Page 21 - MA12

Comparative Statements and Common-Size Statements 2.7
Illustration 6.
From the following Balance Sheet of Sun Ltd. as at 31st March, 2019, prepare Common-
size Balance Sheet:

Particulars Note No. 31st March, 31st March,
2019 (`) 2018 (`)

I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 80,00,000 60,00,000
(b) Reserves and Surplus 12,00,000 8,00,000
2. Non-Current Liabilities
Long-term Borrowings 24,00,000 20,00,000
3. Current Liabilities
Short-term Borrowings 4,00,000 12,00,000
Total 1,20,00,000 1,00,00,000
II. ASSETS
1. Non-Current Assets
Fixed Assets:
(i) Tangible Assets 80,00,000 60,00,000
(ii) Intangible Assets 4,00,000 12,00,000
2. Current Assets
(a) Inventories 24,00,000 20,00,000
(b) Cash and Bank Balances 12,00,000 8,00,000
Total 1,20,00,000 1,00,00,000

Solution: Sun Ltd.
COMMON-SIZE BALANCE SHEET
as at 31st March, 2019 and 2018
Particulars Note Absolute Amounts Percentage of Balance Sheet Total
No. 31st March, 31st March, 31st March, 31st March,
2019 (`) 2018 (`) 2019 (%) 2018 (%)
I. EQUITY AND LIABILITIES
1. Shareholders’ Funds
(a) Share Capital 80,00,000 60,00,000 66.67 60.00
(b) Reserves and Surplus 12,00,000 8,00,000 10.00 8.00
2. Non-Current Liabilities
Long-term Borrowings 24,00,000 20,00,000 20.00 20.00
3. Current Liabilities
Short-term Borrowings 4,00,000 12,00,000 3.33 12.00
Total 1,20,00,000 1,00,00,000 100.00 100.00
II. ASSETS
1. Non-Current Assets
Fixed Assets:
(i) Tangible Assets 80,00,000 60,00,000 66.67 60.00
(ii) Intangible Assets 4,00,000 12,00,000 3.33 12.00
2. Current Assets
(a) Inventories 24,00,000 20,00,000 20.00 20.00
(b) Cash and Bank Balances 12,00,000 8,00,000 10.00 8.00
Total 1,20,00,000 1,00,00,000 100.00 100.00