7. Raju Raju sat on the wall Raju Raju had a great fall Balance sheet died, Shareholders cried Raju Raju made a fraud Raju Raju Yes baba Cheating us No baba Telling lies No baba Open the balance sheet HA! HA! HA!
8. For a layman , one can understand the reason as only sheer pressure to be in top 10 companies in order to bag orders from Fortune 500 companies. For this, Raju showed wrong figures, inflated profits and huge cash flow in his company. When he sensed that his company may be overtaken by some big company and they will ask for the balance sheets and facts.. he himself disclosed everything and left the company...
9. Satyam Computer Services ltd. BALANCE SHEET PARTICULARS As On 30.09.2008 Adjustment Adjusted Balance Sheet Source Of Funds 1. Shareholder’s Funds a) Share capital 134.70 134.70 b) Allotment 2.76 2.76 c) Reserve and Surplus 8392.23 (415.47) 8529.69 (278.01) 2. Loan Funds a) Secured Loans 30.49 30.49 b) Unsecured Loans 234.80 1230.00 1464.80 8794.98 1217.28
10. Cont… Applications Of Funds: 1.Fixed Assets a)Gross Block 2173.91 2173.91 b) Less; Depreciation 1158.13 1158.13 c) Net Block 1015.78 1015.78 d) Capital W.I.P 365.32 365.32 1381.10 1381.10 2. Investments 618.64 618.64 3. Deferred Tax Assets (net) 118.75 118.75
11. Cont… 4. Current assets a)Sundry debtors 2651.36 (2161.36) 490.00 b)cash and bank balances 5132.62 (5040.00) 272.62 c)other current assets 376.34 (376.34) d)loans and advances 502.22 502.22 8842.54 1264.84
12. Cont… Less: Current Liabilities and provisions a) Liabilities 1669.26 1669.26 b) Provisions 496.79 496.79 2165.05 2166.05 Net Current asset 6676.49 (901.21) 8794.98 1217.28
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