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fin621 solution

Thursday, May 13, 2010 Posted In Edit This

Financial Statement Analysis

ABC Ltd

Balance Sheet as on Dated 31.12.2007

___________________________________________________________________________

                        Liabilities                                                                     Assets

___________________________________________________________________________

                                                Amount                                                                        Amount

Capital                                         80,000                      Fixed Assets                           

Retained Earnings                    1,90,000                        Plant & Equipments                 3,00,000

 

Long Term Liabilities                                                   Long Term Deposits

Bonds                                      2,50,000                        Marketable Securities                   20,000

 

Current Liabilities                                                        Current Assets

Accounts Payable                    75,000                          Cash                                            25,000

Outstanding Expenses             30,000                          Account Receivable                  1,60,000

                                                                                    Stocks (Inventory)                    1,20,000

           

Total:                                       6,25,000                                                                        6,25,000                       

 

 

 

ABC Ltd

Balance Sheet as on Dated 31.12.2008

___________________________________________________________________________

                        Liabilities                                                                     Assets

___________________________________________________________________________

                                    Notes     Amount                                                          Notes   Amount

Capital                                         80,000                      Fixed Assets                           

Retained Earnings        1          2,45,000                        Plant & Equipments     2          3,20,000

                                                                                                              

 

Long Term Liabilities                                                   Long Term Deposits

Bonds Payable                         175,000             Marketable Securities   3             12,500

Notes Payable                            35,000

 

Current Liabilities                                                        Current Assets

Accounts Payable                    80,000             Cash                                            22,500

Accrued Expense                     22,500             Account Receivable                  1,65,000

                                                                                    Stocks (Inventory)                    1,17,500           

                                               

Total:                                     6,37,500                                                              6,37,500           


Notes   1

Retained earnings (2007)           190,000

Net Income (2008)                     125,000

Dividend paid   (2008)                 (70,000)

                                                  245,000

Notes 2

Additional Plant purchase        50,000

Cash Paid                                15,000

For remaining amount             35,000

issued Notes Payable for 5 years

Note 3

Marketable Securities               20,000

Sold in  2008                             7,500

                                                12,500

 

 

 

 

 

 

 

ABC Ltd.

Cash Flow Statement for the year Ended 31.12.2008

 

                                                                        Notes   Rs.’000

Net Income                                                                   125,000

Adjustment of Non Cash Items

            Depreciation                                                       30,000

                                                                                    155,000

Less: Other Income                                          1          (10,000)          

Operating Profit Before working capital changes          145,000

Working Capital Changes

            Reduction in stock                                               2,500

            Increase in Accounts Receivable                         (5,000)

            Increase in Accounts Payable                               5,000

            Decrease in outstanding expenses                      (7,500)

            Proceeds of Sale of Security                1             7,500

                                                                                        2,500          

Net Cash Flow from Operating activities                       147,500

Cash Flow from investing activities

            Purchase of Fixed assets (Plant)          2          (15,000)

            Receipts from sales of security                          10,000

Net Cash Flow from Investing activities                           (5,000)

Cash Flow from financing activities

            Dividend Paid                                                  (70,000)

            Decrease in Long Term Borrowings                 (75,000)

Net Cash Flow from Financing activities                      (145,000)

Net Increase / (Decrease) in Cash & Cash

Equivalents during the Year                                             (2,500)

O/B of Cash and Cash Equivalents                                   25,000

C/B of Cash and Cash Equivalents                                   22,500

           

 

Notes 1

Marketable Securities                  Account Code…………

Particulars

Amount Dr. (Rs.)

Particulars

Amount Cr. (Rs.)

O/B

To Proceeds of Sales of Security

20,000

 

10,000

By Cash

 

C/B

17,500

 

12,500

Total:

30,000

 

30,000

 

Notes 2

Plant & Equipment (WDV)                    Account Code…………

Particulars

Amount Dr. (Rs.)

Particulars

Amount Cr. (Rs.)

O/B

To Cash

To Notes Payable

300,000

  15,000

  35,000

By Depreciation

 

C/B

   30,000

 

320,000

Total:

300,000

 

300,000

 


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