submission - 30.10.2022
Academic task no. - 01 Max. marks- 30
Evaluation Parameters –
1. Company profile. ( 5 marks)
2. Comprative balancesheet of allocated company taking three years. ( 5 marks)
3. Common size profit and loss account of allocated company taking three years. ( 5 marks)

Learning outcomes –
I got very pivotal learnings from this academic task like comparative analysis of balance sheet and
common size analysis of profit and loss account.

Declaration –
I declare that this Assignment is my individual work. I have not copied it from any other students’
work or from any other source except where due acknowledgement is made explicitly in the text, nor
has any part been written for me by any other person.

Evaluator’s comments -
General Suggestion for Best part of assignment
observation improvement

Evaluator’s signature and date –

PART – 1
Comapany Profile

SETCO AUTOMOTIVE LIMITED

Setco Automotive Limited is a Public company incorporated on 05 May 1982. It is registered at
Registrar of Companies, Ahmedabad.
Setco Automotive is a premier manufacturer of clutch products for the Automotive and
hydraulic products for Construction Equipment Industry. In addition Setco also
manufactures precision engineering components like complex and deep drawn pressings and
forgings and castings that are machined and heat treated. It is the largest manufacturer of
Premium Quality Lipe brand clutches for commercial vehicles in India. It is a Tier I supplier of
clutches to all the prominent Indian commercial vehicle manufacturers such as Tata Motors, Bharat
Benz, Ashok Leyland, Man India, Mahindra & Mahindra, Volvo – Eicher Commercial Vehicles and
Asia Motor Works amongst others. Setco has all the required global quality certifications such as TS
16949, ISO 14001, OSHAS 18001 and VDA 6.3.
Company has a strategic global footprint with 4 manufacturing facilities, 2 in India, and 1 each in the
UK and USA, with its corporate base in Mumbai, India.
Setco has set up a state of the art R&D centre at Kalol certified by the Department of Scientific and
Industrial Research, Government of India to design, develop and validate full clutch systems. It also
has a research and development centre in UK.
Setco also manufactures clutches for hydraulic products for the construction equipement industry and
precision engineering components like complex and deep drawn pressings forgings and castings that
are machined and heat treated. 
Setco Automotive is the flagship company of The Setco Group which also includes Lavacast Pvt Ltd,
TransStadia Pvt Ltd and its CSR wing, the Setco Foundation.
Vision, Mission and Core values of Setco Actomative Ltd.
Vision
To be a market-leading brand in our chosen sphere of work with quality products and services, cost-
effective manufacturing, state-of-the-art technology and environment-friendly practices, creating
value for our stakeholders.
Mission
To be the preferred clutch of choice in 1 out of 3 commercial vehicles and 1 out of 5 farm tractors
globally.
Core values

 Excellence
 Integrity
 Team Spirit
 Customer Focus
  Environmental Consciousness

Key milestones

1982 - Year of incorporation

1984 - Commercial production

1999-2000 - Crossed Rs.100 million turnover mark

2010-11
• Crossed Rs. 3 billion turnover mark
• Forayed into newer markets in Central Asia, MENA Region, Africa, Latin America and South Asia
2017- 2018
•Launch of clutches for farm equipment (tractor) segment and american market
2019 – 2020
•Foray into farm tractor segment and bs vi clutches

Business of Setco Automotive Ltd.

Products
Management of the Setco Automotive Ltd.

Board of Directors
 1. Harish Sheth, Chairman & Managing Director
2. Udit Sheth, Vice Chairman
3. Urja Shah, Executive Director
4. Arun Arora, Independent Director
5. Ashok Kumar Jha, Independent Director
6. Suhasini Sathe, Independent Director

Major Competitors of Setco Automotive Ltd.

Current Market Net Profit

Sales (Qtr.)
Name Market Price Capitalisation (₹ (Qtr.)
(₹ Crs.)
(₹ per shere) Crs.) (₹ Crs.)

Setco Atomotive Ltd. 11.2 149.82 -173.28 156.74

Bosch Ltd. 15,590 46,040 334 3,544

Samvardhana Motherson
62 42,590 120 1,609
International Ltd.

Uno Minda Ltd. 534 31,045 84 1,519

Motherson Sumi Wiring

87 27,427 126 1,662
India Ltd.

Timken Inddia Ltd. 3,020 22,427 118 699

Setco Automotive Ltd Competitors Analysis | India Infoline

PART – 2
COMPARATIVE BALANCE SHEET ANALYSIS
Comparative Balance Sheet of Setco Automotive Ltd.
 31-Mar INCREASE or DECREASE
PARTICULARS 2020 2021 Absolute % Change
( ₹ in lakh) ( ₹ in lakh) Change (₹)
EQUITY AND LIABLITIES        
         
EQUITY        
Equity share capital 2675.35 2675.35 0 0.00
Other equity 7827.19 (5390.61) (13217.8) (168.87)
Total equity 10502.54 (2715.26) (13217.8) (125.85)
         
LIABILITIES:        
1. NON- CURRENT LIABILITIES        
a. Financial liabilities        
i. Borrowings 12980.74 17231.17 4250.43 32.74
ii. Lease liabillities 882.37 645.38 (236.99) (26.86)
iii. Other financial liablities 88.38 68.14 (20.24) (22.90)
b. Provisions 326.24 450.8 124.56 38.18
c. Deferred tax liabilities(net) - - - -
d. Other non- current liabilities 12.6 1672.33 1659.73 13172.46
TOTAL NON-CURRENT LIABILITIES 14290.33 20067.82 5777.49 40.43
         
2. CURRENT LIABILLITIES        
a. Financial liabillities        
i. Borrowings 20963.75 25031.36 4067.61 19.40
ii. Lease liabillities 271.42 290.84 19.42 7.15
iii. Trade payables 12129.08 10006.03 (2123.05) (17.50)
iv. Other financial liabilities 7042.91 4330.32 (2712.59) (38.52)
b. Other current liabilities 2248.41 2339.83 91.42 4.07
c. Provisions 444.91 479.86 34.95 7.86
d.Current tax liabilites (net) 353.45 153.45 (200) (56.59)
TOTAL CURRENT LIABILITIES 43453.93 42631.69 (822.24) (1.89)
         
TOTAL LIABILITIES 57744.26 62699.51 4955.25 38.54
         
TOTAL EQUITY AND LIABILLITIES 68246.80 59984.25 (8262.55) (87.32)
         
ASSETS:        
1. NON- CURRENT ASSETS        
a. Properties,plant and equipment 24637.92 22760.36 (1877.56) (7.62)
b. Capital work in progress (845.96) (15.1) (830.86) (98.22)
c. Right of use of assets 1494.74 1347.76 (146.98) (9.83)
d. Integible assets 3965.25 4112.35 147.1 3.71
e.Intengible assets underdevelopment 1316.17 593.97 (722.2) (54.87)
f. Financial assets        
i. Investments 5121.7 5611.87 490.17 9.57
ii. Loan Receivables - - - -
iii. Other financial assets 242.42 208.91 (33.51) (13.82)
g. Deferred tax assets(net) 3847.42 4138.91 291.49 7.58
h. Other non- current assets 375.74 91.03 (284.71) (75.77)
TOTAL NON-CURRENT ASSETS 41847.32 38880.26 (2967.06) (7.09)
         
2. CURRENT ASSETS        
a. Inventories 18042.75 13449.67 (4593.08) (25.46)
b. Financial assets        
i. Trade receivables 4720.62 4490.78 (229.84) (4.87)
ii. Cash and cash equivalents 1106.57 1414.9 308.33 27.86
iii. Bank balance(cash in bank) 99.73 105.7 5.97 5.99
iv. Loan Receivables - - - -
v. Other current assets - - - -
           
c. Other current assets 2429.81 1642.93 (786.88) (32.38)
TOTAL CURRENT ASSETS 26399.48 21103.98 (5295.5) (20.06)
         
TOTAL ASSETS 68246.80 59984.24 (8262.56) (12.11)
         

Reason for considerable changes in items of balance sheet in year 2021 as compare to
year 2020.
1. Equity
Other equity
Other equity includes capital reserves, securites premium, employee stock options
outstanding, retained earning, currency translation reserve, non- controlling interest.

In year 2020, It was ₹ 7,827.18 lakh and it reduces to ₹ (5390.61) lakh in year 2021
and the absolute change is of ₹ (13,217.80) lakh or the prcentage decrease is
168.87%.
Reasons for the decrease in equity:-
i. Unrealised profit margin on stock (20.78 lakh ) has been deducted.
ii. Currency translation reserve has been incresed to 241.47 lakh from 12.89
lakh.
iii. Loss of the year(13119.63 lakh ) has been added.
2. Non- current liabilities
Other financial liabilities
Other financial liabilities includes deposits and financial lease obligation.

In year 2020, It was ₹ 88.38 lakh and it reduces to ₹ 68.14 lakh in year 2021 and
the absolute change is of ₹ (20.24) lakh or the prcentage decrease is 22.9%.
Reasons for the decrease in other financial liabilities:-
i. Deposits has been reduced to 65.03 lakh from 85.03 lakh.
ii. Financial lease obligation has been reduced to 3.11 lakh from 3.35 lakh.
3. Non-current liabilities
Provisions
Provisions includes provisions for employee benefits, provisions for gratuity,
provisions for compensated absence.

In year 2020, It was ₹ 326.24 lakh and it increases to ₹ 450.80 lakh in year 2021
and the absolute change is of ₹ 126.56 lakh or the prcentage increase is 38.79%.
 Reasons for the increase in provisions:-
i. Provisions for gratuity has been increased to 296.83 lakh from 179.70 lakh.
ii. Rrovisions for compensated absence has been increased to 153.97 lakh from
146.54 lakh.
4. Current liabilities
Current tax liabilities (net)
In year 2020, It was ₹ 353.45 lakh and it decreases to ₹ 153.45 lakh in year 2021
and the absolute change is of ₹ (200) lakh or the prcentage decrease is 56.59%.
Reasons for the decrease in Current tax liabilities:-
i. The provision for taxation was ₹528.45 lakh. Advance tax paid in annual year
is 2019 -20 was 375.00 lakh which was 200 lakh more than the year 2018-19.
5. Current assets
Inventories
In year 2020, It was ₹ 18,042.75 lakh and it decreases to ₹ 13,449.67 lakh in year
2021 and the absolute change is of ₹ (4593.08) lakh or the prcentage decrease is
25.46%.
Reasons for the decrease in inventories:-
ii. Raw material stock reducces to ₹5,801.16 lakh from ₹ 7,999.68 lakh.
iii. Finished goods stock reducces to ₹2,948.13 lakh from ₹ 4,658.23 lakh.
iv. Stores and Packing materials reducces to ₹567.50 lakh from 1,215.87 lakh.
v. Scrap value reducces to ₹ 2.40 lakh from ₹3.64 lakh.
6. Current assets
Cash and cash equivalents
Cash and cash equivalents includes cash balance or cash in hands, bank balances.
Fixed deposit account and cheques in hand.

In year 2020, It was ₹ 1,106.57 lakh and it increases to ₹ 1,414.90 lakh in year
2021 and the absolute change is of ₹ (308.53) lakh or the prcentage increase is
27.86%.

Reasons for the increase in ash and cash equivalents:-

i. Cash in hand has been decreased to ₹ 26.00 lakh from ₹ 36.15 lakh
ii. Bank balance has been increased to ₹ 1,196.15 lakh from ₹ 732.82 lakh
iii. Fixed deposit amount gas been decresed to ₹192.75 lakh from ₹ 337.60 lakh
 Comparative Balance Sheet of Setco Automotive Ltd.
31-Mar INCREASE or DECREASE
PARTICULARS 2021 2022 Absolute % Change
( ₹ in lakh) ( ₹ in lakh) Change (₹)
EQUITY AND LIABLITIES        
         
EQUITY        
Equity share capital 2675.35 2675.35 0 0.00
Other equity -5390.61 -26716.21 -21325.6 395.61
Total equity -2715.26 -24040.86 -21325.6 785.40
         
LIABILITIES:        
1. NON- CURRENT LIABILITIES        
a. Financial liabilities        
i. Borrowings 17231.17 68395.69 51164.52 296.93
ii. Lease liabillities 645.38 0 -645.38 -100.00
iii. Other financial liablities 68.14 7.05 -61.09 -89.65
b. Provisions 450.8 234.85 -215.95 -47.90
c. Deferred tax liabilities(net) - - - -
d. Other non- current liabilities 1672.33 1522 -150.33 -8.99
TOTAL NON-CURRENT LIABILITIES 20067.82 70159.59 50091.77 249.61
         
2. CURRENT LIABILLITIES        
a. Financial liabillities        
i. Borrowings 25031.36 7591.76 -17439.6 -69.67
ii. Lease liabillities 290.84 0 -290.84 -100.00
iii. Trade payables 10006.03 8496.16 -1509.87 -15.09
iv. Other financial liabilities 4330.32 150.44 -4179.88 -96.53
b. Other current liabilities 2339.83 1238.95 -1100.88 -47.05
c. Provisions 479.86 308.43 -171.43 -35.73
d.Current tax liabilites (net) 153.45 4.27 -149.18 -97.22
TOTAL CURRENT LIABILITIES 42631.69 17790.01 -24841.68 -58.27
         
TOTAL LIABILITIES 62699.51 87949.60 25250.09 40.27
         
TOTAL EQUITY AND LIABILLITIES 59984.25 63908.74 3924.49 6.54
         
ASSETS:        
1. NON- CURRENT ASSETS        
a. Properties,plant and equipment 22760.36 21720.33 -1040.03 -4.57
b. Capital work in progress 15.1 237.9 222.8 1475.50
c. Right of use of assets 1347.76 358.28 -989.48 -73.42
d. Integible assets 4112.35 8739.86 4627.51 112.53
e.Intengible assets underdevelopment 593.97 0 -593.97 -100.00
 f. Financial assets        
i. Investments 5611.87 8310.55 2698.68 48.09
ii. Loan Receivables - - - -
iii. Other financial assets 208.91 110.53 -98.38 -47.09
g. Deferred tax assets(net) 4138.91 3855.14 -283.77 -6.86
h. Other non- current assets 91.03 200.44 109.41 120.19
TOTAL NON-CURRENT ASSETS 38880.26 43533.03 4652.77 11.97
         
2. CURRENT ASSETS        
a. Inventories 13449.67 11030.72 -2418.95 -17.99
b. Financial assets        
i. Trade receivables 4490.78 4281.83 -208.95 -4.65
ii. Cash and cash equivalents 1414.9 2082.96 668.06 47.22
iii. Bank balance(cash in bank) 105.7 72.38 -33.32 -31.52
iv. Loan Receivables - - - -
v. Other current assets - - - -
c. Current tax assets (net) 0 175 175 -
d. Other current assets 1642.93 2732.81 1089.88 66.34
TOTAL CURRENT ASSETS 21103.98 20375.70 -728.28 -3.45
         
TOTAL ASSETS 59984.24 63908.73 3924.49 6.54
         
Reason for considerable changes in items of balance sheet in year 2022 as compare to
year 2021.
7. Equity
Other equity
Other equity includes capital reserves, securites premium, employee stock options
outstanding, retained earning, currency translation reserve, non- controlling interest.

In year 2021, It was ₹ (5390.61) lakh and it reduces to ₹ (26,716.21) lakh in year
2022 and the absolute change is of ₹ (21,325.60) lakh or the prcentage decrease is
395.61%.
Reasons for the decrease in equity:-
iv. Unrealised profit margin on stock (37.43 lakh ) has been deducted.
v. Currency translation reserve has been incresed to 257.87 lakh from 240.47
lakh.
vi. Loss of the year(22,624 lakh ) has been added.
8. Non- current liabilities
Other financial liabilities
Other financial liabilities includes deposits and financial lease obligation.

In year 2021, It was ₹ 68.14 lakh and it reduces to ₹ 7.05 lakh in year 2022 and the
absolute change is of ₹ (61.09) lakh or the prcentage decrease is 89.65%.
Reasons for the decrease in other financial liabilities:-
iii. Deposits has been reduced to 7.05 lakh from 65.03 lakh.
 iv. Financial lease obligation has been reduced to 3.03 lakh from 3.11 lakh.
9. Non-current liabilities
Provisions
Provisions includes provisions for employee benefits, provisions for gratuity,
provisions for compensated absence.

In year 2021, It was ₹ 450.80 lakh and it decreases to ₹ 235.85 lakh in year 2022
and the absolute change is of ₹ (215.95) lakh or the prcentage decrease is 47.90%.

Reasons for the increase in provisions:-

iii. Provisions for gratuity has been decreased to 48.33 lakh from 296.83 lakh.
iv. Provisions for compensated absence has been increased to 186.52 lakh from
153.97 lakh.
10. Current liabilities
Current tax liabilities (net)
In year 2021, It was ₹ 153.45 lakh and it decreases to ₹ 4.27 lakh in year 2022 and
the absolute change is of ₹ (149.18) lakh or the prcentage decrease is 97.22%.
Reasons for the decrease in Current tax liabilities:-
vi. The provision for taxation was ₹ 328.45 lakh. Advance tax paid in annual year
is 2020 -21 was 128.45 lakh which was 200 lakh more than the year 2019-20.
11. Current assets
Inventories
In year 2021, It was ₹ 13,449.67 lakh and it decreases to ₹ 11,030.72 lakh in year
2021 and the absolute change is of ₹ (2418.95) lakh or the prcentage decrease is
25.46%.
Reasons for the decrease in inventories:-
vii. Raw material stock increase to ₹ 5,947.29 lakh from ₹ 5,801.16 lakh.
viii. Work in progress values reduce to ₹ 1,773.42 from ₹ 4,130.47
ix. Finished goods stock reducces to ₹ 2,6520.92 lakh from ₹ 2,948.13 lakh.
x. Stores and Packing materials increases to ₹ 657.08 lakh from 567.50 lakh.
12. Current assets
Cash and cash equivalents
Cash and cash equivalents includes cash balance or cash in hands, bank balances.
Fixed deposit account and cheques in hand.

In year 2021, It was ₹ 1,414.90 lakh and it increases to ₹ 2,082.96 lakh in year
2022 and the absolute change is of ₹ (668.06) lakh or the prcentage increase is
47.22%.

Reasons for the increase in ash and cash equivalents:-

iv. Cash in hand has been decreased to ₹ 2.11 lakh from ₹ 26.00 lakh.
v. Bank balance has been increased to ₹ 1,801.08 lakh from ₹ 1,196.15 lakh.
vi. Fixed deposit amount gas been decresed to ₹32.23 lakh from ₹ 192.75 lakh.
Common Size Profit and Loss Account Analysis
Common Size Profit and Loss Account of Setco Automotive Limited
31-Mar
2020 2021 2022
PARTICULARS
amount in ₹ % of amount in ₹ % of amount in ₹ % of
lakhs total lakhs total lakhs total
  INCOME            
I. Revenue from operations 47,031.55 100.00 35,925.66 100.00 43,500.20 100.00
II. Other income 469.43 1.00 865.78 2.41 989.78 2.28
102.4
III. 47,500.98 101.00 36,791.44 44,489.98 102.28
Total Revenue (I + II) 1
           
IV. EXPENSES          
  Cost of materials consumed 23,200.48 49.33 19,342.46 53.84 22,695.11 52.17
Changes in inventories of
  finished goods and work-in- -659.84 -1.40 1,018.67 2.84 2,476.84 5.69
progress
  Employee benefit expenses 8,137.85 17.30 7,368.94 20.51 8,138.84 18.71
  Finance costs 5,696.63 12.11 5,908.33 16.45 10,832.24 24.90
Depreciation and amortization
  3,233.82 6.88 3,370.93 9.38 3,744.67 8.61
expenses
  Other expenses 12,752.25 27.11 9,201.86 25.61 11,774.75 27.07
128.6
52,361.19 111.33 46,211.19 59,662.45 137.15
  Total expenses (IV) 3
Profit/(loss) before
V. exceptional items and tax (III - -4,860.21 -10.33 -9,419.76 -26.22 -15172.47 -34.88
IV)
VI. Exceptional items 545.21 1.16 3,288.66 9.15 10,239.63 23.54
VII. Profit/(loss) before tax (V - VI) -5,405.42 -11.49 -12,708.42 -35.37 -25,412.10 -58.42
VIII
         
. Tax expense/(credit)
  Current tax          
  Deferred tax -594.75 -1.26 -429.83 -1.20 -309.72 -0.71
  MAT credit entitlement          
  Previous years -20.71 -0.04 51.18 0.14 0 0.00
  current years 165.57 0.35 - 638.34 1.47
Tax adjustment for earlier
    0.00   0.00 7.33 0.02
years
  -449.89 -0.96 -378.65 -1.05 335.95 0.77
Profit/(loss) for the year from
IX. continuing operations (VII - -4,955.53 -10.54 -12,329.77 -34.32 -25,748.05 -59.19
VIII)
Other comprehensive
X.          
income/(loss)
 A. (i) Items that will not be
           
reclassified to profit or loss
(a) Remeasurement of
  gain /(loss) on defined benefit -52.6 -0.11 -50.56 -0.14 -62.62 -0.14
plans

  (b) Gain / (loss) on -153.5 -0.33 -1,074.50 -2.99 -153.5 -0.35

FVTOCI Equity securities
(ii) Income tax relating to
  items that will not be 69.04 0.15 15.51 0.04 16.28 0.04
reclassified to Profit or Loss

  B. (i) Items that will be          

reclassified to profit or loss
(a)Exchange differences in
translating the financial
  -149.51 -0.32 228.58 0.64 16.4 0.04
statements of foreign
operations
(ii) Income tax relating to
  items that will be reclassified          
to profit or loss
  -286.57 -0.61 -880.97 -2.45 -183.44 -0.42
             
Total comprehensive income
XI. -5,242.10 -11.15 -13,210.74 -36.77 -25,931.49 -59.61
for the year (IX + X)
           
Profit for the year attributable
           
to
  Owners of the company -4,456.78 -9.48 -12,007.64 -33.42 -22,436.22 -51.58
  Non-controlling Interest -498.76 -1.06 -322.13 -0.90 -3,311.83 -7.61
           
Other Comprehensive Income
           
for the year attributable to
  Owners of the company -285.5 -0.61 -880.87 -2.45 -171.7 -0.39
  Non-controlling Interest -1.07 0.00 -0.1 0.00 -11.74 -0.03
           
Total Comprehensive Income
           
for the year attributable to
  Owners of the company -4,742.28 -10.08 -12,888.51 -35.88 -22,607.92 -51.97
  Non-controlling Interest -499.83 -1.06 322.24 0.90 -3,323.57 -7.64
               
Reason for considerable changes in items of profit and loss account in year 2020,2021
and 2022 in camparision of revenue of operations or sales of products.
1) Revenue from operation/sales of products
In year ending 2020, sales was ₹ 47,031.55 lakh but in 2021 ending yesr sales
decline to ₹ 35,925.66 lakh.
The decline in the sales was due to the spread of the COVID-19 due to which harsh
lockdown was imposed all over the world and all kind business activity were
shutdown for some time.
 After COVID world went through economic crisis and people were suffering due to
high inflation due to which people avoided to spend on luxrious items by which many
industries suffer a lot through economic losses.
Simillary, In year 2022 again sales increses to ₹ 43,500.20.
The increase in sales is due to relaxtion in COVID norms. Every industry try to
return back to its normal economic pace.
2) Cost of material consumed
In year ending 2020, Cost of material consumed was ₹ 23,200.48 which is 49.33%
of sales lakh but in 2021 ending year; sales decline to ₹ 19,342.46 lakh ( 53.84% of
sales).
Simillary, In year 2022 again cost of material consumed increses to ₹ 22,695.11
(57.17 % of sales)
3) Employee benefit expenses
Employee benfit expenses includes salaries, wages,bonus, contribution to employee
welfare funds and staff welfare expenses.
In year ending 2020, Employee benfit expenses was ₹ 8,137.85 which is 17.30% of
sales lakh but in 2021 ending year; it decline to ₹ 7,368.94 lakh ( 20.51% of sales).
Simillary, In year 2022 again employee benefits expenses increses to ₹ 8,138.84
(18.71 % of sales)
4) Profit/(loss) for the year from continuing operations
In year ending 2020, profit/(loss) for the year from continuing operations was ₹
(4,955.53) which is (10.54)% of sales lakh but in 2021 ending year; it increase to ₹
(12,329.77) lakh which is ( 34.32)% of sales.
Simillary, In year 2022 again profit/(loss) for the year from continuing operations
decreses to ₹ (25,748.05)which is (18.71) % of sales.
5) Total comprehensive income for the year
In year ending 2020,Total comprehensive income for the year was ₹ (5,242.10) which
is (11.15)% of sales lakh but in 2021 ending year; it decrease to ₹ (13,210.74) lakh
which is ( 36.77)% of sales.
Simillary, In year 2022 again Total comprehensive income for the year decreses to ₹
(25,931.49) which is (59.61) % of sales.
PART – 3
Screenshot:- Balancesheet 2020
Screenshot:- Profit and Loss Account 2020
Screenshot:- Balancesheet 2021
Screenshot:- Profit and Loss Account 2021
Screenshot:- Balancesheet 2022
Screenshot:- Profit and Loss Account 2022