Page 17 - MA12

Comparative Statements and Common-Size Statements 2.3
Solution: COMPARATIVE BALANCE SHEET as at 31st March, 2019 and 2018
Particulars Note 31st March, 31st March, Absolute Change Percentage Change
No. 2019 (`) 2018 (`) (Increase/ Decrease) (`) (Increase/ Decrease) (%)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital:
(i) Equity Share Capital 9,00,000 6,00,000 3,00,000 50.00
(ii) Preference Share Capital 6,00,000 3,00,000 3,00,000 100.00
(b) Reserves and Surplus 3,00,000 3,00,000 ... ...
2. Non-Current Liabilities
Long-term Borrowings:
(i) 8% Debentures 4,00,000 2,00,000 2,00,000 100.00
(ii) Loan from Bank 2,00,000 4,00,000 (2,00,000) (50.00)
3. Current Liabilities
(a) Trade Payables (Creditors) 4,00,000 2,00,000 2,00,000 100.00
(b) Short-term Provisions 2,00,000 1,00,000 1,00,000 100.00
Total 30,00,000 21,00,000 9,00,000 42.86
II. ASSETS
1. Non-Current Assets
(a) Fixed Assets: Tangible Assets 15,00,000 12,00,000 3,00,000 25.00
(b) Non-Current Investments 3,00,000 3,00,000 ... ...
2. Current Assets
(a) Trade Receivables (Debtors) 9,00,000 4,00,000 5,00,000 125.00
(b) Cash and Bank Balances 3,00,000 2,00,000 1,00,000 50.00
Total 30,00,000 21,00,000 9,00,000 42.86
Illustration 2.
From the following Statement of Profit and Loss of Vaio Ltd., prepare Comparative Income
Statement (Comparative Statement of Profit and Loss):
STATEMENT OF PROFIT AND LOSS for the years ended 31st March, 2019 and 2018
Particulars Note No. 31st March, 31st March,
2019 (`) 2018 (`)
I. Revenue from Operations (Net Sales) 20,00,000 15,00,000
II. Other Income 75,000 55,000
III. Total Revenue (I + II) 20,75,000 15,55,000
IV. Expenses:
(a) Purchases of Stock-in-Trade 13,80,000 9,00,000
(b) Change in Inventories of Stock-in-Trade (25,000) 1,00,000
(c) Employees Benefit Expenses 1,50,000 1,25,000
(d) Finance Costs 15,000 12,000
(e) Depreciation and Amortisation Expense 3,200 3,500
(f ) Other Expenses 7,800 7,500
Total Expenses 15,31,000 11,48,000
V. Profit before Tax (III – IV) 5,44,000 4,07,000
VI. Less: Tax 1,15,000 1,00,000
VII. Profit after tax (V – VI) 4,29,000 3,07,000