Page 4 - 1. COMPILER QB - INDAS 1

Statement of Profit & Loss

Particulars Note Year ended March 31, 20X1
Revenue from operations Expenses 11,000
Employee Benefit Expense 2,400
Operating Costs 4,400
Depreciation 1,998
Total Expenses 8,798
Profit before tax 2,202
Tax Expense (300)
Profit after tax 1,902

Notes to Accounts:
Note 1: Reserves and Surplus (INR in millions)

Capital Reserve 1,000
Surplus from P & L
Opening Balance 98
Additions 1,902 2,000
Reserve for foreseeable loss 1,000
Total 4,000
Note 2: Long Term Borrowings

Term Loan from Bank 11,110
Total 11,110

Note 3: Deferred Tax

Deferred Tax Asset 1,000
Deferred Tax Liability (400)
Total 600

Note 4: Other Current Liabilities

Unclaimed dividends 6
Billing in Advance 294
Total 300

Note 5: Trade Receivables
Considered good (outstanding within 6 months) 2,130
Considered doubtful (due from past 1 year) 80
Provision for doubtful debts (10)
Total 2,200

Additional Information:

(a) Share capital comprises of 200 million shares of Rs 10 each

1. 3