Final Accounts & Company Review

8/7/2019 Final Accounts & Company Review

1/13

Final Accounts & CompanyFinal Accounts & CompanyReview.Review.

GROUP MEMBERS:-

VISHAL JADHAV

NILESH WADHWA

PANKAJ KATHAYAT

RAVI GERA

MBA 2010


2/13

y INTRODUCTIONy

Definition of Accountingy Accounting is the art of recording, classifying and summarizing in a significantmanner and in terms of money, transactions and events which are, in part at least,

of financial character and interpreting the results thereof.

y Basic Steps of Accountingy Identifying the transaction and Events

y Measuring the identified transactions and events

y Recording

y Classifying

y Summarizing

y Analysis

y Interpretingy Communicating


3/13

Primary objective of AccountingPrimary objective of Accounting

y To maintain accounting records

y To calculate the results of operations

y To ascertain the financial position

y

To communicate the information to the usersAdvantages of Accounting

Facilitates to replace memory

Facilitates to comply with legal requirements

Facilitates to ascertain net result of operations

Facilitates to ascertain financial position

Facilitates the users to take decisions

Facilitates a comparative study


4/13

Branches of AccountingBranches of Accounting

y Facilitates control over Assets

y Facilitates the settlement of tax liability

y Facilitates the ascertainment of value of business

y Facilitates raising loans

CostAccounting

ManagementAccounting

SocialresponsibilityAccounting


5/13

Golden Rule of AccountingGolden Rule of Accounting

Personal

Debit thereceiver

Credit the

giver

Real

Debitwhat

comes in

Credit

what goesout

Nominal

Debit allexpensesand losses

Credit all

incomesand gains.


6/13

Type of Accounts Rules for credit Rules for Credit

For Assets Accounts Debit the increase Credit the decrease

For LiabilitiesAccounts

Debit the decrease Credit the increase

For Capital Accounts Debit the decrease Credit the increase

For Revenue Accounts Debit the decrease Credit the increase

For ExpensesAccounts

Debit the decrease Credit the decrease


7/13

Company ReviewCompany Review


8/13

y Thomas Cook AG : The company was founded by Thomas Cook, acabinet-maker, in 1841 to carry temperance supporters by railway

between the cities of Leicester, Nottingham, Derby andBirmingham

y Thomas Cook (India) Ltd.: The Company launched its Indian

operations in 1881.y Nature of business:

y Thomas Cook (India) operates in the following areas of business,namely: Leisure Travel, Corporate Travel Management, MICE,Foreign Exchange, SWIFT Network, Travel Insurance, CreditCards, Pre-Paid Cards, Life Insurance and E-Business.


9/13

Rupees in MillionYear ended Year ended

31st December, 2008 31st December, 2007

Revenues 2588 2230

Profit before axation and

Exceptional items

536 393

Provision for axation 187 72

Provision for Deferredaxation

(1) (25)

Provision for ringe

Benefit ax

16 12

Profit after axation and

beforeExceptional item

334 334

Exceptional item, net oftaxation

32 -

Profit after axation 302 334

ransferred from ReserveU/sec. 80 HHD of

the ncome ax Act, 1961

18 13

ransferred to General

Reserve

34 34

Proposed Dividend 93 124

EPS (Basic) afterexceptional items

1.78 1.76

EPS (Diluted) afterexceptional items

1.72 1.71


10/13

Yea ended Yea ended

31stDecembe 2009 31stDecembe 2008

Revenues 2247 2588

P o itbe o eTaxationand

exceptionalitems

341 536

P ovision fo Taxation 114 187

P ovision fo Defe ed

Taxation

4 (1

P ovision fo F inge

BenefitTax

1 16

P ofitafte Taxationand

befo eExceptionalitem

222 334

Exceptionalitem netof

taxation

- 32

P ofitafte Taxation 222 302

T ansfe ed fromReserve

U/sec 80 HHDofthe

IncomeTaxAct 1961

15 18

TransferredtoGeneral

Reserve

22 34

ProposedDividend * 80 93

EPS (Basic after

exceptionalitems

1 06 1 76

EPS (Diluted after

exceptionalitems

1 03 1 71


11/13

y Thomas Cook (India)

y BSE: 500413 NSE: THOMASCOOK

y Industry : Miscellaneous

y Balance Sheet -- in Rs. Cr. --

y Oct '05 Dec '06 Dec '07 Dec '08

Dec '09

y 12 mths 14 mths 12 mths 12 mths12 mths

y Sources OfFunds

y Total Share Capital 14.58 14.58 119.95121.67 21.74

y Equity Share Capital 14.58 14.58 16.0816.08 21.14

y Share Application Money 0.00 105.370.00 0.00 0.00

y Preference Share Capital 0.00 0.00

103.88 105.59 0.59

y Reserves 148.76 36.96 56.0175.71 250.79

y Revaluation Reserves 0.00 0.00 0.000.00 0.00

y Networth 163.34 156.91 175.96197.38 272.53

y Secured Loans 0.00 0.45 0.070.01 0.48

y Unsecured Loans 0.00 245.44 283.17257.40 167.10

y Total Debt 0.00 245.89 283.24

257.41 167.58

y Total Liabilities 163.34 402.80 459.20

454.79 440.11

Cox &KingsBSE: 533144 NSE: COX&KINGS

Industry : MiscellaneousBalance Sheet -- in Rs. Cr. --

Mar '06 Mar '07 Mar '08 Mar '09Mar '1012 mths 12 mths 12 mths 12

mths 12 mthsSources OfFunds

Total Share Capital 5.44 5.44 27.9327.93 62.92

Equity Share Capital 5.44 5.44 27.9327.93 62.92

Share Application Money 0.00 0.00 0.000.00 0.00

Preference Share Capital 0.00 0.00 0.000.00 0.00

Reserves 48.52 69.60 120.23 157.75

636.02Revaluation Reserves 0.00 0.00 0.00

0.00 0.00Networth 53.96 75.04 148.16 185.68

698.94

Secured Loans 45.75 27.21 50.2482.63 145.67

Unsecured Loans 18.59 30.00 71.30102.02 90.00

Total Debt 64.34 57.21 121.54 184.65235.67

Total Liabilities 118.30 132.25 269.70

370.33 934.61


12/13

y Oct '05 Dec '06 Dec '07Dec '08 Dec '09

y 12 mths 14 mths 12 mths12 mths 12 mths

y Application OfFunds

y Gross Block 88.93 100.10105.71 114.92 123.79

y Less: Accum. Depreciation 38.0844.75 49.93 55.9563.41

y Net Block 50.85 55.3555.78 58.97 60.38

y Capital Work in Progress 2.85

0.58 3.77 1.042.27

y Investments 19.09 202.46192.67 192.54 192.54

y Inventories 0.00 0.000.00 0.00 0.00

y Sundry Debtors 76.44 110.90140.31 105.69 172.12

y Cash and Bank Balance 81.64

158.43 143

.91 131

.75116.85

y Total Current Assets 158.08269.33 284.22 237.44288.97

y Loans and Advances 39.0353.67 81.02 91.1291.40

y Fixed Deposits 3.43 2.212.00 1.24 1.26

Mar '06 Mar '07 Mar '08 Mar '09 Mar

'1012 mths 12 mths 12 mths 12

mths 12 mthsApplication OfFunds

Gross Block 18.13 25.8430.93 39.95 44.29

Less: Accum. Depreciation 9.62

12.61 16.22 20.7624.94

Net Block 8.51 13.23 14.7119.19 19.35

Capital Work in Progress 4.57 0.572.54 3.66 7.34

Investments 35.87 61.7198.59 109.53 323.41

Inventories 1.14 1.90 4.053.53 5.58

Sundry Debtors 44.55 74.08154.22 184.96 209.03

Cash and Bank Balance 26.6015.42 35.06 27.58201.06

Total Current Assets 72.29 91.40193.33 216.07 415.67

Loans and Advances 90.22 95.63139.86 222.37 262.51

Fixed Deposits 0.00 0.00 0.000.00 0.00


13/13

y Total CA, Loans & Advances200.54 325.21 367.24329.80 381.63

y Deffered Credit 0.00 0.000.00 0.00 0.00

y Current Liabilities 103.35167.89 143.17 113.20184.73

y Provisions 6.64 12.9017.10 14.36 11.98

y Total CL & Provisions 109.99180.79 160.27 127.56

196.71

y Net Current Assets 90.55144.42 206.97 202.24184.92

y Miscellaneous Expenses 0.000.00 0.00 0.000.00

y Total Assets 163.34 402.81459.19 454.79 440.11

y Contingent Liabilities 11.269.38 12.03 28.9541.06

y Book Value (Rs) 112.0135.34 4.48 5.7112.86

Total CA, Loans & Advances 162.51187.03 333.19 438.44678.18

Deffered Credit 0.00 0.000.00 0.00 0.00

Current Liabilities 78.16 102.56132.70 129.04 77.07

Provisions 15.01 27.7246.65 71.45 16.59

Total CL & Provisions 93.17

130.28 179.35 200.4993.66

Net Current Assets 69.3456.75 153.84 237.95584.52

Miscellaneous Expenses 0.000.00 0.00 0.000.00

Total Assets 118.29 132.26269.68 370.33 934.62

Contingent Liabilities 0.000.00 0.00 0.0015.75

Book Value (Rs) 99.18 137.9453.05 66.49 111.08

Documents

Final Accounts & Company Review