The select items from financial statements of PDP Co as below: Select items from annual audited...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The select items from financial statements of PDP Co as below: Select items from annual audited financial statements of PDP Co for the year ending 31st March 2021 and 2020 (INR in Crores) Total Assets Equity Current and Non-current Liabilities Total equity and liabilities. Revenue from operations Profit before tax (loss) 2021 36,396 10,331 26,065 36,396 61,431 352 (a). You are required to comment on the financial performance and financial condition of PDP during the year 2021 based on reported figures. Justify your comments. Total Assets Equity Current and Non-current Liabilities Total equity and liabilities Revenue from operations Profit before tax (loss) Current Ratio (b). Using the below select information of PDS Co which is a subsidiary of PDP, comment on financial performance and condition of PDS Co for the year 2021. Select items from annual audited financial statements of PDS Co for the year ending 31st March 2021 and 2020 (INR in Crores) 2021 18,519 2020 46,455 7,559 38,896 46,455 3,311 15,208 18,519 66,158 (4,845) 0 (1,818) 0.95 2020 18,201 5,342 12,859 18,201 965 (1,242) 1.30 (c). Using the following additional information about PDP along with your view about the financial condition of PDS Co in question "b you are required to compute adjusted profit before tax, total assets, total liabilities, and total equity of PDP as on 31st March 2021. Ignore the taxes while answering this question. Additional information: (1). As on 31st March 2021, PDP's non-current assets include non-current investment of Rs 850 crores in PDS Co., the subsidiary company of PDP for which parenting company is following equity method (111). As on 31st March 2021, PDP has given the corporate guarantee for borrowings of PDS for Rs 230 crores. (iv). As on 31st March 2021, PDP has deposited Rs 500 crores out of 750 crores for alleged misconduct of its subsidiary PDS. The remaining amount has to be deposited in next three months from the date of balance sheet. (d). You are required to comment on the financial performance and financial condition of PDP during the year 2021 based on adjusted figures as computed in question "c". Justify your comments. The select items from financial statements of PDP Co as below: Select items from annual audited financial statements of PDP Co for the year ending 31st March 2021 and 2020 (INR in Crores) Total Assets Equity Current and Non-current Liabilities Total equity and liabilities. Revenue from operations Profit before tax (loss) 2021 36,396 10,331 26,065 36,396 61,431 352 (a). You are required to comment on the financial performance and financial condition of PDP during the year 2021 based on reported figures. Justify your comments. Total Assets Equity Current and Non-current Liabilities Total equity and liabilities Revenue from operations Profit before tax (loss) Current Ratio (b). Using the below select information of PDS Co which is a subsidiary of PDP, comment on financial performance and condition of PDS Co for the year 2021. Select items from annual audited financial statements of PDS Co for the year ending 31st March 2021 and 2020 (INR in Crores) 2021 18,519 2020 46,455 7,559 38,896 46,455 3,311 15,208 18,519 66,158 (4,845) 0 (1,818) 0.95 2020 18,201 5,342 12,859 18,201 965 (1,242) 1.30 (c). Using the following additional information about PDP along with your view about the financial condition of PDS Co in question "b you are required to compute adjusted profit before tax, total assets, total liabilities, and total equity of PDP as on 31st March 2021. Ignore the taxes while answering this question. Additional information: (1). As on 31st March 2021, PDP's non-current assets include non-current investment of Rs 850 crores in PDS Co., the subsidiary company of PDP for which parenting company is following equity method (111). As on 31st March 2021, PDP has given the corporate guarantee for borrowings of PDS for Rs 230 crores. (iv). As on 31st March 2021, PDP has deposited Rs 500 crores out of 750 crores for alleged misconduct of its subsidiary PDS. The remaining amount has to be deposited in next three months from the date of balance sheet. (d). You are required to comment on the financial performance and financial condition of PDP during the year 2021 based on adjusted figures as computed in question "c". Justify your comments.
Expert Answer:
Answer rating: 100% (QA)
Answer a Comment on the financial performance and financial condition of PDP during the year 2021 based on reported figures Financial Performance Revenue from operations decreased from INR 66158 crore... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0133472264
5th Canadian edition
Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin
Posted Date:
Students also viewed these general management questions
-
The excerpts that follow are adapted from financial statements of a Canadian not-for profit organization. Requirements 1. How much was the entity's cost of property, plant, and equipment at March 31,...
-
The excerpts that follow are adapted from financial statements of a Canadian not-for profit organization. Requirements 1. How much was the entity's cost of property, plant, and equipment at March 31,...
-
These items are taken from financial statements of Beaulieu Limited for the year ended December 31, 2015: Cash.....................................................................................$...
-
A 25,000 kW turbo-generator is supplied with 128,000 kg/h of steam at 2.50 MPa and 400C when developing it rated load. There are actually extracted 10,400 kg h at 0.3 MPa and 8300 kg/h at 0.06 MPa....
-
1. Describe the change in management style at Perdue Farms. 2. How would you classify Perdue Farms organizational design? 3. What challenges does Perdue Farms face in the 21st Century? The history of...
-
Starbucks opened its first store in Zagreb, Croatia in October 2010. The price of a tall vanilla latte in Zagreb is 25.70kn. In New York City, the price of a tall vanilla latte is $2.65. The exchange...
-
Describe advances in medicine that have contributed to improving the quality of patient care.
-
Trekster Corrector guarantees its snowmobiles for three years. Company experience indicates that warranty costs will be approximately 4% of sales. Assume that the Trekster dealer in Colorado Springs...
-
2.) What is the specific goal of this lab? Exactly what question are you trying to answer? Be as specific as possible. ("To learn about topic X..." is not specific!) 3.) What specific measurements or...
-
1. What should BoB have done to avoid this situation? 2. Should the sales support staff ask the IT department to rewrite the user manual as a maintenance project, or should they request more training...
-
Which of the following expenditures would be included in the cost of a fixed asset? a. Mistakes in installation b. Sales taxes c. Uninsured theft d. Vandalism
-
How do stakeholder analyses inform strategic decision-making processes within complex organizational ecosystems ?
-
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales Variable expenses...
-
Within the realm of corporate social responsibility (CSR), how are stakeholder expectations integrated into sustainability reporting and disclosure practices ?
-
Information that has been determined based on the best information available using the correct process, what is also provides an adequate explanation is an example of which fundamental characteristic?
-
Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses for the month: Direct materials Direct labor $ 83,000 $ 42,000 Variable...
-
KK- The stockholders' equity of Virinsky Company at the beginning and end of 2021 totaled $125,000 and $136,000, respectively. Assets at the beginning of 2021 were $144,000. If the liabilities of...
-
What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability...
-
TELUS reports short-term investments on its balance sheet. Suppose a division of TELUS completed the following short-term investment transactions during 2013 and 2014: 2013 Nov. 6 Purchased 1,000...
-
Below is a list of accounts of Patel Consulting Ltd. at January 31, 2014. The unadjusted trial balance of Patel Consulting Ltd. at January 31, 2014, does not balance. In addition, the trial balance...
-
Wimberley Glass, Inc. has shops in the shopping malls of a major metropolitan area. The business completed the following transactions: June 1 Received cash of $25,000, and issued common shares to a...
-
Verify that the log-likelihood of model (7.7) is \(\sum_{i=1}^{k}\left[n_{i} \lambda-\exp (\lambda) ight]\). (a) Compute MLE of \(\lambda\). (b) Compute the Pearson chi-square statistic and compare...
-
Think about the general concept of a relationship, not necessarily in a business setting, but just relationships in general between any two parties. What aspects of relationships are inherently...
-
What is value? In what ways does a relationship selling approach add value to your customers, to you the salesperson, and to your sales organization?
Study smarter with the SolutionInn App