Pages

CLASSIFICATION OF BALANCE SHEET - COMMON SIZE AND COMPARATIVE OF RDCIS

  
CLASSIFICATION OF BALANCE SHEET OF STEEL AUTHORITY OF INDIA LIMITED FROM 2002-2003 TO 2008 – 2009

                                                                                   (Rs .in Crores)

PARTICULARS
2003
2004
2005
2006
2007
2008
2009
ASSETS







Fixed Assets
14414
13550
12851
12920
12834
13960
18813
Investment
543
543
606
293
514
538
653
Current Assets
7312
8246
14333
15630
20375
26318
34510
Mis.Expenditure
536
378
294
215
131
59
0
P&L a/c
2765
-
-
-
-
-
-
Total Assets
25570
22717
28084
29058
33854
40875
53976
LIABILITIES








Shareholder’s Funds
     5290
      5037
   10306
12601
   17313
23063
27984
Loan Funds
   12969
      8690
     5770
  4298
     4180
3044
7538
Current
 Liabilities
&  Provisions
     7311
      8990
   10166
10675
   10949
13199
17122
Deferred
Liabilities
            -
         -
     1842
  1484
     1412
1569
1332
TOTAL
LIABILITIES
 25570
  22717
   28084
29058
   33854
40875
53976


  
COMMON SIZE BALANCE SHEET OF STEEL AUTHORITY OF INDIA LIMITED FROM 2002-03 TO 2009-09
(Rs. in Crores)
PARTICULARS
2003
2004
2005
2006
2007
2008
2009
ASSETS







Fixed Assets
56.37
59.64
45.75
44.46
37.90
34.15
34.85
Investment
2.12
2.39
2.15
1.00
1.54
1.32
1.21
Current Assets
28.59
36.29
51.06
53.78
60.18
64.39
63.99
Misc. Expenditure
2.09
1.68
1.04
0.76
0.38
0.14
-
P&L a/c
10.72
-
-
-
-
-
-
Total Assets
100.00
100.00
100.00
100.00
100.00
100.00
100.00
LIABILITIES







Shareholder’s Funds
20.60
22.17
36.69
43.36
51.14
56.42
51.84
Loan Funds
50.73
38.25
20.54
14.79
12.34
7.45
13.97
Current Liabilities & Provisions
28.59
39.58
36.19
5.10
4.17
32.29
31.72
Deferred Liabilities
-
-
6.58
36.75
32.35
3.84
2.47
TOTAL LIABILITIES
100.00
100.00
100.00
100.00
100.00
100.00
100.00

INTERPRETATION:

COMMON-SIZE BALANCE SHEET

ü  Out of the total investment the owners funds is more compare to outsider’s fund in the company which shows that the company has depended more on its own funds. It shows that the company is traditionally financed
ü  The proportion of current assets to total assets has increased comparing to current liabilities which serve as an evidence for good working capital position of the company.
ü  Investments, Miscellaneous expenditure and deferred liabilities have their own limited contribution to their respective side totals.
COMPARATIVE BALANCE SHEET OF STEEL AUTHORITY OF INDIA LIMITED FROM 2002-2003 TO 2008 - 2009
 (Rs. in Crores)
Particulars
2003-2004
2004-2005
2005-2006
2006-2007
2007-2008
2008-2009

Absolute
Change
% of
Change
Absolute
Change
% of
Change
Absolute
Change
% of
Change
Absolute
Chang
% of
Change
Absolute
Change
% of
Change
Absolute
Change
% of
Change
ASSETS












Fixed Assets
(864)
(5.9)
699
(5.15)
69
0.53
(86)
(0.6)
1126
8.77
4853
34.76
Investment
0
0
63
11.60
(313)
(51.6)
221
75.4
24
4.67
115
21.38
Current Assets
934
12.77
6087
73.81
1297
9.04
4745
30.3
5943
29.12
8192
31.12
Mis. Expenditure
(158)
(29.4)
(184)
(22.2)
(79)
(26.8)
(84)
(39)
(72)
(54.96)
(59)
(100)
P&L a/c
-
-
-
-
-
-
-
-
-
-
-
-
Liabilities






 M





Shareholder’s Funds
(253)
(4.78)
5269
104.6
2295
22.26
4712
37.3
5750
33.21
4921
21.33
Loan Funds
(4279)
(32.9)
(2920)
(33.6)
(1472)
(25.5)
(118)
(2.7)
(1136)
27.18
4494
147.66
Current Liabilities & Provisions
1679
22.96
1176
13.08
(8682)
(85.4)
(72)
(4.8)
2250
20.55
3923
29.72
Deferred Liabilities
-
-
-
-
8833
479.5
274
2.56
157
11.12
(237)
(15.11)


INTERPRETATION:

COMPARATIVE BALANCE SHEET
Long Term Financial Position:
ü  The comparative Balance Sheet of the company reveals that during the financial years 2007 – 2008 and 2008 – 2009 there has been an increase in fixed assets by Rs. 1126 Crores and Rs. 4853 Crores respectively while the long term liabilities to outsiders have increased by Rs. 4494 cores i.e. 147.66% in the financial year 2008-2009 and also the contribution by the owners has shows continuous increase  by Rs. 4921 crores i.e. 21.33%.
Current Financial position and liquidity position:
ü  The company has increased its current assets by increasing the level of inventories of Rs. 8192 crores i.e. 31.12%. The current liabilities highly fluctuate and show continuous increase in the year 2008-2009 by Rs. 3923 crores i.e. 29.72 increased. The Net Working Capital was in peak by the continuous increase after the year 2005. The company got good liquidity position due increase in Current assets but it may affect the profitability of the company.
ü   The overall financial position of the company is very good.

No comments: