Common Size Balance Sheet of DLF Ltd.

(Rs. In Crores)
Particulars

Owner's fund
Equity share capital
Share application money
Preference share capital
Reserves & surplus

Percentage of Total Assets

Mar'08

Mar'09

Mar'10

Mar'08

340.96
10,928.19

339.44
12,035.39

339.48
12,490.53

1.73467545
55.5984951

4,945.91
3,440.49
19,655.55

7,979.97
1,635.00
21,989.79

11,590.19
1,047.67
25,467.86

25.1629184
17.5039111
100

1,533.72
59.34
1,474.37
1,781.79
1,839.83

1,968.40
152.87
1,815.52
1,657.73
2,956.32

2,002.85
273.84
1,729.02
1,718.51
6,558.88

7.80298694
-

18,345.94
3,786.38
14,559.56
19,655.55

18,718.62
3,158.40
15,560.22
21,989.79

18,944.48
3,483.03
15,461.45
25,467.86

93.3371999

Loan funds
Secured loans
Unsecured loans
Total

Uses of funds
Fixed assets
Gross block
Less : revaluation reserve
Less : accumulated depreciation
Net block
Capital work-in-progress
Investments

0.30189946
7.5010366
9.06507322
9.36035878

Net current assets

Current
assets,liabilities
loans & advances
Less : current
&
provisions
Total net current assets
Miscellaneous expenses not written
Total

19.2636685
74.0735314
100

LF Ltd.
Percentage of Total Assets
Mar'09

Mar'10

1.54362547 1.33297419
54.7317187 49.0442856
36.2894325 45.5090848
7.43526882 4.11369467
100
100

8.951427
-

7.86422573
-

0.69518627 1.07523757
8.25619526 6.78902743
7.53863498 6.74775973
13.4440574 25.7535576
85.1241417 74.3858338
14.3630294 13.6761785
70.7611123 60.7096552
100
100

Comparative Balance Sheet of DLF Ltd.

Particulars

Mar'08

(Rs. In Crores)
Mar'09

Absolute Change
Mar'09

Mar'10

340.96
10,928.19

339.44
12,035.39

339.48
12,490.53

-1.52
1,107.20

4,945.91
3,440.49
19,655.55

7,979.97
1,635.00
21,989.79

11,590.19
1,047.67
25,467.86

3,034.06
-1,805.49
2,334.24

1,533.72
59.34
1,474.37
1,781.79
1,839.83

1,968.40
152.87
1,815.52
1,657.73
2,956.32

2,002.85
273.84
1,729.02
1,718.51
6,558.88

434.68
93.53
341.15
-124.06
1,116.49

18,345.94

18,718.62

18,944.48

372.68

3,786.38

3,158.40

3,483.03

-627.98

14,559.56

15,560.22

15,461.45

1,000.66

19,655.55

21,989.79

25,467.86

2,334.24

Sources of funds
Owner's fund
Equity share capital
Share application money
Preference share capital
Reserves & surplus

Loan funds
Secured loans
Unsecured loans
Total

Uses of funds
Fixed assets
Gross block
Less : revaluation reserve
Less : accumulated depreciation
Net block
Capital work-in-progress
Investments

Net current assets

Current assets, loans & advances
Less : current liabilities &
provisions
Total net current assets
Miscellaneous expenses not
written
Total

DLF Ltd.
Absolute Change
Mar'10

Percentage Change
Mar'09
Mar'10

0.04
455.14

-0.44580009 0.01178412
10.1315954 3.78168053

3,610.22
-587.33
3,478.07

61.3448284 45.2410222
-52.4776994 -35.922324
11.8757298 15.8167495

34.45
120.97
-86.50
60.78
3,602.56

28.3415487
157.617122
23.1386965
-6.96266114
60.6844111

1.75015241
79.1325963
-4.7644752
3.66645956
121.859609

225.86

2.03140313 1.20660604

324.63

-16.5852344 10.2783055

-98.77

-0.67838589 -0.6347597

3,478.07

11.8757298 15.8167495

Trend Analysis of DLF Ltd.

(Rs. In Crores)
Particulars

Owner's fund
Equity share capital
Share application money
Preference share capital
Reserves & surplus

Trend Percenta

Mar'07

Mar'08

Mar'09

Mar'10

Mar'07

305.88
346.92

340.96
10,928.19

339.44
12,035.39

339.48
12,490.53

100%
100%

6,242.81
526.48
7,422.10

4,945.91
3,440.49
19,655.55

7,979.97
1,635.00
21,989.79

11,590.19
1,047.67
25,467.86

100%
100%
100%

365.58
37.01
328.57
665.03
769.17

1,533.72
59.34
1,474.37
1,781.79
1,839.83

1,968.40
152.87
1,815.52
1,657.73
2,956.32

2,002.85
273.84
1,729.02
1,718.51
6,558.88

100%
100%
100%
100%
100%

9,442.25
3,782.93
5,659.32
7,422.10

18,345.94
3,786.38
14,559.56
19,655.55

18,718.62
3,158.40
15,560.22
21,989.79

18,944.48
3,483.03
15,461.45
25,467.86

100%
100%
100%
100%

Loan funds
Secured loans
Unsecured loans
Total

Uses of funds
Fixed assets
Gross block
Less : revaluation reserve
Less : accumulated depreciation
Net block
Capital work-in-progress
Investments

Net current assets

Current
assets,liabilities
loans & advances
Less : current
&
provisions
Total net current assets
Miscellaneous expenses not written
Total

Trend Percentages
Mar'08

Mar'09

Mar'10

111.4685 110.9716 110.9847

3150.061 3469.212 3600.406

79.2257 127.8266 185.6566
653.4892 310.5531 198.9952
264.8246 296.2745 343.1355

419.5306 538.4321 547.8555

160.335 413.0505 739.9081

448.7233 552.552 526.2258
267.9263 249.2715 258.4109
239.1968 384.352 852.7218
194.2963 198.2432 200.6352
100.0912 83.49084 92.07228
257.267 274.9486 273.2033

264.8246 296.2745 343.1355

Comparative Profit & Loss Account of DLF Ltd.

Particulars

Mar'08

(Rs. In Crores)
Mar'09

Absolute Change
Mar'09
Mar'10

Mar'10

5,496.96

2,827.90

2,307.08

-2,669.06

-520.82

6.06
2,141.29
103.78
45.7
128.16
2,424.98
3,071.98
560.74
3,632.72
447.65
25.68
41.79
3,117.59
543.52
2,574.07
0.16
0.36
2,574.59
2,843.86
681.93
115.89
2,046.03

778.34
71.12
59.28
156.39
1,065.14
1,762.76
1,006.72
2,769.48
809.86
114.08
37.86
1,807.69
261
1,546.68
-2.15
33.05
1,577.58
3,312.54
339.44
28.91
2,944.19

889.25
90.5
56.92
225.45
1,262.13
1,044.95
896.76
1,941.72
847.24
126.05
41.47
926.96
175.71
751.24
11.8
2.01
765.06
3,441.30
339.48
11.38
3,090.44

-1,362.95
-32.66
13.58
28.23
-1,359.84
-1,309.22
445.98
-863.24
362.21
88.40
-3.93
-1,309.90
-282.52
-1,027.39
-2.31
32.69
-997.01
468.68
-342.49
-86.98
898.16

110.91
19.38
-2.36
69.06
196.99
-717.81
-109.96
-827.76
37.38
11.97
3.61
-880.73
-85.29
-795.44
13.95
-31.04
-812.52
128.76
0.04
-17.53
146.25

Income
Operating income

Expenses
Material consumed
Manufacturing expenses
Personnel expenses
Selling expenses
Adminstrative expenses
Expenses capitalised
Cost of sales
Operating profit
Other recurring income
Adjusted PBDIT
Financial expenses
Depreciation
Other write offs
Adjusted PBT
Tax charges
Adjusted PAT
Non recurring items
Other non cash adjustments
Reported net profit
Earnigs before appropriation
Equity dividend
Preference dividend
Dividend tax
Retained earnings

of DLF Ltd.
Percentage Change
Mar'09
Mar'10
-48.55520142

-18.41720004

-63.65088335
-31.47041819
29.71553611
22.02715356
-56.07633877
-42.618116
79.53418697
-23.76291044
80.91366023
344.2367601
-9.404163676
-42.01642936
-51.97968796
-39.91305598
-1443.75
9080.555556
-38.72500087
16.48041746
-50.22362999
-75.05393045
43.89769456

14.24955675
27.24971879
-3.981106613
44.15883369
18.49428244
-40.72080147
-10.92260013
-29.88864336
4.615612575
10.49263675
9.535129424
-48.72129624
-32.67816092
-51.42886699
-648.8372093
-93.9183056
-51.50420264
3.887047402
0.011784115
-60.63645797
4.967410391

Common Size Profit & Loss Account of DLF Ltd.

(Rs. In Crores)
Particulars

Percentage of Operating Income

Mar'08

Mar'09

Mar'10

Mar'08

Mar'09

5,496.96

2,827.90

2,307.08

100%

100%

6.06
2,141.29
103.78
45.7
128.16
2,424.98
3,071.98
560.74
3,632.72
447.65
25.68
41.79
3,117.59
543.52
2,574.07
0.16
0.36
2,574.59
2,843.86
681.93
115.89
2,046.03

778.34
71.12
59.28
156.39
1,065.14
1,762.76
1,006.72
2,769.48
809.86
114.08
37.86
1,807.69
261
1,546.68
-2.15
33.05
1,577.58
3,312.54
339.44
28.91
2,944.19

889.25
90.5
56.92
225.45
1,262.13
1,044.95
896.76
1,941.72
847.24
126.05
41.47
926.96
175.71
751.24
11.8
2.01
765.06
3,441.30
339.48
11.38
3,090.44

0.110242752
38.95407643
2.514940415
2.134227498
5.530252131
37.66540542
55.88507102
23.12348968
97.93415609
79.8320077
0.706908322
9.335418296
63.92340606
9.22946356
82.56602055
0.029437739
0.013985634
55.7862725
117.1378054
26.48693578
16.99441292
37.22111858

27.52360409
2.514940415
2.096255172
20.09276152
37.66540542
62.33459458
35.59956151
97.93415609
28.6382121
11.33184997
1.367043633
63.92340606
9.22946356
54.69358888
-0.11893632
12.66283525
55.7862725
117.1378054
12.0032533
0.872744178
104.1122388

Income
Operating income

Expenses
Material consumed
Manufacturing expenses
Personnel expenses
Selling expenses
Adminstrative expenses
Expenses capitalised
Cost of sales
Operating profit
Other recurring income
Adjusted PBDIT
Financial expenses
Depreciation
Other write offs
Adjusted PBT
Tax charges
Adjusted PAT
Non recurring items
Other non cash adjustments
Reported net profit
Earnigs before appropriation
Equity dividend
Preference dividend
Dividend tax
Retained earnings

Ltd.
Operating Income
Mar'10
100%

38.544394
3.9227075
2.467188
25.352825
54.706816
45.293184
38.869913
84.163531
36.723477
14.056158
2.1357353
40.178927
7.6161208
32.562373
1.2729783
1.1439303
33.161399
149.16258
14.714704
0.330689
133.95461

Trend Analysis of Profit & Loss Account of DLF Ltd.

(Rs. In Crores)

Particulars

Trend Percentag

Mar'07

Mar'08

Mar'09

Mar'10

Mar'07

1,101.66

5,496.96

2,827.90

2,307.08

100%

8.72
237.75
44.82
63.42
88.51
443.22
658.44
327.67
986.11
356.25
9.44
620.42
214.56
405.86
-0.19
1.24
406.91
930.67
340.97
57.95
531.76

6.06
2,141.29
103.78
45.7
128.16
2,424.98
3,071.98
560.74
3,632.72
447.65
25.68
41.79
3,117.59
543.52
2,574.07
0.16
0.36
2,574.59
2,843.86
681.93
115.89
2,046.03

778.34
71.12
59.28
156.39
1,065.14
1,762.76
1,006.72
2,769.48
809.86
114.08
37.86
1,807.69
261
1,546.68
-2.15
33.05
1,577.58
3,312.54
339.44
28.91
2,944.19

889.25
90.5
56.92
225.45
1,262.13
1,044.95
896.76
1,941.72
847.24
126.05
41.47
926.96
175.71
751.24
11.8
2.01
765.06
3,441.30
339.48
11.38
3,090.44

100%
100%
100%
100%
100%

Income
Operating income

Expenses
Material consumed
Manufacturing expenses
Personnel expenses
Selling expenses
Adminstrative expenses
Expenses capitalised
Cost of sales
Operating profit
Other recurring income
Adjusted PBDIT
Financial expenses
Depreciation
Other write offs
Adjusted PBT
Tax charges
Adjusted PAT
Non recurring items
Other non cash adjustments
Reported net profit
Earnigs before appropriation
Equity dividend
Preference dividend
Dividend tax
Retained earnings

100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%

100%
100%

ccount of DLF Ltd.

Trend Percentages

Mar'08

Mar'09

Mar'10

498.9706443

256.6944429

209.4185139

69.49541284
900.6477392
231.5484159
72.05928729
144.7971981
547.1278372
466.5542798
171.12949
368.3889221
125.6561404
272.0338983
502.4966958
253.3184191
634.2260878
-84.21052632
29.03225806
632.7173085
305.5712551
199.9970672
199.9827437
384.7656838

327.3774974
158.6791611
93.47209082
176.6918992
240.3185777
267.7176356
307.2359386
280.8489925
227.3291228
1208.474576
291.3655266
121.6442953
381.0870744
1131.578947
2665.322581
387.6975253
355.9306736
99.55128017
49.88783434
553.6689484

374.0273396
201.9187863
89.75086723
254.7169811
284.7637742
158.7008687
273.6777856
196.9070388
237.8217544
1335.275424
149.4084652
81.89317673
185.0983098
-6210.526316
162.0967742
188.0170062
369.7658676
99.56301141
19.63761864
581.1719573

Ratio Analysis of DLF Ltd.

RATIO

FORMULA

Mar '09 Mar '10

Liquidity ratios
Current ratio
Quick ratio
Absolute liquid ratio

Current assets/ current liabilites

Quick assets/ current liabilites
Absolute liquid assets/current lib.

2.26
2.26
0.72

3.34
3.34
1.77

C.O.G.S+ operating exp/net sales

Net profit aft. Tax/net sales*100
Gross profit/ net sales*100
operating Net profit/ net sales*100

1
0.02
0.08
11.16

1.1
0.04
0.03
5.39

C.O.G.S/ average stock

days in year/ stock turnover ratio
Net credit sales/ avg. debtors
days in year/ debt. turnover ratio
net credit purchase/ avg. creditors
days in a year/ Avg.creditors
C.O.G.S/ Total fixed assets

2.35
155.3
5.25
69.52

2.03
179.8
5.77
63.26

6.45

6.03

0.47

0.51

Profitability ratios
operating ratio
Net profit ratio
Gross profit ratio
operating profit ratio

Activity ratio
stock turnover ratio
stock holding period
Debt. turnover ratio
Avg. collection Period
Creditors turn. Ratio
Avg. payment Period
Fixed assets turn. Ratio

Leverage ratios
Debt- equity ratio
Solvency ratio
proprietry ratio

total long term debt/ shareholders

total liabilites/ total assets
Equity / total assets

Schedule of Change in Working Capital

(Rs. In Crores)
Particulars
CURRENT ASSETS

(A)

Working capital

Mar'10

Increase

Decrease

(A)

Inventories
Sundry Debtors
Cash and Bank Balance

current liabilites

Mar'09
2950.29
1523.56
358.93

3506.09
1497.58
181.24

4832.8

5184.91

2518.64

2024.27

2314.16

3160.64

555.8
25.98
177.69

(B)

(A-B)

Net incerase in working capital

494.37

846.5

ADJUSTED P&L ACCOUNT

(Dr.)
PARTICULARS

FUNDS F
(Cr)

AMOUNT

SOURCES OF FUNDS

PARTICULARS AMOUNT
Decrease In Working Capital

TO FFO
To Reserves And Surplus

2447.42 By Balance b/d

By Depreciation

1,192.54
266.82
Unsecured Loan

To Balance c/d
TOTAL

1,112.38 By Reserves And Surplus 2,100.44

3559.8 TOTAL

3559.8
TOTAL

FUNDS FLOW STATEMENT

AMOUNT

APPLICATIONS OF FUNDS
AMOUNT
3,500.58 Secured Loan

135.47

Net Block

3,058.88

FFO

2,447.42

2,141.46

5,641.77 TOTAL

5,641.77

Amount
Particular
Material consumed
Direct labour

2010

2009

3,253.24

2,381.76

3,253.24

2,381.76

1,895.51
132.68

2,390.15
119.48

Factory cost

5,281.43

2,509.63

AddOffice and adm. Expenses

Administrative expenses
Cost of production

879.06
6160.49

800.58
3,310.21

AddSelling Expenses
Sales Prmotion Exp.
Total cost

6160.49

3,310.21

Prime cost
Add-

factory overhead

Manufacure expenses
Depriciation

412.69

Net profit before tax

Add :decrease in current assets
increase in current liabilites

Less:increase in current assets

decrease in current liabilites
Cash from operating activites

1,731.90
493.51
1,812.72

Interpretation: By cash flow statement's analysis, we come to know about the

increase and decrease in current assets and current liablities and it comes ood
sign for organization.out by cash from operating activities. In this organization
there is less increase in current assets as compare to increase in current liablities.
It is not a good sign for the organization.