Professional Documents
Culture Documents
1998-99
3614 12 3626
1999-2000
4778 14 4792
2000-01
5088 108 5196
2001-02
5888 89 5977
2002-03
10282 276 10558
4340 931 3375 388 382 9416 1142 89 287 766 0 766
1998-99
100 0.33 100
1999-2000
100 0.29 100
2000-01
100 2.12 102
2001-02
100 1.51 102
2002-03
100 2.68 103
EXPENDITURE: Consumption of raw material Excise Duty General Expense Interest and Financial charges Depreciation TOTAL Profit Before Tax Add: Extra ordinary Items LESS: Provision for Taxation Profit after Tax LESS: Prior years' Tax adjustment Net Profit
BALANCE SHEET
1998-99 SOURCES OF FUNDS:
Share holders' fund: Share capital Reserves and surplus TOTAL Deferred tax liability Loan funds: Secured loans Unsecured loans TOTAL TOTAL 244 639 883 0 1008 392 1400 2283 318 4757 5075 0 902 1397 2299 7374 318 5126 5444 0 331 192 523 5967 298 5222 5520 393 1226 1438 2664 8577 314 4298 4612 857 3293 1136 4429 9898
1999-2000
2000-01
2001-02
2002-03
RS IN MILLIONS
APPLICATION OF FUNDS:
Fixed assets: Gross block LESS: Depreciation Net block Capital work in progress Pre operative & project expenses pending TOTAL Investments Net current assets: Current assets, loans & advances: Inventories Sundry Debtors Cash And bank balance Loans and advances TOTAL LESS: Current liabilities & provisions Current liabilities Provisions TOTAL Net current assets: Miscellaneous Expenditure: TOTAL 1314 126 1188 222 11 1421 81 2521 223 2298 241 9 2548 101 2735 349 2386 246 1 2633 1766 3901 527 3374 451 1 3826 1880 7921 1382 6539 284 6 6829 840
707 591 3787 623 5708 939 194 1133 4575 150 7374
837 516 419 750 2522 729 236 965 1557 11 5967
1756 1368 90 826 4040 1723 310 2033 2007 222 9898
1999-2000
2000-01
2001-02
2002-03
PERCENTAGE
APPLICATION OF FUNDS:
Fixed assets: Gross block LESS: Depreciation Net block Capital work in progress Pre operative & project expenses pending TOTAL Investments Net current assets: Current assets, loans & advances: Inventories Sundry Debtors Cash And bank balance Loans and advances TOTAL LESS: Current liabilities & provisions Current liabilities Provisions TOTAL Net current assets: Miscellaneous Expenditure: TOTAL 57.56 5.52 52.04 9.72 0.48 62.24 3.55 34.19 3.02 31.16 3.27 0.12 34.55 1.37 45.84 5.85 39.99 4.12 0.02 44.13 29.60 45.48 6.14 39.34 5.26 0.01 44.61 21.92 80.03 13.96 66.06 2.87 0.06 68.99 8.49
27.42 20.15 3.02 8.67 59.26 24.62 1.88 26.50 32.76 1.45 100
9.59 8.01 51.36 8.45 77.41 12.73 2.63 15.36 62.04 2.03 100
14.03 8.65 7.02 12.57 42.27 12.22 3.96 16.17 26.09 0.18 100
12.32 7.80 0.66 25.48 46.26 9.91 2.95 12.86 33.40 0.07 100
17.74 13.82 0.91 8.35 40.82 17.41 3.13 20.54 20.28 2.24 100
this method is pursued, the income statement exhibits each expense item or group of expense item as a percentage of net sales and net sales are taken at 100%. Similarly each individual liability and asset classified is shown as percentage of total assets and liabilities respectively statement prepared in this are referred to as common size statement. Common size comparative statements prepared would highlight the relative changes in each group of expenses, assets and liabilities. These statements can be equally useful for inter firm comparison, given than facts absolute figure of two firm of the same industry are not comparable. It shows that the percentage balance sheet is often known as the commo0n size balancesheet. Such balance sheet are in a broad term ratio analyze. General items in profit and loss account and in balance sheet are expressed in percentages. When expressed in this form the balancesheet and the profit and loss account are refereed to as common size statements. Such statements are useful in comparative analysis of the financial position and the operating result of the business.
The equity share capital was 5.33%, 3.47% &3.17% of Total Liability of the company in the year 2000-01,2001-02 and 2002-03 respectively. Reserve and surplus of the company was 85.91%, 60.88%and 43.42% in the year 2000-01,2001-02 and 2002-03 respectively. It shows decrease in share capital and Reserve and Surplus. Company has issue Equity capital in scheme of Amalgamation in the year 2002-03 so its percentage to total liability decreases. Loans of the company was 8.76%, 31.06% and 44.75% of the Total liability in the year 2000-01,2001-02 and 2002-03 Respectively. The percentage of secured and unsecured loan of the company shows increasing trend. This is happening because of company has taken more secured working capital loans in 2002-03 as compared to 2001-02.Current liabilities of the company was 12.21%, 9.91% and 17.41%in the year 2000-01,2001-02 and 2002-03 Respectively. Current liabilities increasing from year2001-02 to 2002-03 because of higher sundry creditors portion in current liabilities. Porvision of the company are 3.96%, 2.95% and 3.13% respectively. Fixed assets of the company was 44.13%, 44.61% and 68.99% in the year 200001,2001-02 and 2002-03 respectively. Fixed assets of the company shows increasing trend. Current assets of the company are 42.7%, 46.26% and 40.82% in the year 2000-01,2001-02 and 2002-03 Respectively. Fictitious assets are 0.18%, 0.07% and 2.24% in the year 2000-01,2001-02 and 2002-03 respectively. Fictitious assets shows increase for last year as compared to previous year, because of high compensation under voluntary retirement scheme.
analytical percentage when it expressed in this form of the profit and loss account are reffered to as common size profit and loss account. This statement is useful in comparative analysis of the financial position and the operating result of the business. In profit and loss account sales figure is assumed to be equal to 100 and all other figures are expressed as percentage of sales. This type of analysis is called vertical analysis. This is a static relationship because it is a study of relationship existing at a particular data. The statement so prepared are called common size income statement.