Accounting 31/03/2016 31/03/2015

Code Rs'000 Rs'000

ae Advertising Expenses Rs. 202,500.00 Rs. 160,920.00
ap Accounts Payable Rs. 45,000.00 Rs. 79,500.00
ar Accounts Reseivable Rs. 75,000.00 Rs. 110,250.00
ba Bank Rs. 180,000.00 Rs. 133,500.00
bu Buildings W.D.V Rs. 2,100,000.00 Rs. 2,115,000.00
ce Commision Expenses Rs. 118,500.00 Rs. 195,000.00
ci Closing Inventory Rs. 169,500.00 Rs. 135,000.00
db Depreciation-Buildings Rs. 15,000.00 Rs. 15,000.00
de Depreciation-Equipment Rs. 7,500.00 Rs. 7,500.00
ee Electricity Expenses Rs. 180,000.00 Rs. 170,880.00
ep Electricity Payable Rs. 15,000.00 Rs. 14,250.00
eq Equipment W.D.V Rs. 750,000.00 Rs. 757,500.00
ie Interest Expenses Rs. 30,000.00 Rs. 28,500.00
ii Interest Income Rs. 198,000.00 Rs. 198,000.00
in Investment Rs. 750,000.00 Rs. 750,000.00
ll Long Term Loan Rs. 300,000.00 Rs. 300,000.00
op Opening Inventory Rs. 135,000.00 Rs. 103,950.00
os Stated Capital-Ordinary Shares Rs. 1,875,000.00 Rs. 1,875,000.00
pi Provision for Income Tax Rs. 31,500.00 Rs. 25,500.00
ps Stated Capital-Preference Shares Rs. 1,050,000.00 Rs. 1,050,000.00
pu Purchases Rs. 1,125,000.00 Rs. 1,036,500.00
re Retained profit B/F Rs. 657,000.00 Rs. 555,000.00
sa Sales Rs. 2,335,500.00 Rs. 2,051,250.00
sp Salaries Payable Rs. 37,500.00 Rs. -
ss Staff Salaries Rs. 750,000.00 Rs. 435,000.00
te Income Tax Expences Rs. 31,500.00 Rs. 25,500.00
tp Telephone Expenses Rs. 94,500.00 Rs. 103,500.00
 Nigro Company Vertical Analy
Income Statement For the Year End
31/03/2015 31/03/2016 2015
Sales 2051250 2335500 2051250
(-)Cost of Sale
Opening Inventory 103950 135000 103950
(+)Purchases 1036500 1125000 1036500

(-)Clossing Stock 135000 1005450 169500 1090500 135000

Gross profit 1045800 1245000 1005450
(+)Other Income 1045800
Interest Income 198000 198000 198000 198000 198000
1243800 1443000 1243800
Selling & Distribution Expenses
Advertising Expenses 160920 202500 160920
Commision Expenses 195000 118500 195000

Administrative Expenses
Depreciation-Buildings 15000 15000 15000
Depreciation-Equipment 7500 7500 7500
Electricity Expenses 170880 180000 170880
Staff Salaries 435000 750000 435000
Telephone Expenses 103500 94500 103500

Financial Expenses
Interest Expenses 28500 30000 28500

Other expenses
1116300 1398000 1116300
Profit before Tax 127500 45000 127500
(+)/(-)Income Tax 25500 31500 25500
Profit after Tax 102000 13500 102000
Retained Profit B/F 555000 657000 555000
657000 670500 657000
 Vertical Analysis 2015 2016

2015 2016 Gross Profit 1045800 1245000

100% 2335500 100% Profit Before Tax 127500 45000
Profit After Tax 102000 13500
5% 135000 6%
51% 1125000 48%

7% 169500 7%
49% 1090500 47%
51% 1245000 53%
10% 198000 8%
61% 1443000 62%

8% 202500 9%
10% 118500 5%

1% 15000 1%
0% 7500 0%
8% 180000 8%
21% 750000 32%
5% 94500 4%

1% 30000 1%

54% 1398000 60%

6% 45000 2%
1% 31500 1%
5% 13500 1%
27% 657000 28%
32% 670500 29%
 Niro Company
Balance Sheet as at year ended Rs'000
31/03/2015 31/03/2016

Acc.
Acc. Deprecia
Cost Depreciation Net Value Cost tion Net Value
Assets
Non-current Assets
Buildings W.D.V 2115000 2100000
Equipment W.D.V 757500 750000

Investment 750000 750000

Current Assets 3622500 3600000
Closing Inventory 135000 169500
Accounts Reseivable 110250 75000
Bank 133500 378750 180000 424500
4001250 4024500
Equity & Liabilities
Stated Capital
Ordinary Shares 1875000 1875000
Preferences Shares 1050000 1050000

Resevers
Retained Profit 657000 3582000 670500 3595500

Non-current Liabilities
Long Term Loan 300000 300000 300000 300000

Current Liabilities
Accounts Payable 79500 45000
Salaries Payable 37500
Electricity Payable 14250 15000
Provision for Income Tax 25500 119250 31500 129000
4001250 4024500
 Ratio
Current Ratio= Current Asstes/Current Liabilities
329%

Gross Profit Ratio= Gross Profit/Net Sales

53%

Debtors Turnover Ratio= Net Credit Sales/Average Debtors

2215%

Average Debtors= Opening Debtors+Closing Debtors/2

185250
92625

Interest Coverage Ratio= Earning before interest & Taxes/Interest

50%

Earning before Interest & Tax= Earning Befire Tax-Interest

15000
Loan 1500000
Year 4
Interest 15%

Monthly Payments (Rs.41,746.12)

Months Beginning Capital Monthly Instament Interest Payment

1 Rs. 1,500,000.00 (Rs.41,746.12) (Rs.18,750.00)
2 Rs.1,522,996.12 (Rs.41,746.12) (Rs.18,462.55)
3 Rs.1,546,279.70 (Rs.41,746.12) (Rs.18,171.50)
4 Rs.1,569,854.31 (Rs.41,746.12) (Rs.17,876.82)
5 Rs.1,593,723.62 (Rs.41,746.12) (Rs.17,578.45)
6 Rs.1,617,891.28 (Rs.41,746.12) (Rs.17,276.36)
7 Rs.1,642,361.05 (Rs.41,746.12) (Rs.16,970.49)
8 Rs.1,667,136.68 (Rs.41,746.12) (Rs.16,660.79)
9 Rs.1,692,222.01 (Rs.41,746.12) (Rs.16,347.22)
10 Rs.1,717,620.91 (Rs.41,746.12) (Rs.16,029.74)
11 Rs.1,743,337.30 (Rs.41,746.12) (Rs.15,708.28)
12 Rs.1,769,375.13 (Rs.41,746.12) (Rs.15,382.81)
13 Rs.1,795,738.45 (Rs.41,746.12) (Rs.15,053.27)
14 Rs.1,822,431.30 (Rs.41,746.12) (Rs.14,719.61)
15 Rs.1,849,457.81 (Rs.41,746.12) (Rs.14,381.78)
16 Rs.1,876,822.16 (Rs.41,746.12) (Rs.14,039.72)
17 Rs.1,904,528.56 (Rs.41,746.12) (Rs.13,693.39)
18 Rs.1,932,581.29 (Rs.41,746.12) (Rs.13,342.73)
19 Rs.1,960,984.67 (Rs.41,746.12) (Rs.12,987.69)
20 Rs.1,989,743.10 (Rs.41,746.12) (Rs.12,628.21)
21 Rs.2,018,861.02 (Rs.41,746.12) (Rs.12,264.24)
22 Rs.2,048,342.90 (Rs.41,746.12) (Rs.11,895.71)
23 Rs.2,078,193.31 (Rs.41,746.12) (Rs.11,522.58)
24 Rs.2,108,416.85 (Rs.41,746.12) (Rs.11,144.79)
25 Rs.2,139,018.18 (Rs.41,746.12) (Rs.10,762.27)
26 Rs.2,170,002.03 (Rs.41,746.12) (Rs.10,374.97)
27 Rs.2,201,373.18 (Rs.41,746.12) (Rs.9,982.84)
28 Rs.2,233,136.47 (Rs.41,746.12) (Rs.9,585.79)
29 Rs.2,265,296.79 (Rs.41,746.12) (Rs.9,183.79)
30 Rs.2,297,859.13 (Rs.41,746.12) (Rs.8,776.76)
31 Rs.2,330,828.49 (Rs.41,746.12) (Rs.8,364.64)
32 Rs.2,364,209.97 (Rs.41,746.12) (Rs.7,947.38)
33 Rs.2,398,008.71 (Rs.41,746.12) (Rs.7,524.89)
34 Rs.2,432,229.95 (Rs.41,746.12) (Rs.7,097.13)
35 Rs.2,466,878.94 (Rs.41,746.12) (Rs.6,664.01)
36 Rs.2,501,961.05 (Rs.41,746.12) (Rs.6,225.49)
37 Rs.2,537,481.69 (Rs.41,746.12) (Rs.5,781.48)
38 Rs.2,573,446.33 (Rs.41,746.12) (Rs.5,331.92)
39 Rs.2,609,860.53 (Rs.41,746.12) (Rs.4,876.74)
40 Rs.2,646,729.91 (Rs.41,746.12) (Rs.4,415.88)
41 Rs.2,684,060.16 (Rs.41,746.12) (Rs.3,949.25)
42 Rs.2,721,857.03 (Rs.41,746.12) (Rs.3,476.79)
43 Rs.2,760,126.37 (Rs.41,746.12) (Rs.2,998.42)
44 Rs.2,798,874.07 (Rs.41,746.12) (Rs.2,514.07)
45 Rs.2,838,106.12 (Rs.41,746.12) (Rs.2,023.67)
46 Rs.2,877,828.57 (Rs.41,746.12) (Rs.1,527.14)
47 Rs.2,918,047.55 (Rs.41,746.12) (Rs.1,024.41)
48 Rs.2,958,769.26 (Rs.41,746.12) (Rs.515.38)
Capital Payment Ending Balance
(Rs.22,996.12) Rs.1,522,996.12
(Rs.23,283.57) Rs.1,546,279.70
(Rs.23,574.62) Rs.1,569,854.31
(Rs.23,869.30) Rs.1,593,723.62
(Rs.24,167.67) Rs.1,617,891.28
(Rs.24,469.76) Rs.1,642,361.05
(Rs.24,775.64) Rs.1,667,136.68
(Rs.25,085.33) Rs.1,692,222.01
(Rs.25,398.90) Rs.1,717,620.91
(Rs.25,716.38) Rs.1,743,337.30
(Rs.26,037.84) Rs.1,769,375.13
(Rs.26,363.31) Rs.1,795,738.45
(Rs.26,692.85) Rs.1,822,431.30
(Rs.27,026.51) Rs.1,849,457.81
(Rs.27,364.35) Rs.1,876,822.16
(Rs.27,706.40) Rs.1,904,528.56
(Rs.28,052.73) Rs.1,932,581.29
(Rs.28,403.39) Rs.1,960,984.67
(Rs.28,758.43) Rs.1,989,743.10
(Rs.29,117.91) Rs.2,018,861.02
(Rs.29,481.89) Rs.2,048,342.90
(Rs.29,850.41) Rs.2,078,193.31
(Rs.30,223.54) Rs.2,108,416.85
(Rs.30,601.33) Rs.2,139,018.18
(Rs.30,983.85) Rs.2,170,002.03
(Rs.31,371.15) Rs.2,201,373.18
(Rs.31,763.29) Rs.2,233,136.47
(Rs.32,160.33) Rs.2,265,296.79
(Rs.32,562.33) Rs.2,297,859.13
(Rs.32,969.36) Rs.2,330,828.49
(Rs.33,381.48) Rs.2,364,209.97
(Rs.33,798.75) Rs.2,398,008.71
(Rs.34,221.23) Rs.2,432,229.95
(Rs.34,649.00) Rs.2,466,878.94
(Rs.35,082.11) Rs.2,501,961.05
(Rs.35,520.64) Rs.2,537,481.69
(Rs.35,964.64) Rs.2,573,446.33
(Rs.36,414.20) Rs.2,609,860.53
(Rs.36,869.38) Rs.2,646,729.91
(Rs.37,330.25) Rs.2,684,060.16
(Rs.37,796.87) Rs.2,721,857.03
(Rs.38,269.34) Rs.2,760,126.37
(Rs.38,747.70) Rs.2,798,874.07
(Rs.39,232.05) Rs.2,838,106.12
(Rs.39,722.45) Rs.2,877,828.57
(Rs.40,218.98) Rs.2,918,047.55
(Rs.40,721.72) Rs.2,958,769.26
(Rs.41,230.74) Rs.3,000,000.00
 Adjusement Trial Balance
Particulars Dr Cr Dr Cr
B capital Rs. 425,000.00
B Drawings Rs. 20,500.00
B Trade Debtors Rs. 45,800.00
B Trade Creditors Rs. 38,600.00
B Buildings Rs. 257,000.00
I Purchase Rs. 275,800.00
I Salaries Rs. 97,500.00
I Opening Stock Rs. 37,500.00
B Bank Rs. 36,450.00
B Equipment Rs. 61,500.00 Rs. 6,150.00
I Electricity Rs. 22,500.00 Rs. 2,500.00
I Telephone Rs. 5,500.00
I Wages Rs. 4,600.00
I Rent and Taxes Rs. 10,350.00 Rs. 650.00
I Sales Rs. 411,400.00
B Prepaid Electricity Rs. 2,500.00
B Rent & Tax Payable Rs. 650.00
I Closing Stock (TR) Rs. 28,000.00
B Closing Stock (BC) Rs. 28,000.00
I Deperciation Equ Rs. 6,150.00
Profit & Loss
Rs. 875,000.00 Rs. 875,000.00 Rs. 37,300.00 Rs. 37,300.00
 Adjusted Trial Balance Income Statement Balance Sheet
Dr Cr Dr Cr Dr Cr
Rs. - Rs. 425,000.00 Rs. - Rs. Rs. - - Rs. 425,000.00
Rs. 20,500.00 Rs. - Rs. - Rs. -
Rs. 20,500.00 Rs. -
Rs. 45,800.00 Rs. - Rs. - Rs. -
Rs. 45,800.00 Rs. -
Rs. - Rs. 38,600.00 Rs. - Rs. Rs. - - Rs. 38,600.00
Rs. 257,000.00 Rs. - Rs. - Rs. -
Rs. 257,000.00 Rs. -
Rs. 275,800.00 Rs. - Rs. 275,800.00 Rs. Rs. - - Rs. -
Rs. 97,500.00 Rs. - Rs. 97,500.00 Rs. Rs. - - Rs. -
Rs. 37,500.00 Rs. - Rs. 37,500.00 Rs. Rs. - - Rs. -
Rs. 36,450.00 Rs. - Rs. - Rs. -
Rs. 36,450.00 Rs. -
Rs. 55,350.00 Rs. - Rs. - Rs. -
Rs. 55,350.00 Rs. -
Rs. 20,000.00 Rs. - Rs. 20,000.00 Rs. Rs. - - Rs. -
Rs. 5,500.00 Rs. - Rs. 5,500.00 Rs. Rs. - - Rs. -
Rs. 4,600.00 Rs. - Rs. 4,600.00 Rs. Rs. - - Rs. -
Rs. 11,000.00 Rs. - Rs. 11,000.00 Rs. Rs. - - Rs. -
Rs. - Rs. 411,400.00 Rs. - Rs. 411,400.00
Rs. - Rs. -
Rs. 2,500.00 Rs. - Rs. - Rs. Rs. -
2,500.00 Rs. -
Rs. - Rs. 650.00 Rs. - Rs. Rs. - - Rs. 650.00
Rs. - Rs. 28,000.00 Rs. - Rs. 28,000.00
Rs. - Rs. -
Rs. 28,000.00 Rs. - Rs. - Rs. -
Rs. 28,000.00 Rs. -
Rs. 6,150.00 Rs. - Rs. 6,150.00 Rs. Rs. - - Rs. -
Rs. 18,650.00
Rs. 903,650.00 Rs. 903,650.00 Rs. 458,050.00 Rs. 439,400.00 Rs. 464,250.00 Rs. 464,250.00
 North-West Region Sales & Expenses Year 2016)
Product Sales (Units) 1Qtr 2Qtr 3Qtr 4Qtr Total
Retailers Rs. 2,000.00 Rs. 3,000.00 Rs. 4,000.00 Rs. 5,000.00 Rs. 14,000.00
Distributors Rs. 5,000.00 Rs. 7,000.00 Rs. 6,000.00 Rs. 8,000.00 Rs. 26,000.00
Other Rs. 2,500.00 Rs. 4,600.00 Rs. 4,500.00 Rs. 1,500.00 Rs. 13,100.00
Salers Prices Rs. 10.00 Rs. 12.50 Rs. 13.00 Rs. 9.00 Rs. 44.50
TotalSales Rs. 95,000.00 Rs. 182,500.00 Rs. 188,500.00 Rs. 130,500.00 Rs. 596,500.00
Curnulative Rs. 95,000.00 Rs. 277,500.00 Rs. 466,000.00 Rs. 596,500.00 Rs. 1,435,000.00
Selling Expenses Rs. 2,850.00 Rs. 5,475.00 Rs. 5,655.00 Rs. 3,915.00 Rs. 17,895.00
Labour Rs. 1,900.00 Rs. 3,650.00 Rs. 1,885.00 Rs. 3,915.00 Rs. 11,350.00
Travel Rs. 950.00 Rs. 3,650.00 Rs. 1,885.00 Rs. 2,610.00 Rs. 9,095.00
Samples Rs. 1,425.00 Rs. 2,737.50 Rs. 2,827.50 Rs. 1,957.50 Rs. 8,947.50
Freight Rs. 19,000.00 Rs. 40,150.00 Rs. 43,355.00 Rs. 31,320.00 Rs. 133,825.00
Postage Rs. 1,900.00 Rs. 1,825.00 Rs. 5,655.00 Rs. 5,220.00 Rs. 14,600.00
Commission Rs. 9,500.00 Rs. 21,900.00 Rs. 26,390.00 Rs. 20,880.00 Rs. 78,670.00
Total Expenses Rs. 37,525.00 Rs. 79,387.50 Rs. 87,652.50 Rs. 69,817.50 Rs. 274,382.50
Curnulative Rs. 37,525.00 Rs. 116,912.50 Rs. 204,565.00 Rs. 274,382.50 Rs. 633,385.00
Profit /(Loss) Rs. 57,475.00 Rs. 103,112.50 Rs. 100,847.50 Rs. 60,682.50 Rs. 322,117.50
Curnulative Rs. 57,475.00 Rs. 160,587.50 Rs. 261,435.00 Rs. 322,117.50 Rs. 801,615.00
Selling Expenses 3% 3% 3% 3%
Labour 2% 2% 1% 3%
Travel 1% 2% 1% 2%
Samples 1.50% 1.50% 1.50% 1.50%
Freight 20% 22% 23% 24%
Postage 2% 1% 3% 4%
Commission 10% 12% 14% 16%