Balance Sheet as at 31st March, 2015

2015
I.

EQUITY AND LIABILITIES

SHAREHOLDERS FUNDS :
(a) Share Capital
(b) Reserves and Surplus
NON CURRENT LIABILITIES :
(a) Long Term Borrowings
(b) Deferred Tax Liabilities (Net)
(c) Other Long Term Liabilities
(d) Long Term Provisions
CURRENT LIABILITIES :
(a) Short Term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short Term Provisions

II.

Total
ASSETS
NON CURRENT ASSETS :
(a) Fixed Assets
Tangible Assets
Intangible Assets
Capital Work-in-Progress
(b) Non Current Investments
(c) Long Term Loans and Advances
(d) Other Non Current Assets
CURRENT ASSETS :
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash and Bank Balances
(e) Short Term Loans and Advances
(f) Other Current Assets

1510
235532
237042
1448
4810
1054
2926
10238
354
55614
18658
13604
88230
335510

119670
2923
18828
141421
98176
13493
441
253531
29964
26150
10698
183
11728
3256
81979

Total
335510
Statement of Profit and Loss for the year ended 31st March, 2015

2015
537685
51630
486055
13651
499706
8316
508022

Gross Revenue from Sale of Products

Less : Excise Duty
Net Revenue from Sale of Products an
Other Operating Revenue
Revenue from Operations (Net)
Other Income
Total Revenue
Expenses :
Cost of Materials Consumed
Purchases of Stock-in-Trade
Changes in Inventories of Finished G
Employee Benefits Expense
Finance Costs
Depreciation and Amortisation Expen
Other Expenses
Less : Cost of Manufactured Products
Total Expenses
Profit Before Exceptional Item and Tax
Add : Exceptional Items
Profit Before Tax
Less : Tax Expense
Current Tax
Less : MAT Credit Entitlement
Net Current Tax
Deferred Tax (Net)

328678
26652
-4559
16066
2060
24703
66431
460031
691
459340
48682
0
48682
13026
704
12322
-752
11570
0.2376648453
37112
755.2

Implied tax rate

Profit for the year
Dividend
Earnings per equity share
(Face value Rs. 5/- per share) (Rupees)
Basic
Diluted
Funds Flow Statement: Total Funds Basis
Sources
Inc in Reserves & Surplus
Inc in L T Provisions
Inc in Trade payables
Inc in other current liabilities
Inc in ST Provisions
Dec in CWIP
Dec in LT loans & advances
Dec in other Non-CA
Dec in current investments
Dec in trade receivables

122.85
122.85

Dec in cash & BB

Dec in ST loans & adv
Dec in other ncurrent assets
Total Sources
Funds Flow Statement: Working Capital Basis
Sources
Inc in Reserves & Surplus
Inc in L T Provisions
Dec in CWIP
Dec in LT loans & advances
Dec in other Non-CA
Dec in current investments
Total Sources of WC
Change in NWC
Changes in WC components
Currest Assets
Change in receivables
Change in inventories
Change in Cash & BB
Change in ST loans & Advances
Change in other CAs
Total Change in Current Assets
Change in NWC
Funds Flow Statement: Cash Basis
Sources
Inc in Reserves & Surplus
Inc in L T Provisions
Inc in Trade payables
Inc in other current liabilities
Inc in ST Provisions
Dec in CWIP
Dec in LT loans & advances
Dec in other Non-CA
Dec in current investments
Dec in trade receivables
Dec in ST loans & adv
Dec in other current assets
Total Sources
Change in Cash & BB
Classified Cashflow Statements
A. Cash Flows from Operatons
RNP - other income
Add: Interest
Add: Dep
OCFs before changes in WC components

Less: Inc in inventory

Add: Dec in debtors
Add:Dec in Loans& Adv
Add: Dec in other CA
Add: Inc in other CL
Add: Inc in trade payables
Add: Inc in ST provisions
OCF
C. Cash Flows from Financing
Dec in LT Borrowings
Dec in ST borrowings
Dec in def tax liab
Dividends
Interest
Dec in other LT liab
Inc in LT provisions
Total
D. Other income
Change in C&BB =(A+B+C+D)
Reason for mis-match
Reported net profit -Dividend
Inc in Reserves & Surplus
Overstatement of OCFs
Adj change in Cash & BB

Rupees crores

d 31st March, 2015

Rupees crores

2014 Change

1510
208270
209780
4604
5866
2386
1980
14836
12247
48975
13382
6777
81381
305997

106077
1827
26214
134118
13048
16384
533
164083
88131
17059
14137
6297
12511
3779
141914
305997

U/S

Type

Follow the following cod

O + : +ve Operating flo
O - : -ve Operating flow
I + : +ve Investing flow
I -: -ve investing flow
F +: +ve Financing flow
F -: -ve Financing flow

2014
478228
51780
426448
11470
437918
7317
445235
288989
24314
185
13681
1759
20844
59221
408993
343
408650
36585
0
36585
7479
0
7479
1276
8755
0.2393057264
27830
362.5

92.13
92.13
Uses
Dec in LT borrwoings
Dec in deff tax liab (net)
Dec in other LT liabilities
Dec in ST borowings
Inc in tangible assets
Inc in Intangible assets
Inc in non-current investments
Inc in inventories

Total Uses
Uses
Dec in LT borrwoings
Dec in deff tax liab
Dec in other LT liabilities
Dec in ST borowings
Inc in tangible assets
Inc in Intangible assets
Inc in non-current investments
Total uses of WC

Current Liabilities
Change in Trade payables
Change in other CLs
Change in ST Provisions

Total change in CL & provisions

Uses
Dec in LT borrwoings
Dec in deff tax liab (net)
Dec in other LT liabilities
Dec in ST borowings
Inc in tangible assets
Inc in Intangible assets
Inc in non-current investments
Inc in inventories

Total Uses

B. Cash Flows from Investing

Inc in GB
Dec in CWIP
Inc in investments
Dec in other non-CA

Inc LT loans and advances

Total

ollow the following code for Type of flow:

O + : +ve Operating flow
O - : -ve Operating flow
+ : +ve Investing flow
-: -ve investing flow
+: +ve Financing flow
-: -ve Financing flow

Mahindra & Mahindra Limited

Balance Sheet as at 31st March, 2015

I.

EQUITY AND LIABILITIES

SHAREHOLDERS FUNDS :
(a) Share Capital
(b) Share Capital Suspense Account
(b) Reserves and Surplus
NON CURRENT LIABILITIES :
(a) Long Term Borrowings
(b) Deferred Tax Liabilities (Net)
(c) Other Long Term Liabilities
(d) Long Term Provisions
CURRENT LIABILITIES :
(a) Short Term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short Term Provisions

II.

Total
ASSETS
NON CURRENT ASSETS :
(a) Fixed Assets
Tangible Assets
Intangible Assets
Capital Work-in-Progress
Intangible Assets Under Development
(b) Non Current Investments
(c) Long Term Loans and Advances
(d) Other Non Current Assets
CURRENT ASSETS :
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash and Bank Balances
(e) Short Term Loans and Advances
(f) Other Current Assets

2015

295.70
18,959.39
19,255.09
2,514.13
979.70
614.34
607.34
4,715.51
106.25
5,365.45
2,041.13
1,461.44
8,974.27
32,944.87

5,795.44
134.02
755.67
1,423.09
8,108.22
11,372.74
3,232.26
103.44
22,816.66
1,765.42
2,437.57
2,558.03
2,064.77
773.10
529.32
10,128.21

Total

32,944.87

Statement of Profit and Loss for the year ended 31st March, 2015

2015
Gross Revenue from Sale of Products and Services
Less : Excise Duty
Net Revenue from Sale of Products and Services
Other Operating Revenue
Revenue from Operations (Net)
Other Income
Total Revenue
Expenses :
Cost of Materials Consumed
Purchases
Stock-in-Trade
Changes inofInventories
of Finished Goods, Work-inProgress, Stock-in-Trade and Manufactured Components
Employee Benefits Expense
Finance Costs
Depreciation and Amortisation Expense
Other Expenses
Less : Cost of Manufactured Products Capitalised
Total Expenses
Profit Before Exceptional Item and Tax
Add : Exceptional Items
Profit Before Tax
Less : Tax Expense
Current Tax
Less : MAT Credit Entitlement
Net Current Tax
Deferred Tax (Net)
Implied tax rate
Profit for the year
Dividend
Retained earnings
Earnings per equity share
(Face value Rs. 5/- per share) (Rupees)
Basic
Diluted
Dividend per share
Funds Flow Statement: Total Funds Basis
Sources

40,579.30
2,187.69
38,391.61
553.81
38,945.42
848.94
39,794.36

20,272.48
7,359.37
323.63
2,316.93
214.30
974.90
4,600.57
36,062.18
100.99
35,961.19
3,833.17
335.72
4,168.89
835.92
92.72
743.20
104.58
847.78
0.2033586878

3,321.11
745.31
2,575.80

56.23
53.66
12.00

Inc in share capital

Inc in Res & Surplus
Inc in Deff tax liab
Inc in other LT liabilities
Inc in LT provisions
Inc in ST borrowings
Inc in other current liab
Dec in intangible assets
Dec in inventories
Dec in cash & BB
Dec in ST loans & Adv
Total

0.54
2463.36
90.05
28.07
97.01
105.51
907.57
36.63
366.06
885.62
172.73
5153.15

FFS: WC Basis
Sources of WC(these are non-working capital, so it will act as sourc
Inc in share cap
0.54
Inc in R&S
2463.36
Inc in Deff tax liab
90.05
Inc in other LT liabilities
28.07
Inc in LT provisions
97.01
Dec in intangible assets
36.63
Change in ST borrowing
105.51
Total Sources of WC
Change in NWC
Changes in WC components

2821.17
-1435.98

Change in inventory
Change in debtors
Change in C&BB
Change in loans & Adv
Change in other current assets
Change in CA
Change in NWC
FFS: Cash Basis
Sources
Inc in share capital
Inc in Res & Surplus
Inc in Deff tax liab
Inc in other LT liabilities
Inc in LT provisions
Inc in ST borrowings
Inc in other current liab
Dec in intangible assets
Dec in inventories

-366.06
48.19
-885.62
-172.73
42.21
(1,334.01)
(1,435.98)

0.54
2463.36
90.05
28.07
97.01
105.51
907.57
36.63
366.06

Dec in ST loans & Adv

Total sources
Change in Cash &BB
Classified Cashflow Statements
CFS: Operatons
RNP - other income
Add: Interest
Add: Dep
OCFs before changes in WC components
Add: Dec in inventory
Less: Inc in debtors
Add:Dec in Loans& Adv
Less: Inc in other CA
Add: Inc in other CL
Less: Dec in trade payables
Less: Dec in ST provisions
OCF (equationA)
CFS: Financing
Inc in share capital
Dec in LT Borrowings
Inc in ST borrowings
Inc in def tax liab
Dividends
Interest
Inc in other liab
Inc in LT provisions
Total (eq C)
Other income (eq D)
Change in C&BB
Reasons for mis-match
RNP-Div
Diff in Actual RE & Exp RE
Adj Change in C&BB

172.73

4267.53
-885.62

2,472.17
214.30
974.90
3,661.37
366.06
-48.19
172.73
(42.21)
907.57
(703.35)
-102.25
4,211.73
0.54
-1230.29
105.51
90.05
-745.31
-214.30
28.07
97.01
(1,868.72)
848.94
(885.62)

2,575.80
112.44

2014 Change

295.16
16,496.03
16,791.19

U/S

Type

0.54 S

F+

2463.36 S

O+

3,744.42
889.65
586.27
510.33
5,730.67

-1230.29 U
90.05 S
28.07 S
97.01 S

FF+
F+
F+

0.74
6,068.80
1,133.56
1,563.69
8,766.79
31,288.65

105.51 S
-703.35 U
907.57 S
-102.25 U

F+
OO+
O-

5,706.30
170.65
394.86
833.58
7,105.39
9,787.73
3,018.12
88.49
19,999.73

89.14 U
-36.63 S
360.81 U
589.51 U
1002.83
1585.01 U
214.14 U
14.95 U
2816.93

II+
II-

1,592.12
2,803.63
2,509.84
2,950.39
945.83
487.11
11,288.92

173.30 U
-366.06 S
48.19 U
-885.62 S
-172.73 S
42.21 U
-1160.71

IO+
OO+
O+
O-

III-

Follow the following co

O + : +ve Operating fl
O - : -ve Operating flo
I + : +ve Investing flo
I -: -ve investing flow
F +: +ve Financing flo
F -: -ve Financing flow

31,288.65

1656.22

Rupees crores
2014
42,575.04
2,611.68
39,963.36
545.14
40,508.50
717.99
41,226.49

21,630.08
8,076.92
(274.67)
2,163.72
259.22
863.34
4,294.28
37,012.89
103.04
36,909.85
4,316.64
52.79
4,369.43
837.95
488.15
349.80
261.28
611.08
0.139853482

3,758.35
862.25
2,896.10

63.67
61.07
14
Uses

-1995.74
-423.99
-1571.75
8.67
-1563.08
130.95
-1432.13
0.00
0.00
-1357.60
-717.55
598.30
153.21
-44.92
111.56
306.29
-950.71
-2.05
-948.66
-483.47
282.93
-200.54
0.00
-2.03
-395.43
393.40
-156.70
236.70
0.06
-437.24
-116.94
-320.30
0.00
0.00
-7.44
-7.41
-2.00

Dec in LT borrowings
Dec in trade payables
Dec in short term provisions
Inc in tangible asset
Inc in CWIP
Inc in intangible asset in progr
Inc in non-current inv
Inc in LT loans & advances
Inc in other non-CA
Inc in current investments
Inc in trade receivables
Inc in other current assets
Total

1230.29
703.35
102.25
89.14
360.81
589.51
1585.01
214.14
14.95
173.30
48.19
42.21
5153.15

Uses of WC
Dec in LT borrowings
Inc in tangible asset
Inc in CWIP
Inc in intangible asset in progr
Inc in non-current investments
Inc in LT loans & advances
Inc in other non-CA
Change in current investments
Total uses of

1230.29
89.14
360.81
589.51
1585.01
214.14
14.95
173.30
4257.15

Change in trade payables

Change in ST provisions
Change in other CL

Total Change in CL

Uses
Dec in LT borrowings
Dec in trade payables
Dec in short term provisions
Inc in tangible asset
Inc in CWIP
Inc in intangible asset in progr
Inc in non-current inv
Inc in LT loans & advances
Inc in other non-CA

-703.35
-102.25
907.57

101.97

1230.29
703.35
102.25
89.14
360.81
589.51
1585.01
214.14
14.95

Inc in current investments

Inc in trade receivables
Inc in other current assets
Total uses

173.30
48.19
42.21
5153.15

CFS: Investing
Inc in GB (Gross Block)
Inc in CWIP
Inc in investments
Inc in other non-CA
Inc LT loans and advances
Total(eq B)

-1616.92
-360.81
-1758.31
-14.95
-214.14
-3965.13

Sum of A+B+C+D
Difference

Exp RE
Over statement of OCF

-773.18
112.44

ollow the following code for Type of flow:

O + : +ve Operating flow
O - : -ve Operating flow
+ : +ve Investing flow
-: -ve investing flow
+: +ve Financing flow
-: -ve Financing flow

Mahindra & Mahindra Limited

Balance Sheet as at 31st March, 2015

I.

EQUITY AND LIABILITIES

SHAREHOLDERS FUNDS :
(a) Share Capital
(b) Share Capital Suspense Account
(b) Reserves and Surplus
NON CURRENT LIABILITIES :
(a) Long Term Borrowings
(b) Deferred Tax Liabilities (Net)
(c) Other Long Term Liabilities
(d) Long Term Provisions
CURRENT LIABILITIES :
(a) Short Term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short Term Provisions

II.

Total
ASSETS
NON CURRENT ASSETS :
(a) Fixed Assets
Tangible Assets
Intangible Assets
Capital Work-in-Progress
Intangible Assets Under Development
(b) Non Current Investments
(c) Long Term Loans and Advances
(d) Other Non Current Assets
CURRENT ASSETS :
(a) Current Investments
(b) Inventories
(c) Trade Receivables
(d) Cash and Bank Balances
(e) Short Term Loans and Advances

(f) Other Current Assets

Total
Statement of Profit and Loss for the year ended 31st March, 2015

Gross Revenue from Sale of Products and Services

Less : Excise Duty
Net Revenue from Sale of Products and Services
Other Operating Revenue
Revenue from Operations (Net)
Other Income
Total Revenue
Expenses :
Cost of Materials Consumed
Purchases of Stock-in-Trade
Changes in Inventories of Finished Goods, Work-in-Progress, Stockin-Trade and Manufactured Components
Employee Benefits Expense
Finance Costs
Depreciation and Amortisation Expense
Other Expenses
Less : Cost of Manufactured Products Capitalised
Total Expenses
Profit Before Exceptional Item and Tax
Add : Exceptional Items
Profit Before Tax
Less : Tax Expense
Current Tax
Less : MAT Credit Entitlement
Net Current Tax
Deferred Tax (Net)
Implied tax rate
Profit for the year
Dividend
Retained earnings

Earnings per equity share

(Face value Rs. 5/- per share) (Rupees)
Basic
Diluted
Dividend per share

Rupees crores
2015

295.70
18,959.39
19,255.09

2014

Average percentage of sales

295.16 No Change
16,496.03 Pro forma statement of P&L
16,791.19

2,514.13
979.70
614.34
607.34
4,715.51

3,744.42
889.65
586.27
510.33
5,730.67

7.88%
2.35%
1.51%
1.41%

106.25
5,365.45
2,041.13
1,461.44
8,974.27
32,944.87

0.74
6,068.80
1,133.56
1,563.69
8,766.79
31,288.65

0.13%
14.39%
4.00%
3.81%

5,795.44
134.02
755.67
1,423.09
8,108.22
11,372.74
3,232.26
103.44
22,816.66

5,706.30
170.65
394.86
833.58
7,105.39
9,787.73
3,018.12
88.49
19,999.73

14.48%
0.38%
1.45%
2.84%

1,765.42
2,437.57
2,558.03
2,064.77
773.10

1,592.12
2,803.63
2,509.84
2,950.39
945.83

4.23%
6.60%
6.38%
6.31%
2.16%

26.63%
7.87%
0.24%

529.32
10,128.21
32,944.87

487.11
11,288.92
31,288.65

1.28%

st March, 2015

Rupees crores
2015

2014

Average percentage of sales

40,579.30
2,187.69
38,391.61
553.81
38,945.42
848.94
39,794.36

42,575.04
2,611.68
39,963.36
545.14
40,508.50
717.99
41,226.49

104.65%
6.03%
98.62%
1.38%
100.00%
1.98%

20,272.48
7,359.37

21,630.08
8,076.92

52.72%
19.42%

323.63
2,316.93
214.30
974.90
4,600.57
36,062.18
100.99
35,961.19
3,833.17
335.72
4,168.89

(274.67)
2,163.72
259.22
863.34
4,294.28
37,012.89
103.04
36,909.85
4,316.64
52.79
4,369.43

0.08%
5.65%
0.60%
2.32%
11.21%
91.98%
0.26%
91.73%
10.25%
0.50%

835.92
92.72
743.20
104.58
847.78

837.95
488.15
349.80
261.28
611.08

2.11%
0.72%
1.39%
0.46%

0.2033586878

0.139853482

3,321.11
745.31
2,575.80

3,758.35
862.25
2,896.10

2.02%

56.23
53.66
12.00

63.67
61.07
14

Proforma balance sheet of 2016

assuming revenues from
operation increasing by 5%

295.70
21,772.60
22,068.30
2993.24
894.04
574.21
534.54
4996.04
51.17
5468.60
1518.34
1446.81
8484.92
35,549.26

5500.88
145.71
550.26
1079.29
7276.13
10120.30
2989.34
91.79
20477.57
1605.79
2506.68
2423.78
2398.57
822.10

486.12
10243.06
30720.62 External funds required

Proforma balance sheet of 2016

assuming revenues from
operation of 44,000
42793.55
2466.76
40326.78
565.91
40892.69
808.09
41700.78

21560.66
7940.43

31.27
2308.51
243.35
947.59
4582.80
37614.61
105.03
37509.58
4191.20
202.90
4394.10
861.81
295.07
566.74
186.78
753.52
0.17
3640.58
827.37
2813.21

###