Professional Documents
Culture Documents
Financial Statements
?
Which of the financial statements do you
focus on, usually, while evaluating a company?
1. Balance Sheet
2. P&L Account
3. Cash Flows.
Case - 1
Consolidate Balance Sheet
March, 2010
March, 2009
March, 2008
Sources of funds
Net Worth
Total Debt
Total Liabilities
30,433
21,677
52,737
24,154
16,320
41,108
19,688
12,277
32,355
Application of Funds
Net Block
Investments
Inventories
Sundry Debtors
CA
CL
TA
17,826
5,505
12,481
1,619
27,559
9,282
52,737
10,177
1,400
10,928
2,165
31,788
7,947
41,108
6,912
910
9,454
7,611
26,618
7,269
32,355
7,459
3,847
3,612
3,944
1,100
2,834
1,708
10,047
4,379
5,668
6014
555
5,459
4,518
14,498
4,655
9,843
10000
310
9,690
7,821
P/L
Income
Total expense
OPP
PBDIT
Interest
PBDT
NP
Case Study - 2
Sales
Op. Profit
OPM
Other Income
EBIDT
Interest
Depreciation
PBT
Tax
NP
Div. Payout
March, 2010
March, 2011
March, 2012
7,797.19
59.44
0.76%
112.47
171.91
12.94
5.57
153.4
48.55
107.27
32.95%
9,094.39
137.22
1.51%
154.33
291.55
44.89
10.5
236.09
73.28
166.03
26.65%
8,058.53
405.47
5.03%
51.69
457.16
94.53
9.16
353.48
94.21
204.12
21.68%
Case-2
Cash Flows
Cash from Operating
Activities
Cash flow from
investment
activities
March,
2010
March ,2011
March ,2012
-508.55
-585.88
-1219.53
-39.97
-111.28
599.41
742.13
610.29
-53.96
193.61
-56.88
-674.09
?
Which of the three financial ststements is
depicting information as on a particular point
of time not a period?
1. P&L
2. Balance Sheet
3. Cash Flows
Financial Statements
Snap Shots
Balance Sheet as
on
Balance Sheet as on
Business Transaction
Cash Transaction
Bank Account
Cash Flow Statements
Company B
Cash flows from operating
activities
-100
Cash flows from
investing activities 250
Cash flows from
financing activities -100
Net increase in cash
50
Wockhardt
Dec.04 Dec.05 Dec.06 Dec.07 Dec.08
Sales
Mar.10
Mar.11
Mar.12
1253
1409
1731
2654
3594
4502
3751
4614
270
329
400
639
808
796
909
1440
Other Income
21
43
47
47
35
26
16
23
Dep
37
43
62
78
113
148
117
123
EBIT
255
329
386
607
730
674
808
1341
20
26
41
164
400
342
267
214
235
303
345
443
330
332
541
1126
Net Profit
214
257
241
386
-139
-1001
91
343
Operational Profit
OPM
interest
Balance Sheet
Dec.04
Dec.05
Dec.06
Dec.07
Dec.08
Mar.10
Mar.11
Mar.12
55
55
55
55
55
55
55
55
Reserves
562
761
1012
1219
963
-52
143
655
Secured loans
408
412
1475
2344
3161
3552
3379
2958
Unsecured loans
483
494
495
556
1074
465
470
1508
1723
3037
4174
5253
4689
4723
4438
Net Block
498
548
1398
2549
2996
2529
2580
2975
Capital work in
163
240
309
522
634
708
887
499
71
93
95
90
91
846
934
1329
1031
1530
1357
1235
874
1508
1723
3037
4174
5253
4689
4793
4438
Dec.04
Dec.05
Dec.06
Dec.07
Dec.08
Mar.09
Mar.10
Mar.11
Operating activity
209
205
189
377
125
-193
642
1184
Investing activity
-152
-146
-876
-1671
-1198
698
-277
-305
Financing activity
521
-91
954
678
908
-404
-209
-827
578
-32
265
-650
-165
102
156
220
Equilibrium
Total
Progress
Investments
Working Expenre
Cash Flow