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Day 5: Issues for Discussion

Profitability
M & M BS
IKIWL BS
CESU BS

Day 5: Issues for Discussion


Profitability
M & M BS
IKIWL BS
CESU BS

Balance Sheet

Income statement
opening
closing
100,000
300,000
100,000
100,000

Capital
Rserves
12% Loan
Creditors
9% CB

600,000
Plant
Accumulated Depreciation
Stock
Cash
X shares

300,000
-100,000
300,000
100,000
0
600,000

0
0

Transactions
Sold 50% Stock
Rent paid
Salary
Purchase of X shares
( 1000 shares of 10 each)
Issued convertible Bonds
(1000 9% CBs of 100)
Depreciation per year
Market value of the plant

300,000
50,000
20,000
50,000

100,000
20,000
165,000

CFS

Liquidity Ratios
CR
LR
ABC
Solvency Ratios
DER
ICR
D/TA
E/TA

Adjusted PAT
0
0
0
0

General Profitability
PAT/Sales
Expenses/Sales
COGS/Sales
Dep/Sales
Impairment/Sales
Interest/Sales
Overall Profitability
ROE= PAT/E

Shares

EPS/No of shares

Actual

ROCE =PBIT/Ce

Potential

Diluted EPS

Mahendra & Mahendra


Balance Sheet
Capital
RS
Loans
CL
FA
Investments
Current Assets

2009
273
4947
4053
4798
14070
3202
5786
5081
14070

Relevant Ratios as on 31st March 2009


CE /TA
Current Ratio
Debt Equity Ratio
Debt to Total Assets
Working capital
Other incomes %
othe incomes

& Mahendra
Income Statement
sales
Other Income
COGS
OPEX
Depreciation
Interest
PBT
Tax
PAT

s on 31st March 2009


PBT to Total Income
Other income/TI
OPEX /TI
Depreciation/TI
PBIT
PBIT/TI
ROCE

13125.98
305.98
13431.96
9365
2668.73
291.51
134.12
12459.36
972.6
199.69
772.91

Condensed Balance Sheet


Capital
Reserves
LTL
Secured Loans
Unsecured Loans
CL
Provisions
Total Sources
FA or PPE
Gross Block
Less: Depreciation to date
Net Block
Capital WIP
Investments
Current Assets
Inventories
Debtors
Cash and Bank
Other Current Assets
Loans and Advances
Misc Expenditure and Losses
Total Assets

Mar'10
7,010
0
7,850
164
7,687
10,237
338
25,436
11,509
3,903
7,606
172
0
11,169
7,842
1,067
170
362
1,728
6,488
25,436

Mar '09
Mar '08 Mar '07
4,510
4,510
4,510
0
0
0
8,318
8,663
7,902
245
28
204
8,073
8,635
7,698
11,914
10,454
4,965
151
519
245
24,893
24,147
17,622
11,050
3,374
7,676
214
0
14,863
10,228
1,962
809
413
1,451
2,139
24,893

10,893
2,866
8,028
127
0
14,482
9,199
2,047
1,324
383
1,529
1,510
24,147

10,630
2,371
8,259
0
0
7,325
4,115
926
724
497
1,063
2,037
17,622

Mar '06
4,510
0
8,951
422
8,529
5,345
260
19,066
10,526
1,887
8,639
36
0
6,705
3,628
1,313
452
386
925
3,686
19,066

Mar'05
4,510
0
9,531
2,076
7,454
6,804
267
21,112
10,480
1,409
9,071
0
0
8,985
5,766
1,251
354
332
1,281
3,057
21,112

Mar'10

Mar'11

Mar'12

Mar'13

Mar'14

Mar'15

BALANCE SHEET of Central Electricity Supply Utility


As At
(Previous Year)
31.03.2011

As At
(CurrentYear)
31.03.2012

SOURCES OF FUNDS
Shareholders Funds

39,351.53
7,272.00
32,079.53

42,902.57
7,272.00
35,630.57

Loan Funds

135,322.72
2,308.15
69,330.19
63,684.38

155,927.24
1,952.99
81,030.19
72,944.06

28,365.76
203,040.01

33,523.38
232,353.18

99,608.88
68,348.19

114,906.04
75,997.58

31,260.69
5,992.75
37,253.44

38,908.46
14,384.05
53,292.51

115,162.37
5,335.66
24,000.79
865.94
26,788.44
1,580.38
173,733.60

115,162.37
6,551.89
36,926.69
1,084.97
26,788.44
1,675.21
188,189.57

85,282.57
55,239.98
7,691.47
1,040.38
62,772.36
212,026.76
-38,293.16
204,080.00
203,040.27

84,282.57
68,375.18
16,984.36
1,664.61
86,847.88
258,154.60
-69,965.03
249,026.00 represents the accumalated l
232,353.48

Share Capital
Reserves and Surplus

Secured Loans
Unsecured Loans
Accrued Interest
Consumers Security Deposits
Total
APPLICATION OF FUNDS
Fixed Assets
Gross Block
Less: Accumulated Depreciation
Net Block
Capital Work in Progress
Total Fixed Assets
Current Assets, Loans and Advances
Sundry Debtors
Inventories
Cash and Bank Balances
Loans & Advances
Receivables from GRIDCO
Other Current Assets
Total Current Assets
Less: Current Liabilities and Provisions
Liabilities for Power Purchase
Liabilities to Trust Fund
Sundry Creditors
Deposits and Retentions from Customer & Suppliers
Other Liabilities & Provisions
Total Current liabilities
Net Current Assets
Profit & Loss Account Debit Balance
Total application of Funds

Equity
LTD
CL

FA
Invest
CA

Not tallying because equity= Share capital + Reserves - Misc expenses -Accumalated losses
Company is sick because accumalated loss is inceasing
Loss making company must show losses on assets side (Schedule 6)
Feature of this balance sheet
:Negative equity
:Negative working capital(dependent on short term funds)
positive equity and -ve working capital not an issue

epresents the accumalated losses(must subtaxt from equity)

2011
2012
39,351.53 42,902.57
163,688.48 189,450.61
212,026.76 258,154.60
415,066.77 490,507.78
37,253.44

53,292.51

173,733.60 188,189.57
210,987.04 241,482.07

correct using accumalated loss


2011
2012
Equity
-164,728.47 -206,123.43
LTD
163,688.48 189,450.61
CL
212,026.76 258,154.60
210,986.77 241,481.78
FA
Invest
CA

37,253.44

53,292.51

173,733.60
210,987.04

188,189.57
241,482.07

IS
Total Revenue
Less
COGS
Gross Profit
less
OPEX
PBDITA
less
Dep and Amortization
PBIT
less
Interest
PBT
less
tax
PAT
less
dividend
Retained profit