Page 153 - afs12

5.12 Analysis of Financial Statements—CBSE XII
Illustration 7.

Following information is extracted from the Statement of Profit & Loss of Gold Star
Ltd. for the years ended 31st March, 2024 and 2023. Prepare Comparative Statement of
Profit & Loss.

Particulars Note No. 31st March, 31st March,
2024 2023

Revenue from Operations ` 40,00,000 ` 32,00,000
Employees Benefit Expenses ` 20,00,000 ` 16,00,000
Depreciation and Amortisation Expenses ` 50,000 ` 40,000
Other Expenses ` 1,50,000 ` 3,60,000
Tax Rate 30% 30%

Solution:
COMPARATIVE STATEMENT OF PROFIT & LOSS
for the years ended 31st March, 2023 and 2024

Particulars Note 31st March, 31st March, Absolute Change Percentage
No. 2023 2024 (Increase/ Change (Increase/
` ` Decrease) (`) Decrease) (%)

(A) (B) (C = B – A)   D = C × 100  
 A 
I. Revenue from Operations 32,00,000 40,00,000 8,00,000 25.00
II. Expenses
(a) Employees Benefit Expenses 16,00,000 20,00,000 4,00,000 25.00
(b) Depreciation and Amortisation
Expenses 40,000 50,000 10,000 25.00
(c) Other Expenses 3,60,000 1,50,000 (2,10,000) (58.33)
Total Expenses 20,00,000 22,00,000 2,00,000 10.00
III. Profit before Tax (I – II) 12,00,000 18,00,000 6,00,000 50.00
IV. Less: Tax @ 30% 3,60,000 5,40,000 1,80,000 50.00
V. Profit after Tax 8,40,000 12,60,000 4,20,000 50.00