Q. BALANCE SHEET AND INCOME STATEMENT OF MARUTI SUZUKI.

(Please refer to the solution below balance sheet.)

BALANCE SHEET OF MARUTI MAR 20 MAR 19 MAR 18 MAR 17 MAR 16  

SUZUKI INDIA (in Rs. Cr.)

  12 mths 12 mths 12 mths 12 mths 12 mths  

EQUITIES AND  
LIABILITIES

SHAREHOLDER'S FUNDS  

Equity Share Capital 151.00 151.00 151.00 151.00 151.00  

TOTAL SHARE CAPITAL 151.00 151.00 151.00 151.00 151.00  

Reserves and Surplus 48,286.00 45,990.5 41,606.30 36,280.1 29,733.20  

0 0

TOTAL RESERVES AND 48,286.00 45,990.5 41,606.30 36,280.1 29,733.20  

SURPLUS 0 0

TOTAL SHAREHOLDERS 48,437.00 46,141.5 41,757.30 36,431.1 29,884.20  

FUNDS 0 0

NON-CURRENT  
LIABILITIES

Long Term Borrowings 0.00 0.00 0.00 0.00 0.00  

Deferred Tax Liabilities [Net] 598.40 564.00 558.90 466.20 194.30  

Other Long Term Liabilities 2,170.30 2,036.50 1,585.30 1,105.00 807.50  

Long Term Provisions 51.60 39.50 26.50 21.90 14.80  

TOTAL NON-CURRENT 2,820.30 2,640.00 2,170.70 1,593.10 1,016.60  

LIABILITIES

CURRENT LIABILITIES  

Short Term Borrowings 106.30 149.60 110.80 483.60 77.40  

Trade Payables 7,494.10 9,633.00 10,497.00 8,367.30 7,407.30  

Other Current Liabilities 3,014.80 3,743.30 4,274.30 3,926.50 3,155.60  

Short Term Provisions 679.60 624.40 560.00 449.00 398.90  

TOTAL CURRENT 11,294.80 14,150.3 15,442.10 13,226.4 11,039.20  

LIABILITIES 0 0

TOTAL CAPITAL AND 62,552.10 62,931.8 59,370.10 51,250.6 41,940.00  

LIABILITIES 0 0

ASSETS  

NON-CURRENT ASSETS  

Tangible Assets 15,374.50 14,956.7 13,047.30 12,919.7 12,163.10  

0 0

Intangible Assets 406.70 451.10 311.70 373.00 346.90  

Capital Work-In-Progress 1,337.40 1,600.10 2,125.90 1,252.30 1,006.90  

Other Assets 0.00 0.00 0.00 0.00 0.00  

FIXED ASSETS 17,118.60 17,007.9 15,484.90 14,545.0 13,516.90  

0 0

Non-Current Investments 35,248.80 31,469.5 34,072.90 26,302.2 18,875.40  

0 0

Deferred Tax Assets [Net] 0.00 0.00 0.00 0.00 0.00  

Long Term Loans And 0.20 0.20 0.20 0.30 0.40  

Advances

Other Non-Current Assets 1,757.10 2,092.60 1,890.70 1,626.90 1,701.30  

TOTAL NON-CURRENT 54,124.70 50,570.2 51,448.70 42,474.4 34,094.00  

ASSETS 0 0

CURRENT ASSETS  

Current Investments 1,218.80 5,045.50 1,217.30 2,178.80 1,056.80  

Inventories 3,214.90 3,325.70 3,160.80 3,262.20 3,132.10  

Trade Receivables 2,127.00 2,310.40 1,461.80 1,199.20 1,322.20  

Cash And Cash Equivalents 21.10 178.90 71.10 13.80 42.20  

Short Term Loans And 16.90 16.00 3.00 2.50 147.80  

Advances

OtherCurrentAssets 1,828.70 1,485.10 2,007.40 2,119.70 2,144.90  

TOTAL CURRENT ASSETS 8,427.40 12,361.6 7,921.40 8,776.20 7,846.00  

0

TOTAL ASSETS 62,552.10 62,931.8 59,370.10 51,250.6 41,940.00  

0 0

OTHER ADDITIONAL  
INFORMATION

CONTINGENT LIABILITIES,  
COMMITMENTS

Contingent Liabilities 12,955.50 12,090.3 10,181.20 9,642.10 9,368.70  

0

CIF VALUE OF IMPORTS  

Raw Materials 2,487.60 4,396.90 3,887.90 3,725.40 3,363.20  

Stores, Spares And Loose 64.00 58.50 66.10 20.10 62.90  

Tools

Trade/Other Goods 64.00 58.50 66.10 20.10 62.90  

Capital Goods 917.30 1,331.20 648.30 1,481.80 738.30  

EXPENDITURE IN  
FOREIGN EXCHANGE

Expenditure In Foreign 9,099.00 12,802.7 3,872.50 0.00 3,792.60  

Currency 0

REMITTANCES IN  
FOREIGN CURRENCIES
FOR DIVIDENDS

Dividend Remittance In -- -- -- -- 424.50  

Foreign Currency

EARNINGS IN FOREIGN  
EXCHANGE

FOB Value Of Goods -- -- -- -- 4,735.30  

Other Earnings 5,424.60 5,218.60 5,455.90 -- 57.00  

BONUS DETAILS  

Bonus Equity Share Capital -- -- -- -- --  

NON-CURRENT  
INVESTMENTS

Non-Current Investments 84.30 1,077.30 337.60 329.00 583.90  

Quoted Market Value

Non-Current Investments 34,775.70 30,609.1 33,041.90 25,606.2 18,404.60  

Unquoted Book Value 0 0

CURRENT INVESTMENTS  

Current Investments Quoted -- -- -- -- --  

Market Value

Current Investments 1,218.80 5,045.50 1,217.30 2,178.80 1,056.80  

Unquoted Book Value

Title: Application of Accounting Concepts and Conventions.

Items and related concepts and conventions:

1. Short Term Provisions: Every organisations or a firm maintains short

term provisions like provision for doubtful debts and from this principle
we came to that the organisation is following Prudence Concept where
losses are provided.
2. Tangible Assets : Here the principle followed is Verifiable objective
principle as this principle states that accounting should be free from
personal bias . Every assets in an organisation are recorded at cost price
as there are only verifiable documents like cash memo , sales bills etc if
assets are recorded at cost price.
3. Equity Share Capital: As we know that company and owner are two
different concepts and company has also got its common seal. In that
case any liabilities which the company needs to pay are recorded in
liabilities side of balance sheet. Here the Business Entity Concept is
followed.
4. Depreciation: Every company gets a new assets every financial year and
provides depreciation on those assets . Here the Going concern concept
is followed where it is assumed that business will go on forever.
5. Other Current Liabilities: Other current liabilities include outstanding
salaries etc and it is said that those transactions should only be recorded
when money is received. Here in this case Accural Concept is followed
which states that transactions needs to be recorded when it actually
takes place and not only when cash is received.
6. Money Measurement Principle: Every transaction are recorded in
monetary terms which clearly tells that Money measurement principle
is followed .
7. Full disclosure principle: According to this principle, there should be
complete and understandable reporting on the financial statements of
all significant information relating to economic affairs and every
organisation is following this Full disclosure concept.
8. Non Current assets and current assets: There is always enough assets in
every organisation which is usually required in an organisation and those
assets are bought thinking that business will last for a longer period of
time . Here the Going concern concept is followed again.
9. Inventories: Every organisation records inventories at market value
which is again following Prudence Principle.
10. Trade Receivables: Every organisation accept trade receivable from
their customers and entry in the books of accounts is only made after
the money is received. This clearly states that organisation follows
Revenue Recognition Principe.