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Q10 (Nov 19 – 12Marks) (Analysis of Fin. Statements)

Following are the Financial Statements of Abraham Ltd.:

Balance Sheet

Particulars Note No. As at 31 March,
st
2019 (Rs in lakh)
EQUITY AND LIABILITIES:
Shareholders’ funds
Share capital (shares of Rs 10 each) 1,000
Reserves and surplus 1 2,400
Non-current liabilities
Long term borrowings 2 5,700
Deferred tax liabilities 3 400
Current liabilities
Trade payables 300
Short-term provisions 300
Other current liabilities 4 200
Total 10,300
ASSETS
Non-current assets
Fixed assets 5,000
Deferred tax assets 3 700
Current assets
Inventories 1,500
Trade receivables 5 1,100
Cash and bank balances 2,000
Total 10,300

Statement of Profit & Loss

Particular Note No. Year ended 31 st
March, 2019 (Rs in
lakh)
Revenue from operations 6,000
Expenses:
Employee benefit expense 1,200
Operating costs 3,199
Depreciation 450

Total expenses 4,849
Profit before tax 1,151
Tax expense 201
Profit after tax 950

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