Question

Following is the statement of Profit and Loss of Sun India Ltd. for the year ended 31st March, 2015 :

$\begin{array}{cccc}& \text{Note}& 31-03-2015& 31-03-2014\\ \text{Particulars}& \text{No}& \text{(Rs.)}& \text{(Rs.)}\\ & & & \\ \text{Revenue from Operations}& & 25,00,000& 20,00,000\\ \text{Other Incomes}& & 1,00,000& 5,00,000\\ \text{Employee benefit expenses}:& & 60\%\text{of Total Revenue}& 50\%\text{of Total Revenue}\\ \text{Other Expenses}& & 10\%\text{of Employee}& 20\%\text{of Employee}\\ & & \text{benefits expenses}& \text{benefits expenses}\\ \text{Tax Rate}& & 50\%& 40\%\end{array}$

You are required to prepare a Comparative Statement of Profit and Loss of Sun India Ltd. from the given statement of Profit and Loss.

Answer 1

Comparative Statement of Profit and Loss of Sun India Ltd. for the years ended 31st March, 2014 & 2015

$\begin{array}{cccccc}& & & & & \\ \text{Particulars}& \text{Note}& 2013-14& 2014-15& \text{Absolute}& \text{Percentage}\left(\%\right)\\ & \text{No.}& & & \text{Change}& \text{Change}\\ \text{I. Revenue from Operations}& & 20,00,000& 25,00,000& 5,00,000& 25.00\\ \text{II. Add Other Incomes}& & 5,00,000& 1,00,000& (4,00,000)& \left(80.00\right)\\ \text{III. Total Revenue (I + II)}& & \overline{\underset{–}{25,00,000}}& \overline{\underset{–}{26,00,000}}& \overline{\underset{–}{1,00,000}}& \overline{\underset{–}{4.00}}\\ \text{IV. Less : Expenses :}& & & & & \\ \text{Employee Benefit Expenses}& & 12,50,000& 15,60,000& 3,10,000& 24.80\\ \text{Other Expenses}& & 2,50,000& 1,56,000& (94,000)& \left(37.60\right)\\ \text{Total Expenses}& & \overline{\underset{–}{15,00,000}}& \overline{\underset{–}{17,16,000}}& \overline{\underset{–}{2,16,000}}& \overline{\underset{–}{14.40}}\\ \text{V. Profit before tax (III - IV)}& & 10,00,000& 8,84,000& (1,16,000)& \left(11.60\right)\\ \text{VI. Less : Tax}& & 4,00,000& 4,42,000& 42,000& 10.50\\ \text{VII. Profit after tax}& & \overline{\underset{–}{6,00,000}}& \overline{\underset{–}{4,42,000}}& \overline{\underset{–}{(1,58,000)}}& \overline{\underset{–}{26.33}}\end{array}$

Values (any two) :

1. Promoting environment friendly ways of supplying energy.

2. Development of rural areas.

3. Promoting use of indigenous resources.

4. Providing employment opportunities.