Balance Sheet of M/s Free Flow Fluids as on 30th June 2007

Particulars
Schedule
No.
Figures as at the end of
Current
Financial
year
Previous
Financial
year
I. SOURCE OF FUNDS
(1) Shareholders' funds :
(a) Capital
(b) Reserves and surplus
(2) Loan funds
(a) Secured loans
(b) Unsecured loans
TOTAL
II. APPLICATION OF FUNDS
(1) Fixed assets :
(a) Gross; block
(b) Less : Depreciation
(c) Net block
(d) Capital work-in-progress
(2) Investments
(3) Current assets, loans and advances :
(a) Inventories
(b) Sundry debtors
(c)
(d) Other current assets
(e) Loans and advances
Less : Current liabilities and provisions:
(a) Liabilities
(b) Provisions
(4)
(a) Miscellaneous expenditure to the extent
not written off or adjusted
(b) Profit and loss account
TOTAL
 In the books of XYZ Ltd
Balance Sheet as on 31st March, 2007
PARTICULARS SCHEDULE 31/03/07 31/03/06
(IN RS.)

I.SOURCES OF FUNDS

1. Shareholder’s Fund
a) Equity Share Capital 200,000
b) 10% Preference Share Capital 100,000
c) General Reserve 200,000
(-) Underwriting Commission (10,000)

2. Loan Funds
a) 12% Debentures 100,000

Total 590,000

II. APPLICATION OF FUNDS

1. Fixed Assets
Land and Building(at W.D.V) 100,000
Plant & Machinery(at W.D.V) 120,000
Capital Wip 75,000

2. Investments
Long Term Investments 90,000

3. Current Assets, Loans & Advances

Inventories
Book Debts 200,000
Current Investments 200,000
Prepaid Expenses 50,000
Cash at Bank 10,000
Bills receivable 40,000
Advance Tax 75,000
30,000

[A] 605,000
 (-) Current Liabilities & Provisions
Accounts Payable 160,000
Bank Overdraft 100,000
Acceptances Given 75,000
Income received in advance 25,000
Provision for Taxation 40,000

[B] 400,000

Net Current Assets [A-B] 205,000

Total 590,000

Ratios:

Current Ratios: Current Assets/ Current Liabilities

= 605,000/400,000

=1.51:1

Liquid Ratio: (Book Debts+Current Investments+Cash +Bills Receivable)

(/) (Accounts Payable+Acceptance Given+ Provision for Tax)

365000/275000
1.22:1

Stock to Working Capital Ratio:

Inventories/ Working Capital

200000/205000

0.98:1
Proprietory Ratio: Shareholders Funds/Total Assets

490000/990000

0.49

Capital Gearing Ratio: Preference Share Capital + Debenturs/ Equity Capital + General
Reserve

200000/390000

0.51

Debt-Equity Ratio

Debentures/Shareholders Funds

100000/490000

0.20