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Statement of Profit and Loss (INR in Million)

Note No. Year ended March 31, 20X1
Revenue from operations 11,000
Expenses

Operating Costs 4,400
Employee Benefit Expense 2,400
Depreciation 1,998

Total Expenses 8,798
Profit Before Tax 2,202
Tax Expense 300
Profit for the period 1,902
Earnings Per Equity Share

Basic 9.51
Diluted 9.51
Number of equity shares (face value of Rs. 10 each) 200 million

Revised Notes (wherever applicable):

Note on Reserves and Surplus (INR in Million)

Capital Reserve 1,000
Surplus from P & L
Opening Bal 98

Additions 1,902 2,000
Total 3,000

Note on Long Term Borrowings

Term Loan from Bank 10,000
Total 10,000

Note on Other Current Liabilities

Unclaimed dividends 6
Interest on Term Loan 1,110
Billing in Advance 294

Total 1,410

Q3 (Nov 19)
An entity has taken a loan facility from a bank that is to be repaid within a period of 9 months from the
end of the reporting period. Prior to the end of the reporting period, the entity and the bank enter into an

arrangement, whereby the existing outstanding loan will, unconditionally, roll in to the new facility which
expires after a period of 5 years.

(a) Should the loan be classified as current or non-current in the balance sheet of the entity?
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