The document provides financial statements for Aptech Ltd for the years 2012, 2011 and 2010. It includes a balance sheet and profit and loss account. Some key highlights: - The owner's funds have grown marginally from 2011 to 2012, while loan funds have reduced as all loans were repaid. - Fixed assets have reduced due to sale of machinery, while investments have also reduced significantly from 2011 levels. - Net current assets have increased substantially from 2011 due to a rise in current assets. - Operating income has reduced marginally from 2011 levels, while operating expenses are down. This has resulted in a small increase in operating profit from 2011. - After accounting for other income and expenses,

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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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.  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. 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