TOYOTA

COMMON SIZE BALANCE SHEET

For the years 2005 & 2006
(Rs. In Crores)

Sources Of Funds
Total Share Capital
Equity Share Capital
Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Deffered Tax liability
Total Liabilities
Application Of Funds
Gross Block
Less: Accum. Depreciation
Net Block
Capital Work in Progress
Investments
Add: Current Assets
Inventories
Sundry Debtors
Cash and Bank Balance
Loans and Advances
Total CA, Loans &
Advances
Less: Current libilities
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
Miscellaneous Expenses
Total Assets

Mar '05

%CHANGE

Mar '06

%CHANGE

39.76
39.76
38.05
77.81
108.86
95.89
204.75
4.24
286.8

13.86
13.86
13.27
27.13
37.96
33.43
71.39
1.48
100

39.76
39.76
39.93
79.69
92.45
150.69
243.14
6.18
329.01

12.08
12.08
12.14
24.22
28.1
45.8
73.9
1.88
100

200.21
54.17
146.04
60.15
5.9

69.81
18.89
50.92
20.97
2.06

250.36
65.1
185.26
56.04
0

76.09
19.79
56.31
17.03
0

70.75
71.98
2.47
16.16

24.67
25.1
0.86
5.63

91.94
67.07
3.51
20.7

27.94
20.39
1.07
6.29

161.36

56.26

183.22

55.69

80.91
5.86
96.25
74.61
0.1
280.9

28.21
2.04
33.56
26.01
0.03
97.94

92.02
3.54
95.56
87.65
0.06
329.01

27.97
1.08
29.04
26.64
0.02
100

3.3.2 COMMON SIZE BALANCE SHEET

(Rs. In Crores)

Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing
Expenses
Selling and Admin
Expenses
Miscellaneous Expenses
Preoperative Exp
Capitalised
Total Expenses
Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
Reported Net Profit
Total Value Addition
Equity Dividend

Mar '05

%CHANGE

Mar '06

%CHANGE

315.87
29.25
286.62
0.54
-8.98
278.18

110.21
10.21
100
0.19
-3.13
97.06

335.9
32.94
302.96
0.92
7.41
311.29

110.87
10.87
100
0.3
2.45
102.75

186.89
186.89
9.67

0
65.2
65.2
3.37

233.68
16.53
12.76

0
77.13
5.46
4.21

0.59

0.21

0.56

0.18

12.31
2.39

4.29
0.83

14.77
2.8

4.88
0.92

0
224.4
53.24
53.78
10.5
43.28
8.53
0.04
34.71
0
34.71
13.8
20.94
37.5
3.98

0
78.29
18.58
18.76
3.66
15.1
2.98
0.01
12.11
0
12.11
4.81
7.31
13.08
1.39

0
281.1
29.27
30.19
13.11
17.08
10.94
0.04
6.1
0
6.1
1.94
4.15
47.42
1.99

0
92.78
9.66
9.97
4.33
5.64
3.61
0.01
2.01
0
2.01
0.64
1.37
15.65
0.66

INTERPRETATION FOR COMMON SIZE STATEMENT:

BALANCE SHEET:
Common size financial statement is given above reveals of the total assets is taken 100%

in the years 2005 2006.

The common size balance sheet that shows the Reserve and surplus in 2005 13.27% and

2006 is 12.24% increase the surplus reserve and surplus.

Net Worth has 27.13% and 24.22% decrease in the previous year compared.
Net block has 2005 is 50.92% and 56.31% increased in 2006.
Sundry debtors increased to 25.1% and 20.39% decrease in 2006.
Cash & bank balance has 0.87% is taken 2005 and 2006 has 1.07% that is slowly

decreased bank balance.

The net current assets have 26.01% in the year 2005 and 26.64% decreased in the 2006.

INCOME STATEMENT:
Common size income statement is given above reveals of the Revenue from sales is taken

100% in the years 2005 2006.

PBDIT has 18.86% is taken year 2006 and 9.97% compared to previous year is

increased.
EBIT has 12.11% in the year 2005 and 10.1% increase to EBIT in the year 2006.
Profit after tax 7.31% in the year 2005 and increase the general reserve 1.37% in the

year 2006.

3.3.3 COMMON SIZE BALANCE SHEET

For the years 2007, 2008 & 2009
(Rs. In Crores)
Table 28

Sources Of Funds
Total Share Capital
Equity Share Capital
Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Deffered Tax liability
Total Liabilities
Application Of Funds
Gross Block
Less: Accum.
Depreciation
Net Block
Capital Work in
Progress
Investments
Add: Current Assets
Inventories
Sundry Debtors
Cash and Bank Balance
Loans and Advances
Total CA, Loans &
Advances
Less: Current libilities
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
Miscellaneous Expenses
Total Assets

Mar '07

%CHANGE

Mar '08

%CHANGE

Mar '09

%CHANGE

39.76
39.76
51.09
90.85
163.83
137.34
301.17
11.85
403.87

9.84
9.84
12.65
22.49
40.57
34.01
74.57
2.93
100

39.76
39.76
71.8
111.56
178.32
122.71
301.03
25.77
438.36

9.07
9.07
16.38
25.45
40.68
27.99
68.67
5.88
100

39.76
39.76
85.5
125.26
226.46
154.6
381.06
31.24
537.56

7.4
7.4
15.91
23.3
42.13
28.76
70.89
5.81
100

318.24

78.8

355.16

81.02

389.75

72.5

76.66
241.58

18.98
59.82

91.28
263.88

20.82
60.2

107.35
282.4

19.97
52.53

7.54
0

1.87
0

8.62
0

1.97
0

4.25
0

0.79
0

106.37
76.68
26.5
52.42

26.34
18.99
6.56
12.98

120.93
88.14
4.2
52.89

27.59
20.11
0.96
12.07

144.36
119.66
34.64
61.08

26.85
22.26
6.44
11.36

261.97

64.86

266.16

60.72

359.74

66.92

101.88
5.38
107.26
154.71
0.04
403.87

25.23
1.33
26.56
38.31
0.01
100

93.19
7.11
100.3
165.86
0
438.36

21.26
1.62
22.88
37.84
0
100

101.08
7.75
108.83
250.91
0
537.56

18.8
1.44
20.25
46.68
0
100

3.3.4 COMMON SIZE BALANCE SHEET

For the years 2007, 2008 & 2009
(Rs. In Crores)
Table 29

Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
Expenditure
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing
Expenses
Selling and Admin
Expenses
Miscellaneous Expenses
Preoperative Exp
Capitalised
Total Expenses
Operating Profit
PBDIT
Interest
PBDT
Depreciation
Other Written Off
Profit Before Tax
Extra-ordinary items
PBT (Post Extra-ord
Items)
Tax
Reported Net Profit

Mar '07

%CHANGE

Mar '08

%CHANGE

Mar '09

%CHANGE

410.45

111.12

494.72

106.7

680.47

41.08
369.37
2.32
4.71
376.4

31.06
463.66
4.69
0.14
468.49
332.69
10.44
18.63

6.7
100
1.01
0.03
101.04
0
71.75
2.25
4.02

35.75
644.72
-3.48
-2.47
638.77

268.03
17.03
14.83

11.12
100
0.63
1.28
101.9
0
72.56
4.61
4.01

494.4
10.35
21.43

105.55
5.55
100
-0.54
-0.38
99.08
0
76.68
1.61
3.32

4.99

1.35

6.27

1.35

5.56

0.86

14.32
3.65

3.88
0.99

14.19
3.82

3.06
0.82

17.32
4.53

2.69
0.7

0
322.85
51.23
53.55
20.31
33.24
11.57
0.03
21.64
0

0
87.41
13.87
14.5
5.5
9
3.13
0.01
5.86
0

0
386.04
77.76
82.45
27.27
55.18
15.13
0.04
40.01
-0.55

0
83.26
16.77
17.78
5.88
11.9
3.26
0.01
8.63
-0.12

0
553.59
88.66
85.18
40.54
44.64
16.42
0
28.22
0

0
85.87
13.75
13.21
6.29
6.92
2.55
0
4.38
0

21.64
5.84
15.81

5.86
1.58
4.28

39.46
14.1
25.92

8.51
3.04
5.59

28.22
9.88
18.35

4.38
1.53
2.85

INTERPRETATION FOR COMMON SIZE INCOMESTATEMENT

BALANCE SHEET:
Common size financial statement is given above reveals of the total assets is taken 100%

in the years 2007, 2008 &2009.

Common size balance sheet shows that the reserve and surplus increasing from 12.25% to

16.85% in 2007-08 and again decreased to 15.61% in 2009.

Fixed assets have increased from 59.82% to 60.2% in 2007-2008 and decreased to
58.82% in 2009.

The current assets are continuously increased as compared to previous year

Net current assets have increased continuously year by year.

INCOME STATEMENT:
The common size income statement is given above reveals of the Revenue from Sales is

taken 100 in the years 2007, 2008 &2009.

The PBIDT increased from 14.5% to 17.71% in the years between 2007-2008.
In the year 2007 2008; it could not help to improve profit.
PAT has decreased compare to the previous years.

Other income has increased

In every year the company is slowly improves its performance.

It is found the satisfactory position of the company.

3.4. TREND STATEMENT:

Trend analysis calculates the percentage change for one account over a period of time of two
years or more.
Percentage change
To calculate the percentage change between two periods:

Calculate the amount of the increase/ (decrease) for the period by subtracting the earlier
year from the later year.

If the difference is negative, the change is a decrease and if the difference is positive, it is
an increase.

Divide the change by the earlier year's balance. The result is the percentage change.

Trend percentages
To calculate the change over a longer period of time the following is the formula for calculating
trend for the data:

;
Ye = a + b(X)

3.4.1 Trend analysis for Net Sales

Table 30

YEARS
(X)
200405
200506
200607
200708
200809

NET
SALES (Y)

X=X
-A

X2

XY

286.62

-2

-573.24

302.9

-1

-302.9

369.37

463.66

463.66

644.72

1289.44

2067.27

10

= 413.54;

= 80.696

Ye = a + b(X)
2009-10 = 413.454 + 80.696(3) = 676.633
2010-11 = 413.454 +80.696(4) = 764.329
The estimated net sales for 2009-10 is 676.633 and the estimated net sales for 2010-11 is
764.329 that mean in future net sales has been increasing.

3.4.2 Trend analysis for Total Income

Table 31
YEARS
(X)
200405
200506
200607
200708
200809

TOTAL
INCOME (Y)

X=X
-A

X2

XY

278.18

-2

-556.36

311.29

-1

-311.29

376.4

468.49

468.49

638.77

1277.54

2073.13

= 414.626;
Ye = a + b(X)

10

= 87.838

2009-10 = 414.626 + 87.838(3) = 678.14

2010-11 = 413.626 +87.838(4) = 765.978
The estimated Total income for 2009-10 is 678.14 and the estimated Total income for 2010-11 is
765.978 that mean in future Total income has been increasing.

1.4.3 Trend analysis for Total Expenses

Table 32
YEARS
(X)
200405
200506
200607
200708
200809

TOTAL
EXPENSES (Y)

X=X
-A

X2

XY

224.4

-2

-448.8

281.1

-1

-281.1

322.85

386.04

386.04

553.59

1107.18

1767.98

10

= 353.596;

= 76.3596

Ye = a + b(X)
2009-10 = 353.596 + 152.664(3) = 582.67
2010-11 = 353.596 +152.664(4) = 659.03
The estimated Total Expenses for 2009-10 is 582.67 and the estimated Total Expenses for 201011 is 659.03 that mean in future Total Expenses has been increasing.

3.4.4Trend analysis for Profit before Depreciation, Interest and Tax Table 33
YEARS
(X)
200405
200506

PBDIT (Y)

X=X
-A

X2

XY

53.78

-2

-107.56

30.19

-1

-30.19

200607
200708
200809

53.55

82.45

82.45

85.18

170.36

305.15

= 61.03;

10

= 11.506

Ye = a + b(X)
2009-10 = 61.03 + 23.012(3) = 95.548
2010-11 =61.03 +23.012(4) = 107.054
The estimated PBDIT for 2009-10 is 95.548 and the estimated PBDIT for 2010-11 is 107.54 that
mean in future PBDIT has been increasing.

3.4.5 Trend analysis for Net profit

Table 34
YEARS
(X)
200405
200506
200607
200708
200809

NET
PROFIT (Y)

X=X
-A

X2

XY

20.94

-2

-41.88

4.15

-1

-4.15

15.81

25.92

25.92

18.35

36.7

85.17

= 17.034;

10

= 1.659

Ye = a + b(X)
2009-10 = 17.034 + 3.318(3) = 22.011
2010-11 =17.034 +3.318(4) = 23.67
The estimated Net profit for 2009-10 is 22.011 and the estimated Net profit for 2010-11 is 23.67
that mean in future Net profit has been increasing.

3.4.6 Trend analysis for Fixed Assets

Table 35
YEARS
(X)
200405
200506
200607
200708
200809

FIXED
ASSETS (Y)

X=X
-A

X2

XY

146.04

-2

-292.08

185.26

-1

-185.26

241.58

263.88

263.88

282.4

564.8

1119.16

= 223.832;
Ye = a + b(X)
2009-10 = 223.832 + 70.268(3) = 329.234
2010-11 =223.832 +70.268(4) = 364.368

10

= 35.134

The estimated fixed assets for 2009-10 is 329.234 and the estimated Fixed assets for 2010-11 is
364.368 that mean in future Fixed assets has been increasing.

3.4.7 Trend analysis for Total Assets

Table 36
YEARS
(X)
200405
200506
200607
200708
200809

Total Assets (Y)

X=X
-A

X2

XY

282.56

-2

-565.12

322.83

-1

-322.83

392.02

412.59

412.59

506.32

1012.64

1916.32

10

= 383.264;

= 53.728

Ye = a + b(X)
2009-10 = 383.264+ 107.456 (3) = 544.44
2010-11 =383.264+107.456 (4) = 598.168
The estimated Total assets for 2009-10 are 544.44and the estimated Total assets for 2010-11 is
598.168 that mean in future Total assets has been increasing.

3.4.8 Trend analysis for Debt-Equity Ratio

Table 37
YEAR

DEBT- EQUITYRATIO

2004-2005
2005-2006
2006-2007
2007-2008
2008-2009

2.63
3.05
3.31
2.7
3.04
14.73

X=X
-A
-2
-1
0
1
2

X2

XY

4
1
0
1
4

-5.26
-3.05
0
2.7
6.08

= 2.946;

10

= 0.047

Ye = a + b(X)
2009-10 = 2.946+ 0.047 (3) = 2.087
2010-11 =2.946+0.047 (4) = 3.134
The estimated Debt-Equity Ratio for 2009-10 is 2.087 and the estimated Debt-Equity Ratio for
2010-11 is 3.134 that mean in future Debt-Equity Ratio has been increasing.

3.4.9 Trend analysis for Proprietary Ratio

Table 38
Year
20042005
20052006
20062007
20072008
20082009

Proprietary Ratio

X=X
-A

X2

XY

0.28

-2

-0.56

0.24

-1

-0.24

0.22

0.25

0.25

0.23

2
=
0

4
2
= 10

0.46
=0.09

= 1.22

= 0.244;
Ye = a + b(X)

= -0.009;

2009-10 = 0.244 + -0.009 (3) = 0.217

2010-11 = 0.244 +-0.009 (4) = 0.208
The estimated Proprietary Ratio for 2009-10 is 0.217 and the estimated Proprietary Ratio for
2010-11 is 0.208 that mean in future Proprietary Ratio has been decreasing.

3.4.10 Trend analysis for Total Debt Ratio

Table 39
Year
20042005
20052006
20062007
20072008
20082009

Total Debt
Ratio

X=X
-A

X2

XY

0.73

-2

-1.46

0.74

-1

-0.74

0.75

0.69

0.69

0.71

1.42

= 3.62

=
0

2
= 10

= 0.724;

=0.09

= -0.009;

Ye = a + b(X)
2009-10 = 0.724 + -0.009 (3) = 0.697
2010-11 = 0.724 +-0.009 (4) = 0.688
The estimated Total Debt Ratio for 2009-10 is 0.697 and the estimated Total Debt Ratio for
2010-11 is 0.688 that mean in future Total Debt has been decreasing.

Trend analysis for Current Ratio

Table 40

YEAR
20042005

CURRENT
RATIO

X=X
-A

X2

XY

1.68

-2

-3.36

20052006
20062007
20072008
20082009

1.92

-1

-1.92

2.44

2.65

2.65

3.31

2
=
0

4
2
= 10

6.62
=
3.99

= 12

= 2.4;

= 0.399;
Ye = a + b(X)

2009-10 = 2.4 + 0.399 (3) = 3.597

2010-11 = 2.4 + 0.399 (4) = 3.996
The estimated Current Ratio for 2009-10 is 3.597 and the estimated Current Ratio for 2010-11 is
3.996 that mean in future Current Ratio has been increasing.

3.4.12 Trend analysis for Quick Ratio

Table 41

YEAR
20042005
20052006
20062007
20072008
20082009

QUICK
RATIO

X=X
-A

X2

XY

0.94

-2

-1.88

0.96

-1

-0.96

1.45

1.45

1.45

1.98

2
=
0

4
2
= 10

3.96
=
2.57

= 6.78

= 1.356;

= 0.257;

Ye = a + b(X)
2009-10 = 1.356 + 0.257 (3) = 2.217
2010-11 = 1.356 + 0.257 (4) = 2.384
The estimated Quick Ratio for 2009-10 is 2.217 and the estimated Quick Ratio for 2010-11 is
2.384 that mean in future Quick Ratio has been increasing.

3.4.13 Trend analysis for Cash Ratio

Table 42

YEAR
20042005
20052006
20062007
20072008
20082009

CASH
RATIO

X=X
-A

X2

XY

0.02

-2

-0.04

0.02

-1

-0.02

0.1

0.02

0.02

0.1
=
0.26

2
=
0

4
2
= 10

0.2
=
0.16

= 0.052;

= 0.016;

Ye = a + b(X)
2009-10 = 0.052+ 0.016 (3) = 0.1
2010-11 = 0.052+ 0.016 (4) = 0.116
The estimated Cash Ratio for 2009-10 is 0.1 and the estimated Cash Ratio for 2010-11 is 0.116
that mean in future Cash Ratio has been increasing.