Estimated Balance Sheet of Ku

Liabilities
Share Capital

Long Term Borrowing

Short term Borrowing
Trade Payables

Total

Notes:
1) Long Term Borrowing 39.7
minus 1st installment 2.65
37.05

2) Short term Borrowing 3.47

minus 1 st installment 0.694
2.78

3) Plant 347
minus Dep 34.7
312.3

4) Land & buliding 50

minus Dep 5
45

5) Share Capital 353.53

Profit 2.87
356.4
mated Balance Sheet of Kutch Chemicals Ltd. as on 31-3-2019

Liabilities Amt Assets Amt

Share Capital 356.87 Plant 312.3
Land & Building 45
Term Borrowing 37.05
t term Borrowing 2.78
rade Payables 18.75 Trade Receviables 51

Cash & Bank 6.68

Total 414.98 414.98

 Income Statement of Kutc

Dr.
Particulars

To Depreciation on L & B
To 12% Int on Long term
To 18% Int on Short term
To Sea frieght
To Other exp
To Adv Expense
To Local Transport

Tax 30%
Profit After Tax
Total
Notes
1) Depreciation on Land & Building 10% = 5 lakhs (RBM Method)
2) Sea Frieght = 100$ (sea frieght) + Local charges 20% 120$ = 5 * 120 *
3) Local Transportation (Fuel Charges) = 5*2 * 30 * 69 = 20700
4) Adv Exp 5 lakhs every year ( Assumed)
5) Gross Profit from BEP
6) Tax 30% PBT=4.67
7) Other Exp 2 lakhs every year (Assumed)
 Income Statement of Kutch Chemicals Ltd. as on 31-3-2019

Cr.
Particulars Amt Particulars Amt
By Gross Profit 22.66

preciation on L & B 5
% Int on Long term 4.76
% Int on Short term 0.63
o Sea frieght 0.39
To Other exp 2
o Adv Expense 5
Local Transport 0.21

Tax 30% 1.4

rofit After Tax 2.87
Total 22.66 Total 22.66

lakhs (RBM Method)

harges 20% 120$ = 5 * 120 * 65 = 39000
* 30 * 69 = 20700