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Balance Sheet of HMC LTD.: (Rs. in Lakhs)

The balance sheet shows the company's assets, liabilities and equity for years 21X1 to 21X3. Total assets grew from Rs. 1412.78 lakhs to Rs. 2617.75 lakhs over the period. Current assets, which include inventories, debtors and cash, increased from Rs. 866.08 lakhs to Rs. 1870.92 lakhs. The profit and loss statement indicates net sales increased from Rs. 2338.90 lakhs to Rs. 3717.23 lakhs while profit after tax grew from Rs. 83.75 lakhs to Rs. 134.86 lakhs for the same period. The cost of goods sold

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54 views2 pages

Balance Sheet of HMC LTD.: (Rs. in Lakhs)

The balance sheet shows the company's assets, liabilities and equity for years 21X1 to 21X3. Total assets grew from Rs. 1412.78 lakhs to Rs. 2617.75 lakhs over the period. Current assets, which include inventories, debtors and cash, increased from Rs. 866.08 lakhs to Rs. 1870.92 lakhs. The profit and loss statement indicates net sales increased from Rs. 2338.90 lakhs to Rs. 3717.23 lakhs while profit after tax grew from Rs. 83.75 lakhs to Rs. 134.86 lakhs for the same period. The cost of goods sold

Uploaded by

Parmar Brijesh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Balance sheet of HMC Ltd.

(Rs. in Lakhs)
Capital & liabilities 21X1 21X2 21X3
Share capital 225.00 225.00 225.00
Reserves & Surplus 286.13 357.95 447.81
Net Worth 511.13 582.95 672.81
Borowings
long term Debt 199.87 361.65 389.19

Current iabilites 701.78 1123.57 1555.75


Trade creditors 35.99 211.21 339.35
Provision & others 222.87 270.97 376.53
Short term borrowings 442.92 641.39 839.87

TOTAL 1412.78 2068.17 2617.75

Assets
Gross block 653.49 841.64 921.55
Less: depreciation 159.55 194.46 235.44
Net Block 493.94 647.18 686.11
Other Non current Assets 52.76 16.44 60.72

Current assets 866.08 1404.55 1870.92


->Inventories 476.28 778.89 1150.39
*Raw Materials 243.42 384.06 457.74
*Work in progress 85.74 150.55 230.84
* Finished Goods 147.12 244.28 461.81
-> Debtors 253.16 340.61 483.18
-> Cash & Bank balance 8.37 98.84 26.08
-> Others 128.27 186.21 211.27

TOTAL 1412.78 2068.17 2617.75


Profit and Loss Account of HMC Ltd.
(Rs. in Lakhs)
Particulars 21X1 21X2 21X3
A. Net sales 2338.90 2825.69 3717.23
B. Cost of goods Sold 1929.04 2322.8 3053.66
C. Gross Profit 409.86 502.89 663.57
D. Less: Selling & Admn. Exp. 239.72 262.1 357.87
E. Operating Income 170.14 240.79 305.70
F. Add: Any other Income 15.24 25.38 36.91
G. Earning Before Interst & Taxes 185.38 266.17 342.61
H. Less: Interest 59.84 124.98 143.46
I. Profit Before Tax 125.54 141.19 199.15
J. Provision for Tax 41.79 30.00 64.29
K. Profit After Tax 83.75 111.19 134.86
L. Effective Tax Rate 33.29 21.25 32.28
M. Dividend distriuted 33.75 39.38 45.00
N. Retained Earnings 50.00 71.81 89.86

Statement of Cost of Goods sold


(Rs. in Lakhs)
Particulars 21X1 21X2 21X3
Raw Material 1587.34 2019.54 2751.52
Direct Labour 138.13 170.86 228.94
Depreciation 23.07 38.64 41.59
Othe Manufacturing Expensess 205.34 255.72 329.44
1953.88 2484.76 3351.49
Add: Opening Work I Progress 57.09 85.74 150.55
2010.97 2570.50 3502.04
Less: Closing Work I Progress 85.74 150.55 230.83
Cost of production 1925.23 2419.95 3271.21
Add: Opening Finished Goods 150.93 147.12 244.26
2076.16 2567.07 3515.47
Less: Closing Finished Goods 147.12 244.26 461.81

Cost of goods sold 1929.04 2322.81 3053.66

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