Income Statement of Asian Paints Ltd Standalone (Crores)

Year 202203 202103 202003 201903

Revenue From Operations(Net) 25,188.51 18,516.86 17,194.09 16,391.78
Other Income 451.89 366.02 357.54 284.81
Total Revenue 25,640.40 18,882.88 17,551.63 16,676.59
Cost of Goods Sold 15,608.96 10,082.53 9,506.18 9,410.62
Cost of Material Consumed 13,838.90 8,524.17 8,432.51 8,647.82
Purchases
Changes inof Stock-in-Trade
Inventories of Finished Goods, Work-in-Progress and 2,978.69 1,649.06 1,283.88 1,010.66
Stock-in-Trade -1208.63 -90.7 -210.21 -247.86
Gross Profit 9,579.55 8,434.33 7,687.91 6,981.16
Total expenses 4,991.76 3,941.55 3,830.87 3,476.35
Employee Benefits / Salaries & other Staff Cost 1310.14 1128.66 985.43 900.14
Other Expenses 3,681.62 2,812.89 2,845.44 2,576.21
EBIDTA 4,587.79 4,492.78 3,857.04 3,504.81
Depreciation and Amortization 721.56 697.47 689.97 540.77
PBIT 3,866.23 3,795.31 3,167.07 2,964.04
Finance Cost 70.25 71.66 78.38 78.6
Exceptional Item before Tax -53.73 0 -33.2 0
Profit Before Tax 4,194.14 4,089.67 3,413.03 3,170.25
Tax Expenses 1,059.43 1,037.87 759.08 1,038.08
Current Tax 1,107.29 1,052.72 871.15 881.64
Deferred Tax -51.02 -21.31 -117.73 158.61
Profit After Tax 3,134.71 3,051.80 2,653.95 2,132.17
Profit Attributable to Ordinary Shareholders 3,134.71 3,051.80 2,653.95 2,132.17
Other Comprehensive Income :
Other Comprehensive Income 0.49 2.42 -4.59 -2.09
Total Comprehensive Income for the Year 3,135.20 3,054.22 2,649.36 2,130.08
Earning Per Share - Basic 32.68 31.82 27.67 22.23
Total Dividend Per Share 19.15 17.85 12 10.5
Weighted Average Number of Shares in Issue - Basic 95.91 95.92 95.92 95.92
MPS 3590 3504.05 2771.5 1833.65
NIFTY 17670 14507 8083 11623
0.2525977 0.2537784 0.2224065 0.3274442

Balance Sheet of Asian Paints Ltd Standalone

Year 202203 202103 202003 201903
ASSETS
Non-Current Assets:
Fixed Assets 3,993.21 4,167.24 4,342.32 4,699.90
Property, Plant and Equipment 3,689.63 3,971.80 4,148.60 4,430.62
Capital Work in Progress 225.47 118.56 108.09 179.31
Intangible Assets 78.11 76.88 85.63 89.97
Non-current Investments 2261.44 2712.59 2660.1 2195.55
Investment Properties 0 0 0 0
Investments in Subsidiaries, Associates and Joint venture 1,095.56 1,015.57 1,176.99 830.35
Investments - Long-term 550.69 984.95 1,048.59 987.02
Loans - Long - Term 0 0 64.11 76
Others Financial Assets - Long-term 470.61 579.23 232.47 220.7
Non Current Tax Assets - Long - Term 144.58 132.84 137.94 81.48
Other Non-current Assets 119.56 39.44 32.87 33.48
Deferred Tax Assets (Net) 0 0 0 0
Total Reported Non-current Assets 6,374.21 6,919.27 7,035.29 6,928.93

Current Investments 2,164.34 3,178.81 432.35 1,146.63

Inventories 5,277.61 3,124.61 2,827.47 2,585.10
Trade Receivables 2,915.77 1,809.75 1,109.22 1,244.95
Cash and Cash Equivalents 276.04 113.27 336.96 98.33
Bank Balances Other Than Cash and Cash Equivalents 32.53 21.64 39.1 69.19
Loans - Short-term 0 0 21.31 13.98
Others Financial Assets - Short-term 1,645.41 1,252.27 846.96 567.63
Other Current Assets 436.22 446.41 212.33 327.54
Total Current Assets 12,747.92 9,946.76 5,825.70 6,053.35
TOTAL ASSETS 19,122.13 16,866.03 12,860.99 12,982.28

EQUITY AND LIABILITIES

Shareholder's Fund 13,349.09 12,089.19 9,453.29 8,842.96
Share Capital 95.92 95.92 95.92 95.92
Other Equity 13,253.17 11,993.27 9,357.37 8,747.04
Non-Current Liabilities: 224.71 284 306.28 406.18
Long Term Borrowings 16.16 14.31 18.5 10.89
Others Financial Liabilities - Long-term 1.14 1.09 0.46 1.38
Deferred Tax Liabilities (Net) 205.3 265.19 282.68 392.39
Other Non-Current Liabilities 2.11 3.41 4.64 1.52

Current Liabilities: 5468.22 4,418.17 3052.62 3716.19

Short Term Borrowings 0 7.89 0 4.35
Trade Payables 3,497.29 2,814.30 1,760.08 2,062.29
Others Financial Liabilities - Short-term 1,524.78 1,276.65 1,118.89 1,429.38
Current Tax Liabilities - Short-term 100.85 87.69 48.59 48.67
Provisions 38.08 57.91 44.14 52.27
Other Current Liabilities 307.22 173.73 80.92 119.23

Total Equity and Liabilities 19,042.02 16,791.36 12,812.19 12,965.33

Contingent Liabilities 781.9 763.23 193.29 472.26
Book Value of Share 139.18 126.03 98.55 92.19
 201803 202203 202103 202003 201903 201803
14,167.86
277.5
14,445.36 35.79% 7.58% 5.25% 15.45%
7,996.85 54.81% 6.06% 1.02% 17.68%
7,100.16
742.57
154.12
6,171.01 13.58% 9.71% 10.12% 13.13%
3,250.51 26.64% 2.89% 10.20% 6.95%
791.08 16.08% 14.53% 9.48% 13.79%
2,459.43 30.88% -1.14% 10.45% 4.75%
2,920.50 2.11% 16.48% 10.05% 20.01%
311.11
2,609.39 1.87% 19.84% 6.85% 13.59%
21.06
0
2,865.83 2.55% 19.83% 7.66% 10.62%
971.03
968.87
2.57 Other Tax Adjustments
1,894.80 2.72% 14.99% 24.47% 12.53%
1,894.80

-0.38
1,894.42
19.75
8.7
95.92
1488.6
10113
0.3388303

201803

3,960.37 -4.18% -4.03% -7.61% 18.67%

2,477.44
1,391.84
91.09
1820.66 -16.63% 1.97% 21.16% 20.59%
0
830.35
716.98
79.08
144.75
49.5
 305.81 203.14% 19.99% -1.82% -89.05%
0
6,086.84 -7.88% -1.65% 1.54% 13.83%

1,030.01
2,178.43
1,138.20
106.7
14.14
12.17
627.23
393.29
5,500.17 28.16% 70.74% -3.76% 10.06%
11,587.01 13.38% 31.14% -0.93% 12.04%

7,798.16 10.42% 27.88% 6.90% 13.40%

95.92 0.00% 0.00% 0.00% 0.00%
7,702.24 10.51% 28.17% 6.98% 13.56%
283.46 -20.88% -7.27% -24.60% 43.29%
9.87 12.93% -22.65% 69.88% 10.33%
0.65
270.33
2.61

3398.96 23.77% 44.73% -17.86% 9.33%

0
1,851.50
1,208.56
51.06
42.85
244.99

11,480.58 13.40% 31.06% -1.18% 12.93%

430.91
81.30
3.16 6.46 5.66 -2.17 -0.41
38,084.0
 Income Statement of Asian Paints LtdStandalone (Crores)
Year 202203 202103 202003 201903
Revenue From Operations(Net) 25,188.51 18,516.86 17,194.09 16,391.78
Other Income 451.89 366.02 357.54 284.81
Total Revenue 25,640.40 18,882.88 17,551.63 16,676.59
Cost of Goods Sold 15,608.96 10,082.53 9,506.18 9,410.62
Cost of Material Consumed 13,838.90 8,524.17 8,432.51 8,647.82
Purchases
Changes inof Stock-in-Trade
Inventories of Finished Goods, Work-in-Progress and 2,978.69 1,649.06 1,283.88 1,010.66
Stock-in-Trade -1208.63 -90.7 -210.21 -247.86
Gross Profit 9,579.55 8,434.33 7,687.91 6,981.16
Total expenses 4,991.76 3,941.55 3,830.87 3,476.35
Employee Benefits / Salaries & other Staff Cost 1310.14 1128.66 985.43 900.14
Other Expenses 3,681.62 2,812.89 2,845.44 2,576.21
EBIDTA 4,587.79 4,492.78 3,857.04 3,504.81
Depreciation and Amortization 721.56 697.47 689.97 540.77
PBIT 3,866.23 3,795.31 3,167.07 2,964.04
Finance Cost 70.25 71.66 78.38 78.6
Exceptional Item before Tax -53.73 0 -33.2 0
Profit Before Tax 4,194.14 4,089.67 3,413.03 3,170.25
Tax Expenses 1,059.43 1,037.87 759.08 1,038.08
Current Tax 1,107.29 1,052.72 871.15 881.64
Deferred Tax -51.02 -21.31 -117.73 158.61
Profit After Tax 3,134.71 3,051.80 2,653.95 2,132.17
Profit Attributable to Ordinary Shareholders 3,134.71 3,051.80 2,653.95 2,132.17
Other Comprehensive Income :
Other Comprehensive Income 0.49 2.42 -4.59 -2.09
Total Comprehensive Income for the Year 3,135.20 3,054.22 2,649.36 2,130.08
Earning Per Share - Basic 32.68 31.82 27.67 22.23
Total Dividend Per Share 19.15 17.85 12 10.5
Weighted Average Number of Shares in Issue - Basic 95.91 95.92 95.92 95.92
MPS 3590 3504.05 2771.5 1833.65
NIFTY 17670 14507 8083 11623
0.2525977 0.2537784 0.2224065 0.3274442

Balance Sheet of Asian Paints Ltd Standalone

Year 202203 202103 202003 201903
ASSETS
Non-Current Assets:
Fixed Assets 3,993.21 4,167.24 4,342.32 4,699.90
Property, Plant and Equipment 3,689.63 3,971.80 4,148.60 4,430.62
Capital Work in Progress 225.47 118.56 108.09 179.31
Intangible Assets 78.11 76.88 85.63 89.97
Non-current Investments 2261.44 2712.59 2660.1 2195.55
Investment Properties 0 0 0 0
Investments in Subsidiaries, Associates and Joint venture 1,095.56 1,015.57 1,176.99 830.35
Investments - Long-term 550.69 984.95 1,048.59 987.02
Loans - Long - Term 0 0 64.11 76
Others Financial Assets - Long-term 470.61 579.23 232.47 220.7
Non Current Tax Assets - Long - Term 144.58 132.84 137.94 81.48
Other Non-current Assets 119.56 39.44 32.87 33.48
Deferred Tax Assets (Net) 0 0 0 0
Total Reported Non-current Assets 6,374.21 6,919.27 7,035.29 6,928.93

Current Investments 2,164.34 3,178.81 432.35 1,146.63

Inventories 5,277.61 3,124.61 2,827.47 2,585.10
Trade Receivables 2,915.77 1,809.75 1,109.22 1,244.95
Cash and Cash Equivalents 276.04 113.27 336.96 98.33
Bank Balances Other Than Cash and Cash Equivalents 32.53 21.64 39.1 69.19
Loans - Short-term 0 0 21.31 13.98
Others Financial Assets - Short-term 1,645.41 1,252.27 846.96 567.63
Other Current Assets 436.22 446.41 212.33 327.54
Total Current Assets 12,747.92 9,946.76 5,825.70 6,053.35
TOTAL ASSETS 19,122.13 16,866.03 12,860.99 12,982.28

EQUITY AND LIABILITIES

Shareholder's Fund 13,349.09 12,089.19 9,453.29 8,842.96
Share Capital 95.92 95.92 95.92 95.92
Other Equity 13,253.17 11,993.27 9,357.37 8,747.04
Non-Current Liabilities: 224.71 284 306.28 406.18
Long Term Borrowings 16.16 14.31 18.5 10.89
Others Financial Liabilities - Long-term 1.14 1.09 0.46 1.38
Deferred Tax Liabilities (Net) 205.3 265.19 282.68 392.39
Other Non-Current Liabilities 2.11 3.41 4.64 1.52

Current Liabilities: 5468.22 4,418.17 3052.62 3716.19

Short Term Borrowings 0 7.89 0 4.35
Trade Payables 3,497.29 2,814.30 1,760.08 2,062.29
Others Financial Liabilities - Short-term 1,524.78 1,276.65 1,118.89 1,429.38
Current Tax Liabilities - Short-term 100.85 87.69 48.59 48.67
Provisions 38.08 57.91 44.14 52.27
Other Current Liabilities 307.22 173.73 80.92 119.23

Total Equity and Liabilities 19,042.02 16,791.36 12,812.19 12,965.33

Contingent Liabilities 1,225.43 516.36 390.08 332.86
Book Value of Share 139.17 126.03 98.55 92.19
 Revenue
201803 From
Changes 202203
Operatio
202103 202003 201903 201803
14,167.86 in
ns(Net)
Other
Inventori
277.5 Income
es
Total of
Cost
Cost of
Finished of
14,445.36 Revenue
Goods 100 100 100 100 100
Goods,
Material
7,996.85 Purchase
Sold
Work-in- 60.88 53.40 54.16 56.43 55.36
Consume
sProgress
of
7,100.16 d
Stock-in-
and
742.57 Trade
Stock-in-
154.12 Trade
Employe
Gross
6,171.01 eProfit
Benefits 37.36 44.67 43.80 41.86 42.72
Total
/ Salaries
3,250.51 expenses
& other 19.47 20.87 21.83 20.85 22.50
791.08 Staff
Other Cost 5.11 5.98 5.61 5.40 5.48
2,459.43 Depreciat 14.36
Expenses 14.90 16.21 15.45 17.03
ion and
2,920.50 EBIDTA
Amortizat 17.89 23.79 21.98 21.02 20.22
311.11 ion 2.81 3.69 3.93 3.24 2.15
2,609.39 Exception
PBIT 15.08 20.10 18.04 17.77 18.06
alFinance
Item
21.06 Cost
before 0.27 0.38 0.45 0.47 0.15
Profit
0 Tax
Before -0.21 0.00 -0.19 0.00 0.00
2,865.83 Tax
Tax 16.36 21.66 19.45 19.01 19.84
971.03 Expenses
Current 4.13 5.50 4.32 6.22 6.72
968.87 Tax
Deferred
2.57 Tax
Profit
1,894.80 After Tax 12.23 16.16 15.12 12.79 13.12
1,894.80

-0.38
1,894.42 3590 3504.05 2771.5 1833.65 1488.6
19.75
8.7
95.92
1488.6
10113
0.3388303

201803 202203 202103 202003 201903 201803

3,960.37 20.88 24.71 33.76 36.20 34.18

2,477.44 19.30 23.55 32.26 34.13 21.38
1,391.84 1.18 0.70 0.84 1.38 12.01
91.09 0.41 0.46 0.67 0.69 0.79
1820.66 11.83 16.08 20.68 16.91 15.71
0 0.00 0.00 0.00 0.00 0.00
830.35 5.73 6.02 9.15 6.40 7.17
716.98 2.88 5.84 8.15 7.60 6.19
79.08 0.00 0.00 0.50 0.59 0.68
144.75 2.46 3.43 1.81 1.70 1.25
49.5 0.76 0.79 1.07 0.63 0.43
 305.81 0.63 0.23 0.26 0.26 2.64
0 0.00 0.00 0.00 0.00 0.00
6,086.84 33.33 41.02 54.70 53.37 52.53

1,030.01 11.32 18.85 3.36 8.83 8.89

2,178.43 27.60 18.53 21.98 19.91 18.80
1,138.20 15.25 10.73 8.62 9.59 9.82
106.7 1.44 0.67 2.62 0.76 0.92
14.14 0.17 0.13 0.30 0.53 0.12
12.17 0.00 0.00 0.17 0.11 0.11
627.23 8.60 7.42 6.59 4.37 5.41
393.29 2.28 2.65 1.65 2.52 3.39
5,500.17 66.67 58.98 45.30 46.63 47.47
11,587.01 100 100 100 100 100

7,798.16 69.81 71.68 73.50 68.12 67.30

95.92 0.50 0.57 0.75 0.74 0.83
7,702.24 69.31 71.11 72.76 67.38 66.47
283.46 1.18 1.68 2.38 3.13 2.45
9.87 0.08 0.08 0.14 0.08 0.09
0.65 0.01 0.01 0.00 0.01 0.01
270.33 1.07 1.57 2.20 3.02 2.33
2.61 0.01 0.02 0.04 0.01 0.02

3398.96 28.60 26.20 23.74 28.63 29.33

0 0.00 0.05 0.00 0.03 0.00
1,851.50 18.29 16.69 13.69 15.89 15.98
1,208.56 7.97 7.57 8.70 11.01 10.43
51.06 0.53 0.52 0.38 0.37 0.44
42.85 0.20 0.34 0.34 0.40 0.37
244.99 1.61 1.03 0.63 0.92 2.11

11,480.58 99.58 99.56 99.62 99.87 99.08

1,108.50
81.3
Other Tax Adjustments 3.16 6.46 5.66 -2.17
-0.41
Year 202203 202103 202003 201903 201803
Sales 177.8 130.7 121.4 115.7 100.0
PAT 165.4 161.1 140.1 112.5 100.0
Fixed Assets 100.8 105.2 109.6 118.7 100.0
MPS 241.2 235.4 186.2 123.2 100.0
NIFTY 174.7 147.0 79.9 114.9 100.0
 Income Statement of Asian Paints Ltd Standalone (Crores)
Year 202203 202103 202003 201903
Revenue From Operations(Net) 25,188.51 18,516.86 17,194.09 16,391.78
Other Income 451.89 366.02 357.54 284.81
Total Revenue 25,640.40 18,882.88 17,551.63 16,676.59
Cost of Goods Sold 15,608.96 10,082.53 9,506.18 9,410.62
Cost of Material Consumed 13,838.90 8,524.17 8,432.51 8,647.82
Purchases
Changes inof Stock-in-Trade
Inventories of Finished Goods, Work-in-Progress and 2,978.69 1,649.06 1,283.88 1,010.66
Stock-in-Trade -1208.63 -90.7 -210.21 -247.86
Gross Profit 9,579.55 8,434.33 7,687.91 6,981.16
Total expenses 4,991.76 3,941.55 3,830.87 3,476.35
Employee Benefits / Salaries & other Staff Cost 1310.14 1128.66 985.43 900.14
Other Expenses 3,681.62 2,812.89 2,845.44 2,576.21
EBIDTA 4,587.79 4,492.78 3,857.04 3,504.81
Depreciation and Amortization 721.56 697.47 689.97 540.77
PBIT 3,866.23 3,795.31 3,167.07 2,964.04
Finance Cost 70.25 71.66 78.38 78.6
Exceptional Item before Tax -53.73 0 -33.2 0
Profit Before Tax 4,194.14 4,089.67 3,413.03 3,170.25
Tax Expenses 1,059.43 1,037.87 759.08 1,038.08
Current Tax 1,107.29 1,052.72 871.15 881.64
Deferred Tax -51.02 -21.31 -117.73 158.61
Profit After Tax 3,134.71 3,051.80 2,653.95 2,132.17
Profit Attributable to Ordinary Shareholders 3,134.71 3,051.80 2,653.95 2,132.17
Other Comprehensive Income :
Other Comprehensive Income 0.49 2.42 -4.59 -2.09
Total Comprehensive Income for the Year 3,135.20 3,054.22 2,649.36 2,130.08
Earning Per Share - Basic 32.68 31.82 27.67 22.23
Total Dividend Per Share 19.15 17.85 12 10.5
Weighted Average Number of Shares in Issue - Basic 95.91 95.92 95.92 95.92
MPS 3590 3504.05 2771.5 1833.65
NIFTY 17670 14867 8083 11623
Tax rate 0.25 0.25 0.22 0.33
BVPS 139.18 126.03 98.55 92.19
CFO/Share 13.14 36.06 29.33 24.97

Balance Sheet of Asian Paints Ltd Standalone

Year 202203 202103 202003 201903
ASSETS
Non-Current Assets:
Fixed Assets 3,993.21 4,167.24 4,342.32 4,699.90
Property, Plant and Equipment 3,689.63 3,971.80 4,148.60 4,430.62
Capital Work in Progress 225.47 118.56 108.09 179.31
Intangible Assets 78.11 76.88 85.63 89.97
Non-current Investments 2261.44 2712.59 2660.1 2195.55
Investment Properties 0 0 0 0
Investments in Subsidiaries, Associates and Joint venture 1,095.56 1,015.57 1,176.99 830.35
Investments - Long-term 550.69 984.95 1,048.59 987.02
 Loans - Long - Term 0 0 64.11 76
Others Financial Assets - Long-term 470.61 579.23 232.47 220.7
Non Current Tax Assets - Long - Term 144.58 132.84 137.94 81.48
Other Non-current Assets 119.56 39.44 32.87 33.48
Deferred Tax Assets (Net) 0 0 0 0
Total Reported Non-current Assets 6,374.21 6,919.27 7,035.29 6,928.93

Current Investments 2,164.34 3,178.81 432.35 1,146.63

Inventories 5,277.61 3,124.61 2,827.47 2,585.10
Trade Receivables 2,915.77 1,809.75 1,109.22 1,244.95
Cash and Cash Equivalents 276.04 113.27 336.96 98.33
Bank Balances Other Than Cash and Cash Equivalents 32.53 21.64 39.1 69.19
Loans - Short-term 0 0 21.31 13.98
Others Financial Assets - Short-term 1,645.41 1,252.27 846.96 567.63
Other Current Assets 436.22 446.41 212.33 327.54
Total Current Assets 12,747.92 9,946.76 5,825.70 6,053.35
TOTAL ASSETS 19,122.13 16,866.03 12,860.99 12,982.28

EQUITY AND LIABILITIES

Shareholder's Fund 13,349.09 12,089.19 9,453.29 8,842.96
Share Capital 95.92 95.92 95.92 95.92
Other Equity 13,253.17 11,993.27 9,357.37 8,747.04
Non-Current Liabilities: 224.71 284 306.28 406.18
Long Term Borrowings 16.16 14.31 18.5 10.89
Others Financial Liabilities - Long-term 1.14 1.09 0.46 1.38
Deferred Tax Liabilities (Net) 205.3 265.19 282.68 392.39
Other Non-Current Liabilities 2.11 3.41 4.64 1.52

Current Liabilities: 5468.22 4,418.17 3052.62 3716.19

Short Term Borrowings 0 7.89 0 4.35
Trade Payables 3,497.29 2,814.30 1,760.08 2,062.29
Others Financial Liabilities - Short-term 1,524.78 1,276.65 1,118.89 1,429.38
Current Tax Liabilities - Short-term 100.85 87.69 48.59 48.67
Provisions 38.08 57.91 44.14 52.27
Other Current Liabilities 307.22 173.73 80.92 119.23

Total Equity and Liabilities 19,042.02 16,791.36 12,812.19 12,965.33

Contingent Liabilities 781.9 763.23 193.29 472.26
Book Value of Share 52847.24 47636.79 42504.56 27006.01

Net Working Capital 7,279.70 5,528.59 2,773.08 2,337.16

PERFORMANCE ANALYSIS

LIQUIDITY RATIO 202203 202103 202003 201903

Current Ratio 2.3312742 2.2513303 1.9084262 1.6289129
Quick ratio 1.37 1.54 0.98 0.93
Cash Ratio 0.3573338 0.3139716 0.4076269 0.2015855

ACTIVITY RATIO 202203 202103 202003 201903

Inventory TO Ratio 3.7 3.4 3.5 4.0
Inventory Holding Period 96.9 106.3 102.5 91.1
Receivables TO Ratio 10.7 12.7 14.6 13.8
Receivables Collection Period 33.8 28.4 24.6 26.2
Creditors TO ratio 0.9 0.7 0.7 0.5
Creditors Payment Period 381.4 499.3 535.9 697.1
Net Operating Cycle -250.7 -364.7 -408.8 -579.8
Working Capital TO 4.0 4.5 6.9 7.5
Fixed Assets TO 6.28 4.44 3.88 3.85

SOLVENCY RATIOS 202203 202103 202003 201903

Total Debt/ Total Asset 0.30 0.28 0.26 0.32
Total Debt/Equity 0.43 0.39 0.36 0.47
Long Term Debt/equity 0.02 0.02 0.03 0.05
Financial leverage Ratio 1.43 1.40 1.36 1.47
Total Debt/EBIDTA 1.24 1.05 0.87 1.18
Long Term Debt/EBIDTA 0.05 0.06 0.08 0.12
Intrest Coverage Ratio 55.04 52.96 40.41 37.71

PROFITABILITY RATIOS 202203 202103 202003 201903

GP Margin 38.0% 45.5% 44.7% 42.6%
Operating Profit Margin 15.3% 20.5% 18.4% 18.1%
Net Profit Margin 12.2% 16.2% 15.1% 12.8%
Operating RoA 21.5% 25.5% 24.5% 24.1%
Return on Assets 17.4% 20.5% 20.5% 17.4%
Return on Capital 16.1% 19.1% 19.1% 16.3%
Return on Equity 24.65% 28.33% 29.01% 25.63%

DUPONT ANALYSIS 202203 202103 202003 201903

ROE 0.25 0.28 0.29 0.26
ROA (PAT/TOTAL ASSETS) 17% 21% 21% 17%
Financial Leverage (Asset/Net Worth) 1.41 1.38 1.41 1.48
2 Step Du Pont 25% 28% 29% 26%
Net Profit margin(PAT/Sales) 12% 16% 15% 13%
Asset TO ratio (Revenue/Total Assets) 1.42 1.27 1.36 1.36
3 Point Du Pont Analysis 0.25 0.28 0.29 0.26
tax Burden (PAT/PBT) 0.75 0.75 0.78 0.67
Intrest Burden (PBT/PBIT) 1.08 1.08 1.08 1.07
EBIT Margin(PBIT/Revenue) 15.08% 20.10% 18.04% 17.77%
5 Point Du Pont Analysis 25% 28% 29% 26%

VALUATION RATIO 202203 202103 202003 201903

P/E ratio 109.8 110.1 100.2 82.5
P/B 25.8 27.8 28.1 19.9
P/S 13.4 17.8 15.1 10.5
P/CFO 273.2 97.2 94.5 73.4
201803
14,167.86
277.5
14,445.36
7,996.85
7,100.16
742.57
154.12
6,171.01
3,250.51
791.08
2,459.43
2,920.50
311.11
2,609.39
21.06
0
2,865.83
971.03
968.87
2.57 Other Tax Adjustments 3.16 6.46 5.66
1,894.80
1,894.80

-0.38
1,894.42
19.75
8.7
95.92
1488.6
10113
0.34
81.30
22.27

201803

3,960.37
2,477.44
1,391.84
91.09
1820.66
0
830.35
716.98
 79.08
144.75
49.5
305.81
0
6,086.84

1,030.01
2,178.43
1,138.20
106.7
14.14
12.17
627.23
393.29
5,500.17
11,587.01

7,798.16
95.92
7,702.24
283.46
9.87
0.65
270.33
2.61

3398.96
0
1,851.50
1,208.56
51.06
42.85
244.99

11,480.58
430.91
23014.94

2,101.21

201803
1.618192
0.98
0.2236684

201803
-2.17 -0.41
 Trend Analysis Comm
200.0 100%
180.0 80%
160.0 60%
140.0
40%
120.0
20%
100.0
0%
80.0 202203 202103
60.0
Revenue From Operations(Net) Ot
40.0
Cost of Goods Sold Co
20.0 Purchases of Stock-in-Trade Ch
0.0 Employee Benefits / Salaries & other Staff Cost Ot
202203 202103 202003 201903 201803 Depreciation and Amortization Fi
Exceptional Item before Tax Ta
Sales PAT Fixed Assets MPS NIFTY Current Tax De

Liquidity Ratios Activity Ratios

2.5 16.0
14.0
2
12.0

1.5 10.0
8.0
1 6.0
4.0
0.5
2.0
0 0.0
202203 202103 202003 201903 201803 202203 202103 202003 201903

Current Ratio Quick ratio Cash Ratio Inventory TO Ratio Receivables TO Ratio Creditors TO ratio

Solvency ratio Profitability Analysis

0.14 50.0%
45.0%
0.12
40.0%
 Solvency ratio Profitability Analysis
0.14 50.0%
45.0%
0.12
40.0%
0.10 35.0%
30.0%
0.08 25.0%
0.06 20.0%
15.0%
0.04 10.0%
5.0%
0.02
0.0%
202203 202103 202003 201903
0.00
202203 202103 202003 201903
GP Margin Net Profit Margin Return on Assets
Long Term Debt/equity Long Term Debt/EBIDTA Return on Capital Return on Equity

3 Point Du Pont Analysis Valuation Ratios

1.60 300.0
1.40
1.20 250.0
1.00
200.0
0.80
0.60
150.0
0.40
0.20 100.0
0.00
202203 202103 202003 201903
50.0
Financial Leverage (Asset/Net Worth)
0.0
Asset TO ratio (Revenue/Total Assets) 202203 202103 202003 201903
ROE
Net Profit margin(PAT/Sales) P/E ratio P/B P/S P/CFO
 Common Size Statement

202103 202003 201903 201803

tions(Net) Other Income

Cost of Material Consumed
-Trade Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade
Salaries & other Staff Cost Other Expenses
ortization Finance Cost
re Tax Tax Expenses
Deferred Tax

atios

202003 201903

O Ratio Creditors TO ratio

Analysis
Analysis

202003 201903

Margin Return on Assets

quity

Ratios

202003 201903

P/S P/CFO
 Finance >>Profit & Loss IND>>Asian Paints Ltd
Year 202203 202103 202003 201903 201803 201703 201603
Revenue From Operations 25,188.51 18,516.86 17,194.09 16,391.78 14,559.55 14,360.43 13,332.18
Less: Excise Duty 0 0 0 0 391.69 1,713.32 1,501.85
Revenue From Operations(Net) 25,188.51 18,516.86 17,194.09 16,391.78 14,167.86 12,647.11 11,830.33
Other Income 451.89 366.02 357.54 284.81 277.5 300.17 249.43 Ind As
Total Revenue 25,640.40 18,882.88 17,551.63 16,676.59 14,445.36 12,947.28 12,079.76
EXPENSES:
Cost of Material
Internally Consumed
Manufactured Intermediates or 13,838.90 8,524.17 8,432.51 8,647.82 7,100.16 6,737.45 5,865.94
Components Consumed 0 0 0 0 0 0 0
Purchases
Changes inof Stock-in-Trade
Inventories of Finished Goods, Work-in- 2,978.69 1,649.06 1,283.88 1,010.66 742.57 646.53 524.42
Progress and Stock-in-Trade -1,208.63 -90.7 -210.21 -247.86 154.12 -515.58 194.51
Employee Benefits / Salaries & other Staff Cost 1,310.14 1,128.66 985.43 900.14 791.08 742.83 666.83
Finance Cost 70.25 71.66 78.38 78.6 21.06 18.86 23.4
Depreciation and Amortization 721.56 697.47 689.97 540.77 311.11 295.43 234.51
Other Expenses 3,681.62 2,812.89 2,845.44 2,576.21 2,459.43 2,365.04 2,101.70
Total Expenses 21,392.53 14,793.21 14,105.40 13,506.34 11,579.53 10,290.56 9,611.31
Profit Before Exceptional Items and Tax 4,247.87 4,089.67 3,446.23 3,170.25 2,865.83 2,656.72 2,468.45
Exceptional Items Before Tax -53.73 0 -33.2 0 0 0 -65.35
Profit Before Extraordinary Items and Tax 4,194.14 4,089.67 3,413.03 3,170.25 2,865.83 2,656.72 2,403.10
Prior Year Adjustments 0 0 0 0 0 0 0
Other Adjustments Before Tax 0 0 0 0 0 0 0
Extraordinary Items Before Tax 0 0 0 0 0 0 0
Profit Before Tax 4,194.14 4,089.67 3,413.03 3,170.25 2,865.83 2,656.72 2,403.10
Tax Expenses 1,059.43 1,037.87 759.08 1,038.08 971.03 855 780.29
Current Tax 1,107.29 1,052.72 871.15 881.64 968.87 817.27 743.74
Deferred Tax -51.02 -21.31 -117.73 158.61 2.57 41.33 39.88
Other Tax Adjustments 3.16 6.46 5.66 -2.17 -0.41 -3.6 -3.33
Current Tax - MAT / MAT Credit Entitlement 0 0 0 0 0 0 0
Fringe Benefits Tax 0 0 0 0 0 0 0
Provision for Wealth Tax 0 0 0 0 0 0 0
Adjust for Previous Year 3.16 6.46 5.66 -2.17 -0.41 -3.6 -3.33
Others 3.16 6.46 5.66 -2.17 -0.41 -3.6 -3.33
Profit After Tax 3,134.71 3,051.80 2,653.95 2,132.17 1,894.80 1,801.72 1,622.81
Pre-acquisition Profit 0 0 0 0 0 0 0
Profit After Pre-acquisition Profit 3,134.71 3,051.80 2,653.95 2,132.17 1,894.80 1,801.72 1,622.81
Extraordinary
Profit/(Loss) forItems After Tax
the period from Continuing 0 0 0 0 0 0 0
Operations 3,134.71 3,051.80 2,653.95 2,132.17 1,894.80 1,801.72 1,622.81
Discontinued Operations 0 0 0 0 0 0 0
Profit / (Loss) from Discontinuing Operations 0 0 0 0 0 0 0
Tax Expense of Discontinuing Operations 0 0 0 0 0 0 0
Accounting Changes 0 0 0 0 0 0 0
Profit Attributable to Shareholders 3,134.71 3,051.80 2,653.95 2,132.17 1,894.80 1,801.72 1,622.81
Adjustments to Net Income 0 0 0 0 0 0 0
Interim Preference Dividend 0 0 0 0 0 0 0
Proposed / Final Preference Dividend 0 0 0 0 0 0 0
Prior Year Preference Dividend Paid 0 0 0 0 0 0 0
Preference Dividend 0 0 0 0 0 0 0
Preference Dividend Tax 0 0 0 0 0 0 0
Profit Attributable to Ordinary Shareholders 3,134.71 3,051.80 2,653.95 2,132.17 1,894.80 1,801.72 1,622.81
Others 3.16 6.46 5.66 -2.17 -0.41 -3.6 -3.33
Transfer from Reserves 0 0 0 0 0 0 0
Unappropriated Profits Brought Forward 0 0 0 0 0 0 0
Profits Available for Appropriation 3,134.71 3,051.80 2,653.95 2,132.17 1,894.80 1,801.72 1,622.81
Dividend 0 0 0 0 0 0 0
Transfer to Reserves 0 0 0 0 0 0 0
Dividend Tax 0 0 0 0 0 0 0
Capitalization for Bonus Issue 0 0 0 0 0 0 0
Unappropriated Profits Carried Forward 3,134.71 3,051.80 2,653.95 2,132.17 1,894.80 1,801.72 1,622.81
Other
OtherComprehensive
ComprehensiveIncomeIncome:That Will Not Be
Reclassified to Profit OrIncome
Other Comprehensive Loss That Will Be -69.44 48.4 47.91 -17.01 -1.36 136.14 -18.13
Reclassified to Profit Or Loss : -2.87 2.13 2.49 -1.17 -2.61 2.9 0.87
Other Comprehensive Income no Specification : 0 0 0 0 0 0 0
Non-Controlling Interests 0 0 0 0 0 0 0
Total Comprehensive Income for the Year 3,062.40 3,102.33 2,704.35 2,113.99 1,890.83 1,940.76 1,605.55
Earning Per Share - Basic 32.68 31.82 27.67 22.23 19.75 18.78 16.92
Earning Per Share - Diluted 32.68 31.82 27.67 22.23 19.75 18.78 16.92
Dividend Per Share
Interim 1 3.65 3.35 3.35 2.85 2.65 2.65 2.2
Interim 2 0 0 7.15 0 0 0 0
Interim 3 0 0 0 0 0 0 0
Interim 4 0 0 0 0 0 0 0
Special 0 0 0 0 0 2 0
Final 15.5 14.5 1.5 7.65 6.05 5.65 5.3
Total Dividend Per Share 19.15 17.85 12 10.5 8.7 10.3 7.5
Dividend Percentage
Interim 1 3.65 3.35 3.35 2.85 2.65 2.65 2.2
Interim 2 0 0 7.15 0 0 0 0
Interim 3 0 0 0 0 0 0 0
Interim 4 0 0 0 0 0 0 0
Special 0 0 0 0 0 2 0
Final 15.5 14.5 1.5 7.65 6.05 5.65 5.3
Total Dividend Percentage 1,915.00 1,785.00 1,200.00 1,050.00 870 1,030.00 750
Total Dividend 1,836.87 1,712.17 1,151.04 1,007.16 834.5 987.97 719.39
Preference Dividend 0 0 0 0 0 0 0
Weighted Average Number of Shares in Issue - Basic 95.92 95.92 95.92 95.92 95.92 95.92 95.92
Weighted Average Number of Shares in Issue - Diluted 95.91 95.92 95.92 95.92 95.92 95.92 95.92
Interim Dividend Amount 350.11 321.33 1,007.16 273.37 254.19 254.19 211.02
Final Dividend Amount 1,486.76 1,390.84 143.88 733.79 580.31 541.94 508.37
Special Dividend Amount 0 0 0 0 0 191.84 0
Dividend Amount Calculated 0 0 0 0 0 0 0
Other Dividend Amount 0 0 0 0 0 0 0
cash flow of asian paints

Year 202203 202103 202003 201903 201803

Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year 3,133.58 694.06 1,156.36 683.07 1,156.99
Net Cash from Operating Activities 1,260.31 3,458.58 2,813.07 2,395.25 2,136.09
Net Profit before Tax & Extraordinary Items 4194.14 4089.67 3413.03 3170.25 2865.83
Depreciation 721.56 697.47 689.97 540.77 311.11
Interest (Net) -1.67 30.76 36.71 54.11 -4.48
Dividend Received -27.35 -16.45 -34.73 -45.6 -42.66
P/L on Sales of Assets -40.36 -18.37 -10.5 -13.91 2.91
P/L on Sales of Invest 0 0 0 0 0
Prov. & W/O (Net) 90.13 28.46 54.65 6.96 8.69
P/L in Forex 4.82 -16.73 36.74 -9.11 -9.26
Fin. Lease & Rental Chrgs 0 0 0 0 0
Others -72.86 -96.28 -69.85 -59.85 -50.65
Total Adjustments (PBT & Extraordinary Items) 674.27 608.86 702.99 473.37 215.66
Op. Profit before Working Capital Changes 4868.41 4698.53 4116.02 3643.62 3081.49
Trade & 0th receivables -1141.62 -724.39 116.12 -114.38 -149.65
Inventories -2153 -297.14 -242.37 -406.67 15.66
Trade Payables 593.44 960.72 -368.18 173.82 365
Loans & Advances 0 0 0 0 0
Investments 0 0 0 0 0
Net Stock on Hire 0 0 0 0 0
Leased Assets Net of Sale 0 0 0 0 0
Trade Bill(s) Purchased 0 0 0 0 0
Change in Borrowing 0 0 0 0 0
Change in Deposits 0 0 0 0 0
Others 202.11 -164.16 124.83 12.7 -190.67
Total (OP before Working Capital Changes) -2499.07 -224.97 -369.6 -334.53 40.34 1770.61
Cash Generated from/(used in) Operations 2369.34 4473.56 3746.42 3309.09 3121.83
Interest Paid(Net) 0 0 0 0 0
Direct Taxes Paid -1109.03 -1014.98 -933.35 -913.84 -985.74
Advance Tax Paid 0 0 0 0 0
Others 0 0 0 0 0
Total-others -1109.03 -1014.98 -933.35 -913.84 -985.74
Cash Flow before Extraordinary Items 1260.31 3458.58 2813.07 2395.25 2136.09 1206.09
Excess Depreciation W/b 0 0 0 0 0
Premium on Lease of land 0 0 0 0 0
Payment Towards VRS 0 0 0 0 0
Prior Year 's Taxation 0 0 0 0 0
Gain on Forex Exch. Tran 0 0 0 0 0
Others 0 0 0 0 0
Net Cash Used in Investing Activities -339.98 -436.16 -774.65 -832.8 -1,370.96
Purchased of Fixed Assets -415.05 -218.46 -306.43 -1067.26 -1358.32
Sale of Fixed Assets 27.29 25.56 26.35 15 9.37
Capital Expenditure 0 0 0 0 0
capital WIP 0 0 0 0 0
Capital Subsidy Recd 0 0 0 0 0
Purchase of Investments 0 -139.84 -24.95 -325 -153.39
Sale of Investments 207.49 272.32 116.76 485.14 195.68
Investment Income 0 0 0 0 0
Interest Received 56.2 46.91 41.26 33.12 19.59
Dividend Received 15.16 16.45 34.73 45.6 42.66
Invest.In Subsidiaires 0 0 -379.84 0 -211.55
Loans to Subsidiaires 0 0 -6.25 -1.65 0
Investment in Group Cos 0 0 0 0 0
Issue of Sh. on Acqu. of Cos 0 0 0 0 0
Canc. of Invest. in Cos Acq. 0 0 0 0 0
Acquisition of Companies -79.99 0 0 0 0
Inter Corporate Deposits 0 0 0 0 0
Others -151.08 -439.1 -276.28 -17.75 85
Net Cash Used in Financing Activities -1,989.32 -582.9 -2,500.85 -1,089.16 -1,239.05
Proceeds from Issue of shares (incl share premium) 0 0 0 0 0
Proceed from Issue of Debentures 0 0 0 0 0
Proceed from 0ther Long Term Borrowings 86.12 117.13 17.86 153.88 0
Proceed from Bank Borrowings 0 0 0 0 0
Proceed from Short Tem Borrowings 0 0 0 0 0
Proceed from Deposits 0 0 0 0 0
Share Application Money 0 0 0 0 0
Cash/Capital Investment Subsidy 0 0 0 0 0
Loans from a Corporate Body 0 0 0 0 0
Share Application Money Refund 0 0 0 0 0
On Redemption of Debenture 0 0 0 0 0
Of the Long Tem Borrowings -7.89 -5.9 0 -1.42 -1.98
Of the short term Borrowings 0 0 0 0 0
Of financial Liabilities -183.24 -158.71 -148.72 -144.77 0
Dividend Paid -1740.95 -466.06 -2090.41 -1022.47 -1184.83
Shelter Assistance Reserve 0 0 0 0 0
Interest Paid -68.41 -69.36 -76.78 -74.38 -20.16
Others -74.95 0 -202.8 0 -32.08
Net Inc/(Dec) in Cash and Cash Equivalent -1,068.99 2,439.52 -462.43 473.29 -473.92
Cash and Cash Equivalents at End of the year 2,064.59 3,133.58 693.93 1,156.36 683.07

Finance >>Balance Sheet IND>>Asian Paints Ltd

Year 202203 202103 202003 201903 201803 201703 201603
ASSETS
Non-Current Assets:
Fixed Assets 4,779.41 4,882.03 5,068.95 5,400.51 3,960.37 2,824.44 2,721.78
Property, Plant and Equipment 3,689.63 3,971.80 4,148.60 4,430.62 2,477.44 2,512.01 2,532.97
Capital Work in Progress 225.47 118.56 108.09 179.31 1,391.84 219.76 92.79
Intangible Assets 78.11 76.88 85.63 89.97 91.09 92.67 96.02
Intangible Assets under Development 0 0 0 0 0 0 0
Fixed Assets Held For Sale 0 0 0 0 0 0 0
Lease Adjustment 0 0 0 0 0 0 0
Biological Assets other than Bearer Plants 0 0 0 0 0 0 0
Non-current Investments
Investment
InvestmentsProperties
in Subsidiaries, Associates and Joint 0 0 0 0 0 0 0
venture 1,095.56 1,015.57 1,176.99 830.35 830.35 618.8 468.44
Financial Assets :
Investments of Life Insurance Business 0 0 0 0 0 0 0
Investments - Long-term 550.69 984.95 1,048.59 987.02 716.98 979.4 851.2
Loans - Long - Term 0 0 64.11 76 79.08 70.27 61.07
Others Financial Assets - Long-term 470.61 579.23 232.47 220.7 144.75 198.05 30.54
Non Current Tax Assets - Long - Term 144.58 132.84 137.94 81.48 49.5 36.48 15.15

Insurance Related Assets 0 0 0 0 0 0 0

Other Non-current Assets 119.56 39.44 32.87 33.48 305.81 200.39 35.01
Deferred Tax Assets (Net) 0 0 0 0 0 0 0
Total Reported Non-current Assets 7,160.41 7,634.06 7,761.92 7,629.54 6,086.84 4,927.83 4,183.19

Current Assets:

Inventories 5,277.61 3,124.61 2,827.47 2,585.10 2,178.43 2,194.09 1,610.12

Biological Assets other than Bearer Plants 0 0 0 0 0 0 0
Financial Assets :
Current Investments 2,164.34 3,178.81 432.35 1,146.63 1,030.01 1,315.40 1,477.00
Trade Receivables 2,915.77 1,809.75 1,109.22 1,244.95 1,138.20 994.63 759.06
Cash and Cash Equivalents 276.04 113.27 336.96 98.33 106.7 62.01 76.75
Bank Balances Other Than Cash and Cash Equivalents 32.53 21.64 39.1 69.19 14.14 143.93 84.03
Loans - Short-term 0 0 21.31 13.98 12.17 13.55 9.65
Others Financial Assets - Short-term 1,645.41 1,252.27 846.96 567.63 627.23 474.07 306.27
Current Tax Assets - Short-term 0 0 0 0 0 0 0
Insurance Related Assets 0 0 0 0 0 0 0
Other Current Assets 436.22 446.41 212.33 327.54 393.29 231.95 217.92
Assets Classified as Held for Sale 0 0 0 0 0.92 0.57 0.96
Total Current Assets 12,747.92 9,946.76 5,825.70 6,053.35 5,501.09 5,430.20 4,541.76
Foreign Currency Monetary Item Translation
Difference Account 0 0 0 0 0 0 0

Regulatory
Other AssetsDeferral Account
Excluding - Debit and
Non-Current Balance
Current 0 0 0 0 0 0 0
Assets 0 0 0 0 0 0 0

Total Non-Current and Other Assets 7,160.41 7,634.06 7,761.92 7,629.54 6,086.84 4,927.83 4,183.19

Total Assets 19,908.33 17,580.82 13,587.62 13,682.89 11,587.93 10,358.03 8,724.95

EQUITY AND LIABILITIES

Share Capital 95.92 95.92 95.92 95.92 95.92 95.92 95.92

Number of Equity Shares - Bought Back during the
Current
Numberperiod
of Total Bonus Shares Issued upto Current 0 0 0 0 0 0 0
period 93.99 93.99 93.99 93.99 93.99 93.99 93.99
Number of Equity Shares - Paid Up 95.92 95.92 95.92 95.92 95.92 95.92 95.92
Paid Up Capital 95.92 95.92 95.92 95.92 95.92 95.92 95.92
Treasury
Number ofShares
Bonus Shares Issued During the Current 0 0 0 0 0 0 0
Period. 0 0 0 0 0 0 0
Number of Shares Splitted During the Current Period. 0 0 0 0 0 0 0

Other Equity 13,253.17 11,993.27 9,357.37 8,747.04 7,702.24 6,998.83 5,829.81

Money Received Against Share Warrants 0 0 0 0 0 0 0

Employee Stock Options / Others 0 0 0 0 0 0 0

Share Application Money Pending Allotment 0 0 0 0 0 0 0

Total Stockholders’ Equity 13,349.09 12,089.19 9,453.29 8,842.96 7,798.16 7,094.75 5,925.73

Total Equity 13,349.09 12,089.19 9,453.29 8,842.96 7,798.16 7,094.75 5,925.73

Non-Current Liabilities:
Long Term Borrowings 16.16 14.31 18.5 10.89 9.87 10.38 29.27
Others Financial Liabilities - Long-term 1.14 1.09 0.46 1.38 0.65 2.31 1.68
Non Current Tax Liabilities - Long-term 0 0 0 0 0 0 0
Long-term Provisions 168.29 163.51 136.78 118.48 107.35 109.84 94.23
Deferred Tax Liabilities (Net) 205.3 265.19 282.68 392.39 270.33 261.17 217.17
Insurance Related Liabilities 0 0 0 0 0 0 0
Other Non-Current Liabilities 2.11 3.41 4.64 1.52 2.61 3.65 1.82
Total Reported Non-current Liabilities 911.8 916.24 939.28 998.52 390.81 387.35 344.17

Current Liabilities:

Short Term Borrowings 0 7.89 0 4.35 0 26.84 0

 Trade Payables 3,497.29 2,814.30 1,760.08 2,062.29 1,851.50 1,671.26 1,333.20
Others Financial Liabilities - Short-term 1,524.78 1,276.65 1,118.89 1,429.38 1,208.56 879.99 823.47
Current Tax Liabilities - Short-term 100.85 87.69 48.59 48.67 51.06 55.32 63.8
Provisions 38.08 57.91 44.14 52.27 42.85 36.2 36.35
Insurance Related Liabilities 0 0 0 0 0 0 0
Other Current
Liabilities Liabilities
Directly Associated with Assets Classified as 307.22 173.73 80.92 119.23 244.99 206.32 198.23
Held for Sale 0 0 0 0 0 0 0
Total Current Liabilities 5,647.44 4,575.39 3,195.05 3,841.41 3,398.96 2,875.93 2,455.05
Foreign Currency Monetary Item Translation
Difference Account 0 0 0 0 0 0 0

Hybrid Perpetual Securities 0 0 0 0 0 0 0

Regulatory Deferral Account - Credit Balance 0 0 0 0 0 0 0

Other Liabilities Excluding Equity, Non-Current and
Current Liabilities 0 0 0 0 0 0 0

Total Equity and Liabilities 19,908.33 17,580.82 13,587.62 13,682.89 11,587.93 10,358.03 8,724.95
Contingent Liabilities and Commitments (to the Extent
Not Provided for) 1,225.43 516.36 390.08 332.86 1,108.50 1,463.64 351.2
Book Value of Share 139.17 126.03 98.55 92.19 81.3 73.97 61.78