Professional Documents
Culture Documents
PQR Intermnational
INCOME STATEMENT FOR 2009 AND 2010
FOR THE YR ENDED DEC31,2010
SALES
COGS
GROSS PROFIT
S,G AND A
FIXED EXP
DEPRECIATION
EBIT
INTEREST
PBT
TAXES
NET INCOME
2010
3850000
3250000
600000
330300
100000
20000
149700
76000
73700
24321
49379
2009
3432000
2864000
568000
240000
100000
18900
209100
62500
146600
48378
98222
2010
3850000
3250000
600000
330300
100000
20000
149700
76000
73700
24321
49379
2010%
100
84.42
15.58
8.58
2.60
0.52
3.89
1.97
1.91
0.63
1.28
2009
3432000
2864000
568000
240000
100000
18900
209100
62500
146600
48378
98222
2009%
100
83.45
16.55
6.99
2.91
0.55
6.09
1.82
4.27
1.41
2.86
2010
52000
402100
836000
1290100
527000
166200
360800
1650900
2010%
3.149797
24.35641
50.63905
78.14525
31.92198
10.06724
21.85475
100
2009
57600
351200
715200
1124000
491000
146200
344800
1468800
2009%
3.921568627
23.91067538
48.69281046
76.52505447
33.42864924
9.953703704
23.47494553
100
175200 10.61239
225100 13.63499
140000 8.480223
540300 32.7276
145600
200000
136000
481600
9.912854031
13.61655773
9.259259259
32.78867102
SOLN
SALES
COGS
GROSS PROFIT
S,G AND A
FIXED EXP
DEPRECIATION
EBIT
INTEREST
PBT
TAXES
NET INCOME
BALANCE SHEET AS ON DEC31, 2010
ASSESTS
CASH AND CASH EQUIVALENTS
ACCOUNTS RECEIVABLES
INVENTORY
TOTAL CA
P&E
ACCUMULATED DEP
NET FIXED ASSEST
TOTAL ASSETS
LIABILITIES
ACCOUNTS PAYABLE
ST NOTES PAYABLE
OTHER CL
TOTAL CL
LT DEBTS
TOTAL LIABILITIES
EQUITY
RETAINED EARNINGS
TOTAL EQITY
TATAL DEBT AND EQUITY
424612
964912
460000
225988
685988
1650900
25.72003
58.44763
27.86359
13.68878
41.55237
100
323432
805032
460000
203768
663768
1468800
22.02015251
54.80882353
31.31808279
13.87309368
45.19117647
100
YEAR 1
YEAR2
200
120
80
240
140
100
4.713178295 2.356589
0 2.067424
32
32
52.71317829 68.28917
TAXES(35%
NET INCOME
18.4496124 23.90121
34.26356589 44.38796
BALANCE SHEET
SF PLUG
CA1
CA2
LT ASSETS
TA
94.26356589
100
100
300
594.2635659
NTF PLUG
CL 1
CL2
DEBT1
TL
0
200
100
400
700
0 41.34848
80
100
80
80
320
320
480 541.3485
80
80
34.26356589 78.65152
114.2635659 158.6515
594.2635659
700
ASSETS WITHOUT SF
TL & SH EQUITY without ntf
DIFFERENCE
SF PLUG CALCULATION
NTF PLUG CALCULATION
500
700
594.2635659 658.6515
94.26356589 -41.3485
94.26356589
0
0 41.34848
ques 4
INCOME STATEMENT
sales
expenses
EBIT
5000000
2700000
2300000
5800000
3000000
2800000
132608.6957 182002.7
0
0
150000
150000
2282608.696 2832003
730434.7826 906240.9
1552173.913 1925762
BALANCE SHEET
sf plug
cash and cash equivalent
accounts receivable
inventory
plant and equipment
TA
2652173.913
500000
1200000
1000000
1500000
6852173.913
4627936
450000
1500000
900000
1600000
9077936
0
1000000
800000
1500000
3300000
0
1200000
900000
1500000
3600000
equity
retained earnings
SHAREHOLDERS EQUITY
TL+ SH EQUITY
2000000
1552173.913
3552173.913
6852173.913
2000000
3477936
5477936
9077936
ASSETS WITHOUT SF
TL& SH EQIUITY WITHOUT NTF
DIFFERENCE
SF PLUG CALCULATION
NTF PLUG CALCULATION
4200000
6852173.913
2652173.913
2652173.913
0
4450000
9077936
4627936
4627936
0
ntf plug
accounts payable
other current liabilities
term loan
TL
QUES 5
From the following particulars make financial model for balancing the balance sheet.
figures in lacs
2009
2010
revenue
1000
1300
cogs
400
550
s,g,and adm exp
200
250
interest income
interest expense
debt
taxes
cash and marketable securities
acs receivable
inventory
lt assets
notes payable
other cl
senior debt
acs payable
equity
SOLN:
INCOME STATEMENT
SALES
COGS
GROSS PROFIT
SG AND ADM
EBIT
INTEREST INCOME(SF)
INTEREST EXPENSE(NTF(
INT ON DEBT
EBT
TAXES
NET INCOME
BALANCE SHHET
ASSETS
SF PLUG
CASH AND MARKETABLE SECURITIES
ACCOUNTS RECEVABLE
INVENTORY
LONG TERM ASSETS
TOTAL ASSETS
LIABILITIES
NTF PLUG
NOTES PAYABLE
OTHER CL
ACCOUNTS PAYABLE
SENIOR DEBT
TOTAL LIABILITIES
EQUITY
RETAINED EARNINGS
SH EQUITY
TL+ SH EQUITY
6%
11%
11%
35%
300
400
200.00
200.00
300.00
400.00
200.00
200.00
500.00
6%
11%
11%
35%
300
430
240.00
220.00
300.00
410.00
180.00
210.00
500.00
2009
1000
400
600
200
400
46.55775234
0
22
424.5577523
148.5952133
275.962539
2010
1300
550
750
250
500
54.74826
0
20.9
533.8483
170.8314
363.0168
775.962539 1048.979
300
300
400
430
200.00
240.00
200.00
220.00
1875.962539 2238.979
0
0
300.00
300.00
400.00
410.00
200.00
210.00
200.00
180.00
1100
1100
500.00
500.00
275.962539 638.9794
775.96 1138.98
1875.96 2238.98
ASSETS WITHOUT SF
TL+SH EQ. WITHOUT NTF
DIFFERENCE
CALCULATION OF SF
CALCULATION OF NTF
1100
1190
1875.96 2238.98
775.962539 1048.979
775.962539 1048.979
0
0
ques
abc ltd.
PROJ
INCOME STATEMENT
REVENUES
PERCENT GROWTH
REVENUES
COGS
AS% OF REEVNUES
COGS
2008
2009
2010
825
900
1000
NA
450
490
PROJ
2011
2012
10%
10%
55%
55%
15%
15%
3%
3%
8.50%
8.50%
1%
1%
550
GROSS PROFIT
GROSS MARGIN(%)
SG& ADMIN
AS% OF REVENUE(%)
SG& ADMIN
125
OPERATING EXP
AS% OF REVENUE(%)
OPERATING EXP
EBITDA
EBITDA MARGIN(%)
25
DEPRECIATION
AS % PRIOR NET PPE
DEPRECIATION
60
AMOTRTISATION OF INTANGIBLES
AMOTRTISATION OF INTANGIBLES
EBIT
EBITMARGIN(%)
NON OPERATING EXPENSES
AS %OF REEVNUE(%)
NON OPERATING EXPENSES
INTEREST INCOME
SF PLUG
135
28
75
150
30
80
10
10
CASH
SHORT TERM INVESTMENT
INTEREST INCOME
INTEREST EXPENSE
NTF PLUG
SHORT TERM NOTES
DEBT 1
DEBT2
DEBT 3
INTEREST EXPENSE
EBT
EBT MARGIN(%)
50
50
50
10
12
11
2008
2009
2010
60
75
80
60
75
80
30
A/CS RECEIVABLE
AS % OF REEVNUE
DAYS OF REVENUE
A/CS RECEIVABLE
60
75
90
26.5
30.4
32.9
120
135
150
INVENTORY
AS % OF REVENUE
30
32
32
10%
10%
2011
2012
5%
5%
80
80
5%
5%
3%
3%
5%
5%
30
30
33
33
DAYS OF COGS
INVENTORY
97.3
100.6
99.5
870
130
950
155
1000
130
98
95
15%
18%
14%
14%
14
14
10%
10%
55
55
10%
10%
150
10%
150
10%
OTHER CA
AS% OF REVENUE
OTHER CA
TOTAL CA
NET PPE
CAPEX
AS % OF REVENUE(%)
CAPEX
DEPRECIATION
NET PPE
INTANGIBLES
AMORTISATION
INTANGIBLES
58
4
54
4
50
4
LT ASSETS
% OF REEVNUES
% GROWTH
LT ASSETS
TOTAL ASSETS
92
116
150
LIABILITIES
SHORT TERM NOTES
NA
10
12
14
INTEREST RATE
INTEREST EXPENES
A/CS PAYABLE
%0F REVENUE(%)
DAYS OF COGS
A/CS PAYABLE
OTHER CL
TOTAL CURRENT LIABILITIES
60
70
80
48.7
52.1
53.1
10
20
20
NTF PLUG
INTEREST RATES
INTEREST EXPENSE
DEBT 1
DEBT 1
INTEREST RATES
INTEREST EXP
200
200
200
200
150
150
DEBT 2
DEBT 2
INT RATE
INT EXP
200
200
200
200
225
225
DEBT 3
DEBT 3
INT RATE
INT EXP
110
110
110
110
110
110
40
38
37
LT LIABILITIES
AS % OF REEVNUE
% GROWTH
LT LIABILITIES
225
10%
225
10%
110
8%
110
8%
4%
4%
650
650
1.10%
1.00%
NA
SHAREHOLDERS EQUITY
EQUITY
460
RETAINED EARNINGS
NET TO RETAINED EARNINGS
RETAINED EARNINGS
500
580
11
12
142.4
10
SOLUTION
PROJ
INCOME STATEMENT
REVENUES
PERCENT GROWTH
REVENUES
COGS
AS% OF REEVNUES
COGS
PROJ
2008
2009
2010
2011
2012
825
825
900
9.09%
900
1000
11.11%
1000
1100
10%
1100
1210
10%
1210
450
54.55%
450
490
54.44%
490
550
55.00%
550
605
55%
605
665.5
55%
665.5
NA
GROSS PROFIT
GROSS MARGIN(%)
375
45.45%
410
45.56%
450
45.00%
495
45.00%
544.5
45.00%
SG& ADMIN
AS% OF REVENUE(%)
SG& ADMIN
125
15.15%
125
135
15.00%
135
150
15.00%
150
15%
165
15%
181.5
OPERATING EXP
AS% OF REVENUE(%)
OPERATING EXP
EBITDA
EBITDA MARGIN(%)
25
3.03%
25
225
27.27%
28
3.11%
28
247
27.44%
30
3.00%
30
270
27.00%
3%
33
297
27.00%
3%
36.3
326.7
27.00%
60
60
75
8.62%
75
80
8.42%
80
8.50%
85
8.50%
91.8
4
4
161
4
4
168
4
4
186
4
4
208
4
4
230.9
EBITMARGIN(%)
NON OPERATING EXPENSES
AS %OF REEVNUE(%)
NON OPERATING EXPENSES
19.52%
10
1.21%
10
18.67%
10
1.11%
10
18.60%
8
0.80%
8
18.91%
11
1%
11
19.08%
12.1
1%
12.1
INTEREST INCOME
SF PLUG
CASH
SHORT TERM INVESTMENT
INTEREST INCOME
3
0
5
0
6
0
4.62
4
1.65
10.27
2.57
4
1.815
8.39
50
50
50
0
1.40
15
22.5
8.8
47.7
179.49
14.83%
DEPRECIATION
AS % PRIOR NET PPE
DEPRECIATION
AMOTRTISATION OF INTANGIBLES
AMOTRTISATION OF INTANGIBLES
EBIT
INTEREST EXPENSE
NTF PLUG
SHORT TERM NOTES
DEBT 1
DEBT2
DEBT 3
INTEREST EXPENSE
EBT
EBT MARGIN(%)
NA
50
104
12.61%
50
113
12.56%
50
134
13.40%
0
1.40
15
22.5
8.8
47.7
159.57
14.51%
36.4
39.55
46.9
55.85
62.82
36.4
67.6
39.55
73.45
46.9
87.1
55.85
103.72
62.82
116.67
NET MARGIN
8.19%
8.16%
8.71%
9.43%
9.64%
10
14.79%
10
57.6
12
16.34%
12
61.45
11
12.63%
11
76.1
10.37
10%
10.37
93.35
11.67
10%
11.67
105.00
2008
2009
2010
2011
2012
60
7.27%
60
75
8.33%
75
80
8.00%
80
92.31
5%
4.62
80
7.27%
80
5%
4
51.41
5%
2.57
80
6.61%
80
5%
4
30
3.64%
30
32
3.56%
32
33
3.30%
33
3%
33
5%
1.65
3%
36.3
5%
1.815
A/CS RECEIVABLE
AS % OF REVENUE
DAYS OF REVENUE
A/CS RECEIVABLE
60
7.27%
26.5
60
75
8.33%
30.4
75
90
9.00%
32.9
90
30
90.41
30
99.45
INVENTORY
AS % OF REVENUE
DAYS OF COGS
INVENTORY
120
14.55%
97.3
120
135
15.00%
100.6
135
150
15.00%
99.5
150
98
162.44
95
173.21
OTHER CA
AS% OF REVENUE
OTHER CA
TOTAL CA
10
1.21%
10
280
10
1.11%
10
327
12
1.20%
12
365
1%
11
469.16
1%
12.1
452.48
870
130
15.76%
130
60
870
950
155
17.22%
155
75
950
1000
130
13.00%
130
80
1000
15%
165
85
1080
18%
217.8
91.8
1206
58
54
50
DIVIDENDS
PAYOUT RATIO(%)
DIVIDENDS
NET TO RETAINED EARNINGS
BALANCE SHEET
ASSETS
SF PLUG
INTEREST RATE
INTEREST INCOME
CASH
AS% OF REVENUE(%)
CASH
INTEREST RATE
INTEREST INCOME
NET PPE
CAPEX
AS % OF REVENUE(%)
CAPEX
DEPRECIATION
NET PPE
INTANGIBLES
AMORTISATION
INTANGIBLES
4
58
4
54
4
50
4
46
4
42
LT ASSETS
% OF REEVNUES
% GROWTH
LT ASSETS
TOTAL ASSETS
92
11.15%
92
1300
116
12.89%
26.09%
116
1447
150
15.00%
29.31%
150
1565
14%
2.67%
154
1749.16
14%
10.00%
169.4
1869.88
10
12
14
14
14
10%
1.40
10%
1.40
55
91.16
55
100.28
22
2%
127.16
24.2
2%
138.48
0.00
10%
0
0.00
10%
0
150
10%
15
150
10%
15
225
10%
22.5
225
10%
22.5
110
8%
8.8
110
8%
8.8
4%
18.92%
44
4%
10.00%
48.4
NA
LIABILITIES
SHORT TERM NOTES
INTEREST RATE
INTEREST EXPENES
A/CS PAYABLE
%0F REVENUE(%)
DAYS OF COGS
A/CS PAYABLE
60
7.27%
48.7
60
70
7.78%
52.1
70
80
8.00%
53.1
80
OTHER CL
10
20
20
80
102
114
NTF PLUG
INTEREST RATES
INTEREST EXPENSE
DEBT 1
DEBT 1
INTEREST RATES
INTEREST EXP
200
200
225
225
150
150
DEBT 2
DEBT 2
INT RATE
INT EXP
200
200
200
200
225
225
DEBT 3
DEBT 3
INT RATE
INT EXP
110
110
110
110
110
110
40
4.85%
38
4.22%
-5.00%
38
37
3.70%
-2.63%
37
LT LIABILITIES
AS % OF REEVNUE
% GROWTH
LT LIABILITIES
NA
40
TOTAL LIABILTIES
SHAREHOLDERS EQUITY
EQUITY
630
675
636
656.16
671.88
460
500
580
650
650
RETAINED EARNINGS
NET TO RETAINED EARNINGS
RETAINED EARNINGS
142.4
57.6
200
200
61.45
261.45
261.45
76.1
337.55
93.35
430.90
105.00
535.89
10
1.21%
10
670
1300
11
1.22%
11
772.45
1447.45
12
1.20%
1.10%
1.00%
12
12.1
12.1
929.55 1092.995844 1197.995
1565.55
1749.16 1869.88
1656.85
1749.16
92.31
92.31
0.00
1818.46
1869.88
51.41
51.41
0.00
ques
abc ltd. Wishes to buy a office premises and is trying to find the best available4 prices. Abc ltd approached 2 banks and the te
bank
loan amt
term(yrs) emi
hdfc
1250000
12
16417
sbi
1400000
12
17549
from which bank will taking a loan cheaper?
hdfc
sbi
11.48502%
10.5060%
ques
m.s ab have invested rs. 1000000 worth of debentures to be redemmed after 5 yrs. If the rate is 14%,what is the amt that ha
fv
nper
rate
pmt
ques
1000000
5
14%
151,283.55
unique as retained earnings were not given to us and trough circular referencing
t by linking income statement and balance sheet.(iterations)
PROJ
2013
10%
55%
15%
3%
8.50%
1%
10%
2013
5%
80
5%
3%
5%
30
95
20%
14%
14
10%
55
10%
150
10%
225
10%
110
8%
4%
650
0.90%
PROJ
2013
1331
10%
1331
732.05
55%
732.05
598.95
45.00%
15%
199.65
3%
39.93
359.37
27.00%
8.50%
102.51
4
4
252.86
19.00%
13.31
1%
13.31
0.00
4
1.9965
6.00
2.593501
1.40
15
22.5
8.8
50.2935
195.25
14.67%
68.34
68.34
126.91
9.54%
12.69
10%
12.69
114.22
2013
0.00
5%
0.00
80
6.01%
80
5%
4
3%
39.93
5%
1.9965
30
109.40
95
190.53
1%
13.31
433.17
20%
266.2
102.51
1369.69
4
38
14%
10.00%
186.34
2027.20
14
10%
1.40
55
110.31
26.62
2%
150.93
25.94
10%
2.593501
150
10%
15
225
10%
22.5
110
8%
8.8
4%
10.00%
53.24
715.10
650
114.22
650.12
0.90%
11.979
1312.097
2027.20
2027.20
2001.27
-25.94
0.00
25.94
is 14%,what is the amt that has to be invested in a sinking fund to redeem the above debenture.
PARTICULARS
Net Income
Add
Depreciation
Amortization of intangibles
Operating Cash Flow
Increase in A/C receivables
Increase in inventory
increase in other current assets
Increase in A/C payables
Increase in other CL
Increase in op WC
Cash Flow from Operations
CAPEX
Inc/Dec in net PPE
Inc/Dec in LT assets
Inc/Dec in intangibles
Cash flow from Investments
Inc/dec in ST notes
Inc/dec in NTF
Inc/dec in debt 1
Inc/dec in debt 2
Inc/dec in debt 3
Inc/dec in LT liabilities
Inc/dec in Equity
Inc/dec in Net Retained Earnings
Inc/dec in other Equity
Dividend
Cash flow from financing
change in cash & Equivalent
Cash & Equivalents
2010
87.1
2011
103.72
2012
116.67
75
4
152.45
80
85
91.8
4
4
4
171.1 192.7176 212.4656
15
15
0
10
10
10
142.45
15
15
2
10
0
22
149.1
0.41
12.44
-1
11.16
2
-1.32
194.03
9.04
10.77
1.1
9.12
2.2
9.60
202.87
155
0
24
0
2
130
0
34
0
1
165
0
4
0
0
217.8
0
15.4
0
3.3
2
0
25
0
0
-2
40
0
1
12
54
194.45
107
2
0
0
0
0
0
-75
0
0
25
0
0
0
0
0
-1
7
4.4
80
70
0
0
0
0
1
0.1
0
11 10.37176 11.66656
21
66.73
-7.27
113
113
116.3
Ques1) Using financial function,ascertain the FV if the interest rate is 10%,initial investment is Rs25000,and the annual dep
Ques2)w.r.t(1st)question,
Let the inflation rate is 6%,then what is the FV?
Ques3)W.r.t (1)question,
Create (single-input) data table, by taking different annual deposit values like-Rs.7000,8000,9000,10000,11000,12000 and
soln 1
interest rate
initial investment
annual deposit
time period(yrs)
type
inflation
10%
25000
10000
10
1
6%
Real rate
240,155.23
real rate=((1+r)/(1+i))-1
Soln2
real rate
FV wit real rate
3.77%
159,499.67
soln 3)
7000
8000
9000
10000
11000
12000
13000
240,155.23
187561.7309
205092.898
222624.0651
240155.2321
257686.3992
275217.5662
292748.7333
159,499.67
122512.2627
134841.3994
147170.536
159499.6727
171828.8094
184157.946
196487.0827
que 4) Now,considering 1st and 3rd question simultaneously , create (two-input) data table,when the interest rates are as
ques5) ABC finance firm has advertised in newspaper that it will give 15% on the deposit of Rs.1000000/-.this is the annuit
make the data table ,considering the different interset rate -12%,135,14%,15%,16% and 17%.
que6) W.r.t 5th question, create two input data table, by putting different values for the initial deposit such as- Rs 800000,
ques7) Suppose you are a business owner looking to purchase new equipment worth Rs.500000/- 5 years from now. Assum
soln4)
240,155.23
8%
9%
10%
11%
12%
7000
163491.5372 175106.1456 187561.7 200915.5 215228.3
8000
179137.0246
191666.439 205092.9
219477 234882.9
9000
194782.5121 208226.7324 222624.1 238038.4 254537.5
10000
210427.9996 224787.0258 240155.2 256599.8
274192
11000
226073.487 241347.3192 257686.4 275161.3 293846.6
12000
13000
soln5)
691,859.36
456013.8016
525281.3991
603568.8576
691859.3603
791224.0631
902828.5784
12%
13%
14%
15%
16%
17%
4,045,557.74
3105848.208
3394567.39
3707221.314
4045557.736
4411435.079
4806828.389
FV
soln6)
800000
900000
1000000
1100000
1200000
Soln7)
Interest rate
period
amt required each year
final amt
Goalseek
8%
5
85228.22728
500,000.00
ques 8)use the function data table you want to accumulate 10 crores in the next 10 years.the rate of interest on your portf
use different scenarios like for interest rate take 185 to 25% and for time period take 10 to 15 years.calculate how much u
Soln8)
10
11
12
13
14
18%
19%
20%
21%
22%
23%
24%
25%
k/ Scenario Manager
is Rs25000,and the annual deposit is Rs.10000.The amount is deposited in the beginning of the year.
ial deposit such as- Rs 800000,900000,1000000,1100000 and 1200000/000/- 5 years from now. Assuming that your investments earn 8% annual interest,how much do you need to set aside every year to rea
13%
230564.4
251378.7
272193
293007.4
313821.7
row-rate%
column-deposit
data-what if analysis-data table
334636
355450.3
FV
rate
deposit
years
fv
PMT
15% annuity(nper)
1000000 pv
10
4,045,557.74 pmt
years
10
15
4,045,557.74
691,859.36
investment(FV)
rate
pmt?
100000000
22%
3,489,498.20
the annuity will be given for a period of 15 years.Calculate the annual annuity value?
d to set aside every year to reach this goal?(use goal seek function)