NCC Limited

Financial Statements Analysis

2018-2017-2016-2015

Ar.Venu Nataraj
1JA18CPM19, 2nd Semester
M.Arch - CPM, SJBSAP
Financial Statement Assessment Base Balance Sheet Assignment 1

NCC Limited - BALANCE SHEET AS AT MARCH 31,2018 (in Million)

As at March As at March As at March As at March
31,2018 31,2017 31,2016 31,2015
Amount Amount Amount Amount

ASSETS
Non-Current Assets
Property, Plant and Equipment 7,478.33 5,899.53 5,801.77 5,892.93
Capital Work in Progress 229.25 12.74 76.43 78.51
Investment Property 586.54 481.25 358.40 380.58
Other Intangible Assets 15.81 22.53 37.31 49.33

Financial Assets
a. Investment in Associates 1,112.85 1,430.35 1,679.65 1,979.64
b. Other Investments 9,124.51 8,856.56 7,888.16 8,849.83
c. Loans 4,872.73 - 115.53 395.70
d. Trade Receivables 1,833.00 1,676.58 1,172.12 1,474.47
e. Other Financial Assets 814.30 2.66 1.43 4.28
Deferred Tax Assets (Net) 1,792.53 1,354.21 814.46 544.84
Non Current Tax Assets (Net) 431.57 855.63 869.95 925.64
Other Non Current Assets 477.00 - - -
Total Non- Current Assets 28,768.42 20,592.04 18,815.21 20,575.75

Current Assets
Inventories 16,955.64 15,258.25 16,567.70 18,030.93
Financial Assets
a. Other Investments 0.03 0.03 2.28 0.03

b. Trade Receivables 45,056.36 35,358.09 30,866.31 27,339.89

c. Cash and Cash Equivalents 591.14 1,086.60 2,118.49 709.98
d. Bank balances other than above 67.70 8.04 39.99 416.92
e. Loans 1,451.66 5,860.78 11,494.39 12,361.88
f. Other Financial Assets 1,206.59 1,823.87 2,072.37 2,149.60
Current Tax Assets (Net) 566.90 147.69 633.32 701.82
Other Current Assets 13,341.20 9,304.94 9,946.85 10,066.57
Total Current Assets 79,237.22 68,848.29 73,741.70 71,777.62
Total Assets 108,005.64 89,440.33 92,556.91 92,353.37

2nd Semester, M.Arch-CPM, SJB-SAP Page 1 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Base Balance Sheet Assignment 1

NCC Limited - BALANCE SHEET AS AT MARCH 31,2018 (in Million)

As at March As at March As at March As at March
31,2018 31,2017 31,2016 31,2015
EQUITY AND LIABILITIES
EQUITY
Equity Share Capital 1,201.29 1,111.86 1,111.86 1,111.86
Other Equity 41,215.18 33,311.00 31,496.31 29,383.40
Total Equity 42,416.47 34,422.86 32,608.17 30,495.26
LIABILITIES
Non Current Liabilities
Financial Liabilities
a. Borrowings 1,185.31 91.07 1,018.63 2,618.47
b. Trade Payables 1,243.12 754.49 497.43 534.70
Provisions 151.02 87.53 227.99 210.80
Total Non Current Liabilities 2,579.45 933.09 1,744.05 3,363.97
Current Liabilities
Financial Liabilities
a. Borrowings 10,450.93 15,282.62 17,165.65 16,626.91
b. Trade Payables 33,881.92 28,688.18 27,710.52 23,008.10
c. Other Financial Liabilities 1,494.55 485.83 869.06 1,589.84
Provisions 288.06 249.41 59.16 71.46
Current Tax Liabilities (Net) - 30.94 30.94 -
Other Tax Liabilities 16,894.26 9,347.40 12,369.36 17,197.83
Total Current Liabilities 63,009.72 54,084.38 58,204.69 58,494.14
Total Liabilities 65,589.17 55,017.47 59,948.74 61,858.11
Total Equity and Liabilities 108,005.64 89,440.33 92,556.91 92,353.37

2nd Semester, M.Arch-CPM, SJB-SAP Page 2 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Horizontal Analysis Statement Assignment 1

NCC Limited - BALANCE SHEET AS AT MARCH 31,2018 (in Million)

As at March As at March
Horizontal Variance Increase/ Decrease
31,2018 31,2017
Amount Amount Amount Percentage Observation

ASSETS

Non-Current Assets

Property, Plant and Equipment 7,478.33 5,899.53 1,578.80 26.76% Increase

Capital Work in Progress 229.25 12.74 216.51 1699.45% Increase

Investment Property 586.54 481.25 105.29 21.88% Increase

Other Intangible Assets 15.81 22.53 (6.72) -29.83% Decrease

Financial Assets
a. Investment in Associates 1,112.85 1,430.35 (317.50) -22.20% Decrease

b. Other Investments 9,124.51 8,856.56 267.95 3.03% Increase

c. Loans 4,872.73 - 4,872.73 487273.00%

d. Trade Receivables 1,833.00 1,676.58 156.42 9.33% Increase

e. Other Financial Assets 814.30 2.66 811.64 30512.78% Increase

Deferred Tax Assets (Net) 1,792.53 1,354.21 438.32 32.37%

Non Current Tax Assets (Net) 431.57 855.63 (424.06) -49.56%

Other Non Current Assets 477.00 - 477.00 47700.00% Increase

Total Non- Current Assets 28,768.42 20,592.04 8,176.38 39.71% Increase

Current Assets
Inventories 16,955.64 15,258.25 1,697.39 11.12% Increase

Financial Assets
a. Other Investments 0.03 0.03 0.00 0.00% Neutral

b. Trade Receivables 45,056.36 35,358.09 9,698.27 27.43% Increase

c. Cash and Cash Equivalents 591.14 1,086.60 (495.46) -45.60% Decrease
d. Bank balances other than above 67.70 8.04 59.66 742.04% Increase
e. Loans 1,451.66 5,860.78 (4,409.12) -75.23% Decrease

f. Other Financial Assets 1,206.59 1,823.87 (617.28) -33.84% Decrease

Current Tax Assets (Net) 566.90 147.69 419.21 283.84% Increase
Other Current Assets 13,341.20 9,304.94 4,036.26 43.38% Increase

Total Current Assets 79,237.22 68,848.29 10,388.93 15.09% Increase

Total Assets 108,005.64 89,440.33 18,565.31 20.76%

EQUITY AND LIABILITIES

EQUITY

Equity Share Capital 1,201.29 1,111.86 89.43 8.04% Increase

Other Equity 41,215.18 33,311.00 7,904.18 23.73% Increase

2nd Semester, M.Arch-CPM, SJB-SAP Page 3 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Horizontal Analysis Statement Assignment 1

NCC Limited - BALANCE SHEET AS AT MARCH 31,2018 (in Million)

As at March As at March
Horizontal Variance Increase/ Decrease
31,2018 31,2017
Amount Amount Amount Percentage Observation
Total Equity 42,416.47 34,422.86 7,993.61 23.22% Increase
LIABILITIES
Non Current Liabilities

Financial Liabilities
a. Borrowings 1,185.31 91.07 1,094.24 1201.54% Increase
b. Trade Payables 1,243.12 754.49 488.63 64.76% Increase
Provisions 151.02 87.53 63.49 72.54% Increase

Total Non Current Liabilities 2,579.45 933.09 1,646.36 176.44%

Current Liabilities
Financial Liabilities
a. Borrowings 10,450.93 15,282.62 (4,831.69) -31.62% Decrease

b. Trade Payables 33,881.92 28,688.18 5,193.74 18.10% Increase

c. Other Financial Liabilities 1,494.55 485.83 1,008.72 207.63% Increase
Provisions 288.06 249.41 38.65 15.50% Increase
Current Tax Liabilities (Net) - 30.94 (30.94) -100.00% Decrease

Other Tax Liabilities 16,894.26 9,347.40 7,546.86 80.74% Increase

Total Current Liabilities 63,009.72 54,084.38 8,925.34 16.50% Increase
Total Liabilities 65,589.17 55,017.47 10,571.70 19.22% Increase
Total Equity and Liabilities 108,005.64 89,440.33 18,565.31 20.76% Increase

Observations & Commentary

Non-Current Assets: The company has seen highest positive growth in property, plants & equipments and Investment
Property segments of Non-Current Asset category in the same order.
Company has seen highest negative implicatons in Other Intangible Assets and Investment in Associates segments of Non-
Current Asset category in the same order.
Current Assets: The highest positive growth under Current Assets category has been under Bank balances, Other Current
Assets and Trade Receivables segments in that order.
Highest negative impact under Current Assets category has been under Loans, Cash & Cash Equivalents and Other
Financial Assests segments in that order.
Equity: A gradual increase in Equity shares Capital and a significant increase in Other Equity segments of Equity Category.
Non-Current Liabilities: Maximum increase under Borrowings segment and an increase in both Provisions and Trade
Payables segments under Non-Current Liabilities category.
Current Liabilities: Maximum increase under Other Financial Liabilities and a significant increase under Other Tax Liabilities
segments of Current Tax Liabilities. There has been a 100% drop in Current Tax Liabilites and close to 1/3rd drop under
Borrowings segment of Current Liabilities.

2nd Semester, M.Arch-CPM, SJB-SAP Page 4 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Vertical Analysis Statement Assignment 1

NCC Limited - BALANCE SHEET AS AT MARCH 31,2018 (in Million)

As at March 31,2018 As at March 31,2017 Increase/ Decrease

Amount Percentage Amount Percentage Observation

ASSETS

Non-Current Assets
Property, Plant and Equipment 7,478.33 6.92% 5,899.53 6.60% Increase

Capital Work in Progress 229.25 0.21% 12.74 0.01% Increase

Investment Property 586.54 0.54% 481.25 0.54% Neutral
Other Intangible Assets 15.81 0.01% 22.53 0.03% Decrease
Financial Assets

a. Investment in Associates 1,112.85 1.03% 1,430.35 1.60% Decrease

b. Other Investments 9,124.51 8.45% 8,856.56 9.90% Decrease
c. Loans 4,872.73 4.51% - 0.00% Increase

d. Trade Receivables 1,833.00 1.70% 1,676.58 1.87% Decrease

e. Other Financial Assets 814.30 0.75% 2.66 0.00% Increase

Deferred Tax Assets (Net) 1,792.53 1.66% 1,354.21 1.51%

Non Current Tax Assets (Net) 431.57 0.40% 855.63 0.96%

Other Non Current Assets 477.00 0.44% - 0.00% Increase

Total Non- Current Assets 28,768.42 26.64% 20,592.04 23.02% Increase

Current Assets

Inventories 16,955.64 15.70% 15,258.25 17.06% Decrease

Financial Assets

a. Other Investments 0.03 0.00% 0.03 0.00% Neutral

b. Trade Receivables 45,056.36 41.72% 35,358.09 39.53% Increase

c. Cash and Cash Equivalents 591.14 0.55% 1,086.60 1.21% Decrease

d. Bank balances other than above 67.70 0.06% 8.04 0.01% Increase

e. Loans 1,451.66 1.34% 5,860.78 6.55% Decrease

f. Other Financial Assets 1,206.59 1.12% 1,823.87 2.04% Decrease

Current Tax Assets (Net) 566.90 0.52% 147.69 0.17% Increase

Other Current Assets 13,341.20 12.35% 9,304.94 10.40% Increase

Total Current Assets 79,237.22 73.36% 68,848.29 76.98% Decrease

Total Assets 108,005.64 100.00% 89,440.33 100.00%

EQUITY AND LIABILITIES

EQUITY

Equity Share Capital 1,201.29 1.11% 1,111.86 1.24% Decrease

Other Equity 41,215.18 38.16% 33,311.00 37.24% Increase

Total Equity 42,416.47 39.27% 34,422.86 38.49% Increase

2nd Semester, M.Arch-CPM, SJB-SAP Page 5 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Vertical Analysis Statement Assignment 1

NCC Limited - BALANCE SHEET AS AT MARCH 31,2018 (in Million)

As at March 31,2018 As at March 31,2017 Increase/ Decrease

Amount Percentage Amount Percentage Observation

LIABILITIES
Non Current Liabilities
Financial Liabilities
a. Borrowings 1,185.31 1.10% 91.07 0.10% Increase

b. Trade Payables 1,243.12 1.15% 754.49 0.84% Increase

Provisions 151.02 0.14% 87.53 0.10% Increase
Total Non Current Liabilities 2,579.45 2.39% 933.09 1.04%

Current Liabilities
Financial Liabilities
a. Borrowings 10,450.93 9.68% 15,282.62 17.09% Decrease

b. Trade Payables 33,881.92 31.37% 28,688.18 32.08% Decrease

c. Other Financial Liabilities 1,494.55 1.38% 485.83 0.54% Increase
Provisions 288.06 0.27% 249.41 0.28% Neutral

Current Tax Liabilities (Net) - 0.00% 30.94 0.03% Decrease

Other Tax Liabilities 16,894.26 15.64% 9,347.40 10.45% Increase
Total Current Liabilities 63,009.72 58.34% 54,084.38 60.47% Increase

Total Liabilities 65,589.17 60.73% 55,017.47 61.51% Decrease

Total Equity and Liabilities 108,005.64 100.00% 89,440.33 100.00%
Observations & Commentary
Non-Current Assets: Overall an increase 3.62% allocation under Non Current Assets. The Maximum Increase has been
under Loans segment followed by Property, Plant and Equipments segment. Highest decrease has been witnessed under
Other investments segment.
Current Assets: Overall decrease of 3.62% under Current Assets allocation. Highest increase under Trade Receivables
segment followed by Other Current Assets. Maximum decrease has been under Loans segment followed by Other Financial
Assets segments under this category.
Equity: Overall an increase of 0.78% allocation under this category. Increased allocation under Other Equity segment and
decreased allocation under Equity Share Capital segment.
Non-Current Liabilities: Overall increase of 1.35% allocation under this category. Mazimum increase under Borrowings
segment and lowest increase under Provisions segment in this category.
Current Liabilities: Overall decrease of 2.13% under Current Liabilities category. Highest increase has been under Other Tax
Liabilities segment followed by Other Financial Liabilities. Maximum decrease has been witnessed under Borrowings segment
followed by Trade Paybles segment under this Category.

2nd Semester, M.Arch-CPM, SJB-SAP Page 6 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Common Size Financial Analysis-Type1 Assignment 1

NCC Limited - BALANCE SHEET AS AT MARCH 31,2018 (in Million)

As at March 31,2018 As at March 31,2017
Amount Asset vs. Liability Percentage Amount Asset vs. Liability Percentage

ASSETS
Non-Current Assets
Property, Plant and Equipment 7,478.33 5,899.53
Capital Work in Progress 229.25 12.74

Investment Property 586.54 481.25

Other Intangible Assets 15.81 22.53
Financial Assets
a. Investment in Associates 1,112.85 1,430.35
b. Other Investments 9,124.51 8,856.56
c. Loans 4,872.73 -
d. Trade Receivables 1,833.00 1,676.58

e. Other Financial Assets 814.30 2.66

Deferred Tax Assets (Net) 1,792.53 1,354.21
Non Current Tax Assets (Net) 431.57 855.63
Other Non Current Assets 477.00 -
Total Non- Current Assets 28,768.42 ₹26,188.97 83.54% 20,592.04 ₹19,658.95 91.33%

Current Assets

Inventories 16,955.64 15,258.25

Financial Assets
a. Other Investments 0.03 0.03
b. Trade Receivables 45,056.36 35,358.09
c. Cash and Cash Equivalents 591.14 1,086.60
d. Bank balances other than above 67.70 8.04

e. Loans 1,451.66 5,860.78

f. Other Financial Assets 1,206.59 1,823.87
Current Tax Assets (Net) 566.90 147.69
Other Current Assets 13,341.20 9,304.94
Total Current Assets 79,237.22 ₹16,227.50 11.41% 68,848.29 ₹14,763.91 12.01%

Total Assets 108,005.64 ₹42,416.47 24.43% 89,440.33 ₹34,422.86 23.83%

EQUITY AND LIABILITIES

EQUITY

Equity Share Capital 1,201.29 1,111.86

Other Equity 41,215.18 33,311.00
Total Equity 42,416.47 34,422.86
LIABILITIES

Non Current Liabilities

Financial Liabilities
a. Borrowings 1,185.31 91.07
b. Trade Payables 1,243.12 754.49

Provisions 151.02 87.53

2nd Semester, M.Arch-CPM, SJB-SAP Page 7 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Common Size Financial Analysis-Type1 Assignment 1

NCC Limited - BALANCE SHEET AS AT MARCH 31,2018 (in Million)

As at March 31,2018 As at March 31,2017
Amount Asset vs. Liability Percentage Amount Asset vs. Liability Percentage
Total Non Current Liabilities 2,579.45 933.09
Current Liabilities

Financial Liabilities

a. Borrowings 10,450.93 15,282.62

b. Trade Payables 33,881.92 28,688.18
c. Other Financial Liabilities 1,494.55 485.83

Provisions 288.06 249.41

Current Tax Liabilities (Net) - 30.94

Other Tax Liabilities 16,894.26 9,347.40

Total Current Liabilities 63,009.72 54,084.38

Total Liabilities 65,589.17 55,017.47

Total Equity and Liabilities 108,005.64 89,440.33

Observations & Commentary

This comparison gives us an indication that overall Assets allocation with respect to Liabilities has increased by 0.6%. However, the individual
Categories of Current and Non-Current Assets has seen a decline in ratio. Thereby signifying that the Equity allocation has increased. This is
a positive aspect for the organisation.
Non-Current Assets vs. Non-Current Liabilities ratio has reduced by 7.79% compared to previous year.
Currect Assets vs. Current Liabilities ratio has reduced by 0.6% compared to previous year.

2nd Semester, M.Arch-CPM, SJB-SAP Page 8 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Common Size Financial Analysis-Type2 Assignment 1

NCC Limited - BALANCE SHEET AS AT MARCH 31,2018 (in Million)

As at March 31,2018
Amount Percentage Observation Comments

ASSETS
Non-Current Assets
Healthy reserve of Assets under
Property, Plant and Equipment 7,478.33 6.92%
property and machinery
Capital Work in Progress 229.25 0.21%
Investment Property 586.54 0.54%
Other Intangible Assets 15.81 0.01%
Financial Assets

a. Investment in Associates 1,112.85 1.03%

Higher other investments
signifies company's diversification
b. Other Investments 9,124.51 8.45%
of funds & Proactive
management.
c. Loans 4,872.73 4.51%
d. Trade Receivables 1,833.00 1.70%
e. Other Financial Assets 814.30 0.75%
Deferred Tax Assets (Net) 1,792.53 1.66%
Non Current Tax Assets (Net) 431.57 0.40%
Other Non Current Assets 477.00 0.44%

Total Non- Current Assets 28,768.42 26.64%

Current Assets
Inventories 16,955.64 15.70% Healthy Inventories repository
Financial Assets

a. Other Investments 0.03 0.00%

Maximum percentage of Assets -
b. Trade Receivables 45,056.36 41.72%
Business Continuity
c. Cash and Cash Equivalents 591.14 0.55%
d. Bank balances other than above 67.70 0.06%
e. Loans 1,451.66 1.34%
f. Other Financial Assets 1,206.59 1.12%
Current Tax Assets (Net) 566.90 0.52%
Significant increase in current
Other Current Assets 13,341.20 12.35%
assets
Total Current Assets 79,237.22 73.36%
Total Assets 108,005.64 100.00%

2nd Semester, M.Arch-CPM, SJB-SAP Page 9 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Common Size Financial Analysis-Type2 Assignment 1

NCC Limited - BALANCE SHEET AS AT MARCH 31,2018 (in Million)

As at March 31,2018
Amount Percentage Observation Comments

EQUITY AND LIABILITIES

EQUITY
Equity Share Capital 1,201.29 1.11%
Other Equity 41,215.18 38.16%
Healthy proportion of balance
Total Equity 42,416.47 39.27% sheet under Equity, signifies
investor confidence
LIABILITIES
Non Current Liabilities
Financial Liabilities
Lower borrowings signify healthy
a. Borrowings 1,185.31 1.10%
cash reserves with the company
b. Trade Payables 1,243.12 1.15%
Provisions 151.02 0.14%
Low Non Current Liability
Total Non Current Liabilities 2,579.45 2.39% signifies less burden from past
financial years carried over.
Current Liabilities
Financial Liabilities
a. Borrowings 10,450.93 9.68%
Maximum liability of Trade
payables signifies continuous
b. Trade Payables 33,881.92 31.37%
business. Good indicator of
ongoing projects
c. Other Financial Liabilities 1,494.55 1.38%
Provisions 288.06 0.27%
Current Tax Liabilities (Net) - 0.00%
Other Tax Liabilities 16,894.26 15.64%
Total Current Liabilities 63,009.72 58.34%
Total Liabilities 65,589.17 60.73%
Total Equity and Liabilities 108,005.64 100.00%
Observations and Commentary
A healthy ratio of approximately 40:60 is maintained between Equity and Liabilities. Ideally anything above
30:70 is considered a healthy ratio.
Ratio of Current Asset vs Non Current Asset is at 73:27. This is also close to Ideal ratios.

2nd Semester, M.Arch-CPM, SJB-SAP Page 10 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Trend Analysis-Bar Graphs Assignment 1

2nd Semester, M.Arch-CPM, SJB-SAP Page 11 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Trend Analysis-Bar Graphs Assignment 1

2nd Semester, M.Arch-CPM, SJB-SAP Page 12 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Trend Analysis-Bar Graphs Assignment 1

2nd Semester, M.Arch-CPM, SJB-SAP Page 13 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Trend Analysis-Bar Graphs Assignment 1

2nd Semester, M.Arch-CPM, SJB-SAP Page 14 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Trend Analysis Mixed Assignment 1

2nd Semester, M.Arch-CPM, SJB-SAP Page 15 Name: Venu Nataraj, USN No: 1JA18CPM19
Financial Statement Assessment Trend Analysis Mixed Assignment 1

2nd Semester, M.Arch-CPM, SJB-SAP Page 16 Name: Venu Nataraj, USN No: 1JA18CPM19