Standalone Profit and Loss Statement Maruti Suzuki M&M

Mar-16 Mar-15 Mar-16 Mar-15

Net revenue from operations 57746.3 49970.6 40884.9 38444.8
Other income 461.9 831.6 854.8 848.9
Total Revenue 58208.2 50802.2 41739.7 39293.7
Expenses
Cost of material consumed 35706.9 32867.8 19373.2 20272.5
Purchase of stock-in-trade 3126.4 2665.2 10409.3 7359.4
Change in inventories of FG, WIP& stock-in-trade 6.9 -455.9 -215.8 323.6
Employee benefit expenses 1988.7 1606.6 2342.2 2316.9
Finance costs 81.5 206 155.3 214.3
Depreciation and amortisation 2823.9 2470.3 1108.6 974.9
Other expenses 7999.1 6643.1 4485.3 4099.9
Cost of Mfd/purchased for own use -60.2 -69.1 -79.26 -100.9
Total expenses 51673.2 45934 37578.84 35460.6
Profit before exceptional items and tax 6535 4868.2 4160.86 3833.1
Add: Exceptional items 0 0 68.74 335.72
PBT 6535 4868.2 4229.6 4168.82
Current tax 2041.4 1302.6 857.6 835.9
MAT credit availed of 0 -70.4 -52 -92.7
Deferred tax (Net) -77.8 -75.2 256.8 104.6
Net profit for the year 4571.4 3711.2 3167.2 3321.02
Dividend (%) 700 500 240 240
Dividend 1057.3 755.2 745.31 745.31
Tax on Dividend 215.2 100.7 96 102
Per share data (in Rs.)
Dividend Per Share 35 25 12 12
Earnings per share 144.3 117.8 51.8 54.4
Book Value per share 894.3 784.9 718.8 637.6
Market price per share 3719 3699 1209 1187
Standalone Balance Sheet Maruti Suzuki M&M
Equity & Liabilities Mar-16 Mar-15 Change Mar-16 Mar-15
Share capital 151 151 296.32 295.7
Reserves & Surplus 26856.1 23553.2 21410.9 18959.39
Total Shareholders' fund 27007.1 23704.2 21707.22 19255.09
Non-current Liabilities
Long term borrowings 0 144.8 1495.42 2514.13
Deferred tax liabilities (Net) 474.1 481 1247.51 979.7
Other long term liabilities 122.4 105.4 596.4 614.3
Long term provisions 302.1 292.6 672.14 607.3
898.6 1023.8 4011.47 4715.43
Current liabilities
Short term borrowings 77.4 35.4 348.1 106.2
Trade payables
 Total outstanding duies of MSMEs 53.3 59 121.7 79.5
Total outstanding dues of other than MSMEs 6960 5359.1 6641.9 5285.9
7013.3 5418.1 6763.6 5365.4
Other current liabilities 2364.8 2007.4 2242.57 2041.1
Short term provisions 1834.5 1360.4 1339.3 1461.4
11290 8821.3 10693.57 8974.1
Total 39195.7 33549.3 36412.26 32944.62
Assets
Fixed Assets
Tangible assets 12420.9 11967 6902.6 5795.4
Intangible assets 346.9 292.3 1050.3 134
Capital work in progress 1006.9 1882.8 234.9 755.7
Intangible assets under development 0 0 1330.6 1423
13774.7 14142.1 9518.4 8108.1

Non current investments 16912.7 9817.6 11144.7 11372.7

Long term loans and advances 1349.7 1349.3 4057.4 3232.3

Other non-current assets 9 44.1 58.7 103.4
18271.4 11211 15260.8 14708.4
32046.1 25353.1 24779.2 22816.5
Current Assets
Current investments 873 2996.4 2375.7 1765.4
Inventories 3132.1 2685.9 2687.9 2437.6
Trade receivables 1298.6 1069.8 2512 2558
Cash and Bank Balances 39.1 18.3 2297 2064.8
Short term loans and advances 1556.5 1172.8 1179.3 773.1
Other current assets 250.2 253 581 529.3
7149.5 8196.2 11632.9 10128.2
Total 39195.6 33549.3 36412.1 32944.7
NCA -4140.5 -625.1 939.33 1154.1
Table-1: Cash Flow Statements: Total Cash Basis
Maruti Suzuki M&M Ltd
Sources of Cash Sources of Cash
1 0 1
2 0 2
3 0 3
4 0 4
5 0 5
6 0 6
7 0 7
8 0 8
9 0 9
10 0 10
11 0 11
12
12
14

Total 8835.3
Uses of Cash Uses of Cash
1 0 1
2 0 2
3 0 3
4 0 4
5 0 5
6 0 6
7 0 7
8 0 8
9 0 9
10
Total 8814.4
Surplus/(deficit) =Sources of cash-Uses of cash
Inc in Cash & BB (as per Balance Sheet)

Table-2.Amplified CF Statements
Maruti Suzuki M&M Ltd
Sources of Cash Sources of Cash
1 1
2 2
3 3
4 4
5 5
6 6
7 7
 8 8
9 9
10 10
11 11
12 12
13

Total 12927.7

Uses of Cash Uses of Cash

1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11
Total 9633
Surplus/(deficit) =Sources of cash-Uses of cash
Inc in Cash & BB (as per Balance Sheet)
Difference
Exp inc in R&S =PAT-Div-DDT
Actual inc (as per Balance Sheet)
Addl inc/(dec)=Actual Inc-Exp inc

Table-4: CF Statements-WC Basis

Maruti Suzuki M&M Ltd
Sources of WC Sources of WC
1 1
2 2
3 3
4 4
5 5
6
7
8
Total sources of WC 4240.4
Uses of WC for other than WC purposes Uses of WC for other than WC purposes
1 1
 2 2
3 3
4 4
5 5
6
Total uses for Non-WC purpose 7755.7
Funds available/(Released) for/from WC -3515.3
Changes in WC components Changes in WC components
Component Change Impact on WC
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
Net Dec in WC -3515.3
Is there a case of short-term funds
diverted to long-term purpose?
 Note-1: Definition of sources and uses of cash
0 Sources of cash Uses of cash
0 Inc in liab & equity Decrease in liab&equity
Dec in assets Inc in assets
0 Required:
0 Based on the above definition , classify changes in all itmes, except Cash & BB,
into source/use of cash and complete table-1. As given in the table there are
0 11 and 14 sources of cash for Maruti and M&M, respectively. Similarly, there are 9 and 10 uses of
0 cash for Maruti and M&M, respectively.
0 Sum of the sources and uses are given for self verificatio n
0
0
0
0
0

5558.25

0
0
0
0
0
0
0 Note-2: In amplified cash flow statement, all the items of table-1 , except change in
0 reserves & surplus change in fixed assets, remain same.
0 As, in general, change in res&surplus should be same as retained earnings,
0 instead of change in res & surplus, PAT is taken as source of cash
5325.81 and dividend (including DDT) is taken as use of cash. Similarly, change in net
fixed asset is samd as change in gross fixed assets less depreciation, instead of change
in NFA change is GFA (NFA+Dep) is reported as use of cash and depreciation is taken as source of cash. Based on the

Table-3: Changes in Res & Surplus components

Maruti Suzuki M&M Ltd
Mar-16 Mar-15 Change Mar-16 Mar-15 Change
Capital Reserves
Gen Reserves
Sec Premium Reserves
Revaluation Reserves
Debenture redem Res
Inv fluctuation res
Hedging res
 ESOP Res
Forex Translation
P&L Sruplus
Net Change 3302.9 2451.48

Note-3: Complete the details of Reserves& Surplus in table-3 by referring to relevant notes to financial statements fr

7382.54

Note-4: All the sources of long-term nature (non-current account related)

5059.92 are sources available to meet working capital needs. All the uses of cash
of long-term nature are uses of cash for non-working capital purpose. Dif
between total sources and total uses should reflect the change in WC
during the year. Net changes in WC components should be same as net change
in WC.
To complete table-4, copy all long term sources of cash and long term uses of cash
from table -1 under sourcs of WC and Uses of WC, respectively and
find the net diference, which is termed as funds available for WC (if it is positive)
oro funds released from WC (if it is negative)
Now, copy all sources and uses of cash of short-term natuire
(change in current asset and current liability items, incl cash&BB) under
Changes in WC components' and classify the change as 'decrease'
if the change results into decrease in NWC , similarly as 'increase'
if the change results into increase in NWC.
If the sources of WC > uses of WC, it is case of inc in NWC,
thererore, sum of inc in WC components should be more than
sum of dec in WC WC components. Find the diference ,
this should be same as dif of sources and uses of WC
No of sources /uses of WC and no of changes in WC components are given in table.
Sum of the same are also given for self verification.
3670.68
er than WC purposes This statement help to find if short term funds are
diverted to fund long term assets.
 3885.21
-214.53

Impact

-214.53
case of short-term funds
to long-term purpose?
and 10 uses of

as source of cash. Based on these changes, complete table-2 to prepare Amplified CF Statement.
t notes to financial statements from the annual reports of Maruti and M&M

nts are given in table.

Standalone Profit and Loss Statement Maruti Suzuki M&M
Mar-16 Mar-15 Mar-16 Mar-15
Net revenue from operations 57746.3 49970.6 40884.9 38444.8
Other income 461.9 831.6 854.8 848.9
Total Revenue 58208.2 50802.2 41739.7 39293.7
Expenses
Cost of material consumed 35706.9 32867.8 19373.2 20272.5
Purchase of stock-in-trade 3126.4 2665.2 10409.3 7359.4
Change in inventories of FG, WIP& stock-in-trade 6.9 -455.9 -215.8 323.6
Employee benefit expenses 1988.7 1606.6 2342.2 2316.9
Finance costs 81.5 206 155.3 214.3
Depreciation and amortisation 2823.9 2470.3 1108.6 974.9
Other expenses 7999.1 6643.1 4485.3 4099.9
Cost of Mfd/purchased for own use -60.2 -69.1 -79.26 -100.9
Total expenses 51673.2 45934 37578.84 35460.6
Profit before exceptional items and tax 6535 4868.2 4160.86 3833.1
Add: Exceptional items 0 0 68.74 335.72
PBT 6535 4868.2 4229.6 4168.82
Current tax 2041.4 1302.6 857.6 835.9
MAT credit availed of 0 -70.4 -52 -92.7
Deferred tax (Net) -77.8 -75.2 256.8 104.6
Net profit for the year 4571.4 3711.2 3167.2 3321.02
Dividend (%) 700 500 240 240
Dividend 1057.3 755.2 745.31 745.31
Tax on Dividend 215.2 100.7 96 102
Per share data (in Rs.)
Dividend Per Share 35 25 12 12
Earnings per share 144.3 117.8 51.8 54.4
Book Value per share 894.3 784.9 718.8 637.6
Market price per share 3719 3699 1209 1187
Standalone Balance Sheet Maruti Suzuki M&M
Equity & Liabilities Mar-16 Mar-15 Change Mar-16 Mar-15
Share capital 151 151 0 296.32 295.7
Reserves & Surplus 26856.1 23553.2 3302.9 21410.9 18959.39
Total Shareholders' fund 27007.1 23704.2 3302.9 21707.22 19255.09
Non-current Liabilities
Long term borrowings 0 144.8 -144.8 1495.42 2514.13
Deferred tax liabilities (Net) 474.1 481 -6.9 1247.51 979.7
Other long term liabilities 122.4 105.4 17 596.4 614.3
Long term provisions 302.1 292.6 9.5 672.14 607.3
898.6 1023.8 -125.2 4011.47 4715.43
Current liabilities
Short term borrowings 77.4 35.4 42 348.1 106.2
Trade payables
 Total outstanding duies of MSMEs 53.3 59 -5.7 121.7 79.5
Total outstanding dues of other than MSMEs 6960 5359.1 1600.9 6641.9 5285.9
7013.3 5418.1 1595.2 6763.6 5365.4
Other current liabilities 2364.8 2007.4 357.4 2242.57 2041.1
Short term provisions 1834.5 1360.4 474.1 1339.3 1461.4
11290 8821.3 2468.7 10693.57 8974.1
Total 39195.7 33549.3 5646.4 36412.26 32944.62
Assets
Fixed Assets
Tangible assets 12420.9 11967 453.9 6902.6 5795.4
Intangible assets 346.9 292.3 54.6 1050.3 134
Capital work in progress 1006.9 1882.8 -875.9 234.9 755.7
Intangible assets under development 0 0 0 1330.6 1423
13774.7 14142.1 -367.4 9518.4 8108.1

Non current investments 16912.7 9817.6 7095.1 11144.7 11372.7

Long term loans and advances 1349.7 1349.3 0.4 4057.4 3232.3
Other non-current assets 9 44.1 -35.1 58.7 103.4
18271.4 11211 7060.4 15260.8 14708.4
32046.1 25353.1 6693 24779.2 22816.5
Current Assets
Current investments 873 2996.4 -2123.4 2375.7 1765.4
Inventories 3132.1 2685.9 446.2 2687.9 2437.6
Trade receivables 1298.6 1069.8 228.8 2512 2558
Cash and Bank Balances 39.1 18.3 20.8 2297 2064.8
Short term loans and advances 1556.5 1172.8 383.7 1179.3 773.1
Other current assets 250.2 253 -2.8 581 529.3
7149.5 8196.2 -1046.7 11632.9 10128.2
Total 39195.6 33549.3 5646.3 36412.1 32944.7
NCA -4140.5 -625.1 -3515.4 939.33 1154.1
 Table-1: Cash Flow Statements: Total Cash Basis
Maruti Suzuki M&M Ltd
Sources of Cash Sources of Cash
1 Revenues and Surplus 3302.9 1
2 Other long term liabilities 17 2
3 Long term provisions 9.5 3
4 Short term borrowings 42 4
5 Trade payables 1595.2 5
6 Other current liabilities 357.4 6
7 Short term provisions 474.1 7
8 Capital work in progress 875.9 8
9 Other non-current assets 35.1 9
10 Current investments 2123.4 10
11 Other current assets 2.8 11
12
12
14

Total 8835.3
Uses of Cash Uses of Cash
1 Long term borrowings 144.8 1
2 Deferred tax liabilities (Net) 6.9 2
3 Tangible assets 453.9 3
4 Intangible assets 54.6 4
5 Non current investments 7095.1 5
6 Long term loans and advances 0.4 6
7 Inventories 446.2 7
8 Trade receivables 228.8 8
9 Short term loans and advances 383.7 9
10
Total 8814.4
Change Surplus/(deficit) =Sources of cash-Uses of cash 20.9
0.62 Inc in Cash & BB (as per Balance Sheet) 20.8
2451.51
2452.13 Table-2.Amplified CF Statements
Maruti Suzuki M&M Ltd
-1018.71 Sources of Cash Sources of Cash
267.81 1 PAT 4571.4 1
-17.9 2 Other long term liabilities 17 2
64.84 3 Long term provisions 9.5 3
-703.96 4 Short term borrowings 42 4
5 Trade payables 1595.2 5
241.9 6 Other current liabilities 357.4 6
7 Short term provisions 474.1 7
 42.2 8 Capital work in progress 875.9 8
1356 9 Other non-current assets 35.1 9
1398.2 10 Current investments 2123.4 10
201.47 11 Other current assets 2.8 11
-122.1 12 Depreciation 2823.9 12
1719.47 13
3467.64 12927.7
Total 12927.7

1107.2 Uses of Cash Uses of Cash

916.3 1 Long term borrowings 144.8 1
-520.8 2 Deferred tax liabilities (Net) 6.9 2
-92.4 3 Dividend with DDT 1272.5 3
1410.3 4 Intangible assets 54.6 4
5 Non current investments 7095.1 5
-228 6 Long term loans and advances 0.4 6
7 Inventories 446.2 7
825.1 8 Trade receivables 228.8 8
-44.7 9 Short term loans and advances 383.7 9
552.4 10 Increase in Gross Tangible Asset 3277.8 10
1962.7 SUM 12910.8 SUM
Total 12910.8
610.3 Surplus/(deficit) =Sources of cash-Uses of cash 16.9 Surplus/(deficit) =Sources of cash-Uses of cash
250.3 Inc in Cash & BB (as per Balance Sheet) 20.8 Inc in Cash & BB (as per Balance Sheet)
-46 Difference -3.9
232.2 Exp inc in R&S =PAT-Div-DDT 3298.9 Exp inc in R&S =PAT-Div-DDT
406.2 Actual inc (as per Balance Sheet) 3302.9 Actual inc (as per Balance Sheet)
51.7 Addl inc/(dec)=Actual Inc-Exp inc 4 Addl inc/(dec)=Actual Inc-Exp inc
1504.7
3467.4
-214.77 Table-4: CF Statements-WC Basis
Maruti Suzuki M&M Ltd
Sources of WC Sources of WC
1 Revenues and Surplus 3302.9 1
2 Other long term liabilities 17 2
3 Long term provisions 9.5 3
4 Capital work in progress 875.9 4
5 Other non-current assets 35.1 5
6
7
SUM 4240.4 8
Total sources of WC 4240.4
Uses of WC for other than WC purposes Uses of WC for other than WC purposes
1 Long term borrowings 144.8 1
 2 Deferred tax liabilities (Net) 6.9 2
3 Tangible assets 453.9 3
4 Intangible assets 54.6 4
5 Non current investments 7095.1 5
6 Long term loans and advances 0.4
Total uses for Non-WC purpose 7755.7
Funds available/(Released) for/from WC -3515.3
Changes in WC components Changes in WC components
Component Change Impact on WC
1 Short term borrowings 42 Dec 1
2 Trade payables 1595.2 Dec 2
3 Other current liabilities 357.4 Dec 3
4 Short term provisions 474.1 Dec 4
5 Current investments 2123.4 Dec 5
6 Other current assets 2.8 Dec 6
7 Inventories 446.2 Inc 7
8 Trade receivables 228.8 Inc 8
9 Short term loans and advances 383.7 Inc 9
10 Cash & Bank Balance 20.9 Inc 10
Net Dec in WC -3515.3
Is there a case of short-term funds
diverted to long-term purpose?

WORKING Capital Gap =CA-CL(Except ST Borrowing) -3473.3


Share capital
Reserves & Surplus
Deferred tax liabilities (Net)
Long term provisions
Short term borrowings
Trade payables
Other current liabilities
Capital work in progress
Intangible assets under develo
Non current investments
Other non-current assets
Trade receivables
Note-1: Definition of sources and uses of cash
0.62 Sources of cash Uses of cash
2451.51 Inc in liab & equity Decrease in liab&equity
Dec in assets Inc in assets
267.81 Required:
64.84 Based on the above definition , classify changes in all itmes, except Cash & BB,
into source/use of cash and complete table-1. As given in the table there are
241.9 11 and 14 sources of cash for Maruti and M&M, respectively. Similarly, there are 9 a
1398.2 cash for Maruti and M&M, respectively.
201.47 Sum of the sources and uses are given for self verificatio n
520.8
92.4
228
44.7
46

5558.25

Long term borrowings 1018.71

Other long term liabilities
Short term provisions
Tangible assets
Intangible assets
Long term loans and advances
Current investments
Inventories
Short term loans and advances
Other current assets
5325.81 and dividend (including DDT) is taken as use of cash. Similarly, change in net
17.9
122.1
1107.2
916.3
825.1
610.3 Note-2: In amplified cash flow statement, all the items of table-1 , except change in
250.3 reserves & surplus change in fixed assets, remain same.
406.2 As, in general, change in res&surplus should be same as retained earnings,
51.7 instead of change in res & surplus, PAT is taken as source of cash
232.44 fixed asset is samd as change in gross fixed assets less depreciation, instead of chan
232.2 in NFA change is GFA (NFA+Dep) is reported as use of cash and depreciation is taken

Table-3: Changes in Res & Surplus components

Maruti Suzuki M&M Ltd
Mar-16 Mar-15 Change Mar-16
Share capital 0.62 Capital Reserves 0 0 0 10.13
PAT 3167.2 Gen Reserves 2930.9 2473.8 457.1 1730.36
Deferred tax liabilities (Net) 267.81 Sec Premium Reserves 424.1 424.1 0 2334.02
Long term provisions 64.84 Revaluation Reserves 0 0 0 10.79
Short term borrowings 241.9 Debenture redem Res 0 0 0 7.5
Trade payables 1398.2 Inv fluctuation res 0 0 0 0
Other current liabilities 201.47 Hedging res 7.2 3.2 4 2.34
 Capital work in progress 520.8 ESOP Res 0 0 0 147.92
Intangible assets under develo 92.4 Forex Translation 0 0 0 -4.95
Non current investments 228 P&L Sruplus 22578.6 19736.8 2841.8 17172.76
Other non-current assets 44.7 Net Change 3302.9
Trade receivables 46
Depreciation 1108.6 Note-3: Complete the details of Reserves& Surplus in table-3 by referring to relevan

7382.54

Long term borrowings 1018.71

Other long term liabilities
Short term provisions
Dividend with DDT
Intangible assets
Long term loans and advances
Current investments
Inventories
Short term loans and advances
Other current assets
Increase in Gross Tangible Asset 2215.8 Note-4: All the sources of long-term nature (non-current account related)
s/(deficit) =Sources of cash-Uses of cash
Cash & BB (as per Balance Sheet)
Difference
c in R&S =PAT-Div-DDT
inc (as per Balance Sheet)
nc/(dec)=Actual Inc-Exp inc
Share capital
Reserves & Surplus
Deferred tax liabilities (Net)
Long term provisions
Capital work in progress
Intangible assets under develo
Non current investments
Other non-current assets
f WC for other than WC purposes
Long term borrowings
17.9
122.1
841.31
916.3
825.1
610.3
250.3
406.2
51.7
7275.72 are sources available to meet working capital needs. All the uses of cash
106.82 of long-term nature are uses of cash for non-working capital purpose. Dif
232.2 between total sources and total uses should reflect the change in WC
-125.38 during the year. Net changes in WC components should be same as net change
2325.89 in WC.
2451.51 To complete table-4, copy all long term sources of cash and long term uses of cash
125.62 from table -1 under sourcs of WC and Uses of WC, respectively and
find the net diference, which is termed as funds available for WC (if it is positive)
oro funds released from WC (if it is negative)
Now, copy all sources and uses of cash of short-term natui
(change in current asset and current liability items, incl cas
Changes in WC components' and classify the change as 'de
0.62 if the change results into decrease in NWC , similarly as 'in
2451.51 if the change results into increase in NWC.
267.81 If the sources of WC > uses of WC, it is case of inc in NWC,
64.84 thererore, sum of inc in WC components should be more t
520.8 sum of dec in WC WC components. Find the diference ,
92.4 this should be same as dif of sources and uses of WC
228 No of sources /uses of WC and no of changes in WC comp
44.7 Sum of the same are also given for self verification.
3670.68
This statement help to find if short term funds are
1018.71 diverted to fund long term assets.
 Other long term liabilities 17.9
Tangible assets 1107.2
Intangible assets 916.3
Long term loans and advances 825.1

3885.21
-214.53
es in WC components
Impact
Short term borrowings 241.9 Dec
Trade payables 1398.2 Dec
Other current liabilities 201.47 Dec
Trade receivables 46 Dec
Short term provisions 122.1 Inc
Current investments 610.3 Inc
Inventories 250.3 Inc
Short term loans and advances 406.2 Inc
Other current assets 51.7 Inc
Cash & Bank Balance 232.44 Inc
-214.53
Is there a case of short-term funds
diverted to long-term purpose?

27.37
 in liab&equity

mes, except Cash & BB,

n the table there are
tively. Similarly, there are 9 and 10 uses of

f table-1 , except change in

retained earnings,

ilarly, change in net

epreciation, instead of change
sh and depreciation is taken as source of cash. Based on these changes, complete table-2 to prepare Amplified CF Statement.

Mar-15 Change
10.13 0
1730.44 -0.08
2280.44 53.58
10.79 0
105.01 -97.51
64.59 -64.59
-18.53 20.87
 106.59 41.33
-79.58 74.63
14749.51 2423.25
2451.48

ble-3 by referring to relevant notes to financial statements from the annual reports of Maruti and M&M

account related)
the uses of cash
pital purpose. Dif
hange in WC
be same as net change

and long term uses of cash

ectively and
e for WC (if it is positive)

of cash of short-term natuire

urrent liability items, incl cash&BB) under
nd classify the change as 'decrease'
ase in NWC , similarly as 'increase'
ase in NWC.
WC, it is case of inc in NWC,
mponents should be more than
ents. Find the diference ,
ources and uses of WC
no of changes in WC components are given in table.
n for self verification.

hort term funds are

fied CF Statement.