Finance

Conduct a Financial assessment on a typical organization of your choice. Attempt to obtain a copy of their balance sheet, income statement, and any other pertinent information you can obtain. If obtaining the information becomes a difficult challenge, try another organization. If all else fails, use the attached form and fill in representative, best-guess numerical values for each line item. If you feel that a line item is not pertinent, or can be eliminated, do so. Worst-case and as a final resort, contact me. Don’t wait until the last minute. Start early. Using the model in Chapter 4 of Known, Martin, and Petty, for the elements of your assessment, put together an APA paper assessing the organization’s financial health. Conform to APA standards. The paper should identify at least six issues on to base your assessment. Obviously more is better.

Sheet1

Analysis

Ratio

except for businesses with low turnover and high investment

Undesirable

Uncommon Uncommon

TABLE 21-1 Financial	Ratio
Value Less Than 1	Value = 1	Value More Than 1
Current ratio = current assets/current liabilities	Debts greater than assets; potentially major problems	Debts and assets are equal	Assets greater than debts; current ratio of 2 is desirable
Acid-test ratio = quick current assets / current liabilities	Cash flow could be a problem	Business is in satisfactory condition	Business is in good financial condition
Operating ratio = (COGS+OPERATING EXPENSES)/NET SALES	Desirable	Marginal		Undesirable
Gross profit margin ratio = (Gross profit from sales)/net sales	0.25 to 0.40 is industry average			Uncommon
Asset turnover ratio = net sales / average total assets	0.40 to 1.0 is industry average
Total debt to total assets ratio = total liabilities / total assets	0.05 to 0.75 is industry average	Debt ratio is too high	Debt ratio is dangerously high

XYZ Balance sheet

https://formswift.com/sem/static-non-state/balance-sheet?utm_source=google&utm_medium=cpc&utm_campaign=static__balance_sheet__search&u_adgroup=balance_sheet__b&u_device=c&u_country=us&u_producttype=formswiftdotcom&u_product=balance_sheet&u_landingpage=2019aa9&headline=Create%20A%20Free%20Balance%20Sheet%20Online&u_sitelinkid=53908&gclid=CjwKCAiA6seQBhAfEiwAvPqu1_O0V5Bqq1LaSdiEDNly0A1-TCu5KAGyXcThOUkccE2vSJrdXu46fhoCCJUQAvD_BwE

FormSwift Balance Sheet for Assets Current Assets Cash Accounts Receivable Inventory Prepaid expenses Notes receivable Other

current assets Total current assets Fixed assets Long-term investments Land Building Machinery and fixtures Other fixed assets Net fixed assets Other assets Goodwill Total assets Liabilities and equity Current liabilities Accounts payable Accrued wages Accrued payroll taxes Accrued employee benefits Interest payable Short-term notes Current portion of long-term debt Total current liabilities Long term liability Mortgage Other long-term liabilities Total long-term liabilities Owners equity Paid in capital Net income Total equity Total liabilities and equity Please make sure that total assets equals total liabilities and equity in your balance sheet. If the difference. The two size of the balance sheet is greater than zero, please review the values entered.

XYZ Income

FormSwift

Other

Products
Services
Other

Other

Net income

https://formswift.com/builder.php?documentType=income-statement&ses=02e40e6f0896d5eee72a23f4035164fb&key=267998070&utm_source=google&utm_medium=cpc&utm_campaign=static__income_statement__b&u_adgroup=income_statement&u_device=c&u_country=us&u_producttype=formfindrdotcom&u_product=income_statement&u_landingpage=2018aa2&headline=Create+A+Free+Income+Statement+Online&u_sitelinkid=88292&gclid=CjwKCAiA6seQBhAfEiwAvPqu12OkzuJGHgFIr0e0p1k4QSP7P48IxMk7ZbGKkIoxS78FimeAIbqC6xoCyvYQAvD_BwE#0
Income statement
For the period	Ended
Revenues
	Products
Less returns and allowances
	Services
Total revenue
Costs
Total cost
Gross profit
Operating expenses
Gen. and administrative
Insurance
Non-recurring
Payroll taxes
Rent
Research and development
Salaries and wages
Sales and marketing
Utilities
Total operating expenses
Operating income
Not operating, or other
Interest revenue
Interest expenses
Gain on sale of assets
Loss on sales of assets
Gain from legal action
Loss from legal action
Depreciation and amortization
Other game
Other loss
Total not operating other
Pretax income
Taxes
Income tax expense

Sheet3

Sheet4

Sheet5

Sheet6

Sheet7

Sheet8

Foundations of Finance

Tenth Edition

Chapter 4

Evaluating a Firm’s Financial Performance

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1

Learning Objectives
4.1 Explain the purpose and importance of financial analysis.
4.2 Calculate and use a comprehensive set of measurements to evaluate a company’s performance.
4.3 Describe the limitations of financial ratio analysis.

The Purpose of Financial Analysis

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
The Purpose of Financial Analysis
Financial analysis using ratios
A popular way to analyze the financial statements is by computing ratios. A ratio is a relationship between two numbers, e.g., a given ratio of A:B = 30:10 means A is 3 times B.
A ratio by itself may have no meaning. Hence, a given ratio is compared to
ratios from previous years
ratios of other firms or leaders in the same industry
See Figure 4.1 for a financial analysis example.

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Figure 4.1 Financial Statement Data by Industry Norms for Software Publishers

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Uses of Financial Ratios: Within the Firm (1 of 3)
Identify deficiencies in a firm’s performance and take corrective action.
Evaluate employee performance and determine incentive compensation.
Compare the financial performance of the firm’s different divisions.

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Uses of Financial Ratios: Within the Firm (2 of 3)
Prepare, at both firm and division levels, financial projections.
Understand the financial performance of the firm’s competitors.
Evaluate the financial condition of a major supplier.

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Uses of Financial Ratios: Within the Firm (3 of 3)
Financial ratios are used by
Lenders in deciding whether or not to lend to a company.
Credit-rating agencies in determining a firm’s credit worthiness.
Investors (shareholders and bondholders) in deciding whether or not to invest in a company.
Major suppliers in deciding to whether or not to extend credit to a company or in designing the specific credit terms.

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Question 1: How Liquid Is the Firm? Can It Pay Its Bills?
A liquid asset is one that can be converted quickly and routinely into cash at the current market price.
Liquidity measures the firm’s ability to pay its bills on time. It indicates the ease with which noncash assets can be converted to cash to meet the financial obligations.

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How Liquid Is the Firm?
Liquidity is measured by two approaches:
Comparing the firm’s current assets and current liabilities
Examining the firm’s ability to convert accounts receivables and inventory into cash on a timely basis

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Measuring Liquidity: Perspective 1
Compare a firm’s current assets with current liabilities using:
Current Ratio
Acid Test or Quick Ratio

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Table 4.1 Walmart Income Statement for the Year Ending January 31, 2018 (expressed in millions, except per share data) (1 of 2)
Sales $ 500,343
Cost of goods sold (373,396)
Gross profit $ 126,947
Operating expenses: Blank
Selling, general and administrative expenses $ (95,981)
Depreciation expenses (10,529)
Total operating expenses $(106,510)
Operating income (earning before interest and taxes) $ 20,437
Interest expense (2,178)
Non-operating losses (3,136)
Earnings before taxes (taxable income) $ 15,123
Income taxes (5,261)
Net income (earnings available to common shareholders) $ 9,862

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Table 4.1 Walmart Income Statement for the Year Ending January 31, 2018 (expressed in millions, except per share data) (2 of 2)
Additional information: Blank
Number of shares outstanding (millions) 3,007
Earnings per share $ 3.28
Dividends paid to stockholders $ 6,124
Dividends per share $ 2.04

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Table 4.2 Walmart’s Balance Sheet for the Year Ending January 31, 2018 (expressed in millions) (1 of 2)
Cash and cash equivalents $ 6,756
Accounts receivable 5,614
Inventories 43,783
Prepaid expenses and other current assets 3,511
Total current assets $ 59,664
Gross plant and equipment $202,298
Less accumulated depreciation (87,480)
Net plant and equipment $114,818
Goodwill and other intangible assets 30,040
Total assets $ 204,522

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Table 4.2 Walmart’s Balance Sheet for the Year Ending January 31, 2018 (expressed in millions) (2 of 2)
Liabilities and Equity Blank
Accounts payable $ 46,510
Accrued liabilities 24,031
Short-term notes 9,662
Total current liabilities $ 80,203
Long-term debt 45,179
Total debt $125,382
Stockholders’ equity Blank
Common stock (par value) $ 295
Paid-in capital 2,648
Retained earnings 76,197
Total equity $ 79,140
Total liabilities and equity $ 204,522

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Current Ratio
Current ratio compares a firm’s current assets to its current liabilities.

Walmart has $0.74 in current assets for every $1 in current liabilities. Walmart’s liquidity is slightly less than that of Target, which has a current ratio of 0.95.

Acid Test or Quick Ratio
Quick ratio compares cash and current assets (minus inventory) that can be converted into cash during the year with the liabilities that should be paid within the year.

Walmart has 15 cents in quick assets for every $1 in current debt. Walmart is slightly less liquid than Target, which has 20 cents for every $1 in current debt.

Measuring Liquidity: Perspective 2
Measures a firm’s ability to convert accounts receivable and inventory into cash:
Days in Receivables or Average Collection Period
Inventory Turnover

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Days in Receivables (Average Collection Period)
How long does it take to collect the firm’s receivables?

Walmart (at 10.24 days) is slightly slower than Target (at 9.56 days) in collecting accounts receivable.

Accounts Receivable Turnover
How many times are the accounts receivable “rolled-over” each year?

The conclusion is the same — Walmart (35.65X) is slightly slower than Target (38X) in collecting accounts receivable.

Days in Inventory
How long is the inventory held before being sold?

Walmart carries inventory for a shorter time (42.80 days) than Target (61.81 days).

Inventory Turnover
How many times are the firm’s inventories sold and replaced during the year?

The conclusion is the same—Walmart moves inventory much quicker (8.53X) than Target (5.91X).

Question 2: Are the Firm’s Managers Generating Adequate Operating Profits from the Company’s Assets?
This question focuses on the profitability of the assets in which the firm has invested. We consider the following ratios to answer the question:
Operating Return on Assets
Operating Profit Margin
Total Asset Turnover
Fixed Assets Turnover

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Figure 4.2 Walmart Operating Profits Resulting from Asset Investments

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Operating Return on Assets (ORA)
O R A indicates the level of operating profits relative to the firm’s total assets.

Thus Walmart managers are generating 10 cents of
operating profit for every $1 of assets, which is less than Target (11.1%).

Disaggregation of Operating Return on Assets

Calculated as follows:

Managing Operations: Operating Profit Margin (O P M)
O P M examines how effective the company is in managing its cost of goods sold and operating expenses that determine the operating profit.

Target managers are better than Walmart in managing the cost of goods sold and operating expenses, as the Operating Profit Margin for Target is 6.0% compared to Walmart at 4.1%.

Managing Assets: Total Asset Turnover
This ratio measures how efficiently a firm is using its assets in generating sales.

Walmart is generating $2.45 cents in sales for every $1 invested in assets, which is higher than Target (1.84X).

Managing Assets: Fixed Asset Turnover
Examines efficiency in generating sales from investment in “fixed assets.”

Walmart generates $4.36 in sales for every $1 invested in fixed assets, which is much higher than Target (2.87X).

Figure 4.3 Analysis of Walmart’s Operating Return on Assets

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Question 3: How Is the Firm Financing Its Assets?
Here we examine the question: Does the firm finance its assets by debt or equity or both? We use the following two ratios to answer the question:
Debt Ratio
Times Interest Earned

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Debt Ratio
This ratio indicates the percentage of the firm’s assets that are financed by debt (implying that the balance is financed by equity).

Walmart finances 61% of its assets by debt and 39% by equity compared to Target financing 70% of its assets by debt.

Times Interest Earned (1 of 2)
This ratio indicates the amount of operating income available to service interest payments.

Walmart’s operating income is 9 times the annual interest expense and higher than Target (6.47X) due to its relatively higher operating profits.

Times Interest Earned (2 of 2)
Note
Interest is not paid with income but with cash.
Oftentimes, firms are required to repay part of the principal annually.
Thus, times interest earned is only a crude measure of the firm’s capacity to service its debt.

Question 4: Are the Firm’s Managers Providing a Good Return on the Capital Provided by the Company’s Shareholders?
This is analyzed by computing the firm’s accounting return on common stockholder’s investment or return on equity (R O E).

Note: Common equity includes both common stock and retained earnings.

Return On Equity (ROE)

Owners of Walmart are receiving a 12.5% return compared to Target’s 25%.
One of the reasons for lower ROE is the lower operating return on assets (10.0% for Walmart v. 11.1% for Target).
A lower return on the firm’s assets will always result in a lower return on equity and vice versa.
Also, Walmart uses less debt (61% for Walmart v. 70% for Target).
Higher debt translates to higher ROE under favorable business conditions.

Figure 4.4 Return on Equity Relationships for the Walmart Company

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Question 5: Are the Firm’s Managers Creating Shareholder Value?
We can use two approaches to answer this question:
Market value ratios (P/E)
Economic Value Added (E V A)
These ratios indicate what investors think of management’s past performance and future prospects.

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Price/Earnings Ratio
Measures how much investors are willing to pay for $1 of reported earnings.

Investors are willing pay more for Walmart for every dollar of earnings per share compared to Target ($26.22 for Walmart versus $14.07 for Target).

Price/Book Ratio
Compares the market value of a share of stock to the book value per share of the reported equity on the balance sheet.

A ratio greater than 1 indicates that the shares are more valuable than what the shareholders originally paid. The Walmart ratio of 3.27X is lower than Target ratio of 3.53X, suggesting that Target is perceived as having better growth prospects relative to its risk.

Summary of Ratios

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Table 4.3 Walmart and Target: Financial Ratio Analysis

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
The Limitations of Financial Ratio Analysis
It is sometimes difficult to identify industry categories or comparable peers.
The published peer group or industry averages are only approximations.
Industry averages may not provide a desirable target ratio.
Accounting practices differ widely among firms.
A high or low ratio does not automatically lead to a specific conclusion.
Seasons may bias the numbers in the financial statements.

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Key Terms (1 of 2)
Accounts receivable turnover ratio
Acid-test (quick) ratio
Asset management
Current ratio
Days in inventory
Days in receivables (average collection period)
Debt ratio
Financial ratios
Fixed asset turnover
Inventory turnover

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Key Terms (2 of 2)
Liquidity
Operating profit margin
Operating return on assets (OROA)
Operations management
Price/book ratio
Price/earnings ratio
Return on equity
Times interest earned
Total asset turnover
Total common equity (total stockholder equity)

Copyright © 2020, 2017, 2014 Pearson Education, Inc. All Rights Reserved
Copyright
This work is protected by United States copyright laws and is provided solely for the use of instructors in teaching their courses and assessing student learning. Dissemination or sale of any part of this work (including on the World Wide Web) will destroy the integrity of the work and is not permitted. The work and materials from it should never be made available to students except by instructors using the accompanying text in their classes. All recipients of this work are expected to abide by these restrictions and to honor the intended pedagogical purposes and the needs of other instructors who rely on these materials.

48
÷
ø
ö
ç
è
æ
shares
of
number
income
net

current assets59,664
Current ratio===.74
current liabilities80,203
M
M
cash+accounts receivable12,370
Acid-test ratio===0.15
current liabilities80,203
M
M
accounts receivableaccounts receivable
Days in receivables==
annual credit sales
daily credit sales
365
æö
ç÷
èø
5,6145,614
===10.24 days
500,343×.40
548
360
MM
M
M
annual credit sales
Accounts receivable turnover=
accounts receivable
$500,343*.40
==35.65
$5,614
M
X
M
inventory
Days in inventory=
annual cost of goods sold
365
$43,783$43,783
42.80days
$373,396
$1,023
365
M
M
M
===
cost of goods sold
Inventory turnover
inven
=
tory
373,396
Inventory turnover==8.53X
43,783
M
M
operating profits
Operating return on assets=
total assets
20,437
0.1010%
204,522
M
M
===
Operating return on assetsoperating prof
it margin total asset turnover
=´
operating profitssales
Operating return on assets=×
salestotal assets
operating profits$20,437
Operating profit margin==0.04=4.1%
sales$500,343
M
M
=
sales$500,343
Total asset turnover==2.45X
total assets$204,522
M
M
=
sales$500,343
Fixed assets turnover==4.36X
net fixed assets$114,818
M
M
=
total debt$125,382
Debt ratio==0.61=61%
total assets$204,522
M
M
=
operating profits20,437
Times interest earned==9.38X
interest expense2,178
M
M
=
net income
Return on equity=
total common equity
net income$9,862
Return on equity = ==0.125=12.5%
total common equity$79,140
M
M
market price per share$86.00
Price/earnings ratio==26.22X
earnings per share$3.28
=
market price per share86
Price/book ratio==3.27X
equity book value per share26.3
=

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Indian Hotels Co.Balance sheet

.94

9.67

1.5

9.59

0 0 0

Current liabilities

118.93 118.93

0 0 0

Total current liabilities 6162.17

5738.34

								Balance sheet for Indian Hotels Co. Limited
Balance Sheet for	1-Mar	Mar-2							0	Mar-19
Assets
Current Assets
Cash	39.98	148.2	96
Accounts Receivable	196.96	2			50	249.99
Inventory	52.72	59.1	51.21
Capital work in progress	51.72	137.8	33.94
Loans and advances	1036.62	847.68	850.36
Investments	4		40	4		15	4112.7
Total current assets	132	5.8	1305.92	1247.56
Fixed assets
Gross Block	422.74.66	4036.47	3025.51
(-) Acc.		Depreciation	915.07	725.11	539.17
Net Block	3	35	3311.36	2486.34
	Current liabilities	2786.44	2405.51	1953.41
Provisions	198.18	208.9	188.79
	Total current liabilities	2984.62	2614.41	2142.2
Net current assets	-1658.81	-1308.49	-894.64
Misc Expenses
Total assets		6162.17	62922.17		5738.34
Liabilities and equity
Share capital							118.93
Reserves & surplus		4089.45		4464.63		4364.81
Net worth	4208.38	4583.56	4483.74
Secured loan	1953.79	1708.61	1254.6
Unsecured loan
6292.17
Please make sure that total assets equals total liabilities and equity in your balance sheet.
If the difference. The two size of the balance sheet is greater than zero, please review the values entered.

Indian Hotels Co,Cashflow

131.47 88.93 121.28 15

Cash Flow
			Rs (in Crores)
Particulars			Mar’21			Mar’20		Mar’19	Mar’18	Mar’17
Profit Before Tax	-640.28	437.74	417.54	284.23	262.04
Net Cash Flow from Operating Activity	-53.21	610.85	546.81	481.12	458.32
Net Cash Used in Investing Activity	-383.6	-332.96	-372.44	-1387.63	-95.83
Net Cash Used in Financing Activity	338.66	-235.35	-206.72	1012.79	-368.92
Net Inc/Dec In Cash and Cash Equivalent	-98.15	42.54	-32.35	106.28	-6.12
Cash and Cash Equivalent – Beginning of the Year		131.47		88.93		121.28	21.12
Cash and Cash Equivalent – End of the Year	33.32

Indian Hotels P&L Acc.

Mar’21 Mar’20 Mar’19 Mar’18 Mar’17

12Months 12Months 12Months 12Months

0 0 0 0 0

1133.15 2743.47 2780.41 2583.95 2401.56

0 0 0 0 0

Depreciation

0 0 0 0 0

EBIT

0 0 0 0 0

5.8

0 0 0 0 0

11892.58 11892.58 11892.58

Rs (in Crores)

Profit & Loss – Indian Hotels Company Ltd.Rs (in Crores)
				12Months
	INCOME
Sales Turnover			1133.15			2743.47			2780.41			2583.95	2401.56
Excise Duty
NET SALES
	Other Income		110.52		134.41		90.5		55.39	58.02
TOTAL INCOME		1243.67		2877.88		2870.91		2639.34	2459.58
EXPENDITURE:
Manufacturing Expenses	405.28	768.3	790.25	745.89	723.49
Material Consumed
Personal Expenses		538.64		725.07		703.85		649.61	633.24
Selling Expenses	27.63	73.16	77.25	93.09	80.95
Administrative Expenses	258.5	415.88	479.62	466.56	444.2
	Expenses Capitalised
	Provisions Made
TOTAL EXPENDITURE		1230.05		1982.41		2050.97		1955.15	1881.88
	Operating Profit		-96.9		761.06		729.44		628.8	519.68
		EBIT		13.62		895.47		819.94		684.19	577.7
	203.81		203.78		169.1		151.34	151.31
Other Write-offs
	-190.19		691.69		650.84		532.85	426.39
	Interest		294.79		237.55		158.64		193.43		197.86
	EBT		-484.98		454.14		492.2		339.42	228.53
	Taxes		-115.5		36.33		153.84		136.46	118.86
	Profit and Loss for the Year		-369.48		417.81		338.36		202.96	109.67
Non Recurring Items	-128.94	-32.44	-81.19	-60.99	38.16
Other Non Cash Adjustments
	Other Adjustment	-26.36	16.04	6.53	-4.65
REPORTED PAT		-524.78		401.41		263.7		147.77	143.18
	KEY ITEMS
Preference Dividend
Equity Dividend	59.46	47.74	41.83	27.57	-1.66
Equity Dividend (%)	40.14	35.17	23.18	-1.68
Shares in Issue (Lakhs)				11892.58	9892.74
EPS – Annualised (Rs)	-4.41	3.38	2.22	1.24	1.45

Indian Hotels Income statement

Rs (in Crores)
Mar’21 Mar’20 Mar’19 Mar’18 Mar’17

INCOME

1133.15 2743.47 2780.41 2583.95

Other Income 110.52 134.41 90.5 55.39

1243.67 2877.88 2870.91 2639.34

0 0 0 0 0

538.64 725.07 703.85 649.61

0 0 0 0 0

Expenses Capitalised 0 0 0 0 0

Provisions Made 0 0 0 0 0

1230.05 1982.41 2050.97 1955.15

Operating Profit -96.9 761.06 729.44 628.8

13.62 895.47 819.94 684.19

Depreciation 203.81 203.78 169.1 151.34

EBIT -190.19 691.69 650.84 532.85

Interest 294.79 237.55 158.64 193.43 197.86

EBT -484.98 454.14 492.2 339.42

Taxes -115.5 36.33 153.84 136.46

Profit and Loss for the Year -369.48 417.81 338.36 202.96

0 0 0 0 0

Other Adjustment 0 0 0 0 0

-524.78 401.41 263.7 147.77

KEY ITEMS

0 0 0 0 0

118.93 118.93 118.93 118.93

4089.45 4464.63 4364.81

40 50 50 40 35

0 0 0 0 0

NaN NaN NaN NaN

Rs (in Crores)

Yearly – Indian Hotels Company Ltd. Income Statement
Net Sales Turnover	2391.25
53.86
Total Income	2445.11
EXPENSES
Stock Adjustments
Raw Material Consumed	107.93	235.74	246.76	232.64	219.99
Power and Fuel
Employee Expenses	633.22
Administration and Selling Expenses
Research and Development Expenses
Other Expenses	583.48	1021.6	1100.36	1072.9	1017.41
TOTAL EXPENSES	1870.62
520.63
EBITDA	574.49
151.29
423.2
225.34
116.91
108.43
Extraordinary Items	-155.3	-16.4	-74.66	-55.19	33.51
Prior Year Adjustment
Reported PAT	141.94
Reserves Written Back
Equity Capital	98.93
Reserves and Surplus	4275.03	2668.27
Equity Dividend Rate
Agg. Non-Promoter Share(Lakhs)
Agg. Non-Promoter Holding(%)
Government Share
Capital Adequacy Ratio
EPS(Rs.)					NaN

Sheet6

Sheet7

Sheet8

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Our Services

Finance

Sheet1

XYZ Balance sheet

XYZ Income

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Indian Hotels Co.Balance sheet

Indian Hotels Co,Cashflow

Indian Hotels P&L Acc.

Indian Hotels Income statement

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Sheet8

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