financial accounting ratios of the company

1. SUBJECT : FINANCIAL ACCOUNTANCY
Created by
Sr.No Div-Roll No Name
1 A-25 Chitralekha.M
2 A-17 Neha. K
3 A-23 Sejal.M
4 A-10 Shahish.G
5 A-12 Omkar.K
6 A-4 Nishant.B
7 A-15 Vivek.K

2. FINANCIAL STATEMENTS OF
BHARAT PETROLEUM COMPANY

3. Statement Of Profit And Loss For The Year Ended 31st March 2013
Particulars Amount(in Crores )
2012-13 2011-12
Revenue from Operations
Sales
Petroleum Product 2,21,915.58 1,91,833.80
Crude oil 6,088.50 10,224.03
228004.08 2,02,057.83
Subsidy On LPG & SKO(PDS) 636.88 664.5
Subsidy from Govt. of India 21896.65 19,671.39
250537.61 2,22,393.72
(-)Excie duty -10533.51 -10,527.50
240004.1 2,11,866.22
Other Operating Revenue 111.65 106.75
2,40,115.75 2,11,972.97
Other Income 1,680.23 1,701.78
241,795.98 213,674.75
(Less)
Expenses
Cost of raw materials
Opening stock 3,974.14 4,009.33
(Add) Purchases 96,590.38 85,527.78
(less) Closing stock -3,075.03 -3,974.14
97,489.49 85,562.97
Purchase of stock-in-trade
Petroleum Product 1,19,973.11 1,01,941.49
Crude Oil 5,946.49 10,217.66
125819.6 1,12,159.15
Change in inventories of finished good -1,471.79 -601.6
Employees benefit expenses
Salarie And Wages 2,142.70 1,682.24
Contribution To gratuity Fund 109.42 99.69
Contribution to Provident Fund 10.17 24.77
Contribution To other Fund 210.99 149.43
Self Welfare Expenses 295.59 210.62
Voluntary Retirement Scheme 94.32
2,768.87 2,261.07
Finance cost
Interest Expenses 838.43 968
interest on short fall in payment of advance tax 42.4 6.24
Other Borrowing costs 39.54 81.28
Applicable net loss on foreign currency transactions and translation 904.87 744.07
1825.24 1,799.59
Depreciation and Amortization 1,926.10 1,884.87
Other expenses
Repair And maintenance 790.26 636.83
Power And Fuel 904.92 716.08
Store, spares And Material 921.11
Remuneration To Auditor 0.62 0.39
Write Off
Bad Debt 0.11 59.97
Provision on doubtful debt 46.31 3.63
loss on sale fixed assets 23.85
Foreign Exchange Fluctuation 769.09 1,420.43
Prior Period Expenses 128.86
Other expenses 899.31 888.68
9402.78 8,724.53
Total Expenses 237760.29 211,790.58
Profit Before Tax 4,035.69 1,884.17
(less)
Current Tax 1,173.29 280
Deffered Tax 255.16 393.01
shirt/excess provision in the earlier years provided for -35.66 1.82
Total tax expenses
1,392.79 572.9
Profit/loss After Tax 2,642.79 1,311.27

4. 1 (i) Expense to sales ratio (2012-13
This ratio measures the extent of expense done to achieve sales. This ratio is important as it helps to control the
expense
so as to increase the overall profit of the company.
Expense × 100 = 237,760.29 × 100 = 98%
Sales 2,40,115.75
(ii) Expense to sales ratio (2011-12)
Expense × 100 = 2,11,790.58 × 100 = 99%
Sales 2,11,972.97
The expense ratio less in the current year compared to the previous year.
2 Growth of Sales
This is the pattern of every company to check the growth f sales of the company and
compare it with last year. As company forecast budget it is helpful for the company to
know how much they have actually achieved from the budgeted.
Sales of (2012-13) – Sales of (2011-12) = 2,40,115.75 - 2,11,972.97 = 28,142.78
Sales in 2013 has been increased by 28,142.78. This is a good news for the company.

5. 3 i) Gross Profit Ratio (2012-13)
This ratio calculates gross profit as to the sales of the company as gross profit comes after purchases and
manufacturing related expenses. So as to compare the figures with budgeted and find out areas for cost minimisation.
Gross Profit × 100 = 7787 × 100 =
3.2%
Sales 2,40,115.75
(ii) Gross Profit to Ratio (2011-12)
Gross Profit × 100 = 5569 × 100 = 2.6%
Sales 2,11,972.97
The gross profit ratio is more in the current year compared to the previous year
4 (i) Net profit Ratio (2012-13)
This ratio is calculated to check the Net profit of the company for the year
Net profit × 100 = 2,642.90 × 100 = 1.1%
Sales 2,40,115.75
(ii) Net profit Ratio (2011-12)
Net profit × 100 = 1,311.27 × 100 = 0.61%
Sales 2,11,972.97
The net profit ratio is more in the current year compared to the previous year

6. Balance sheet As on 31st March,2013
2012-13 2011-12
Amount(In Crores )
Equity And Liabilities
Shareholder's Funds
Share Capital 723.08 361.54
Reserve And Surplus 16,634.02 14,913.86
Non-Current Liabilities
Long Term Borrowing 5,808.37 2,159.09
Deferred Tax Liabilities(Net) 1,655.72 1,400.56
Other Long-Term Liabilities 60.82 55.96
Long-Term Provision 435.06 409.96
7659.97 4,025.57
Current Liabilities
Short-Term Borrowing 18,058.42 19,087.35
Trade payables 8,783.11 12,866.40
Other Current Liabilities 13,533.62 13,366.10
Short-Term Provision 2,318.25 1,347.70
Total 66,987.39 65,606.98
Assets
Non-Current Assets
Fixed Assets 19110.15 17,731.44
Non-Current Investment 6,942.10 4,970.29
Long-Term Loan Advance 2,528.40 3,458.97
Other Non-Current Assets 16.93 0.95
28597.58 26,161.65
Current Assets
Current Investment 5,160.90 5,947.13
Inventories 16,690.37 15,948.06
Trade Receivable 4,025.13 6,378.34
Cash and Cash Equivalent 2,328.86 978.85
Short-Term Loan And Advance 1,244.98 792.58
Other Current Assets 8,939.57 9,400.37
Total 66,987.39 65,606.98

7. 1) (i) Earnings per Share(2012-13)
How much do the shareholders earn finally as per the profit
and loss account. This is denoted by the profit avaible
for the equity shareholders.
EPS = 36.55
Book value per share=230.04/-
(ii) Earnings per Share(2011-12)
EPS = 18.13
Book value per share=206.25/-
2) Debt Equity ratio
This ratio is calculated to check whether how much
debt is owned by the equity. Lower the ratio good is
the position of the company.
(2012-13) Debt × 100 = 1.43
Equity
(2011-12) Debt × 100 = 1.54
Equity
3) Total Assets Turnover Ratio (2012-13)
This ratio is expressed by relating the Net Sales to the Total Assets
Total Assets Turnover Ratio= Net Sales × 100 = 2,40,115.75 × 100
Total Assets 66,987.39
= 358.44%
Total Assets Turnover Ratio (2011-12)
Total Assets Turnover Ratio= Net Sales × 100 = 2,11,972.97 × 100
Total Assets 65,606.98
= 323.09ss%
4) DIVIDEND(2012-13)
- i) Percentage is 110%
- ii) Amount (` Crores) is 795
DIVIDEND(2011-12)
- i) Percentage is 110%
- ii) Amount (` Crores) is 398

8. CASH FLOW
FOR THE YEAR ENDED 31st MARCH
2012-13 2011-12
A
CASH FLOW FROM OPERATING ACTIVITIES AMOUNT (in cr)
NET PROFIT BEFORR TAX 4,035.69 1,884.17
Adjustments for:
Deprciation 1,926.10 1,884.87
Interest 1,782.84 1,799.59
Foreign Exchange Fluctuation 151.82 1,090.47
(Profit)/Loss on sale of fixed asset 23.85 -77.19
Profit)/Loss on sale of investments 155.42 141.3
Income on Investments -839.64 -719.57
Dividend Received -147.44 -135.59
Other Non-cash items -118.82 -78.13
6,969.82 5,789.92
Operating Profit before Working Capital Changes
(Invested in)/Generated from:
Trade Receivables 2,307.39 -3,732.45
Other Receivables -153.99 -4,703.25
inventory -742.31 -572.98
Current Liabilities an payables -2,255.42 4,576.67
Cash generated from operations 6,125.49 1,357.90
Direct Taxes Paid -646.51 -432.06
NET CASH FLOW FROM OPERATING ACTIVITIES 5,478.98 925.84
B
Cash Flow From Investing Activities
Purchase of Fixed Assets -3,386.95 -2,560.32
Sale of fixed asset 3.53 101.96
Capital Grant received 0.3
Investment,Loans And Advances to Joint Venture Companies -671.97 17.48
Investment,Loans And Advances to Subsidiaries 1669.4 1550.3
NET CASH FLOW FROM INVESTING ACTIVITIES -2,385.69 -890.54
C
Cash Flow From Financing Activities
Long term borowing 3,478.33 600
Repaymet of Loans -1,675.01 -2,645.95
Interest Paid -1,855.10 -1,823.97
Dividend paid -397.73 -506.54
Corporate Dividend Tax -57.16 -71.08
Realised gains of exchangedifferenceson foreign currency loans -207.68 -265.6
NET CASH FLOW FROM FINANCING ACTIVITIES -714.35 -4,713.14
D
Net Increase/Decrease in Cash And Cash Equivalent(A+B+C) 2,378.94 -4,677.84
Cash And Cash Equivalent
Cash in Hand 75 133.85
Cash At Bank 903.85 245.18
Cash Credit From Schedule banks -210.11 -2,021.55
Unsecured loans from Schedule banks/ICDs/CPs -18,877.24 -11,788.14
-18,108.50 -13,430.66
Cash And Cash Equvalent As at 31st March
Cash in Hand 122.51 75
Cash At Bank 2,206.35 903.85
Cash Credit From Schedule banks -660.47 -210.11
Collateralized Borowing and lending obligation -622
Unsecured loans from Schedule banks/ICDs/CPs -16,775.95 -18,877.24
-15,729.56 -18,108.50
Net change in Cash and Cash equivalents 2,378.94 -4,677.84

9. Comparative Balance Sheet As At 31st March 2013
PARTICULARS 2013 2012Change in Amount Change in %
Equity And Liabilities
Shareholder's Funds
Share Capital 723.08 361.54 361.54 100
Reserve And Surplus 15,910.94 14,552.32 1358.62 9.33
Non-Current Liabilities
Long Term Borrowing 5,808.37 2,159.09 3649.28 169.01
Deferred Tax Liabilities(Net) 1,655.72 1,400.56 255.16 18.21
Other Long-Term Liabilities 60.82 55.96 4.86 8.68
Long-Term Provision 435.06 409.96 25.1 6.12
Current Liabilities
Short-Term Borrowing 18,058.42 19,087.35 -1028.93 5.39
Trade payables 8,783.11 12,866.40 -4083.29 31.73
Other Current Liabilities 13,533.62 13,366.10 167.52 1.25
Short-Term Provision 2,318.25 1,347.70 970.55 72.01
Total 66,987.39 65,606.98 1380.41 2.1
Assets
Non-Current Assets
Fixed Assets 19110.15 17,731.44 1,378.71 7.77
Non-Current Investment 6,942.10 4,970.29 1971.81 39.67
Long-Term Loan Advance 2,528.40 3,458.97 -930.57 -26.9
Other Non-Current Assets 16.93 0.95 15.98 16.82
Current Assets
Current Investment 5,160.90 5,947.13 -786.23 -13.22
Inventories 16,690.37 15,948.06 742.31 4.65
Trade Receivable 4,025.13 6,378.34 -2353.21 -36.89
Cash and Cash Equivalent 2,328.86 978.85 1350.01 137.91
Short-Term Loan And Advance 1,244.98 792.58 452.40 57.07
Other Current Assets 8,939.57 9,400.37 -460.8 -4.9
Total 66,987.39 65,606.98 1380.41 2.1

10. Comparative Revenue Statement for the year ended 31st March 2013
PARTICULARS 2013 2012Change in Amount Change in %
Revenue from Operations 2,40,115.75 2,11,972.97 28142.78 13.27
Other Income 1,680.23 1,701.78 -21.55 -1.26
241,795.98 213,674.75 28121.23 13.16
(Less)
Total Expenses 237760.29 211,790.58 25969.71 12.26
Profit Before Tax 4,035.69 1,884.17 2151.52 114.18
(less)
Current Tax 1,173.29 280 893.29 319.03
Deffered Tax 255.16 393.01 -137.85 -35.07
shirt/excess provision in the
earlier years provided for
-35.66
1.82 -37.48 -2059.34
Profit/loss After Tax 2,642.79 1,311.27 1331.63 101.55

11.  The percentage in the net profit is 101.55% .
 There is an overall increase in sales from the previous year
to the current year.
 The income from the the various subsidies and interest has
decreased this year.
 The total expenses has drastically increased this year.

12. Trend Balance Sheet as on 31st March, 2013
PARTICULARS 2013 2012 -2013% -2012%
Equity And Liabilities
Shareholder's Funds
Share Capital 723.08 361.54 200 100
Reserve And Surplus 15,910.94 14,552.32 109.33 100
Non-Current Liabilities
Long Term Borrowing 5,808.37 2,159.09 269.01 100
Deferred Tax Liabilities(Net) 1,655.72 1,400.56 118.21 100
Other Long-Term Liabilities 60.82 55.96 108.68 100
Long-Term Provision 435.06 409.96 106.12 100
Current Liabilities
Short-Term Borrowing 18,058.42 19,087.35 94.6 100
Trade payables 8,783.11 12,866.40 68.26 100
Other Current Liabilities 13,533.62 13,366.10 101.25 100
Short-Term Provision 2,318.25 1,347.70 172.01 100
Total 66,987.39 65,606.98 102.1 100
Assets
Non-Current Assets
Fixed Assets 19110.15 17,731.44 107.77 100
Non-Current Investment 6,942.10 4,970.29 139.67 100
Long-Term Loan Advance 2,528.40 3,458.97 73.09 100
Other Non-Current Assets 16.93 0.95 1782.1 100
Current Assets
Current Investment 5,160.90 5,947.13 86.77 100
Inventories 16,690.37 15,948.06 104.65 100
Trade Receivable 4,025.13 6,378.34 63.1 100
Cash and Cash Equivalent 2,328.86 978.85 237.91 100
Short-Term Loan And Advance 1,244.98 792.58 157.07 100
Other Current Assets 8,939.57 9,400.37 95.09 100
Total 66,987.39 65,606.98 102.1 100