Complete the missing parts from the following set of financial statements.

The red cells will turn green when you have the correct answer.

Statements of Financial Position (Balance Sheet) for

the year ended 2020 2021
(Rs.cr) (Rs.cr)
Current assets
Cash 3.5
Receivables 56.0 59.0
Inventories 10.0 17.0
Total current assets
Non-current assets
Property, plant and equipment 240.0
Total non-current assets
Total assets
Curent liabilities
Payables 43.0 45.0
Total current liabilities
Non-current liabilities
Interest bearing liabilities 15.0
Total non-current liabilities
Total liabilities
Net assets
Equity
Contributed Equity 200.0 200.0
Retained profits (losses) 51.5
Total equity
Ok Ok

Non-cash working capital as at the year ended 2021

($m) ($m)
Non-cash current assets
Receivables
Inventories
Total non-cash current assets
Current liabilities
Payables
Total current liabilities
Net non-cash working capital

Statements of Financial Performance (Income

Statement) for the year ended 2021
 ($m)
Revenue from ordinary activities 256.0
Operating expenses
Selling, general and administrative expenses (200.0)
Depreciation 10%
Borrowing costs 8%

Profit from ordinary activities before income tax expense

Income tax expense due to profit from ordinary activities 33%
Profit from ordinary activities after income tax expense
Net profit/(loss) after income tax expense

Statements of Cash Flows for the year ended 2021

($m)
Cash flows from operating activities
Net income
Depreciation
(Increase)/Decrease in working capital
Net cash flows from/(used in) operating activities
Cash flows from investing activities
Payments for property, plant and equipment (7.0)
Net cash flows from/(used in) investing activities
Cash flows from financing activities
Proceeds from long term borrowings 5.0
Dividends paid to shareholders (2.0)
Net cash flows from/(used in) financing activities
Net increase/(decrease) in cash held
Cash at the beginning of the financial period
Cash at the end of the financial period
Complete the missing parts from the following set of financial statements.
The red cells will turn green when you have the correct answer.

Statements of Financial Position (Balance Sheet) for

the year ended 2020 2021
(Rs.cr) (Rs.cr)
Current assets
Cash 3.5 36.1
Receivables 56.0 59.0
Inventories 10.0 17.0
Total current assets 69.5 112.1
Non-current assets
Property, plant and equipment 240.0 223.0
Total non-current assets 240.0 223.0
Total assets 309.5 335.1
Curent liabilities
Payables 43.0 45.0
Total current liabilities 43.0 45.0
Non-current liabilities
Interest bearing liabilities 15.0 20.0
Total non-current liabilities 15.0 20.0
Total liabilities 58.0 65.0
Net assets (total assets - total liabilities) 251.5 270.1
Equity
Contributed Equity 200.0 200.0
Retained profits (losses) 51.5 70.1
Total equity 251.5 270.1
Ok Ok

Non-cash working capital as at the year ended 2021

($m) ($m)
Non-cash current assets
Receivables 56.0 59.0
Inventories 10.0 17.0
Total non-cash current assets 66.0 76.0
Current liabilities
Payables 43.0 45.0
Total current liabilities 43.0 45.0
Net non-cash working capital 23.0 31.0
Statements of Financial Performance (Income
Statement) for the year ended 2021
($m)
Revenue from ordinary activities 256.0
Operating expenses
Selling, general and administrative expenses (200.0)
Depreciation 10% (24.0)
Borrowing costs 8% (1.2)
(225.2)
Profit from ordinary activities before income tax expense 30.8
Income tax expense due to profit from ordinary activities 33% (10.2)
Profit from ordinary activities after income tax expense 20.6
Net profit/(loss) after income tax expense 20.6

Statements of Cash Flows for the year ended 2021

($m)
Cash flows from operating activities
Net income 20.6
Depreciation 24.0
(Increase)/Decrease in working capital (8.0)
Net cash flows from/(used in) operating activities 36.6
Cash flows from investing activities
Payments for property, plant and equipment (7.0)
Net cash flows from/(used in) investing activities (7.0)
Cash flows from financing activities
Proceeds from long term borrowings 5.0
Dividends paid to shareholders (2.0)
Net cash flows from/(used in) financing activities 3.0
Net increase/(decrease) in cash held 32.6
Cash at the beginning of the financial period 3.5
Cash at the end of the financial period 36.1
 0.000

property purchased during the year is 7 at end of 2004 (no depreciation will apply to this. Depreciation only to be applied to 240

0.000
n only to be applied to 240
 Dashboard
Assumptions:
Minimum cash balance requirement ₹ 10.00 cr Cash Balance
Tax rate 30% AFN/ Overdraft
Interest rate on debt 6%
Interest rate on cash deposits 5%
Ordinary dividends ₹ 15.00 cr

Income Statement
Assumptions
Base Year
2020- 2022 Mar-19
Revenue Growth 10.0% 425.0
Cost of goods sold % sales 225.0
Gross profit 200.0
Operating expenses % sales 215.0
Other costs % sales 0.0% 15.0
Restructuring costs % sales 0.0% 1.5
Net interest expense net of % paid for debt 4.4
Profit before tax (PBT) (35.9)
Tax expense % of PBT (10.8)
Profit/(loss) after tax (25.1)

Ordinary dividends Constant 15.0

Profit/(loss) retained (40.1)

Balance Sheet
Cash Plug, min 13.7
Accounts receivable % sales 35.2
Inventories % sales 51.3
Other current assets % sales 17.5
Net fixed assets % sales 110.6
Other assets % sales 6.7
Total assets 235.0

Accounts payable % sales 11.0

Taxes payable % sales 8.0
Accruals % sales 12.0
Additional funds needed/ Overdraft Plug 0.0
Other current liabilities % sales 17.0
Long-term liabilities Fixed 65.0
Other liabilities % sales 0.4
Shareholders' equity 121.6
Total liabs. & equity 235.0
Error check
Trial assets
Trial liabs. & equity
Trial plug
Min. cash balance
Plug
Mar-20 Mar-21 Mar-22

Forecast

Mar-20 Mar-21 Mar-22

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.0 0.0

0.0 0.00 0.0

0.0 0.00 0.0

 Dashboard
Assumptions:
Minimum cash balance requirement ₹ 10.00 cr Cash Balance
Tax rate 30% AFN/ Overdraft
Interest rate on debt 6%
Interest rate on cash deposits 5%
Ordinary dividends ₹ 15.00 cr

Income Statement
Assumptions
Base Year
2020- 2022 Mar-19
Revenue Growth 10.0% 425.0
Cost of goods sold % sales 52.9% 225.0
Gross profit 200.0
Operating expenses % sales 50.6% 215.0
Other costs % sales 0.0% 15.0
Loss on sale of plant % sales 0.0% 1.5
Net interest expense net of % paid for debt 4.4
Profit before tax (PBT) (35.9)
Tax expense % of PBT 30.0% (10.8)
Profit/(loss) after tax (25.1)

Ordinary dividends Constant 15.0 15.0

Profit/(loss) retained (40.1)

Balance Sheet
Cash Plug, min.10mm 13.7
Accounts receivable % sales 8.3% 35.2
Inventories % sales 12.1% 51.3
Other current assets % sales 4.1% 17.5
Net fixed assets % sales 26.0% 110.6
Other assets % sales 1.6% 6.7
Total assets 235.0

Accounts payable % sales 2.6% 11.0

Taxes payable % sales 1.9% 8.0
Accruals % sales 2.8% 12.0
Additional funds needed/ Overdraft Plug 0.0
Other current liabilities % sales 4.0% 17.0
Long-term liabilities Fixed 65.0
Other liabilities % sales 0.1% 0.4
Shareholders' equity 121.6
Total liabs. & equity 235.0
Error chec good
Trial assets
Trial liabs. & equity
Trial plug
Min. cash balance
Plug
Mar-20 Mar-21 Mar-22
10.0 10.0 10.0
44.4 97.6 156.4

Forecast

Mar-20 Mar-21 Mar-22

467.5 514.3 565.7
247.5 272.3 299.5
220.0 242.0 266.2
236.5 260.2 286.2
0.0 0.0 0.0
0.0 0.0 0.0
6.1 9.3 12.8
(22.6) (27.4) (32.8)
(6.8) (8.2) (9.8)
(15.8) (19.2) (22.9)

15.0 15.0 15.0

(30.8) (34.2) (37.9)

10.0 10.0 10.0

38.7 42.6 46.9
56.4 62.1 68.3
19.3 21.2 23.3
121.7 133.8 147.2
7.4 8.1 8.9
253.4 277.77 304.6

12.1 13.3 14.6

8.8 9.7 10.6
13.2 14.5 16.0
44.4 97.6 156.4
18.7 20.6 22.6
65.0 65.0 65.0
0.4 0.5 0.5
90.8 56.6 18.7
253.4 277.77 304.6
good good good
243.4 267.8 294.6
209.0 180.2 148.1
34.4 87.6 146.4
10.0 10.0 10.0
44.4 97.6 156.4