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Final Accounts & CompanyFinal Accounts & CompanyReview.Review.
GROUP MEMBERS:-
VISHAL JADHAV
NILESH WADHWA
PANKAJ KATHAYAT
RAVI GERA
MBA 2010
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y INTRODUCTIONy
Definition of Accountingy Accounting is the art of recording, classifying and summarizing in a significantmanner and in terms of money, transactions and events which are, in part at least,
of financial character and interpreting the results thereof.
y Basic Steps of Accountingy Identifying the transaction and Events
y Measuring the identified transactions and events
y Recording
y Classifying
y Summarizing
y Analysis
y Interpretingy Communicating
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Primary objective of AccountingPrimary objective of Accounting
y To maintain accounting records
y To calculate the results of operations
y To ascertain the financial position
y
To communicate the information to the usersAdvantages of Accounting
Facilitates to replace memory
Facilitates to comply with legal requirements
Facilitates to ascertain net result of operations
Facilitates to ascertain financial position
Facilitates the users to take decisions
Facilitates a comparative study
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Branches of AccountingBranches of Accounting
y Facilitates control over Assets
y Facilitates the settlement of tax liability
y Facilitates the ascertainment of value of business
y Facilitates raising loans
CostAccounting
ManagementAccounting
SocialresponsibilityAccounting
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Golden Rule of AccountingGolden Rule of Accounting
Personal
Debit thereceiver
Credit the
giver
Real
Debitwhat
comes in
Credit
what goesout
Nominal
Debit allexpensesand losses
Credit all
incomesand gains.
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Type of Accounts Rules for credit Rules for Credit
For Assets Accounts Debit the increase Credit the decrease
For LiabilitiesAccounts
Debit the decrease Credit the increase
For Capital Accounts Debit the decrease Credit the increase
For Revenue Accounts Debit the decrease Credit the increase
For ExpensesAccounts
Debit the decrease Credit the decrease
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Company ReviewCompany Review
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y Thomas Cook AG : The company was founded by Thomas Cook, acabinet-maker, in 1841 to carry temperance supporters by railway
between the cities of Leicester, Nottingham, Derby andBirmingham
y Thomas Cook (India) Ltd.: The Company launched its Indian
operations in 1881.y Nature of business:
y Thomas Cook (India) operates in the following areas of business,namely: Leisure Travel, Corporate Travel Management, MICE,Foreign Exchange, SWIFT Network, Travel Insurance, CreditCards, Pre-Paid Cards, Life Insurance and E-Business.
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Rupees in MillionYear ended Year ended
31st December, 2008 31st December, 2007
Revenues 2588 2230
Profit before axation and
Exceptional items
536 393
Provision for axation 187 72
Provision for Deferredaxation
(1) (25)
Provision for ringe
Benefit ax
16 12
Profit after axation and
beforeExceptional item
334 334
Exceptional item, net oftaxation
32 -
Profit after axation 302 334
ransferred from ReserveU/sec. 80 HHD of
the ncome ax Act, 1961
18 13
ransferred to General
Reserve
34 34
Proposed Dividend 93 124
EPS (Basic) afterexceptional items
1.78 1.76
EPS (Diluted) afterexceptional items
1.72 1.71
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Yea ended Yea ended
31stDecembe 2009 31stDecembe 2008
Revenues 2247 2588
P o itbe o eTaxationand
exceptionalitems
341 536
P ovision fo Taxation 114 187
P ovision fo Defe ed
Taxation
4 (1
P ovision fo F inge
BenefitTax
1 16
P ofitafte Taxationand
befo eExceptionalitem
222 334
Exceptionalitem netof
taxation
- 32
P ofitafte Taxation 222 302
T ansfe ed fromReserve
U/sec 80 HHDofthe
IncomeTaxAct 1961
15 18
TransferredtoGeneral
Reserve
22 34
ProposedDividend * 80 93
EPS (Basic after
exceptionalitems
1 06 1 76
EPS (Diluted after
exceptionalitems
1 03 1 71
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y Thomas Cook (India)
y BSE: 500413 NSE: THOMASCOOK
y Industry : Miscellaneous
y Balance Sheet -- in Rs. Cr. --
y Oct '05 Dec '06 Dec '07 Dec '08
Dec '09
y 12 mths 14 mths 12 mths 12 mths12 mths
y Sources OfFunds
y Total Share Capital 14.58 14.58 119.95121.67 21.74
y Equity Share Capital 14.58 14.58 16.0816.08 21.14
y Share Application Money 0.00 105.370.00 0.00 0.00
y Preference Share Capital 0.00 0.00
103.88 105.59 0.59
y Reserves 148.76 36.96 56.0175.71 250.79
y Revaluation Reserves 0.00 0.00 0.000.00 0.00
y Networth 163.34 156.91 175.96197.38 272.53
y Secured Loans 0.00 0.45 0.070.01 0.48
y Unsecured Loans 0.00 245.44 283.17257.40 167.10
y Total Debt 0.00 245.89 283.24
257.41 167.58
y Total Liabilities 163.34 402.80 459.20
454.79 440.11
Cox &KingsBSE: 533144 NSE: COX&KINGS
Industry : MiscellaneousBalance Sheet -- in Rs. Cr. --
Mar '06 Mar '07 Mar '08 Mar '09Mar '1012 mths 12 mths 12 mths 12
mths 12 mthsSources OfFunds
Total Share Capital 5.44 5.44 27.9327.93 62.92
Equity Share Capital 5.44 5.44 27.9327.93 62.92
Share Application Money 0.00 0.00 0.000.00 0.00
Preference Share Capital 0.00 0.00 0.000.00 0.00
Reserves 48.52 69.60 120.23 157.75
636.02Revaluation Reserves 0.00 0.00 0.00
0.00 0.00Networth 53.96 75.04 148.16 185.68
698.94
Secured Loans 45.75 27.21 50.2482.63 145.67
Unsecured Loans 18.59 30.00 71.30102.02 90.00
Total Debt 64.34 57.21 121.54 184.65235.67
Total Liabilities 118.30 132.25 269.70
370.33 934.61
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y Oct '05 Dec '06 Dec '07Dec '08 Dec '09
y 12 mths 14 mths 12 mths12 mths 12 mths
y Application OfFunds
y Gross Block 88.93 100.10105.71 114.92 123.79
y Less: Accum. Depreciation 38.0844.75 49.93 55.9563.41
y Net Block 50.85 55.3555.78 58.97 60.38
y Capital Work in Progress 2.85
0.58 3.77 1.042.27
y Investments 19.09 202.46192.67 192.54 192.54
y Inventories 0.00 0.000.00 0.00 0.00
y Sundry Debtors 76.44 110.90140.31 105.69 172.12
y Cash and Bank Balance 81.64
158.43 143
.91 131
.75116.85
y Total Current Assets 158.08269.33 284.22 237.44288.97
y Loans and Advances 39.0353.67 81.02 91.1291.40
y Fixed Deposits 3.43 2.212.00 1.24 1.26
Mar '06 Mar '07 Mar '08 Mar '09 Mar
'1012 mths 12 mths 12 mths 12
mths 12 mthsApplication OfFunds
Gross Block 18.13 25.8430.93 39.95 44.29
Less: Accum. Depreciation 9.62
12.61 16.22 20.7624.94
Net Block 8.51 13.23 14.7119.19 19.35
Capital Work in Progress 4.57 0.572.54 3.66 7.34
Investments 35.87 61.7198.59 109.53 323.41
Inventories 1.14 1.90 4.053.53 5.58
Sundry Debtors 44.55 74.08154.22 184.96 209.03
Cash and Bank Balance 26.6015.42 35.06 27.58201.06
Total Current Assets 72.29 91.40193.33 216.07 415.67
Loans and Advances 90.22 95.63139.86 222.37 262.51
Fixed Deposits 0.00 0.00 0.000.00 0.00
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y Total CA, Loans & Advances200.54 325.21 367.24329.80 381.63
y Deffered Credit 0.00 0.000.00 0.00 0.00
y Current Liabilities 103.35167.89 143.17 113.20184.73
y Provisions 6.64 12.9017.10 14.36 11.98
y Total CL & Provisions 109.99180.79 160.27 127.56
196.71
y Net Current Assets 90.55144.42 206.97 202.24184.92
y Miscellaneous Expenses 0.000.00 0.00 0.000.00
y Total Assets 163.34 402.81459.19 454.79 440.11
y Contingent Liabilities 11.269.38 12.03 28.9541.06
y Book Value (Rs) 112.0135.34 4.48 5.7112.86
Total CA, Loans & Advances 162.51187.03 333.19 438.44678.18
Deffered Credit 0.00 0.000.00 0.00 0.00
Current Liabilities 78.16 102.56132.70 129.04 77.07
Provisions 15.01 27.7246.65 71.45 16.59
Total CL & Provisions 93.17
130.28 179.35 200.4993.66
Net Current Assets 69.3456.75 153.84 237.95584.52
Miscellaneous Expenses 0.000.00 0.00 0.000.00
Total Assets 118.29 132.26269.68 370.33 934.62
Contingent Liabilities 0.000.00 0.00 0.0015.75
Book Value (Rs) 99.18 137.9453.05 66.49 111.08