Anand Ltd

Projected Profit and Loss Account for the period ended on( Forming Part of Financial Plan )
Accounting Year

2013-14
Amount Rs.
60.00
00.00
60.00
42.00
18.00

2014-15
Amount Rs
96.00
00.00
96.00
63.00
33.00

Rs. in lakhs
2015-16
Amount Rs.
126.00
00.00
126.00
84.00
42.00

Income
Schedule
Sales
Other Income
Total
Less : Cost of Production
A
Gross Profit
Less: Expenses
Establishment Expenses
B
06.85
09.29
12.13
Interest Expenses
C
1.80
1.20
0.60
Preliminary Expenses Written off
0.40
0.40
0.40
Sub Total
09.45
10.89
13.13
Net Profit
08.55
22.11
28.87
Total
18.00
33.00
42.00
Appropriations
08.55
22.11
28.87
Provision for Taxation ( 45 % )
03.85
09.95
12.99
Building Reserve
0.50
0.50
0.50
Provision for Preference Dividend
Nil
Nil
0.60
General Reserve
3.98
7.79
10.58
Total
08.33
18.24
24.67
Schedule A Schedule of Cost of Production ( Forming part of Profit and Loss Account )
Rs. in Lakhs
Accounting Year
Cost of Production
Cost of Materials ( 60% of Sales )
Other Production Expenses
( 10% of Sales )
Total

2013-14

2014-15

2015-16

36.00
06.00

57.60
05.40

75.60
08.40

42.00

63.00

84.00

Schedule B Schedule of Establishment Expenses ( Forming part of Profit and Loss Account )

Rs. in Lakhs
Accounting Year
Establishment Expenses
Office and other expenses
( 20 % of Gross Profit )
Depreciation ( As per Schedule D )
Total

2013-14

2014-15

2015-16

03.60

06.60

08.40

03.25
06.85

02.69
09.29

03.73
12.13

Schedule C Schedule of Interest Expenses ( Forming part of Profit and Loss Account )
Rs. in Lakhs
Accounting Year
Interest Expenses
Interest on Promoters Loan @15%
Interest on ICICI Loan
Interest on Debentures
Total

2013-14
1.80
Nil
Nil
1.80

Schedule D : Fixed Assets ( Forming Part of Balance Sheet )

2014-15
1.20
Nil
Nil
1.20

2015-16
Nil
Nil
0.60
0.60

For the year 2013-14

Rs. in Lakhs
Gross Block

Particulars Rat
Fixed
e
Assets
Building

20
%
Machinery 15
%
Furniture 10
%

Openin
g
Balance
1.04.13
10.00

Addition
s
During
the year
Nil

5.00 Nil
5.00 Nil
20.00 Nil

Depreciation
Total Openin
g
Balance
1.04.13
10.0 Nil
0
05.0 Nil
0
05.0 Nil
0
20.0 Nil
0

02.00

Closing
Balance
31.03.1
4
02.00

Net
Block
Closing
Balance
31.03.1
4
08.00

00.75

00.75

04.25

00.50

00.50

04.50

03.25

03.25

16.75

Durin
g the
Year

For the year 2014-15

Rs. in Lakhs
Gross Block

Particulars Rat
Fixed
e
Assets
Building

20
%
Machinery 15
%
Furniture 10
%

Openin
g
Balance
1.04.14
10.00

Addition
s
During
the year
Nil

5.00 Nil
5.00 Nil
20.00 Nil

Depreciation
Total Openin
g
Balance
1.04.14
10.0 2.00
0
05.0 0.75
0
05.0 00.50
0
20.0 03.25
0

01.06

Closing
Balance
31.03.1
5
03.60

Net
Block
Closing
Balance
31.03.1
5
06.40

00.64

01.39

03.61

00.45

00.95

04.05

02.69

05.94

14.06

Durin
g the
Year

Schedule D : Fixed Assets ( Forming Part of Balance Sheet )

For the year 2015-16

Rs. in Lakhs
Gross Block

Depreciation

Net

Particulars Rat
Fixed
e
Assets
Building

20
%
Machinery 15
%
Furniture 10
%

Openin
g
Balance
1.04.15
10.00

Addition
s
During
the year
Nil

5.00 10.00
5.00 Nil
20.00 Nil

01.28

Closing
Balance
31.03.1
6
04.88

Block
Closing
Balance
31.03.1
6
05.12

02.04

03.43

11.57

00.41

01.36

03.64

03.73

09.67

20.33

Total Openin
g
Balance
1.04.15
10.0 03.60
0
15.0 01.39
0
5.00 00.95

Durin
g the
Year

30.0 05.94
0
Anand Ltd

Projected Balance Sheet as on ------ ( Forming Part of Financial Plan )

Rs. in lakhs
2014-15
2015-16
Amnt Rs Amt. Rs.
10.00
10.00
4.00
Nil
Nil
5.00
Nil
Nil
12.77
23.85
Nil
5.00
25.25
33.87

Accounting Year
2012-13 2013-14
Capital and Liabilities
Schedule Amt.Rs.
Amt Rs.
Equity
10.00
10.00
Promoters Loan
12.00
8.00
Preference Shares
Nil
Nil
ICICI Loan
Nil
Nil
Reserves and Surplus
E
Nil
04.48
Debentures @ 12%
Nil
Nil
Current Liabilities and
F
Nil
16.77
Provisions
Total
22.00
39.25
52.02
Properties and Assets
Fixed Assets
D
20.00
16.75
14.06
Current Assets
G
Nil
20.90
42.68
Misc Expenses to the extent
2.00
1.60.
1.20
not written off
Total
--22.00
39.25
57.94
Schedule E Schedule of Reserves and Surplus ( Forming part of Balance Sheet )
Rs. in lakhs

77.72
20.33
62.51
0.80
83.64

Accounting Year
Building Reserve
General Reserve
Total
Cumulative Reserves
Building Reserve
General Reserve
Total Reserve at the end of the year

2013-14
0.50
3.98
4.48

2014-15
00.50
7.79
8.79

2015-16
00.50
10.58
11.08

0.50
3.98
4.48

1.00
11.77
12.77

1.50
22.35
23.85

Schedule : F Current Liabilities and Provisions ( Forming part of Balance Sheet )

Accounting Year
2013-14
2014-15
2015-16
Current Liabilities
Sundry Creditors
10.50
15.75
21.00
Sub Total
10.50
15.75
21.00
Provisions
Provision for Taxation
04.47
08.30
11.67
Interest on Promoters Loan
1.80
1.20
Nil
Interest on ICICI loan
Nil
Nil
Nil
Interest on Debentures
Nil
Nil
0.60
Provision for Preference Dividend
Nil
Nil
0.60
Sub Total
06.27
09.50
12.87
Grand Total
16.77
25.25
33.87
Schedule G Schedule of Current Assets ( Forming part of Balance Sheet )
Rs. in Lakhs
Accounting Year
Sundry Debtors
Cash in hand

2013-14
12.00
8.90
20.90

2014-15
19.20
23.48
42.68

2015-16
25.20
37.31
62.51

Anand Ltd.

Cash Flow Statement :

( A ) Statement of Cash from Operations :
Accounting Year
Net Profit as per P& L A/C
Add : Depreciation
Add : Preliminary Expenses
written off
Total
( B ) Cash Flow Statement :

Rs. in lakhs
2013-14 2014-15 2015-16
08.55

22.11

28.87

3.25
0.40

2.69
0.40

3.73
0.40

12.20

25.20

33.00

Accounting Year
SOURCES
Opening Balance
Cash from Operations
Increase in ICICI Loan
Increase in Preference Shares
Increase in Debentures
Increase in Current Liabilities (Creditors )
Increase in Provisions ( See table below )
Total
APPLICATIONS
Repayment of Promoters Loan

Rs. in lakhs
2013-14 2014-15 2015-16
Nil
12.60
Nil
Nil
Nil
10.50
1.80
24.90

8.90
19.68
Nil
Nil
Nil
5.25
1.92
35.75

23.48
27.48
Nil
5.00
5.00
5.25
1.32
67.53

4.00

4.00

4.00

Increase in Debtors
Payment of Tax
Payment of Interest on Promoters Loan
Interest on ICICI Loan
Payment for Purchase of Machinery
Closing Balance
Total

12.00
Nil
Nil
Nil
Nil
8.90
24.90

6.00
4.47
1.80
Nil
Nil
23.22
39.49

6.00
8.30
1.20
Nil
10.00
37.31
66.81

Table 1.1 Statement of Increase in Provisions

( These provisions are those which are debited to Profit and Loss Account )
Accounting Year
2013-14 2014-15 2015-16
Interest on Promoters Loan
1.80
1.20
Nil
Interest on ICICI Loan
Nil
Nil
Nil
Interest on Debentures
Nil
Nil
0.60
Total
1.80
1.20
0.60
Increase in Provision
1.80
1.20
0.60
Rs. I.80 is paid in the year 2014 15 .Thus balance has become nil. Now new
provisions of Rs.1.92 is the increase. Similarly, in the year 2015- 16 provisions
made during 2014- 15 are paid hence new provision amount is the increase .
FUND Flow Statement:
( I )Statement of Changes in Working Capital
Current
Assets
Debtors
Cash in
Hand
( A ) Total
Current
Liabilities
Sundry
Creditors

2012-13 2013-14

Diffr
ence

Nil
Nil

12.00

12.00

8.90

Nil

Nil

Rs. in Lakhs
2014-15 Diiffr 2015-16
ence
19.20

Diffr
ence

07.20

25.20

8.90

23.48 14.58

37.31

06.00
13.83

20.90

20.90

42.68 21.78

62.51

19.83

10.50

10.50

15.75 05.25

21.00

05.25

Provisions
(B ) Total
( A) ( B )
Net increase
inW.C.

Nil
Nil
Nil

01.80
12.30
-------

01.80
12.30
8.60

01.92 00.12
17.67 05.37
------- 16.41

01.32 (00.60)
22.92
04.65
------15.18

( II ) Funds from Operations ( Same as Cash from Operations )

( III ) Statement of Sources and Applications

SOURCES
Particulars
13-14 14-15 15-16
Funds from 12.60 19.68 27.48
Operations
ICICI Loan
Nil
Nil
Nil

Debentures

Nil

Nil

Preference
Shares
Total

Nil

Nil

12.60

23.68

Rs. in lakhs

APPLICATIONS
Particulars 13-14 14-15
15-16
Increase in
8.60
15.21
15.18
W.C.
Repayment
04.00
04.00
04.00
OfPrm.Loa
n
5.00 Purch. of
Nil
Nil
10.00
Machinery
03.85
09.95
5.00 Tax
Nil
Payment
37.48 Total
12.60
23.06
39.13