R.S hal.docx

8/14/2019 R.S hal.docx

1/20

BALANCE SHEET

As at 31st March 2012( Rs in Lakhs)


2/20

PARTICULARS NoteNo.

31st Mar2012

31st Mar 201

I. Equity and Liabilities

(1) Shareholders' Funds

(a) Share Capital 1 - 7,400.38 - 738.09

(b) Reserves and Surplus 2 16,656.03 13,274.19

(c) Money received against Share Warrants - -

Sub Total 9,255.65 12,536.10

(2)Share Application Money PendingAllotment

- -

(3) Non Current Liabilities

(a) Long Term Borrowings 3 12.51 13.37

(b) Deferred Tax Liabilities(Net) 4

(c) Other Long Term Liabilities 5 28,160.21 52,188.41

(d) Long Term Provisions 6 5,391.18 4,789.53

Sub Total 33,563.90 56,991.31

(4) Current Liabilities

(a) Short Term Borrowings 7 6.37 221.76(b) Trade Payables 8 4,294.04 4,478.43

(c) Other Current Liabilities 9 189,524.63 137,024.77

(d) Short Term Provisions 10 8,274.21 5,078.98

Sub Total 202,099.25 146,803.94

Total I (1+2+3+4) 244,918.80 216,331.35

I. Assets

(1) Non-Current Assets

(a) Fixed Assets

(i) Tangible Assets

Gross Block 11 A 20,517.98 20,201.20

Less : Accumulated Depreciation 11 B 11,984.74 10,967.79

Net Block 8,533.24 9,233.41

(ii) Intangible Assets

Gross Carrying Amount 11 C 463.09 463.09Less: Cumulative Amortisation andImpairment Loss

11 D 386.68 260.90

Net Carrying Amount 76.41 202.19

(iii) Capital Work-in-Progress 12 496.55 182.84

(b) Non-Current Investments 13

(c) Long Term Loans and Advances 14 243.75 223.77

(d) Other Non-Current Assets 15 53,712.98 51,359.80

Sub Total 63,062.93 61,202.01

(2) Current Assets

(a) Current Investments 16 - -

(b) Inventories 17 149,647.09 126,519.24

(c) Trade Receivables 18 23,040.18 15,048.36

(d) Cash and Cash Equivalents 19 894.16 12.20

(e) Short Term Loans and Advances 201,570.91 6,928.45

(f) Other Current Assets 21 6,703.53 6,621.10

Sub Total 181,855.87 155,129.35

Total II (1+2) 244,918.80 216,331.35

Notes on Accounts 34

0.00 0.00


3/20

HINDUSTAN AERONAUTICS LIMITED , LUCKNOWSTATEMENT OF PROFIT AND LOSS

For the year ended 31st March 2012 (Rs in Lakhs

S. No. PARTICULARSNote

No.

31st Mar

2012

31st Mar

2011I. Revenue from Operations 22 73,221.52 59,261.51

Less: Excise Duty

Net Revenue from Operations 73,221.52 59,261.51

IFD sale 22A 117.88 358.72

II Other Income 23 1,753.81 4,907.07

IICharges received on inter Divisional

Transfers23A 11.79 35.87

III Total Revenue (I+II) 75,105.00 64,563.17

IV Expenses

Cost of Materials Consumed 24 33,170.02 33,666.25

Purchase of Stock-in-Trade 24 A

Changes in Inventories of FinishedGoods Work-in-Progress and Stock-in-Trade

25 -15,260.34

- 16,678

Employee Benefits Expenses 26 23,876.75 24,250.12

Finance Costs 27

Depreciation and Amortization Expenses 28 5,102.16 4,233.37

Other Expenses 29 6,763.79 6,232.75

Charges paid on inter DivisionalTransfer

29A 191.26 152.46

Direct Input to WIP/ ExpensesCapitalized

30 1,690.33 791.80

Provisions 31 4,583.66 2,242.80

Inter Services and common services 31A 766.73 754.74

Total Gross Expenses 60,884.36 55,645.38

Deduct :Expenditure relating to Capitalaccount & others

32 2,435.39 4,356.40

Total Net Expenses 58,448.97 51,288.98

V.Profit before exceptional and

extraordinary items and tax (III-IV)16,656.03 13,274.19

VI. Exceptional Items 0 0

VII.Profit before Extraordinary Items

and Tax (V-VI)16,656.03 13,274.19

VIII. Extraordinary Items 0 0

IX. Profit Before Tax(VII-VIII)* 16,656.03 13,274.19

* Includes Prior Period Gain/(Expense) 33 864.63

X Tax expenses

(1) Current Tax

(2) Deferred TaxXI.

Profit/(Loss) for the period fromcontinuing Operations(IX-X)

16,656.03 13,274.19

XIIProfit/(Loss) from Discontinuing

Operations

XIIITax expenses of Discontinuing

Operations

XIVProfit/(Loss) from Discontinuing

Operations(After Tax)(XII-XIII)

XV.Profit/(Loss) for the period (XI +

XIV)16,656.03 13,274.19


4/20

Statement of Working Capital Requirement

XVIEarning per Equity Share of Rs. 10 each

(in Rs.)

Basic and Diluted 13.82 11.02

Notes on Accounts 34


5/20

Net Working Capital = Current AssetsCurrent Liabilities

(Amount in lakhs )

Current Assets 2010-11 2011-12

Current Investments -------- --------

Inventories 126519.24 149647.09

Trade receivables 15048.36 23040.18

Cash & cash equivalents 12.20 894.16

Short term loans &

advances

6928.45 1570.91

Other Current Assets 6621.10 6703.54

TOTAL ( A) 155129.35 181855.88

Current Liabilities 2010-11 2011-12

Short term borrowings 221.76 6.37

Trade payables 4478.43 4294.04

Other current liabilities 137024.77 189524.63

Short term provisions 5078.98 8274.21

TOTAL ( B) 146803.94 202099.25

Net Working Capital

(A-B)

8325.41 -20243.37


6/20

Interpretation:-

Net working capital refers to the excess of current assets over the current

liabilities. In the two years, we can see highly fluctuating of net working

capital. In the year 2011-12 the net working capital becomes negative. The

negative amount in net working capital i.e. if the current liabilities are more

than current assets, it does not means that the bad profitability position of the

company it happens sometimes that the Net Working Capital may be

negative.

Current Ratio

(Amount in Lakhs)


7/20

Year Current

Assets

Current

Liabilities

Ratio

2011-12 181856.00

202099.00 0.90:1

2010-11 155129.00

146804.00 1.06:1

Current ratio = Current Assets

Current liabilities

2011-12 2010-11

Current Ratio =202099.

181856= 0.90 Current Ratio =

.

146804

155129=1.06

Interpretation

As we know that ideal current ratio for any firm is 2:1. If we see the current

ratio of the company for last two years it has increased from 2010 to 2011.

This depicts that companys liquidity position issound.

The margin of safety for creditors is quite sufficient.

HAL would meet its current obligations and hereby maintaining the

credibility in the market.


8/20

Quick Ratio

(Amount in Lakhs)Year Quick

Assets

Current

Liabilities

Ratio

2011-12

32209.00

202099.00 0.16:1

Quick ratio = Quick assets

Current liabilities

2011-12

Quick Ratio =202099.

32209= 0.16

Interpretation

A quick ratio is an indication that the firm is liquid and has the ability to meet

its current liabilities in time. The ideal quick ratio is 1:1. Companys quick

ratio is less than ideal ratio. This shows company has liquidity problem.

Financial Structure or Capitalization Ratios


9/20

Debt Equity Ratio

(Amount in Lakhs)

Year Long

Term

Debts

Shareholders

fund

Ratio

2011-12 13.00 9256.00 0.0014:1

Debt Equity ratio = Long Term Debts

Shareholders funds

2011-12

Debt Equity Ratio =9256.00.

13.00= 0.0014

Interpretation

A very low (zero) debt-equity ratio implies a greater claim of owners than

creditors. It represents a satisfactory situation, since a proportion of equity

provides a larger margin of safety for Owners. It also indicates that HAL is a

Debt free company.

Stock Turnover Ratio/Inventory Turnover Ratio


10/20

(Amount in Lakhs)

Year Cost of GoodsSold

AverageStock

Ratio

2011-12 17910.00 138083.00 0.13:1

Stock Turnover ratio = Cost of goods sold

Average Stock

2011-12

Stock Turnover Ratio =138083.00.

17910.00= 0.13

Year

Sales

Average

Stock

Ratio

2011-12

73221.52

138083.00 0.53:1

Inventory Turnover ratio = Sales

Average Stock


11/20

2011-12

Inventory Turnover Ratio = 138083.00.

73221.52

= 0.53

Interpretation

These ratio shows how rapidly the inventory is turning into receivable through

sales. The above signifies HAL has excessive inventory. It is essential to

improve the efficiency of inventory management for quicker stock turnover.

Current Assets Turnover Ratio


12/20

(Amount in Lakhs)

Year Sales ( Exclusive

of other

income)

Current

Assets

Ratio

2011-12 73221.52 181856.00 0.40:1

Current Assets Turnover ratio = Sales

Current Assets

2011-12

Current Assets Turnover Ratio =181856.00.

73221.52= 0.40

Interpretation

Lower this ratio is not better because it will tell that we can sell less products

with more investment in current assets.

Fixed Assets Turnover Ratio


13/20

(Amount in Lakhs)

Year Sales (

Exclusive

of other

income)

Fixed Assets

(Exclusive

of Capital

Work in

Progress)

Ratio

2011-

12 73221.52

62246.00 1.18:1

Fixed Assets Turnover ratio = Sales

Fixed Assets

2011-12

Fixed Assets Turnover Ratio =62246.00.

73221.52= 1.18

Interpretation

Generally, higher the ratio, the better a high ratio indicates the business has

less money tied up in fixed assets for each unit of currency of sales revenue.

A declining ratio may indicate that the business is over invested in plant,

equipment or other fixed assets.

HAL turns over its fixed assets faster than currents assets.

Working Capital Turnover Ratio


14/20

(Amount in Lakhs)

Year Sales Working

Capital

(Net

Current

Assets)

Ratio

2011-12

73221.52

-20243.00 -3.62:1

Working Capital Turnover ratio = Sales

Working Capital

2011-12

Working Capital Turnover Ratio =20243.00.-

73221.52= -3.62

Interpretation

Generally, a high Working Capital Turnover is better. A low ratio indicates

inefficient utilization of working capital. From above we can interpret that

HAL has inefficient utilization of working capital

Capital Turnover Ratio


15/20

(Amount in Lakhs)

Year Sales Capital

Employed

Ratio

2011-12

73221.52

9268.00 7.90:1

Capital Turnover ratio = Sales

Capital Employed

2011-12

Capital Turnover Ratio =9268.00.

73221.52= 7.90

Interpretation

The utilization of stock holder's equity is quite satisfactory but still needs

improvement

Gross Profit Ratio


16/20

(Amount in Lakhs)

YearGross

Profit

OperationalTurnover

Ratio

2011-12

55312.00

73222.00 75.54

Gross profit ratio = Gross profit x 100

Operational Turnover

2011-12

Gross Profit Ratio =73222.

100x55312= 75.54

Interpretation

Gross Profit margin is quite adequate.

Net Profit Ratio


17/20

(Amount in Lakhs)

Year Net

Profit

Net Sales Ratio

2011-12

16656.00 75105.00

22.18

Net profit ratio = Net profit x 100

Net Sales

2011-12

Net Profit Ratio =75105.

100x16656= 22.18

Interpretation

Net profit (NP) ratio is a useful tool to measure the overall profitability of the

business. A high ratio indicates the efficient management of the affairs of business.

Return on Capital Employed


18/20

(Amount in Lakhs)

Year PBIT Capital

Employed

Ratio

2011-12

16656.00

9268 179.71

Return on Capital Employed = PBIT x 100

Capital Employed

2011-12

Return on capital Employed =9268.

100x16656= 179.71

Interpretation

HAL is generating reasonable returns from its Capital.

Return on Equity Share Capital (ROE)


19/20

(Amount in Lakhs)

Year

PAT

Equity Share

capital

Ratio

2011-12

16656.00

9256 179.96

Return on Equity Share Capital = PAT - Pref. Dividend

Equity Share capital (Net worth)

2011-12

Return on Equity Share Capital =9256

100x16656= 179.96

Interpretation

HAL's efficiency at generating profits from every unit of shareholders' equityis quite satisfactory.

Earnings per share


20/20

(Amount in Lakhs)

Year PAT-Pref.

Dividend

No. of

Equity

Ratio

2011-12

1665603000

-

74003800

-22.51

Earnings per Share = PAT - Pref. Dividend

No. of equity

2011-12

Earnings per share = 74003800-

0300016656

= -22.51

Interpretation

HALsearning per share is not satisfactory.

R.S hal.docx

Documents

Transcript of R.S hal.docx