VIP Industries' balance sheet as of March 31, 2015 shows total assets of Rs. 500 crore consisting of non-current assets of Rs. 108 crore such as tangible assets, intangible assets, and investments. Current assets were Rs. 392 crore including inventories, receivables, cash, and advances. Total equity and liabilities were Rs. 500 crore comprising shareholders' funds of Rs. 279 crore, non-current liabilities of Rs. 5 crore, and current liabilities of Rs. 216 crore.
VIP Industries' balance sheet as of March 31, 2015 shows total assets of Rs. 500 crore consisting of non-current assets of Rs. 108 crore such as tangible assets, intangible assets, and investments. Current assets were Rs. 392 crore including inventories, receivables, cash, and advances. Total equity and liabilities were Rs. 500 crore comprising shareholders' funds of Rs. 279 crore, non-current liabilities of Rs. 5 crore, and current liabilities of Rs. 216 crore.
VIP Industries' balance sheet as of March 31, 2015 shows total assets of Rs. 500 crore consisting of non-current assets of Rs. 108 crore such as tangible assets, intangible assets, and investments. Current assets were Rs. 392 crore including inventories, receivables, cash, and advances. Total equity and liabilities were Rs. 500 crore comprising shareholders' funds of Rs. 279 crore, non-current liabilities of Rs. 5 crore, and current liabilities of Rs. 216 crore.
VIP Industries' balance sheet as of March 31, 2015 shows total assets of Rs. 500 crore consisting of non-current assets of Rs. 108 crore such as tangible assets, intangible assets, and investments. Current assets were Rs. 392 crore including inventories, receivables, cash, and advances. Total equity and liabilities were Rs. 500 crore comprising shareholders' funds of Rs. 279 crore, non-current liabilities of Rs. 5 crore, and current liabilities of Rs. 216 crore.
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EXHIBIT 1
BALANCE SHEET of VIP Industries as at March 31
All amount in Rs Crore I. EQUITY & LIABILITY 2014 2015 (1) Shareholders’ Funds Share Capital 28 28 Reserve & Surplus 260 279
(2) Non Current Liabilities
Long Term Borrowings 0 0 Other Long Term Liabilities 4 5
(3) Current Liabilities
Short Term Borrowings 16 31 Trade Payables 99 118 Other Current Liabilities 20 20 Short Term Provisions 23 19 TOTAL 450 500 II.ASSETS (1) Non Current Assets Fixed Assets i. Tangible assets 67 54 ii. Intangible Assets 1 1 Non Current Investments 10 21 Long Term loans & Advances 41 32 Other Non Current Assets 0 0
(2) Current Assets
Current Investments 0 0 Inventories 173 224 Trade Receivables 95 111 Cash & Cash Equivalents 11 7 Short Term Loans & Advances 26 24 Other Current Assets 26 26 TOTAL 450 500 EXHIBIT 2 Statement of Profit & Loss of VIP Industries for the year ending Mar 31 All amount in Rs Crore Particulars 2014 2015 REVENUE Revenue from sales of Goods & Services 975 1048 Total Revenue from Operations (i) 975 1048 EXPENSES Cost of Material Consumed 150 146 +Purchase of Stock in Trade 410 483 Change in the Inventory -29 -49 +Employee Benefit Expenses 93 106 Other Operating Expenses 267 285 Total Expenses (ii) 891 971 Profit Before Interest, Tax, Depreciation & Amortization (i) – (ii) 84 77 - Depreciation & Amortization 17 17 Profit before Interest & Tax [PBIT] (Operating Profit) 67 60 Add Other Income 18 7 - Interest Expenses (Finance Cost) -2 -1 Profit before Tax [PBT] 83 66 - Tax Expenses/Provision for Tax 25 18 Profit After Tax [PAT] 58 48