Page 137 - DMGT409Basic Financial Management

Basic Financial Management

Notes ANNEXURE 1

RNS MOTORS
Balance sheet (As on 31.03.2000)
Liabilities Rs.
Capital 16,00,000
Retained profi ts 18,10,880
Building loan 26,99,200
Term loan 12,16,000
Current liabilities 8,14,400
Total liabilities 81,40,480
Assets
Gross block 66,56,000
Depreciation 14,22,720
Net blocks (at the end) 52,33,280
Current assets
Stocks 6,65,600
Receivables 13,31,200
Cash in hand 9,10,400
Total current assets 29,07,200
Total assets 81,40,440
Depreciation Schedule

Asset Gross Block Depreciation Net Block
Land Building 38,40,000 6,16,000 32,24,000
Plant Eqpt. 26,24,000 7,34,720 18,89,280
Other Assets 1,92,000 72,000 1,20,000
Total 66,56,000 14,22,726 55,33,280

RNS MOTORS

Profit & Loss Account (for the year ending 31.03.2000)
Rs.
Net Sales 99,64,800
Direct Wages 30,78,400
Contract Materials 18,83,200
Supplies 2,36,800
Mix Costs 4,24,000
Cost of Sales 56,22,400

Gross Profit from Operation 43,42,400
Operating Expenses 26,35,200
Total Depreciation for the Year 3,76,272
Net Income before Interest and Taxes 13,30,928
Interest 4,97,440

Profit Before tax 8,33,488
Income tax 1,58,240
Net Profit after tax 6,75,248

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