Standalone Balance Shee

Sources Of Funds
Total Share Capital
Equity Share Capital
Share Application Money
Preference Share Capital
Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Total Liabilities

D/E

------------------- in Rs. Cr. ------------------Mar '13

Adjustments RCA

Mar '12

Mar '11

12 mths

12 mths

12 mths

12.54
12.54
0
0
332.41
0
344.95
192.06
15
207.06
552.01
Mar '13

12.54
12.54
12.54
12.54
0
0
0
0
327.3
308.9
0
0
339.84
321.44
152.57
131.14
18
10
170.57
141.14
510.41
462.58
Mar '12
Mar '11

0.60026091

Mar '10

Mar '09

12 mths

12 mths

12.54
12.54
12.54
12.54
0
0
0
0
280.13
258.49
0
0
292.67
271.03
120.33
108.99
5
30
125.33
138.99
418
410.02
Mar '10
Mar '09

1) Do an enterprise valuation using Reproduc

arrive at the Equity value (for both core and tota
the

Assets:

PPE
Capital Work in Progress
Total CA, Loans & Advances

448.2
42.12
136.5

790.88
42.12
136.5

Investments

44.95

44.95

Total Assets

671.77

1014.45

Total CL & Provisions

119.75

119.75

Reproduction cost

552.02

894.7

0.68266498
0.35415136

rprise valuation using Reproduction Cost of Assets method for a) the core assets of the company b) the
ty value (for both core and total assets) based on Reproduction Cost of Assets. Follow the example in y
the reasoning behind adjusting each line item under assets. Ensure off bala

2013 Adjustments RCA

PPE
Gross Block

619.54

Less: Accum. Depreciation

Net Block
Capital Work in Progress
Investments
Inventories
Sundry Debtors
Cash and Bank Balance
Total Current Assets
Loans and Advances
Fixed Deposits
Total CA, Loans & Advances
Deffered Credit
Current Liabilities
Provisions
Total CL & Provisions
Net Current Assets
Miscellaneous Expenses
Total Assets

171.34
448.2
42.12
44.95
8.68
7.92
2.08
18.68
117.82
0
136.5
0
114.98
4.77
119.75
16.75
0
552.02

Contingent Liabilities
Book Value (Rs)

10.25
55.02

790.88
0
42.12
44.95
8.68
7.92
2.08
18.68
117.82
0
136.5
0
114.98
4.77
119.75
16.75
0
894.7

he core assets of the company b) the total assets (core and non-core) of the company. Once you have
ost of Assets. Follow the example in your readings as a guide but make sure you use an analytical appr
ne item under assets. Ensure off balance sheet items are captured and all assumptions clearly stated.

As there is no information available regarding individual component of

Here we have assumed that

Planned investments in Greenridge hotels is 110.25 Cr

the company. Once you have calculated the Enterprise Reproduction Cost,
sure you use an analytical approach to adjust the asset values. Clearly state
all assumptions clearly stated.

Industry Name
Advertising
Aerospace/Defense
Air Transport
Apparel
Auto Parts
Automotive
Bank
Bank (Midwest)
Beverage
Biotechnology
Building Materials
Cable TV
Chemical (Basic)
Chemical (Diversified)
Chemical (Specialty)
Coal
Computer Software
Computers/Peripherals
Diversified Co.
Drug
E-Commerce
Educational Services
Electric Util. (Central)
Electric Utility (East)
Electric Utility (West)
Electrical Equipment
Electronics
Engineering & Const
Entertainment
Entertainment Tech
Environmental
Financial Svcs. (Div.)
Food Processing
Foreign Electronics
Funeral Services
Furn/Home Furnishings
Healthcare Information
Heavy Truck & Equip
Homebuilding
Hotel/Gaming
Household Products

Number of Fi Beta
32
66
36
54
54
12
416
68
35
214
43
20
18
33
70
20
191
81
113
223
64
33
20
17
15
64
123
30
76
42
84
256
119
10
6
32
20
23
22
57
27

Cost of EquityE/(D+E)
1.68
11.51%
71.00%
0.98
7.45%
78.97%
1.03
7.73%
62.86%
1.36
9.68%
87.89%
1.76
11.94%
80.41%
1.73
11.79%
49.16%
0.77
6.24%
43.82%
0.89
6.95%
66.73%
0.95
7.26%
81.78%
1.23
8.89%
86.27%
1.57
10.87%
60.52%
1.4
9.90%
60.20%
1.37
9.73%
80.17%
1.55
10.75%
85.70%
1.18
8.59%
82.97%
1.47
10.28%
59.39%
0.98
7.42%
93.85%
1.37
9.68%
91.16%
1.22
8.82%
55.96%
1.08
8.00%
87.11%
1.05
7.86%
93.69%
0.91
7.01%
80.17%
0.57
5.08%
54.05%
0.43
4.24%
59.56%
0.58
5.14%
55.13%
1.43
10.03%
89.06%
1.22
8.81%
81.66%
1.28
9.19%
88.32%
1.6
11.05%
74.70%
1.11
8.20%
89.65%
0.66
5.62%
69.89%
1.34
9.53%
32.85%
0.87
6.83%
80.97%
1.1
8.13%
68.63%
1.12
8.26%
66.90%
1.63
11.20%
81.93%
0.97
7.36%
89.59%
1.8
12.22%
67.89%
1.55
10.73%
66.86%
1.65
11.33%
69.09%
0.98
7.42%
84.67%

Std Dev in St Cost of Debt Tax Rate

After-tax CostD/(D+E)
Cost of Capital
97.40%
4.76%
16.02%
4.00%
29.00%
9.33%
44.98%
2.76%
20.08%
2.21%
21.03%
6.35%
64.94%
3.26%
21.35%
2.56%
37.14%
5.81%
74.88%
3.76%
18.57%
3.06%
12.11%
8.87%
57.43%
3.26%
18.77%
2.65%
19.59%
10.12%
59.23%
3.26%
16.24%
2.73%
50.84%
7.18%
50.34%
3.26%
16.39%
2.73%
56.18%
4.27%
36.37%
2.76%
20.99%
2.18%
33.27%
5.36%
47.17%
2.76%
18.82%
2.24%
18.22%
6.34%
79.99%
3.76%
2.98%
3.65%
13.73%
8.17%
79.76%
3.76%
9.48%
3.40%
39.48%
7.92%
40.45%
2.76%
21.23%
2.17%
39.80%
6.82%
39.24%
2.76%
21.89%
2.16%
19.83%
8.22%
49.02%
2.76%
19.75%
2.21%
14.30%
9.53%
62.90%
3.26%
15.35%
2.76%
17.03%
7.59%
56.54%
3.26%
11.27%
2.89%
40.61%
7.28%
68.39%
3.76%
12.43%
3.29%
6.15%
7.16%
81.83%
4.26%
10.01%
3.83%
8.84%
9.16%
60.46%
3.26%
17.18%
2.70%
44.04%
6.13%
80.68%
4.26%
5.14%
4.04%
12.89%
7.49%
80.60%
4.26%
10.52%
3.81%
6.31%
7.61%
83.08%
4.26%
21.72%
3.33%
19.83%
6.28%
17.29%
2.26%
30.12%
1.58%
45.95%
3.47%
13.21%
2.26%
33.49%
1.50%
40.44%
3.13%
14.19%
2.26%
29.09%
1.60%
44.87%
3.55%
67.79%
3.76%
16.15%
3.15%
10.94%
9.28%
74.24%
3.76%
11.31%
3.33%
18.34%
7.81%
46.03%
2.76%
25.00%
2.07%
11.68%
8.36%
70.99%
3.76%
12.56%
3.29%
25.30%
9.09%
53.25%
3.26%
11.01%
2.90%
10.35%
7.66%
79.24%
3.76%
7.60%
3.47%
30.11%
4.97%
55.15%
3.26%
16.23%
2.73%
67.15%
4.96%
52.26%
3.26%
21.63%
2.55%
19.03%
6.02%
31.24%
2.76%
23.12%
2.12%
31.37%
6.24%
26.75%
2.76%
28.66%
1.97%
33.10%
6.17%
55.60%
3.26%
16.69%
2.72%
18.07%
9.67%
44.41%
2.76%
20.31%
2.20%
10.41%
6.82%
55.26%
3.26%
22.74%
2.52%
32.11%
9.10%
66.75%
3.76%
7.12%
3.49%
33.14%
8.33%
55.66%
3.26%
17.52%
2.69%
30.91%
8.66%
50.86%
3.26%
24.66%
2.46%
15.33%
6.66%

t of Capital

Year

Change in index Dividend yield

2000

2000
34%
1%
35%
11.40%
23.60%
2001
-28%
1%
-27%
10.90%
-37.90%
2002
-3%
1%
-2%
8.80%
-10.80%
2003
-13%
1%
-12%
6.90%
-18.90%
2004
83%
1%
84%
5.40%
78.70%
2005

16%
1%
17%
6.20%
10.90%
2006
74%
1%
75%
7.10%
68.00%
2007
16%
1%
17%
7.80%
9.30%
2008
20%
1%
21%
7.90%
13.20%
2009
-38%
1%
-37%
7.60%
-44.50%
2010
81%
1%
82%
7.20%
74.80%
2011
11%
1%
12%
7.90%
4.20%
2012
-10%

1%
-9%
8.40%
-17.30%

Total return

Average risk free rate

ERP

SOURCES OF FUNDS :
Share Capital
Reserves Total
Equity Share Warrants
Equity Application Money
Total Shareholders Funds
Secured Loans
Unsecured Loans
Shop Security Deposits
Total Debt
Other Liabilities
Total Liabilities
APPLICATION OF FUNDS :
Gross Block
Less: Accumulated Depreciation
Less:Impairment of Assets
Net Block
Lease Adjustment
Capital Work in Progress
Investments
Current Assets, Loans & Advances
Inventories
Sundry Debtors
Cash and Bank
Loans and Advances
Total Current Assets
Less : Current Liabilities and Provisions
Current Liabilities
Provisions
Total Current Liabilities
Net Current Assets
Miscellaneous Expenses not written off
Deferred Tax Assets
Deferred Tax Liability
Net Deferred Tax

12.54
332.41
0
0
344.95
192.06
36.25
0
228.31
2.42
575.68

12.54
327.3
0
0
339.84
157.57
31.75
0
189.32
3.53
532.69

619.53
171.34
0
448.19
0
42.12
44.95

599.97
147.03
0
452.94
0
31.85
36.36

8.68
7.92
2.08
21.17
39.85

6.97
7.3
1.95
14.29
30.51

37.25
3.67
40.92
-1.07
0
17.6
55.16
-37.56

42.48
10.93
53.41
-22.9
0
21.88
54.62
-32.74

 Other Assets
Total Assets
Contingent Liabilities

79.05
575.68
21.24

67.18
532.69
8.75

12.54
308.9
0
0
321.44
136.14
5
0
141.14
8.6
471.18

12.54
280.13
0
0
292.67
120.33
5
0
125.33
0
418

12.54
258.49
0
0
271.03
108.99
30
0
138.99
0
410.02

12.54
220.39
0
0
232.93
50.47
24
0
74.47
0
307.4

12.54
173.44
0
0
185.98
68.39
5
0
73.39
0
259.37

12.54
139.08
0
0
151.62
70.62
15
0
85.62
0
237.24

493.66
125.49
0
368.17
0
79.86
0.02

482.96
107.48
0
375.48
0
84.29
0.02

463.13
89.12
0
374.01
0
69.36
0

268.61
75.86
0
192.75
0
138.64
0

258.13
64.45
0
193.68
0
76.02
0

254.08
60.89
0
193.19
0
20.74
13.96

4.68
9.74
4.95
12.99
32.36

4.41
6.84
2.89
21.68
35.82

4.49
6.36
2.13
19.72
32.7

3.91
5.37
11.32
29.69
50.29

3.09
6.01
25.26
27.58
61.94

2.54
7.35
14
38.86
62.75

29.37
15.95
45.32
-12.96
0
0.61
19.87
-19.26

44.35
18.68
63.03
-27.21
1.5
0.59
16.67
-16.08

40.54
14.94
55.48
-22.78
1.66
0.23
12.46
-12.23

41.1
26.09
67.19
-16.9
1.82
0.15
9.06
-8.91

40.21
26.74
66.95
-5.01
2.73
0
8.05
-8.05

35.19
15.52
50.71
12.04
3.81
0
6.5
-6.5

55.35
471.18
7.83

0
418
8.45

0
410.02
11.39

0
307.4
17.98

0
259.37
14.08

0
237.24
12.37

12.54
107.13
0
0
119.67
29.15
47.86
0
77.01
0
196.68

12.54
91.47
0
0
104.01
25
3.17
0
28.17
0
132.18

161.03
50.13
0
110.9
0
67.08
13.96

155.15
43.87
0
111.28
0
24.83
0

1.61
3.6
1.15
33.16
39.52

1.76
4.91
2.4
9.87
18.94

25.89
9.3
35.19
4.33
5.06
0
4.65
-4.65

23.13
6.06
29.19
-10.25
6.32
0
0
0

0
196.68
10.6

0
132.18
3.69