Financial Statements
For

Aptech Ltd.
By

12058 – Megha Thakkar
12098 – Rahul Dave
12102 – Ramandeep Virk
12106 – Renzil D...
INDEX
Sr
No.

Topic

Page
No.

1

Introduction

3

2

Company Achievement

5

3

Short Introduction of Financial
Statement...
Aptech Ltd
Aptech commenced its education and training business in 1986 and has globally
trained over 6.4 million students...
Corporate social responsibility
Aptech is associated with "Project Saraswati" for IT Literacy and "Project Srishti" for
Mu...
Hardware & Networking education

International IT & multimedia training

English language training

Corporate Business

Co...
Aptech’s rapid growth has led the company to mark several milestones
in India & overseas.
Among the top few are:
 IT & Mu...
Balance Sheet
Mar ' 12

Mar ' 11

Mar ' 10

Sources of funds
Owner's fund
Equity share capital

48.79

48.77

46.55

Share...
Mar ' 12

Mar ' 11

Mar ' 10

Capital work-in-progress

0.15

0.61

0.18

Investments

92.70

152.00

117.49

Net current ...
Balance Sheet
 The B/S is a statement of financial position of an organisation. It is a statement
of sources & applicatio...
Loan Funds
30
25
20
15
10

2012

23.81

2011

5

2010

0

0
Secured loan

0
Unsecured Loan

2012

0

0

2011

0

0

2010

...
Fixed Assets
160
140
120
100
80
60

2012

40

2011

20

2010

0
Gross block

Less:
revaluation
rserve

Less:
accumulated
d...
Net Current Assets
200
180
160
140
120
100
80
60

2012
2011

40
20

2010

0
Current assets,
loans & advances

Les: current...
Profit & Loss Account
Mar ' 12

Mar ' 11

Mar ' 10

90.95

94.15

123.79

-

-

-

Manufacturing expenses

28.44

25.52

2...
Mar ' 12

Mar ' 11

Mar ' 10

Tax charges

0.01

0.47

32.82

Adjusted PAT

18.31

9.34

-22.05

Nonrecurring items

-2.10...
Operating Income

140
120
100
80

2012

60

2011

40

2010

20
0
2012

Operating Income
90.95

2011

94.15

2010

123.79

...
 On the operational side, the Company focused on the International Retail and
Assessment & Testing businesses which deliv...
DIVIDEND
 Your Directors are pleased to recommend for your consideration a final.
Dividend of Rs 1.50 per equity share of...
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Managerial Accounts : Financial Statements For Aptech Ltd.

  1. 1. Financial Statements For Aptech Ltd. By 12058 – Megha Thakkar 12098 – Rahul Dave 12102 – Ramandeep Virk 12106 – Renzil D’cruz 12107 – Rishabh Mehta 12136 – Sonia Naik Submitted to Prof.L.N.Chopde 1
  2. 2. INDEX Sr No. Topic Page No. 1 Introduction 3 2 Company Achievement 5 3 Short Introduction of Financial Statement 5 4 Balance Sheet 7 5 Graph & Analysis 8 6 Profit & Loss Account 13 7 Graph & Analysis 15 8 Conclusion 17 2
  3. 3. Aptech Ltd Aptech commenced its education and training business in 1986 and has globally trained over 6.4 million students. Aptech is an ISO 9001:2000 organization and the first IT Training and Education company to get this certification for Education Support Services in 1993. Aptech has presence in more than 40+ emerging countries through its two main streams of businesses – Individual training and Enterprise Business. As a leader in career education, it has over 1305 centres of learning across the world. Under Individual Training, Aptech offers career and professional training through its Aptech Computer Education, Arena Animation & Maya Academy of Advanced Cinematic (both in Animation & Multimedia), Aptech Hardware & Networking Academy, Aptech Aviation & Hospitality Academy and Aptech English Learning Academy brands. Enterprise business includes Content Development (Aptech Learning Services), Training and Assessment Solutions for Corporate & Institutions (Aptech Training Solutions, Aptech Assessment & Testing Solutions). Aptech Limited (BSE: 532475, NSE: APTECHT) is a global retail and corporate training company with headquarters in Mumbai, India. The company commenced its IT training business in 1986 and has trained over 5 million students. In 1993, Aptech became the first IT training organization in Asia to receive the ISO 9001 quality certification for Education Support Services. The company has grown and diversified into various education-related businesses and its stock is listed on the BSE and the NSE. It was also featured in the '2009 Global Top 20 IT Training organizations' list Competitors There are many online education organizations in India. Of those, Educomp Solutions, EdServ Softsystems Limited, Everonn Education and NIIT are Aptech's main competitors. 3
  4. 4. Corporate social responsibility Aptech is associated with "Project Saraswati" for IT Literacy and "Project Srishti" for Multimedia Training. Under these two projects, Aptech provides free-of-cost training to underprivileged children at various Aptech and Arena centres. Aptech’s N-Power Hardware & Networking training brand, meanwhile, conducts training for deaf children. Arena organizes Graphic Designing and Personality Development programs for underprivileged children. Aptech Computer Education, the flagship brand of Aptech Ltd., has entered into an alliance with Middlesex University to provide advance entry to students doing Aptech Certified Computer Professional (ACCP) course in the final year of B.Sc. (Honours) at their London, Dubai or Mauritius Campus. Retail Business IT training & education Animation & multimedia training High-end 3D animation &VFX education Aviation, Hospitality Travel & Tourism 4
  5. 5. Hardware & Networking education International IT & multimedia training English language training Corporate Business Corporate training & training outsourcing universities & corporate Assessment solutions for Customised content development 5
  6. 6. Aptech’s rapid growth has led the company to mark several milestones in India & overseas. Among the top few are:  IT & Multimedia education pioneer. More than 2 decades of experience in training (since 1986). Trained over 6.4 million students.  First IT education & training company in Asia to receive the ISO 9001: 2000 quality certifications.  Aptech Learning Services receives two ‘Apex 2010 - Awards for Excellence’.  Aptech Vietnam declared No. 1 IT training provider in Vietnam for 7 consecutive years.  Among Brand Equity’s Top 50 Most Trusted Service Brands.  Among Forbes Global Best 300 Small Companies worldwide. Financial Statements  Financial statements include P&L A/c &B/s sheet is prepared to find out financial status of the organisation.  Financial statements of proprietary organisation include trading A/c, P&L A/c & B/S. But financial statements of company include P&L statement & B/S.  Financial Statements are to be prepared as per the prescribe format as let down by revised Schedule VI of the Companies Act. 6
  7. 7. Balance Sheet Mar ' 12 Mar ' 11 Mar ' 10 Sources of funds Owner's fund Equity share capital 48.79 48.77 46.55 Share application money 0.13 0.13 0.14 Preference share capital - - - 216.18 216.48 180.52 Reserves & surplus Loan funds Secured loans - - 23.81 Unsecured loans - - - 265.10 265.39 251.01 46.90 103.60 101.67 - - - 18.55 72.75 65.32 28.35 30.84 36.35 Total Uses of funds Fixed assets Gross block Less : revaluation reserve Less : depreciation Net block accumulated 7
  8. 8. Mar ' 12 Mar ' 11 Mar ' 10 Capital work-in-progress 0.15 0.61 0.18 Investments 92.70 152.00 117.49 Net current assets Current assets, advances loans & 176.45 135.33 133.27 Less : current liabilities & provisions 32.56 53.40 36.28 Total net current assets 143.89 81.93 97.00 - - - 265.10 265.39 251.01 92.70 152.00 117.49 - - - 7.85 17.71 10.46 487.91 487.71 465.50 Miscellaneous expenses not written Total Notes: Book value investments Market value investments of unquoted of quoted Contingent liabilities Number of equity outstanding (Lacs) share 8
  9. 9. Balance Sheet  The B/S is a statement of financial position of an organisation. It is a statement of sources & application of funds.  It shows the sources from where the funds are be raised are be raised & the application where funds are been employed.  It is a statement of assets & liabilities of an organisation. Owners Fund 250 200 150 100 2012 2011 50 2010 0 Euity share capital Share application money Preferene share capital Reserves & surplus 2012 48.79 0.13 0 216.18 2011 48.11 0.13 0 216.48 2010 46.55 0.14 0 180.52  When the capital is raised by a firm through issue of common shares are called equity share capital and generally the equity share holders are the owners of the business. In the given data we can see that Equity Shares have grown to 0.02% from the year 2011.  Share application money is the application money received from the shareholders. It can be seen that it had been same throughout the years 2011 and 2012.  Reserve and Surplus is nothing but amount kept out of profits for future contingencies. Contingencies mean future losses. Reserve and surplus have dropped to 0.3% from the year 2011. 9
  10. 10. Loan Funds 30 25 20 15 10 2012 23.81 2011 5 2010 0 0 Secured loan 0 Unsecured Loan 2012 0 0 2011 0 0 2010 23.81 0  Loans and advances are the loan which is taken from banks or various other sources.  They are basically two types of loans  Secured loans  Unsecured loans  Secured loans are the loans which are secured or which are given certain securities.  Unsecured loans are the loans which are not secured i.e. any securities are not given.  The above data shows that the company has repaid all the loans both secured & unsecured loans. 10
  11. 11. Fixed Assets 160 140 120 100 80 60 2012 40 2011 20 2010 0 Gross block Less: revaluation rserve Less: accumulated depreciation Net block Capital workin-progress Investments 2012 46.9 0 18.55 28.35 0.15 92.7 2011 103.6 0 72.75 30.84 0.61 152 2010 101.67 0 65.32 36.35 0.18 117.49     Source of funds are basically the total capital employed. Total capital employed= owners fund + loan funds. It has been dropped marginally to 0.29% from 2011. Fixed Assets it is also known as non - current assets as it cannot be converted into cash. It has been dropped to 2.49% as they have sold one of its machinery.  Capital work in progress is the cost of capital work in progress on that date of balance sheet. It has been reduced to 0.46% from the year 2011.  Investment is putting money into shares, debentures, govermnent bonds with the expectation of gain, usually over a longer term. It has been reduced to 59.3% from the year 2011. 11
  12. 12. Net Current Assets 200 180 160 140 120 100 80 60 2012 2011 40 20 2010 0 Current assets, loans & advances Les: current liabilities & provisions Total net current assets Miscellaneous expenses not written 2012 176.45 32.56 143.89 0 2011 135.33 53.4 81.93 0 2010 133.27 36.28 97 0  Net current assets are nothing but current assets, loans and advances- current liabilities. Current assets are that assets which can easily get converted into cash.  Current liabilities is nothing but which are to be paid or can become payable in a short period. It has been increased to 61.96 % from the year 2011. 12
  13. 13. Profit & Loss Account Mar ' 12 Mar ' 11 Mar ' 10 90.95 94.15 123.79 - - - Manufacturing expenses 28.44 25.52 29.00 Personnel expenses 23.84 24.85 32.93 Selling expenses 7.85 7.29 10.69 Administrative expenses 15.45 19.05 28.00 - - - Cost of sales 75.58 76.72 100.62 Operating profit 15.37 17.43 23.18 Other recurring income 10.25 3.70 3.86 Adjusted PBDIT 25.63 21.13 27.04 Financial expenses 0.27 2.46 3.56 Depreciation 7.04 8.87 12.70 - - - 18.32 9.81 10.78 Income Operating income Expenses Material consumed Expenses capitalised Other write offs Adjusted PBT 13
  14. 14. Mar ' 12 Mar ' 11 Mar ' 10 Tax charges 0.01 0.47 32.82 Adjusted PAT 18.31 9.34 -22.05 Nonrecurring items -2.10 -2.01 88.78 Other non cash adjustments 2.00 0.56 3.26 Reported net profit 18.20 7.89 70.00 Earnings before appropriation 82.63 79.38 77.12 Equity dividend 17.01 12.19 4.83 - - - Dividend tax 63.79 1.98 0.80 Retained earnings 1.82 65.21 71.49 Preference dividend 14
  15. 15. Operating Income 140 120 100 80 2012 60 2011 40 2010 20 0 2012 Operating Income 90.95 2011 94.15 2010 123.79  Operating income has been dropped to 3.2% from the year 2011.  Aptech's business strategy of achieving "Profitable Growth" has continued to help the Company post good results in FY2011-12.  Profit before Tax (PBT) before exceptional items was Rs 765.73 million in FY2011-12, representing a growth of 76.3%.  Profit after Tax (PAT) at Rs 760. 38 million was almost 69% higher as compared to the previous fiscal year.  While Operating Income for the year dropped by 8.6%, the Operating EBITDA for the year improved by 12.7% over the previous year.  Change in revenue accounting policy for MAAC, closure of Own centres and increasing competition in the Indian vocational business segment especially IT, multi-media and animation impacted the revenue Performance in FY2011-12.  On the positive side, the Company has nearly Rs 1 billion cash in its balance sheet and zero debt, with the overall exposure to Government business reduced to single digits. 15
  16. 16.  On the operational side, the Company focused on the International Retail and Assessment & Testing businesses which delivered positive results. International revenue (net of China and MAAC) was almost 45% of the total retail revenue.  The Company forayed into the new geographies of Japan, Kyrgyzstan, Malaysia and Rwanda. The Assessment and Testing business of Aptech successfully executed the prestigious CMAT 2012 exam for AICTE.  In terms of some of the new initiatives, the Company entered into a partnership with Hungama Digital Entertainment to target the emerging mobile education market and also a partnership with TRRAIN foundation to train the retail sector manpower.  The Company focused on the franchising route and continued to reduce the emphasis on Own centres.  The Company added 99 more centres taking the total number of centres in India and abroad (excluding China) to 1046 as of 31st March, 2012.  Aptech continued to carve a niche and receive industry recognition and was chosen as the 6th most trusted brand in the education category on the basis of high level of quality, price that the brand commands, popularity, uniqueness of the product and pride of ownership by Brand Equity, Economic Times, 28th September, 2011. 16
  17. 17. DIVIDEND  Your Directors are pleased to recommend for your consideration a final. Dividend of Rs 1.50 per equity share of Rs 10/- for the period ended 31st March, 2012.  An interim dividend of Rs 1.50 per equity share was paid to the shareholders as approved by the Board of Directors at its meeting held on 20th January, 2012.  With this the total dividend for the year ended 31st March, 2012 will be Rs 3/per share (30%). EMPLOYEES STOCK OPTION SCHEME (ESOS), 2006  Your Company had formulated Employees Stock Option Scheme in 2006 for the benefit of the employees of the Company and its subsidiaries (including Non-Executive Directors of the Company).  The said Scheme was approved by the members at the general meeting held on 16th September 2006 and administered by the Remuneration & Compensation Committee of the Board. Under the said Scheme, 1,81,031 options were exercised upto the validity of the last phase under the Scheme at an exercise price of Rs 113/- per equity share, against which 1,81,031 equity shares of the face value of Rs 10/- each were allotted to the eligible allottees under the Scheme.  With the final phase, all options granted under the ESOP Scheme 2006 have been either exercised into corresponding shares by the optionees or have lapsed as the case may be applicable, and therefore, there are no options whatsoever outstanding under the Scheme. 17

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