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Comparative analysis of balance sheet:123

particulars
SOURCES OF FUNDS
Share holders funds
Capital
Reserve and surplus
Loan funds
secured loans
TOTAL
APPLICATION OF FUNDS
Fixed assets
Gross block
Less : deprecation
Net block
Capital work in progress
Investments
Current asset and, loans and advances
Inventories
Sundry debtor
Cash and bank balance
Loan and advances
Total current asset (A)
Less: current liabilities &
provision (B)
Net current assets (A-B)
Misc expenditure (to the extent of
written off)
TOTAL

previou
current s
year(20 year(20
03-04)
02-03)
459003

1370303

absolu
te
percent
chang age
e
change

459003

1426663

-56360

1266609

1399187

-132578

309591
5

328485
3

-188938

3520992

3315318

205674

2070759

1489151

581608

1450233

1826167

-375934

25624

29908

-4284

474228

474228

1143036

942445

200591

414667

404215

10452

8617

5168

3449

204101

175977

28124

1770421

1527805

242616

643218

598027

45191

1127203

929778

197425

18627

24772

-6145

309591
5

328485
3

-188938

3,9504774
43
9,4753596
2
5,7517946
77

6,2037487
81
39,056348
21
20,585959
55
14,323926
71

21,284106
76
2,5857526
32
66,737616
1
15,981633
96
15,880037
05
7,5566822
23
21,233563
28
24,806232
84
5,7517946
77

INTERPRETATION:

1.

Reserve and surplus of the company has been decreased by 3.95% during
the year 2003-04. It shows that the company has cant be adopted good
policy and further development.

2.

Current Asset and Loan & Advances:- The inventories of the company
are increased by 21.28% and debtor has been increased by 2.58% and cash
and bank balance increased by 66.73%. it is a good position for a company.
Loan and advances are already increased by 15.98%.

3.

Current liabilities and provisions is increased by the company. The ratio of


current liabilities is 7.55% increased .

particulars

previou
current
s
absolut percent
year(200 year(20 e
age
4-05)
03-04)
change change

SOURCES OF FUNDS
Share holders funds
Capital
amount received against warrants
Reserve and surplus
Loan funds

388269
192500

459003
---

-70734

15,410356
8

3323958

1370303

1953655

142,57102
26

-unsecured loan

25700 3373485

1266609

2106876

166,33988
86

7303912

309591
5

4207997

135,92094
74

Gross block

7292469

3520992

3771477

Less : deprecation

4289063

2070759

2218304

3003406

1450233

1553173

32764

25624

7140

660100

474228

185872

2514971

1143036

1371935

Sundry debtor

668825

414667

254158

Cash and bank balance

113972

8617

105355

Loan and advances

463424

204101
--

259323

secured loans
TOTAL
APPLICATION OF FUNDS
Fixed assets

Net block
Capital work in progress
Investments
Current asset and, loans and advances
Inventories

fixed asset and held for disposal


Total current asset (A)
Less: current liabilities &
provision (B)
Net current assets (A-B)
Misc expenditure (to the extent of
written off)
profit and loss a/c
TOTAL

18868 --

107,11404
63
107,12516
52
107,09816
97
27,864502
03
39,194648
99
120,02552
85
61,292072
92
1222,6412
9
127,05621
24

3780060

1770421

2009639

614240

643218

-28978

3165820

1127203

2038617

12481

18627

-6146

113,51192
74
4,5051599
92
180,85624
33
32,995114
62

309591
5

4207997

135,92094
74

429341 ---

7303912

Interpretation:

1. Reserve and surplus of the company has been increased by 142.57% during
the year 2003-04. It shows that the company has adopted good policy and
further development.
2.

Current Asset and Loan & Advances: - The inventories of the company are
increased by120.02% and cash and bank balance increased by 1222.64%. It is
a good position for a company and debtor has been increase by 61.29%.

3.

Current liabilities and provisions have been decreased by 32.99%. It means the
company improved the situation and control upon the creditor.

Particulars

previou
current s
absolut
year(20 year(20 e
05-06)
04-05)
change

percent
age
change

SOURCES OF FUNDS
Share holders funds
8,67414086
6
80,7438961
17,0649869
8

354590

388269

-33679

37068

192500

-155432

Reserve and surplus


Loan funds

3891191

3323958

567233

unsecured loan

1999350

25700

1973650

5138761

3373485

1765276

7679,57198
4
52,3279635
2

114209
60

730391
2

4117048

56,3677108
9

Gross block

8652404

7292469

1359935

Less : deprecation

4694248

4289063

405185

3958156
602698

3003406
32764

954750
569934

739237
107100

660100

79137
107100

Capital
amount received against warrants

secured loans

TOTAL
APPLICATION OF FUNDS
Fixed assets

Net block
Capital work in progress
Investments
deffered tax asset (net)
Current asset and, loans and advances

18,6484851
7
9,44693514
6
31,7889089
9
1739,51288
11,9886380
9

3050675

2514971

535704

861711

668825

192886

2029654

113972

1915682

625090

463424

161666

18632

18868

-236

Total current asset (A)


Less: current liabilities & provision
(B)

6585762

3780060

2805702

649019

614240

34779

Net current assets (A-B)


Misc expenditure (to the extent of
written off)

5936743

3165820

2770923

21,3006034
7
28,8395320
2
1680,83564
4
34,8851160
1
1,25079499
7
74,2237424
8
5,66211904
1
87,5262333
3

77026

12481

64545

517,146062

411704
8

56,3677108
9

Inventories
Sundry debtor
Cash and bank balance
Loan and advances
fixed asset and held for disposal

profit and loss a/c

TOTAL

----

114209
60

429341

730391
2

Interpretation:

1. Reserve and surplus of the company have been increased by the


comparatively previous year. It increased by 17.06%. it mean this is the
good situation for the company.
2. Fixed assets have been increased by 31.78% after depreciation.
3.

Current asset and loan advances have been increased by 74.22%. in the total
current asset the maximum amount is increased in cash and bank balance. It
increased by 1680.83%.

4. Current liabilities & provisions are increased by 5.66%.

particulars

previou
current s
absolut
year(20 year(20 e
06-07)
05-06)
change

percent
age
change

SOURCES OF FUNDS
Share holders funds
400340

Capital
amount recived againist warrants

354590

---

Reserve and surplus


Loan funds

sucured loans
deffered tax liability (net)

12,9022251
1

956039

24,5693156
7

37068
4847230

unsecured loaan

45750

3891191

1950750

1999350

-48600

7965040

5138761

2826279

2,43079000
7
54,9992303
6

152299
04

114209
60

3808944

33,3504714
1

10030812

8652404

1378408

5095679

4694248

401431

4935133

3958156

976977

1721124

602698

1118426

1069740
--

739237

330503

66544 ---

TOTAL
APPLICATION OF FUNDS
Fixed assets
Gross block
Less : deprecation
Net block
Capital work in progress
Investments
deffered tax asset (net)
Current asset and, loans and advances

107100

3597158

3050675

546483

879660

861711

17949

Cash and bank balance

2124541

2029654

94887

Loan and advances

1462490

625090

837400

24558

18632

5926

8088407

6585762

1502645

584689

649019

-64330

7503718

5936743

1566975

189

77026

-76837

152299

114209

380894

Inventories
Sundry debtor

fixed asset and held for disposal


Total current asset (A)
Less: current liabilities &
provision (B)
Net current assets (A-B)
Misc expenditure (to the extent of
written off)

15,9309250
9
8,55155074
9
24,6826299
9
185,569887
4
44,7086658
3

17,9135109
4
2,08294892
4
4,67503328
2
133,964709
1
31,8054959
2
22,8165700
5
9,91188239
5
26,3945230
6
99,7546283
1

Interpretation:

1.

Reserve and surplus of the company have been increased by 24.56% during
the year 2006-07. It shows that the company has adopted good policy and
further development by retain profit.

2. Secured loan has been increased by 54.99%. it is the negative point of the
company.
3. Inventories have been increased by 17.91% debtor have increased by 2.08%
and cash and bank balance increased by 4.67% and loan and advances also
increased by 133.96%.
4.

Current liabilities and provision is also decreased by 9.91%, it show the


good situation for a company.

particulars
SOURCES OF FUNDS
Share holders funds
Capital
Reserve and surplus
Loan funds

previou
current s
absolu percent
year(20 year(20 te
age
07-08)
06-07)
change change
400340
4813281

400340
4847230

0
-33949

1802250

1950750

-148500

7955876

7965040

-9164

170585

66544

104041

151423
32

152299
04

-87572

12408506

10030812

2377694

5854693

5095679

759014

6553813

4935133

1618680

407750

1721124

-1313374

1410685

1069740

340945

Inventories

4646596

3597158

1049438

Sundry debtor

1122564

879660

242904

Cash and bank balance

1176715

2124541

-947826

Loan and advances

1208673

1462490

-253817

13530

24558

-11028

8168078

8088407

79671

1398012

584689

813323

6770066

7503718

-733652

18

189

-171

151423

152299

unsecured loan
secured loans
deferred tax liability (net)

TOTAL

-0.70037
7,6124567
47
0,1150527
81
156,34918
25
0,5750003
41

APPLICATION OF FUNDS
Fixed assets
Gross block
Less : deprecation
Net block
Capital work in progress
Investments
Current asset and, loans and advances

fixed asset and held for disposal


Total current asset (A)
Less: current liabilities & provision
(B)
Net current assets (A-B)
Misc expenditure (to the extent of
written off)

23,703903
53
14,895247
52
32,799116
05
76,309086
39
31,871763
23
29,174086
88
27,613396
08
44,613212
92
17,355127
21
44,905936
97
0,9850023
62
139,10352
34
9,7771797
93
90,476190
48
-

Interpretation:
1. Reserve and surplus of the company is decreased by .70%. it is a bad
situation of the company. It is the period of recession.
2. Secured loans of the company has been decreased by .11% it show positive
point of the company.
3. Inventories increased by 29.17%, debtor increased by 27.61%, cash and
bank balance decreased by 44.61% and loan and advances is decreased by
17.55%.
4.

Overall financial position of the company cant be satisfactory. Because this


is the time of recession period. The share market has not well position.

Comparative analysis of profit and loss account:

Particulars

Curren
t year
(200304)

Previou
s year
(200203)

Absol
ute
chang
e

Percent
age in
change

Income
Operating and other income
Transfer from general reserve

4020765
255617

3423127

597638

17,458832
23

853255

24,926185
91

--3423127

total income(A)

4276382

Expenditure
2102772

1468691

634081

Manufacturing exp

676941

723083

-46142

Employment cost

161492

173010

-11518

Admistration exp

58002

48483

9519

118240

199742

-81502

Selling exp

77526

102486

-24960

Excise duty

259163

300326

-41163

6145

6563

-418

616829

323223

4077110

3345607

293606
731503

Cost of material

Financial exp.

Misc. exp written off


Deprecation

total expenditure(B)

43,173206
62
6,3812867
96
6,6574186
46
19,633686
03
40,803636
69
24,354545
99
13,706106
03
6,3690385
49
90,836976
33
21,864582

Profit before tax (A-B)

Less: provision for taxation


Profit after tax

Add: income tax liability/refund of earlier year(net)


Available for appropriation

199272

77520

121752

45

4050

-4005

199227

73470

125757

30

-57

87

199257

73413

125844

73413

125844

Less: transfer to general reserve

---

Less: balance carried to balance sheet


Basic /diluted earning per share(in Rs)

199257
10.83Rs

42
157,05882
35
98,888888
89
171,16782
36
152,63157
89
171,41923
09
171,41923
09

--3.99Rs

Interpretation:
1. The comparative income statement show that operating income is increased
by 17.45% than the total income is increase by 24.92%.
2.

Cost of material (43.17%), Admistration exp. (19.63%) and deprecation


(90.83%) increased. Manufacturing exp (6.38%), employment cost (6.65%),
financial exp (40.80%) selling exp (24.35%) are decreased. It means the
profit of the company will be increased.

3.

Profit after tax increased by (171.16%) and the of balance transfer to balance
sheet is (199257000) rupees.

4. At last the earning per share value is increased 6.84Rs per share.

Particulars

Current
year
(200405)

Previous
year
Absolut
(2003e
04)
change

Percent
age in
change

Income (A)
2379491

59,180056
53

4276382

2123874

49,665207
65

2102772

1141422

676941

561693

161492

184383

58002

35897

118240

162298

77526

58536

259163

-42624

6145

458997

616829

-157832

6020884

4077110

1943774

Profit before extra ordinary items & tax(A-B)


extra ordinary items

379372
159110

199272
---

180100

profit before tax

220262

199272

20990

17000

45

16955

Profit after tax

203262

199227

4035

Add: income tax liability/refund of earlier year(net)


Add: balance brought forward
Less: transfer to capital redemption reserve
Add: balance acquired on amalgamation
Add: transfer from general reserve

175
199257
192500
-674754
35219

30

145
199257
192500
-674754
35219

Operating and other income

6400256

4020765

-Transfer from general reserve

total income

255617
6400256

Expenditure (B)
3244194
Cost of material
1238634
Manufacturing exp
345875
Employment cost
93899
Admistration exp
280538
Financial exp.
136062
Selling exp
216539
Excise duty
6146
Misc. exp written off

Deprecation

total expenditure (B)

Less: provision for taxation

balance surplus /deficit carried to the balance


sheet
basic earning per share (in Rs)
diluted earning per share(in Rs)

-429341
199257
6.65Rs
10.83Rs
5.24Rs
10.83Rs

-628598

54,281776
63
82,975178
04
114,17469
6
61,889245
2
137,26150
2
75,504991
87
16,446792
17
0,0162733
93
25,587642
6
47,675289
6
90,378979
49
10,533341
36
37677,777
78
2,0253278
92
483,33333
33

315,47097
47

Interpretation:
1.

The income statement shows that the operating income is increased by


59.18% increased so the total income is increased by 49.66% in this year the
general reserve cant be transfer so the total income not increased
sufficiently.

2.

In this year only the deprecation (25.58%) and excise duty(16.44%)


decreased and all other exp. For example. Cost of material (54.28%),
manufacturing exp. (82.97%), employment cost (114.17%), Admistration
exp. (61.88%), financial exp (137.26%), and selling exp (75.50%), and misc.
exp is increased and when the expense of the company is increase than the
profit of the company is decreased.

3.

In this year the profit is only increased by 2.02%.

4. In this year the company not transfer the surplus to balance sheet they
transfer deficit to the balance sheet.
5. The earning per share value is decreased by 4.28%.

Particulars

Previo
Current us
year
year
(2005(200406)
05)

Absolut Percent
e
age in
change change

Income
6996416

6286798

709618

Less: excise duty recovered on sale

55046

216539

-161493

other income

49865

113458

-63593

6991235

6183717

807518

Operating and other income

total income(A)

11,2874312
2
74,5791751
1
56,0498157
9
13,0587800
2

Expenditure
3244194

3250912

Cost of material

6718
1238634

1600421

Manufacturing exp

361787
345875

401276

Employment cost

55401
93899

127322

Admistration exp

33423
280538

203140

Financial exp.

-77398
136062

148124
6146
486703

458997

27706

6224044

5804345

419699

767191

379372

387819

Selling exp
Misc. exp written off
Deprecation

total expenditure (B)


Profit before extra ordinary items & tax(A-B)
Extra ordinary items

---

Profit before tax


Less: provision for taxation
Less: provision for wealth tax

12062

0,20707762
9
29,2085474
8
16,0176364
3
35,5946282
7
27,5891323
1
8,86507621
5

6146

6,03620503
7,23077280
9
102,226574
4

159110
767191

220262

546929

64200
70

16930
70

47270

248,308378
2
279,208505
6

295,893477
4

5320 --

Less: provision for fringe benefit tax

-107100 --

Less: deferred tax


Profit after tax
Add/Less: income tax liability/refund of earlier
year(net)

804701

203262

601439

-2170

175

-2345

Add/Less: balance brought forward

-429339
-

199257

-628596

Less: transfer to capital redemption reserve

--

192500

Add/Less: balance acquired on amalgamation

---

-674754

-1340
315,469970
9

Interpretation:
1. In this year the Income is increased by 13.05% this percentage is very low
comparison to previous year or this year income is increased only by 11.28%.
2. This year statement shows that the total expenditure is increased by 7.23%.
The expense is decreased comparison to income. So it mean when the exp is
decreased then the company earn profit.
3. In this year only the financial expense have decreased by 27.58%.
4. After all tax and provision the profit increased by 295.89%.
5. After dividend paid 322760 rupees amount is transfer to balance sheet.
6. In this year the basic earning per share value is increased by 19.66 Rs per
share.

Particulars

Curren
t year
(200607)

Previo
us
year
(200506)

Absolut
e
change

Percent
age in
change

Income
9090163

6996416

2093747

83838

55046

28792

216656

49865

166791

9222981

6991235

2231746

Cost of material

4275167

3250912

1024255

Manufacturing exp
Employment cost

2116249
508366

1600421
401276

515828
107090

Admistration exp

162162

127322

34840

Financial exp.

308715

203140

105575

Selling exp

191036

148124

42912

Excise duty on stock


Misc. exp written off
Deprecation

47567 --6146
6146
638149
486703

151446

Operating income
Less: excise duty recovered on sale
other income

total income(A)

29,9259935
4
52,3053446
2
334,485109
8
31,9220566
9

Expenditure

total expenditure (B)


Profit before tax

8297557

6224044

2073513

925424

767191

158233

129370
245

64200
70

65170
175

7250

5320

1930

Less: provision for taxation


Less: provision for wealth tax
Less: proision fot fringe benefit tax

173644

-107100

280744

678633

804701

-126068

662

-2170

2832

Less: deferred tax

Add/Less: income tax liability/refund of earlier


year(net)
Add/Less: balance brought forward
Less: transfer to FCCBs periodic reserve cost
Less: proposed divedend on equity share
Less: corporate dividend tax
Transfer to general reserve

31,116718
33,3145620
4
20,6249812
6
101,510903
4
250
36,2781954
9

63718 ---

Add: Mat credit entitelment

Profit after tax

31,5066972
32,2307692
8
26,6873673
27,3636920
6
51,9715467
2
28,9703221
6

---

262,132586
4
15,6664400
8
130,506912
4

-429339
139744

139744

40034

35459

4575

6804

4973

1831

492713

332760

159953

12,9022251
1
36,8188216
4
48,0685779
5

Interpretation:
1. In this year the statement shows that the other incomes are increased by
334.48%. Than the total income is increased by 31.92% in this year the
excise duty recovered on sale is increased by 52.30%.
2. Total expense is increased by 33.31%. In expense only the misc. expense are
constant and other expense is increased. It is not good for company.
3. Profit after tax and provision is decreased by 15.66%. The ratio of profit is
decreased comparative to previous year profit.
4.

This year the general reserve transfer to balance sheet is 48%.

5. In this year the basic earning per share value is decreased by 8.73Rs per
share.

Particulars

Current
year
(200708)

Previou
s year
Absolu Percent
(2006- te
age in
07)
change change

Income
8837285

9090163

-252878

83508

83838

-330

148724

216656

-67932

8902501

9222981

-320480

Operating and other income

Less: excise duty recovered on sale

other income

total income(A)

2,7818863
09
0,3936162
6
31,354774
39
3,4747984
41

Expenditure
Cost of material

4195342

4275167

-79825

Manufacturing exp

2261043

2116249

144794

Employment cost

620201

508366

111835

Admistration exp

156656

162162

-5506

Financial exp.

518971

308715

210256

Selling exp

163329

191036

-27707

Excise duty on stock

28568

47567

-18999

Misc. exp written off

171

6146

-5975

806952

638149

168803

8751233

8297557

453676

151268

925424

-774156

15100

129370

-114270

263

245

18

8200

7250

950

Deprecation

total expenditure (B)


Profit before tax

Less: provision for taxation


Less: provision for wealth tax
Less: provision for fringe benefit tax
Add: Mat credit entitlement

Less: deferred tax

---

1,8671785
22
6,8420115
02
21,998914
17
3,3953700
62
68,106829
92
14,503549
07
39,941556
12
97,217702
57
26,451972
82
5,4675852
18
83,654195
27
88,328051
33
7,3469387
76
13,103448
28

63718
104041

173644

-69603

40,083734
54
-

Interpretation:
1.

The statement show that this year the total income is decreased by 3.47%
and all other incomes is decreased by 31.35% so it is the negative point of
the company.

2.

The total expense is increased by 5.46%. In the expenses the cost of


material, Admistration exp., selling exp, excise duty and misc. exp have
decreased and other exp. is increased.

3. Profit after tax and provision is decreased by 96.51% to previous year.


4. In this year the company basic per share value is decreased by 16.97Rs per
share.
5.

In this year the profit cant be earned. Because in this year the market
situation is very bad. It is the recession period for company