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(Amounts in Rs. lakhs) Schedules SOURCES OF FUNDS Shareholders' funds Capital Reserves and surplus Long Term Borrowing December 31, 2001 2000
1 2 3
APPLICATION OF FUNDS Fixed assets Cost Less: Accumulated depreciation and amortisation Net book value Current assets, loans and advances Accounts Receivable Cash and bank balances Other current assets Loans and advances Less: Current liabilities and provisions Current liabilities Provisions
4 531.10 22.70 508.40 5 2.50 39.21 0.04 5.15 46.90 6 7.05 7.05 39.85 548.25 18.90 550.00 18.75 0.15 18.90 531.10 531.10
Notes to accounts
10
The schedules referred to above and notes to accounts form an integral part of the balance sheet.
SYMPHONY THEATRE PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED DECEMBER 31, 2001
(Amounts in Rs. Lakhs)
Schedules Revenue Gross profit Operating expenses General and administrative expenses Depreciation and amortisation Income from operations Non-operating income (expense) Provision for taxes Net income Profit and loss account, beginning of the year Amount available for appropriation Appropriations: Proposed dividend Tax on Proposed dividend Transfer to general reserve Surplus carried to Balance Sheet Notes to accounts 10 8
13.25
The schedules referred to above and notes to accounts form an integral part of the profit and loss account.
SYMPHONY THEATRE CASH FLOW STATEMENT FOR THE YEAR ENDED DECEMBER
(Amounts in Rs. Lakhs)
2001
CASH FLOW FROM OPERATING ACTIVITIES Net Profit After Taxes Adjustments to reconcile income after tax to cash (used in) provided by operating activities Depreciation & Amortisation Interest Paid
13.25
Changes in assets and liabilities Increase in Accounts Payable Increase in Accrued Expenses Increase in Accounts Receivable Increase in Inventory Increase in Prepaid Expenses Net cash (used in) provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIES Long Term Borrowings Repaid Interest Paid Net cash (used in) provided by financing activities Cash at the beginning of the year Cash at the end of the year
Return on Investment
The prime objective of making investments in any business is to obtain satisfactory return on capital invested . Hence, the return on capital employed is used as a measure of success of a business in realizing this objective. Return on capital employed establishes the relationship between the profit and the capital employed . It indicates the percentage of return on capital employed in the business and it can be used to show the overall profitability and efficiency of the business .
5.4% =(Adjusted net profits/Capital employed)100 5.5% =(Adjusted net profits/Capital employed)100
Return on Assets & Return on Equity Net Profit after taxes Total Assets Total Stockholder's Equity Return on Total Assets (ROA) Return on Equity (ROE) 13.25 555.30 =Net Fixed Assets + Current Assets 413.25 =Capital + Reserves & Surplus 2.4% =(Net Profit After taxes / Total Assets) x 100 3.2% =(Net Profit After taxes / Total Stockholder's Equity) x 100
The Objective of 12% Return on Investment has not been achieved by the partners in the first year. The Return on Capital employed has only touched 5.5% in the first year
i-flex Solutions Limited Schedules annexed to and forming part of the accounts as at March 31, 2007 (Amounts in thousands of Indian Rupees) Schedule 4: Fixed assets Gross block Particulars As at 01.01.2001 Additions Sale/deletions As on 31.12.2001 As at 01.01.2001 Depreciation and amortization For the year Sale/deletions As on 31.12.2001 Net book value As at As on 31.12.2001 31.12.2000
Tangible assets: Land (See Note below) New Theater Building Sound Sys & Proj Equipment Furniture & Fixtures Air-conditioning Systems Intangible assets: Integrated Comm Network Total Previous year Note:
1.10 531.10 -
531.10
0.20 22.70 -
0.20 22.70 -
1.10 531.10 -
Net cost of old theater (cost of theater plus demolishing charges net of scrap value of furniture) has been capitalised and treated as Land cost
i-flex Solutions Limited Schedules annexed to and forming part of the accounts as at March 31, 2007 (Amounts in thousands of Indian Rupees, except share and per share data)
December 31, 2001 2000 Schedule 1: Share Capital Seth Pitambardas Maharaja Mayurdhwajsingh 200.00 200.00 400.00 200.00 200.00 400.00
Schedule 2: Reserves and surplus General reserve Balance, beginning of the year Transferred from profit and loss account Balance, end of the year
13.25 13.25
13.25
Schedule 3: Long Term Borrowings Private Financing Agencies Less: 1/10th Loan repayment
i-flex Solutions Limited Schedules annexed to and forming part of the accounts as at March 31, 2007 (Amounts in thousands of Indian Rupees, except share and per share data)
December 31, 2001 2000 Schedule 5: Current assets, loans and advances (a) Accounts Receivables Trade Receivable Considered good Less: Bad Debts written off Other debts - considered good Advertising Less: Provision for doubtful debts
(b)
Cash and bank balances Cash in hand Balances with scheduled banks: 39.21 39.21 18.75 18.75
i-flex Solutions Limited Schedules annexed to and forming part of the accounts as at March 31, 2007 (Amounts in thousands of Indian Rupees, except share and per share data)
December 31, 2001 2000 (c) Other current assets Inventory - Stationery 0.04 0.04 -
(d)
Loans and advances (unsecured, considered good) Prepaid expenses Property Taxes Insurance Premium ICM Lease Rentals
0.15 0.15
Schedule 6: Current liabilities and provisions Current liabilities Accounts payable (See Note below) Accrued expenses Electricity Charges Salaries & Allowances
Provisions
Note: Accounts payable to distributor = Box office collections for Last week yet to be reimbursed - Rental for that week (6.5 - 2.15 = 4.35 lakhs payable)
i-flex Solutions Limited Schedules annexed to and forming part of the accounts for the year ended March 31, 2007 (Amounts in thousands of Indian Rupees)
Schedule 8: General and administrative expenses Employee costs Electricity Charges Property Taxes Insurance Premium Interest Paid on Long term loan Private Financing Agencies Friends & Relatives Cleaning Material & Supplies Stationery Consumed Bad Debts Written off Rent paid Fixed Rentals Extra Usage
18.00 14.40 12.00 1.00 12.00 5.00 3.60 0.20 1.95 0.60 0.20
68.95
Group 4 Name Sachin Rajgor Jaydev Shethia Uday Darp Puneet Arora Minal Vichare Salil Kulkarni Dipthi Shetty