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7/25/2019 Excel for Financial Statement
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Cost of Project and Means of Finance
(Rs. In million
Land and site development 50
Building 200
Plant and machinery 150
Miscellaneous fxed assets 10
Preliminary expenses 10
50
Contingency margin 20
Woring capital margin 5!"5
TOTAL !"#.$#
(Rs. In million
#hare capital $50
%erm loans $5!"5
0
!"#.$#
1&
0!5
2
12'
Mont%s
1!5
Pre(operative expenses) including interest duringconstruction*
T%e &ro&osed means of'nance
#tate government+s specialincentive loan ) ,epaya-le in &instalments a.ter 12 years*
/o!o. eual term loaninstalments
Period o. each instalment inyears
irst instalment .alling due atthe end o. operating year
nterest rate on the outsandingterm loan amount
Crrent asset)lia*ilit+re,irements
,a3 materials)includingconsuma-les*
7/25/2019 Excel for Financial Statement
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#toc(in( process 0!04
inished goods 0!5
Boo de-t 1!0
%rade credit 0!5
10
pplica-le income tax rate 40'
0'
E-%i*it A./ 0 Interest o
1ear
1 $5!"5 $5!"5
2 $5!"5 $5!"5
4 $2!6"$475 $0!11"75
$ 47!254125 4$!4"75
5 41!521"75 2"!&5&25
& 25!760&25 22!6257 20!056475 17!16475
" 1$!42"125 11!$&25
6 "!56&"75 5!74125
10 2!"&5&25 0
1ear / 2
nstalled capacity)%P* 5000 5000
Production)%P* 4500 $000
Capacity utilisation 70' "0'
#ales realisation),s!million* 170&2!50 16500!00
E-%i*it A.2 0 3or4in5 Ca&ital Re,irem
/o! o. eual annual instalmentsin 3hich preliminary expenses3ill -e 3ritten o8
9eduction allo3ed on :ross totalincome
Loan o)s at t%e*e5innin5
Loan o)s att%e end of t%e'rst %alf +ear
Norms in
7/25/2019 Excel for Financial Statement
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Item /
0!5 0!01
#oc(in(process 0!04 1!&&
inished goods 0!04 1!&&
Boo de-ts 1 0!00%otal current assets 4!44
0 0!00
0!5 0!01
Ban fnance .or 3oring capital 0 4!4$
6e&reciation sc%edle f
1ear / 2
Building 24!$15 21!074
2"!06" 24!""4
%otal 51!512 $$!65&
E-%i*it A
1ear / 2
! #ales realisation 170&2!50 16500!00
B!Cost o. production
,a3 materials &&!5$ 7&!05
Po3er 0!00 0!00
Wages and salaries 75&!00 "41!&0
actory overheads 0!50 0!54
%ransportation 150!00 1&0!00
dvertisement ;xpeses 1&"!00 151!20
dministration expenses 1!00 1!10
#elling expenses 170&!25 1650!00
9! :ross proft -e.ore interest 1$542!21 1&&$0!72
mont%s
,a3 materials)includingconsuma-les*
Less< Margin .or 3oring capital.rom long(term sources)25' o.total current assets*Less< %rade credit .or ra3materials and consuma-lestores
Plant = machinery = misc! fxedassets
expenses
7/25/2019 Excel for Financial Statement
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;! %otal fnancial expenses
nterest on term loans 5!50 5!50
nerest on -an -orro3ing 0!$4 0!$6
!9epreciation 21!72 21!72
:! >perating proft 1$50$!55 1&&14!00
1!00 1!00
! Proft?Loss -e.ore tax 1$504!55 1&&12!00
@! Provision .or tax $4$2!14 $67&!&4
A! Proft a.ter tax 101&1!$2 11&45!47
L! Less< 9ividend $0&$!5&625"667& $&5$!1$656$"$
M! ,etained proft &06&!"5 &6"1!22
/! dd< 9epreciation 21!72 21!72
Preliminary expenses 3ritten o8 1 1
>! /et cash accruals &116!57 7004!6$
1ear / 2
Proft?loss -e.ore tax 1$504!55 1&&12!00
21!72 21!72
1$525!27 1&&44!72
51!51 $$!6&
1$$74!7& 1&5""!77
:ross total income 1$$74!7& 1&5""!77
%otal income 1$$74!7& 1&5""!77
ncome tax 40' $4$2!14 $67&!&4
E-%i*it A.9 0 Proje
1ear /
#ources o. unds
#hare issue $50
2!10
9epreciation 21!72
! Preliminary expenses 3ritteno8
dd< depreciation .or companyla3 purposes
Less< depreciation .or taxpurposes
Less< una-sor-ed depreciationo. earlier years
Less deduction u?s "0 at 40'.rom gross total income .or 10years
Constrction&eriod
Proft -e.ore taxation 3ithinterest added -ac
7/25/2019 Excel for Financial Statement
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Preliminary expenses 3ritten o8 1
$5!"5
4!4$
0
%otal ) * $65!"5 2"!1&
9isposition o. unds
$"0!00
ncrease in 3oring capital 4!44
Preliminary expenses 10!00
nterest on term loans 5!50
0!$4
%axation $4$2!14
9ividend $0&$!57
%otal )B* $60!00 "$15!6&
5!"5
/et surplus?defcit)(B* 5!"5 )"4"7!"0*
5!"5 )"4"1!65*
E-%i*it A.$ 0
/
Lia*ilities
#hare capital $50 $50
,eserves and surplus 0!00
#ecured loans%erm loans $5!"5 $5!"5
Woring capital advance 4!4$
Dnsecured loans
#tate :ovt! loan 0 0
Current lia-ilities = Provisions
%rade credit 0!01
ncrease in secured medium andlong( term -orro3ings
ncrease in -an -orro3ings .or3oring capital
ncrease in the #tate :ovt+s#pecial ncentive Loan
Capital expenditure .or theproEect
9ecrease in secured medium =long term -orro3ings
nterest on -an -orro3ings .or3oring capital
>pening -alance o. cash in handand at -an
Closing -alance o. cash in hand
and at -an
At t%e end oft%e constrction
&eriod
7/25/2019 Excel for Financial Statement
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%otal $65!"5 0!00
Assets
ixed assets
:ross -loc $"0!00 $"0!00
Less< ccumulated depreciation 21!72
/et fxed assets $"0!00 $5"!2"
nvestments
,a3 materials 0!01
#toc(in(process 1!&&
inished goods 1!&&
Boo de-ts 0!00
Cash = -an -alances 5!"5 ("4"1!65
Misc! expenditure = losses
Preliminary expenses 10!00 6!00%otal $65!"5 (7611!44
Current assetsF loans andadvances
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FINANCIAL PROJECTIONS
:asic Assm&tions
nstalled capacity in gs 5000
1ear
1 70'
2 "0'
4 60'
on3ards
price $"75
ra3 material cost 4600 ra3 material
3orer
processing( ot
1 75&!0 fnish ru--er
2 10!0 total cost
4 12!0 price
5' gain(loss
1 0!5
&'
1!0
10'
14'
6e&reciation rates for
Ca&acit+tilisation
3a5es ; salaries drin5o&eratin5 +ear
(Rs. Inmillion
ncrement per year .rom $thyear
Factor+ o8er%eade-&enses in +ear
(Rs. Inmillion
ncrement per year .rom 2ndyear
dministrative expenses peryear in ,s!million
#elling expenses per year in,s!as a percentage o. sales
nterest rate on 3oringfnance
Com&an+la7&r&oses ! #
5000 5000 5000 5000
$500 $500 $500 $500
60' 60' 60' 60'
21647!50 21647!50 21647!50 2164750!00
E-%i*it A.>0
nts (Rs.in million
1ears
Planned to -e paid .rom theyear
,ate o. dividend planned .orthe second year
ncrease proposedtherea.ter once in years
Loan o)s at t%e end oft%e second %alf +ear
Interest fort%e 'rst%alf +ear
Interestfor t%esecond%alf +ear
Totalinterest fort%e termloan
Assete-&enses
7/25/2019 Excel for Financial Statement
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2 > Land
0!01 45!&5 Building
1!60 GHLD;I
1!60 2!1$
0!00 0!004!"1 GHLD;I 6
0!00 0!00 Building
0!01 45!&5
4!"0 GHLD;I
r income ta- &r&oses ( 3ritten do7n 8ale met%od
> ! #
1"!6&& 17!0&6 15!4&2 14!"2&
20!400 s 1$!&&7 12!$&7
46!2&& 17!0&6 40!026 2&!264
.# Pro'ta*ilit+ Estimates (Estimates of 3or4in5 Reslts
> ! #
21647!50 21647!50 21647!50 2164750!00
"5!5& "5!5& "5!5& "555!&4
0!00 0!00 0!00 0!00
61$!7& 100&!2$ 110&!"& 14!"6
0!5& 0!&0 0!&4 0!&7
170!00 1"0!00 160!00
14&!0" 122!$7 110!22
1!21 1!44 1!$& 1!$&
2164!75 2164!75 2164!75 216475!00
1"7$1!&& 1"&50!04 1"5$6!2$ 16&5"04!45
Plant =machinery
Misc!fxedassets
Plant =machinery
Misc!fxedassets
nnualdepreciation
7/25/2019 Excel for Financial Statement
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$!66 $!40 4!&1 2!62
GHLD;I GHLD;I GHLD;I GHLD;I
21!72 21!72 21!72 21!72
GHLD;I GHLD;I GHLD;I GHLD;I
1!00 1!00 1!00 1!00
GHLD;I GHLD;I GHLD;I GHLD;I
GHLD;I GHLD;I GHLD;I GHLD;I
GHLD;I GHLD;I GHLD;I GHLD;I
$&5$!1$656$"$$& &4 &4 72
GHLD;I GHLD;I GHLD;I GHLD;I
21!72 21!72 21!72 21!72
1 1 1 1
GHLD;I GHLD;I GHLD;I GHLD;I
E-%i*it A. 0 Ta- Calclation ( Rs. In million
> ! #
GHLD;I GHLD;I GHLD;I GHLD;I
21!72 21!72 21!72 21!72
GHLD;I GHLD;I GHLD;I GHLD;I
46!27 17!07 40!04 2&!26
GHLD;I GHLD;I GHLD;I GHLD;I
GHLD;I GHLD;I GHLD;I GHLD;I
GHLD;I GHLD;I GHLD;I GHLD;I
GHLD;I GHLD;I GHLD;I GHLD;I
ted Cas% Flo7 Statements
2 > ! #
1&&1"!00 GHLD;I GHLD;I GHLD;I
21!72 21!72 21!72 21!72
7/25/2019 Excel for Financial Statement
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1 1 1 1
0!$& GHLD;I
1&&$1!1" GHLD;I GHLD;I GHLD;I
0!$" GHLD;I
2!"7 5!74 5!74 5!74
5!50 $!66 $!40 4!&1
0!$6 GHLD;I GHLD;I GHLD;I
$67&!&4 GHLD;I GHLD;I GHLD;I
$&5$!15 $&5$!15 &4!00 &4!00
6&$0!12 GHLD;I GHLD;I GHLD;I
)"4"1!65* )14"0!"6* GHLD;I GHLD;I
7001!0& GHLD;I GHLD;I GHLD;I
)14"0!"6* GHLD;I GHLD;I GHLD;I
rojected :alance S%eets
1ears
2 > ! #
$50 $50 $50 $50
0!70 GHLD;I GHLD;I GHLD;I
$2!6" 47!25 41!52 25!76
4!"0 GHLD;I GHLD;I GHLD;I
0 0 0 0
0!01 45!&5 45!&5 45!&5
7/25/2019 Excel for Financial Statement
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$67!$6 GHLD;I GHLD;I GHLD;I
$"0!00 $"0!00 $"0!00 $"0!00
$4!$$ &5!1& "&!"" 10"!&0
$4&!5& $1$!"$ 464!12 471!$0
0!01 45!&5 45!&5 45!&5
1!60 GHLD;I GHLD;I GHLD;I
1!60 2!1$ 2!1$ 2!1$
0!00 0!00 0!00 0!00
(14"0!"6 GHLD;I GHLD;I GHLD;I
"!00 7!00 &!00 5!00(642!51 GHLD;I GHLD;I GHLD;I
7/25/2019 Excel for Financial Statement
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2000
500
$00
1000
4600
$"75
675
7/25/2019 Excel for Financial Statement
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9 $ " /?
5000 5000 5000 5000
$500 $500 $500 $500
60' 60' 60' 60'
2164750!00 2164750!00 2164750!00 2164750!00
6e&reciation Sc%edles (Rs.in million
Asset 8alation for de&reciation &r&oses
:asic cost Total
&reo&erati8ecost
contin5enc+mar5in
7/25/2019 Excel for Financial Statement
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50 &!10 2!$$ 5"!5$
200 2$!46 6!7& 24$!15
150 1"!26 7!42 175!&1
10 1!22 0!$6 11!71
&reciation sc%edle for Com&an+ La7 &r&oses
4!4$' 7!"2 (Rs.in millions
7!$2' 14!04
7!$2' 0!"7
21!72
(Rs.in millions
9 $ " /?
12!$$4 11!166 10!076 6!071
10!567 6!007 7!&5& &!50"
24!0$0 20!207 17!74& 15!576
( Rs. In millions
9 $ " /?
2164750!00 2164750!00 2164750!00 2164750!00
"555!&4 "555&25000!00 "555&25000!00 GGG
0!00 0!00 0!00 0!00
1$!56 15!42 1&!0" 1&!"6
0!71 0!75 0!"0 0!"$
1!$& 1!$& 1!$& 1!$&
216475!00 216475!00 216475!00 216475!00
16&5"02!&2 ("554&50&$2!54 ("554&50&$4!4$ GGG
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2!2$ 1!55 0!"& 0!17
GHLD;I GHLD;I GHLD;I GHLD;I
21!72 21!72 21!72 21!72
GHLD;I GHLD;I GHLD;I GHLD;I
1!00 1!00 1!00 1!00
GHLD;I GHLD;I GHLD;I GHLD;I
GHLD;I GHLD;I GHLD;I GHLD;I
GHLD;I GHLD;I GHLD;I GHLD;I
72 "1 "1 60
GHLD;I GHLD;I GHLD;I GHLD;I
21!72 21!72 21!72 21!72
1 1 1 1
GHLD;I GHLD;I GHLD;I GHLD;I
9 $ " /?
GHLD;I GHLD;I GHLD;I GHLD;I
21!72 21!72 21!72 21!72
GHLD;I GHLD;I GHLD;I GHLD;I
24!0$ 20!21 17!7$ 15!5"
GHLD;I GHLD;I GHLD;I GHLD;I
GHLD;I GHLD;I GHLD;I GHLD;I
GHLD;I GHLD;I GHLD;I GHLD;I
GHLD;I GHLD;I GHLD;I GHLD;I
( Rs. In million
9 $ " /?
GHLD;I GHLD;I GHLD;I GHLD;I GGG
21!72 21!72 21!72 21!72 21!72
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1 1 1 1 1
GHLD;I GHLD;I GHLD;I GHLD;I GGG
5!74 5!74 5!74 5!74 2!"7
2!62 2!2$ 1!55 0!"& 0!17
GHLD;I GHLD;I GHLD;I GHLD;I GGG
GHLD;I GHLD;I GHLD;I GHLD;I GGG
72!00 72!00 "1!00 "1!00 60!00
GHLD;I GHLD;I GHLD;I GHLD;I GGG
GHLD;I GHLD;I GHLD;I GHLD;I GGG
GHLD;I GHLD;I GHLD;I GHLD;I GGG
GHLD;I GHLD;I GHLD;I GHLD;I GGG
( Rs.in million
9 $ " /?
$50 $50 $50 $50 $50
GHLD;I GHLD;I GHLD;I GHLD;I GGG
20!0& 1$!44 "!&0 2!"7 0!00
GHLD;I GHLD;I GHLD;I GHLD;I GGG
0 0 0 0 0
45!&5 45!&5 45!&5 45!&5 45!&5
7/25/2019 Excel for Financial Statement
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GHLD;I GHLD;I GHLD;I GHLD;I GGG
$"0!00 $"0!00 $"0!00 $"0!00 $"0!00
140!42 152!0$ 174!7& 165!$7 217!16
4$6!&" 427!6& 40&!2$ 2"$!54 2&2!"1
45!&5 45!&5 45!&5 45!&5 45!&5
GHLD;I GHLD;I GHLD;I GHLD;I GGG
2!1$ 2!1$ 2!1$ 2!1$ 2!1$
0!00 0!00 0!00 0!00 0!00
GHLD;I GHLD;I GHLD;I GHLD;I GGG
$!00 4!00 2!00 1!00 0!00GHLD;I GHLD;I GHLD;I GHLD;I GGG
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(Rs.in millions
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year1 year2 year3 year4 year5Sales 31200000 35256000 39839280 45018386 50870777
Service 4500000 5085000 5746050 6493037 7337131
total income 35700000 40341000 45585330 51511423 58207908
cost 0 0 0 0
rent 2000000 2260000 2553800 2885794 3260947
emp.cost 13000000 14690000 16599700 18757661 21196157
ope.cost 1560000 1762800 1991964 2250919 2543539
vpc 29913600 33802368 38196676 43162244 48773335