BALANCE SHEET of

Consolidated Steels LTD as on 31/12/1982

LIABILITIES Amt(Rs.) Amt(Rs.)

Share Capital 60558000
Deffered 113637000
Creditors 57501000
Advances received against orders 24370500
Unclaimed Dividends 71250
INCOME TAX LIABILITY 14000
INTEREST ACCURED 759650
DIVIDEND PROPOSED 6055550
Unsecured loans 35949000
Reserves & surplus 21955500
Owner's Equity(Profit & Loss A/C) 31631080
Accumulated Depreciation :
On Building 14362500
On Plant & Machinery 76730250
On Furniture & Fixtures 2381250
On Vehicles 905250 94379250

TOTAL 446881780

ASSETS
Land & Roads 3360000
Building 34243500
Plant & Machinery 117989250
Furniture & Fixture 7305750
Vehicles 1455000
Capital Work in progress 2289000
Investments 4119750
Loose tools Stock 507000
LOOSE TOOLS WRITTEN OFF -89500 417500
Stores Stock 53382000
Raw material Stock 45777750
RAW MATERIALS WRITTEN OFF -430200 45347550
Debtors 53014500
PROVISION FOR DOUBTFUL DEBTS -468000 52546500
cash & bank balance 3388500
PILFREGE -5500 3383000
Loans & Advances 41090250
INTEREST TO WORKING CAPITAL 528000
DIVIDEND RECIEVED ON UNSECURED LOAN 65280
CLOSING STOCK WORK IN PROGRESS 57836250
CLOSING STOCK FINISHED GOODS 21807000
CASH SUBSIDY recievable from Govt. 732000
STORES WRITTEN OFF -689400
LIQUIDATED ASSETS -326400 -1015800

TOTAL 446881780
PROFIT AND LOSS ACCOUNT
REVENUE AMT
Sales 497322750
Cash Subsidy 5730000
DIVIDEND RECEIVED 65280
work in progress 57836250
finished goods 21807000
Cash Subsidy 732000

TOTAL 583493280

EXPENSES AMT
Raw material consumed 158803500
Interest 10689750
Depreciation 9591750
Stores and spares consumed 126394500
power and fuel 42966000
subcontracting 31426500
rent, rates, taxes 1378500
insurance 988500
advertisement 446250
repairsand maintenance 1895250
freight and carriage 3060000
bad debts and advances written off 744000
miscellaneous expenses 10664250
excise duty 6731250
salaries, wages, 67650000
staff welfare 5049000
Opening stock work in progress 53638500
Opening stock finished goods 11434500
Raw material written off 430200
loose tools written off 89500
stores written off 689400
excess cash 5500
interest accrued 759650
dividend proposed 6055550
incom tax liability 14000
provision of doubtful debts 468000
LIQUIDATED BAD DEBTS 326400
amount taken from interest to be capitalised -528000
TOTAL 551862200
Net profit 31631080
P &L A/c
Revenues 503784750
Cost of goods sold -273687750
Excise duty -6731250
GROSS PROFIT 223365750

Dividends received 65280

Total Revenues 223431030
Operational Expenses
Operational expenses 86291350

Marketing
Advertisement 446250
HR & Admin
Staff welfare, salaries, repairs 74594250
Finance
Insurance, rates, taxes 9187700
Total operating expense 170519550

Non operating expenses

Depreciation 9591750
Bad debts and advance written off 744000
Miscellaneous 10664250
provision of doubtful debts 468000
LIQUIDATED BAD DEBTS 326400
interest accrued -528000
Total non operating expense 21266400

Total Expenses 191785950

Profit before Tax 31645080

IT Provision -14000

Profit after Tax 31631080

REVENUES
Sales 497322750
Cash Subsidy 5730000 1
2
LIABILITIES 3
Share Capital 60558000 4
Reserves & surplus 21955500
Deffered 113637000 5
Unsecured loans 35949000
Creditors 57501000
Advances received against order 24370500 6
Unclaimed Dividends 71250 7
563610750 8
ASSETS 9
Land & Roads 3360000 10
Building 34243500
Plant & Machinery 117989250
Furniture & Fixture 7305750
Vehicles 1455000
Capital Work in progress 2289000
Investments 4119750
Loose tools Stock 507000
Stores Stock 53382000
Raw material Stock 45777750
Debtors 53014500
cash & bank balance 3388500
Loans & Advances 41090250

EXPENSES
Raw material consumed 158803500
Interest 10689750
Depreciation 9591750
Stores and spares consumed 126394500
power and fuel 42966000
subcontracting 31426500
rent, rates, taxes 1378500
insurance 988500
advertisement 446250
repairsand maintenance 1895250
freight and carriage 3060000
bad debts and advances written o 744000
miscellaneous expenses 10664250
excise duty 6731250
salaries, wages, 67650000
staff welfare 5049000
Opening stock work in progress
Opening stock finished goods 11434500

DEPRECIATION ACCUMULATED
On Building 14362500
On Plant & Machinery 76730250
On Furniture & Fixtures 2381250
On Vehicles 905250
adjustments
528000 A+ Int -
468000 E+ Debtors -
14000 Lia + Exp +
326400 A - Loans & ad Bad debts +
65280 A + Cash &bank rev +
430200 Closing STc - Exp +
89500 Closing STc - Exp +
689400 Closing STc - Exp +
5500 A Cash - Exp +
732000 Rev + A cash +
759650 Lia + Exp +
6055550 Lia + Exp +
57836250 rev + a closin stk +
21807000 rev + a closin stk +

Revenues 5E+08
Excise duty 6731250
Cost of goods 3E+08