Income statement Net Sales / Income from Operations Rs m 8,741 Other Operating Income Rs m 58 Total Income Rs m 8,799 Expenditure (Increase) / Decrease in Finished / Trading Goods Rs m (74) Consumption of Raw Materials and Movement in Work-in-Progress Rs m 5,686 Purchase of Trading Goods Rs m 223 Employees Cost Rs m 532 Depreciation Rs m 207 Other Expenditure Rs m 1,370 Total Rs m 7,944 Profit / (Loss) from Operations Before Other Income, Financial Expenses and Exceptional Item Rs m 855 Other Income Rs m - Profit Before Financial Expenses and Exceptional Item Rs m 855 Interest Rs m 147 Profit / (Loss) After Financial Expenses But Before Exceptional Item Rs m 708 Exceptional Items Rs m - Profit from Ordinary Activities Before Tax Rs m 708 Tax Expense - Income Tax Rs m 241 Net Profit for the Period Rs m 468 Balance Sheet ( Rs m) Sources of Funds Shareholders\' Fund Share Capital 383 Equity Share Warrants - Reserves and Surplus 5,956 Total 6,340 Minority - Loan Fund Secured Loans 3,810 Unsecured Loans 3,690 Total 7,500 Deferred Tax Liability Net 1,052 Total 14,892 Application of Funds Fixed Assets Gross Block 13,106 Less: Depreciation 4,699 Net Block 8,407 Capital Work-in-Progress 779 Share in Joint Venture - Goodwill on Consolidation - Investments 4 Current Assets, Loans and Advances Inventories 4,194 Sundry Debtors 1,752 Cash and Bank Balances 2,315 Other Current Assets 2 Loans and Advances 1,844 Total Current Assets, Loans and Advances 10,106 Less: Current Liabilities and Provisions Current Liabilities 3,886 Provisions 520 Total Current Liabilities and Provisions 4,407 Net Current Assets 5,699 Deferred Revenue Expenditure 3 Total 14,892 Change in Retained earning Opening Balance Rs m 1,844 Add Transfer from Profit and Loss Account Rs m 500 Less Transfer to Profit & Loss Account Rs m (436) Common Stock Repurchased and Cancelled Rs m - Closing Balance Rs m 1,908 Solution Income statement Net Sales / Income from Operations Rs m 8,741 Other Operating Income Rs m 58 Total Income Rs m 8,799 Expenditure (Increase) / Decrease in Finished / Trading Goods Rs m (74) Consumption of Raw Materials and Movement in Work-in-Progress Rs m 5,686 Purchase of Trading Goods Rs m 223 Employees Cost Rs m 532 Depreciation Rs m 207 Other Expenditure Rs m 1,370 Total Rs m 7,944 Profit / (Loss) from Operations Before Other Income, Financial Expenses and Exceptional Item Rs m 855 Other Income Rs m - Profit Before Financial Expenses and Exceptional Item Rs m 855 Interest Rs m 147 Profit / (Loss) After Financial Expenses But Before Exceptional Item Rs m 708 Exceptional Items Rs m - Profit from Ordinary Activities Before Tax Rs m 708 Tax Expense - Income Tax Rs m 241 Net Profit for the Period Rs m 468 Balance Sheet ( Rs m) Sources of Funds Shareholders\' Fund Share Capital 383 Equity Share Warrants - Reserves and Surplus 5,956 Total 6,340 Minority - Loan Fund Secured Loans 3,810 Unsecured Loans 3,690 Total 7,500 Deferred Tax Liability Net 1,052 Total 14,892 Application of F.

1. A)depository institutions
B) contractual savings institutions
C)investment intermediaries
D)investment banks
Solution
A)depository institutions
B) contractual savings institutions
C)investment intermediaries
D)investment banks