NAME: TANISH BOHRA

CLASS: 12C
ROLL NO.: 20
UID:
PREFACE
COMPARATIVE AND
COMMON SIZE
INCOME
STATEMENT AND
BALANCE SHEET
ACKNOWLEDGEMENT
 INDEX
SERIAL NO. TOPIC PAGE NO.

INTRODUCTION
A comparative statement is a type of document that is used to compare a
particular financial statement with the period statements. The Previous
financials are presented alongside the latest figures in side-by-side columns, this
enables the investors to identify the trends, the track on which a company’s
progress is determined and the same can be compared with industry rivals.
Comparative statements are used to figure out finances which is a good practice
for the business owner.
Comparative Income Statement: A comparative income statement compares
the financial results of a company over multiple periods, typically for two or
more consecutive years. It allows analysts to observe trends, changes, and
growth rates in revenue, expenses, and net income over time. By comparing line
items side by side, it helps identify fluctuations in performance and highlights
areas of strength or weakness.
For example, a comparative income statement may present the revenue, cost of
goods sold, operating expenses, and net income for Year 1 and Year 2, allowing
stakeholders to assess the growth or decline in these figures.

Common-Size Income Statement: A common-size income statement, also

known as a vertical analysis, expresses each line item as a percentage of net
sales or revenue. It provides a way to compare the relative proportions of
various income statement components and evaluate their significance.
By converting the income statement into percentages, analysts can identify
patterns and changes in the composition of revenues and expenses. It helps in
understanding the relative contribution of different expense categories to overall
costs and assessing the company's operational efficiency.
For example, a common-size income statement may present each line item as a
percentage of net sales, allowing stakeholders to compare the proportions of
revenue, cost of goods sold, operating expenses, and net income.
Moving on to balance sheets:
Comparative Balance Sheet: A comparative balance sheet compares the
financial position of a company at different points in time, usually over two or
more consecutive years. It presents the assets, liabilities, and equity accounts for
each period side by side, highlighting changes and trends in the company's
financial position.
By analysing the comparative balance sheet, stakeholders can identify variations
in the composition and magnitude of assets, liabilities, and equity. It helps
assess the company's liquidity, solvency, and overall financial stability over
time.
Common-Size Balance Sheet: A common-size balance sheet, similar to the
common-size income statement, expresses each line item as a percentage of
total assets. It provides insights into the relative proportions of different asset
and liability categories and their impact on the company's financial structure.
By converting the balance sheet into percentages, analysts can analyse the
relative significance of each asset and liability category. It aids in understanding
the company's capital structure, asset composition, and financial risk.
For example, a common-size balance sheet may present each line item as a
percentage of total assets, allowing stakeholders to compare the proportions of
current assets, fixed assets, current liabilities, long-term debt, and shareholders'
equity.

NEED AND OBJECTIVE OF THE STUDY

Comparative Financial Statements:
Need: Comparative financial statements are needed to analyze the financial
performance of a company over multiple periods, typically comparing two or
more consecutive years. They provide a historical perspective and allow for
trend analysis.
Objectives: The objectives of comparative financial statements include:
 Identifying trends: Comparative statements help identify trends in
revenue, expenses, and net income over time. This allows stakeholders to
assess the company's growth, stability, and performance trajectory.
 Assessing changes: By comparing line items side by side, comparative
statements highlight changes in financial results. This helps in identifying
areas of improvement, such as increasing revenues, controlling expenses,
or managing profitability.
 Evaluating financial ratios: Comparative statements enable the
calculation of financial ratios (e.g., gross margin, operating margin, return
on assets) for different periods. These ratios provide insights into the
company's operational efficiency, profitability, and financial health.

Common-Size Financial Statements:

Need: Common-size financial statements are needed to analyze the relative
proportions of different components within the financial statements. They help
understand the composition and structure of the financial data.
Objectives: The objectives of common-size financial statements include:
 Assessing proportions: Common-size statements express each line item
as a percentage of a base amount (e.g., revenue for income statements,
total assets for balance sheets). This allows for the comparison of relative
proportions and helps in understanding the importance of different
components.
 Comparing companies: Common-size statements facilitate the
comparison of financial statements across companies of different sizes or
within the same industry. It helps identify differences in financial
structures and highlights areas of competitive advantage or concern.
 Identifying trends: By analysing the proportions of different line items
over time, common-size statements reveal changes in the financial
structure of a company. It aids in assessing shifts in asset composition,
debt levels, or capital structure.

LIMITATIONS OF THE STUDY

 Historical Perspective: Comparative financial statements primarily
focus on historical data. They do not capture real-time or future-oriented
information, which may limit their relevance in dynamic and rapidly
changing business environments.
 Lack of Context: Comparative financial statements do not provide
contextual information about the factors influencing the financial results.
They do not explain the underlying causes of changes or trends, requiring
additional analysis and information to interpret the data accurately.
 Incomplete Picture: Comparative financial statements only present
summarized financial information. They may not capture all the details or
nuances of individual transactions or specific events that could impact the
company's financial performance or position.
 Potential Manipulation: Comparative financial statements may be
subject to manipulation or bias if companies engage in creative
accounting practices. Companies can strategically present financial data
in a favourable light by selecting specific periods or adjusting accounting
policies, making it essential to exercise caution while interpreting the
information.
 Standard Ratio: Common-Size Statement does not help to take
decisions since there is no standard ratio/percentage regarding the change
of percentage in the various component of assets, liabilities, sales etc.
 Change in Price-level: Common-Size statement does riot recognise the
change in price level i.e. inflationary effect. So, it supplies misleading
information’s since it is based on historical cost.
 Following Consistency: If consistency in the accounting principle,
concepts, conventions is not maintained then Common Size Statement
becomes useless.
 Seasonal Fluctuation: Common-Size Statement fails to convey proper
records during seasonal fluctuations in various components of sales,
assets liabilities etc. e.g. sales and closing stock significantly vary. Thus,
the statement fails to supply the real information to the users of financial
statements.
 Window Dressing: Effect of window dressing in financial statements
cannot be ignored and Common-Size Statements fail to supply the real
positions of sales, assets, liabilities etc. due to the evil effects of window
dressing appearing in the financial statements.
 Qualitative Element: Common-Size Statement fails to recognise the
qualitative elements, e.g. quality of works, customer relations etc. while
measuring the performance of a firm although the same should not be
ignored.
 Liquidity and Solvency Position: Liquidity and solvency position
cannot be measured by Common-Size Statement. It considers the
percentage of increase or decrease in various components of sales, assets,
liabilities etc. In other words, it does not help to ascertain the Current
Ratio, Liquid Ratio, Debt Equity Capital Ratio, Capital Gearing Ratio etc.
which are applied in testing liquidity and solvency position of a firm.
 LITERATURE REVIEW
Comparative Income Statement:
The comparative income statement presents financial data for multiple periods
side by side, allowing analysts to observe changes in revenues, expenses, and
profitability over time.
Common-Size Income Statement:
A common-size income statement expresses each income statement item as a
percentage of net sales, allowing for vertical analysis and inter-company
comparisons.
Comparative Balance Sheet:
The comparative balance sheet presents the financial position of a company at
different points in time, highlighting changes in assets, liabilities, and equity.
Common-Size Balance Sheet:
A common-size balance sheet expresses each balance sheet item as a percentage
of total assets, providing a vertical analysis of a company's financial position.
 COMPANY PROFILE
ITC

BALANCE SHEET OF ITC FOR THE YEAR ENDED 31.3.22 AND 31.3.23

PARTICULUS NOTE 31.3.23 31.3.22

NO.
EQUITIES AND LIABILITIES
1 Shareholder’s Fund
a) Equity Share Capital 1242.80 1232.33
b) Reserves and Surplus 66351 58850.91
2 Non- Current Liabilities
a) Long term borrowings 3.28 4.54
b) Deferred Tax Liability(Net) 1621.13 1667.14
c) Other Long Term Liabilities 426.08 356.29
d) Long term Provisions 201.83 186.87
3 Current Liabilities
a) Short Term Borrowings 1.26 0.74
b) Trade Payables 4351.26 4223.40
c) Other Current Liabilities
7999.51 7198.35
d) Short Term Provisions
63.59 55.60
TOTAL 82261.74 75092.50
ASSETS
1 Non Current Assets
a) Tangible Assets 25154.80 20271.99
b) Intangible Assets 0.00 2584.42
c) Capital Work in Progress 0.00 2442.34
d) Other Assets 0.00 364.20
e) Non- Current Investments 16363.55 15657.32
f) Deferred Tax Assets (Net) 0.00 0.00
g) Long term Loan and Advances 4.07 5.06
h) Other Non -Current Assets 5535.88 2801.32
2 Current Assets
a) Current Investments 16357.07 11624.95
b) Inventories
10593.90 9997.77
c) Trade Receivables
2321.33 1952.50
d) Cash and Cash Equivalent
3831.26 3877.94
e) Short Term Loan and Advances
f) Other Current Assets 5.95 5.73
2093.93 3483.12

TOTAL 82261.74 75092.50

INCOME STATEMENT FOR THE YEAR 31.3.22 AND 31.3.23

INCOME 31.3.23 31.3.22

REVENUE FROM OPERATIONS 65,272.88 55,696.80

Other Income 2,437.61 2,589.97

TOTAL REVENUE 68,480.88 58,931.24

EXPENSES

Cost Of Materials Consumed 19,809.83 16,064.50

Purchase Of Stock-In Trade 9,109.85 10,734.48

Operating And Direct Expenses 0.00 0.00

Changes In Inventories Of FG,WIP And Stock-In -39.50 -566.46

Trade

Employee Benefit Expenses 3,569.46 3,061.99

Finance Costs 41.81 41.95

Depreciation And Amortisation Expenses 1,662.73 1,652.15

Other Expenses 9,649.16 8,113.10

TOTAL EXPENSES 43,803.34 39,101.71

PROFIT/LOSS BEFORE EXCEPTIONAL, 24,677.54 19,829.53

EXTRAORDINARY ITEMS AND TAX

Exceptional Items 72.87 0.00

PROFIT/LOSS BEFORE TAX 24,750.41 19,829.53

TAX EXPENSES-CONTINUED
OPERATIONS

Current Tax 5,997.10 4,833.88

Less: MAT Credit Entitlement 0.00 0.00

Deferred Tax 0.00 -62.18

Tax For Earlier Years 0.00 0.00

TOTAL TAX EXPENSES 5,997.10 4,771.70

PROFIT/LOSS AFTER TAX AND BEFORE 18,753.31 15,057.83

EXTRAORDINARY ITEMS

PROFIT/LOSS FROM CONTINUING 18,753.31 15,057.83

OPERATIONS

PROFIT/LOSS FOR THE PERIOD 18,753.31 15,057.83

 CONCEPTUAL FRAMEWORK:

COMPARATIVE BALANCE SHEET OF ITC FOR THE YEAR ENDED 31.3.22 AND 31.3.23

NOTE Absolute Percentage

PARTICULUS 31.3.23 31.3.22
NO. Change Change
EQUITIES AND LIABILITIES          
1 Shareholder’s Fund          
a)      Equity Share Capital   1242.8 1232.33 10.47 0.8496101
b)     Reserves and Surplus   66351 58850.91 7500.09 12.744221
2 Non- Current Liabilities          
a)      Long term borrowings   3.28 4.54
-1.26 -27.7533
b)     Deferred Tax
  1621.13 1667.14
Liability(Net) -46.01 -2.759816
c)      Other Long Term
  426.08 356.29
Liabilities 69.79 19.587976
d)     Long term Provisions   201.83 186.87 14.96 8.0055654
3 Current Liabilities          

a)      Short Term Borrowings   1.26 0.74

0.52 70.27027

b)     Trade Payables   4351.26 4223.4

127.86 3.0274187
c)      Other Current
  7999.51 7198.35
Liabilities 801.16 11.129773
d)     Short Term Provisions   63.59 55.6 7.99 14.370504
TOTAL   82261.74 75092.5 7169.24 9.5472118
ASSETS          
1 Non Current Assets          
a)      Tangible Assets   25154.8 20271.99
4882.81 24.086486

b)     Intangible Assets   0 2584.42

-2584.42 -100
c)      Capital Work in
  0 2442.34
Progress -2442.34 -100

d)     Other Assets   0 364.2

-364.2 -100
c) Non- Current
  16363.55 15657.32
Investments 706.23 4.510542
d) Deferred Tax Assets
  0 0
(Net) 0  
 e) Long term Loan and
  4.07 5.06
Advances -0.99 -19.56522
f) Other Non -Current
  5535.88 2801.32
Assets 2734.56 97.616838
2 Current Assets          
a)      Current Investments   16357.07 11624.95
4732.12 40.706584
b)     Inventories   10593.9 9997.77
596.13 5.9626297

c)      Trade Receivables   2321.33 1952.5

368.83 18.890141
d)     Cash and Cash
  3831.26 3877.94
Equivalent -46.68 -1.203732
e)     Short Term Loan and
  5.95 5.73
Advances 0.22 3.8394415
f)       Other Current Assets   2093.93 3483.12 -1389.19 -39.8835
TOTAL   82261.74 75092.5 7169.24 9.5472118

COMMON SIZE BALANCE SHEET OF ITC FOR THE YEAR ENDED 31.3.22 AND 31.3.23

NOTE Percentage of Total of

PARTICULUS 31.3.23 31.3.22
NO. Balance Sheet
        31.3.23 31.3.22
EQUITIES AND LIABILITIES          
1 Shareholder’s Fund          
a) Equity Share
  1242.8 1232.33
Capital 1.510787 1.6410827
b) Reserves and
  66351 58850.91
Surplus 80.6584 78.371222
2 Non- Current Liabilities          
a) Long term
  3.28 4.54
borrowings 0.003987 0.0060459
b) Deferred Tax
  1621.13 1667.14
Liability(Net) 1.970697 2.2201152
c) Other Long Term
  426.08 356.29
Liabilities 0.517956 0.4744682
d) Long term
  201.83 186.87
Provisions 0.245351 0.2488531
3 Current Liabilities          
a) Short Term
  1.26 0.74
Borrowings 0.001532 0.0009855
b)     Trade Payables   4351.26 4223.4 5.289531 5.6242634
b) Other Current
  7999.51 7198.35
Liabilities 9.72446 9.5859773
c) Short Term
  63.59 55.6
Provisions 0.077302 0.074042
TOTAL   82261.74 75092.5 100 100
ASSETS          
1 Non Current Assets          
a)      Tangible Assets   25154.8 20271.99 30.57898 26.996025
b)     Intangible Assets   0 2584.42 0 3.4416486
d) Capital Work in   0 2442.34 0 3.252442
 Progress
d)     Other Assets   0 364.2 0 0.4850018
e) Non- Current
  16363.55 15657.32
Investments 19.89205 20.850711
f) Deferred Tax
  0 0
Assets (Net) 0 0
g) Long term Loan
  4.07 5.06
and Advances 0.004948 0.0067384
h) Other Non –
  5535.88 2801.32
Current Assets 6.729593 3.7304924
2 Current Assets          
a) Current
  16357.07 11624.95
Investments 19.88418 15.48084
b)     Inventories   10593.9 9997.77 12.87828 13.313939
b) Trade
  2321.33 1952.5
Receivables 2.821883 2.6001265
c) Cash and Cash
  3831.26 3877.94
Equivalent 4.657402 5.1642175
d) Short Term Loan
  5.95 5.73
and Advances 0.007233 0.0076306
e) Other Current
  2093.93 3483.12
Assets 2.545448 4.6384393
TOTAL   82261.74 75092.5 100 100

COMPARATIVE INCOME STATEMENT OF ITC FOR THE YEAR ENDED 31.3.22 AND 31.3.23

Absolute Percentage
INCOME 31.3.23 31.3.22
Change Change 
REVENUE FROM OPERATIONS 65,272.88 55,696.80 9,576.08 17.19
Other Income 2,437.61 2,589.97 -152.36 -5.88
TOTAL REVENUE 68,480.88 58,931.24 9,549.64 16.2
EXPENSES        
Cost Of Materials Consumed 19,809.83 16,064.50 3,745.33 23.31
Purchase Of Stock-In Trade 9,109.85 10,734.48 -1,624.63 -15.13
Operating And Direct Expenses 0 0 0.00  
Changes In Inventories Of FG,WIP And
-39.5 -566.46
Stock-In Trade 526.96 -93.03

TOTAL EXPENSES    
   
PROFIT/LOSS BEFORE
EXCEPTIONAL,
24,677.54 19,829.53
EXTRAORDINARY ITEMS AND
TAX 4,848.01 24.45
Exceptional Items 72.87 0 72.87  
PROFIT/LOSS BEFORE TAX 24,750.41 19,829.53 4,920.88 24.82
TAX EXPENSES-CONTINUED    
OPERATIONS    
Current Tax 5,997.10 4,833.88 1,163.22 24.06
Less: MAT Credit Entitlement 0 0 0.00  
Deferred Tax 0 -62.18 62.18 -100
Tax For Earlier Years 0 0 0.00  
TOTAL TAX EXPENSES 5,997.10 4,771.70 1,225.40 25.68
PROFIT/LOSS FOR THE PERIOD 18,753.31 15,057.83 3,695.48 24.54

COMMON SIZE INCOME STATEMENT OF ITC FOR THE YEAR ENDED 31.3.22 AND 31.3.23

Percentage
of Revenue
INCOME 31.3.23 31.3.22
of
Operations  
      31.3.23  
REVENUE FROM OPERATIONS 65,272.88 55,696.80 100.00 100
Other Income 2,437.61 2,589.97 3.73 4.65
TOTAL REVENUE 68,480.88 58,931.24 104.91 105.81
EXPENSES       0
Cost Of Materials Consumed 19,809.83 16,064.50 30.35 28.84
Purchase Of Stock-In Trade 9,109.85 10,734.48 13.96 19.27
Operating And Direct Expenses 0 0 0.00 0
Changes In Inventories Of FG,WIP
-39.5 -566.46
And Stock-In Trade -0.06 -1.02
Employee Benefit Expenses 3,569.46 3,061.99 5.47 5.5
Finance Costs 41.81 41.95 0.06 0.08
Depreciation And Amortisation
1,662.73 1,652.15
Expenses 2.55 2.97
Other Expenses 9,649.16 8,113.10 14.78 14.57
TOTAL EXPENSES       0
PROFIT/LOSS BEFORE
EXCEPTIONAL,
24,677.54 19,829.53
EXTRAORDINARY ITEMS AND
TAX 37.81 35.6
Exceptional Items 72.87 0 0.11 0
PROFIT/LOSS BEFORE TAX 24,750.41 19,829.53 37.92 35.6
TAX EXPENSES-CONTINUED    
OPERATIONS   0
Current Tax 5,997.10 4,833.88 9.19 8.68
Less: MAT Credit Entitlement 0 0 0.00 0
Deferred Tax 0 -62.18 0.00 -0.11
Tax For Earlier Years 0 0 0.00 0
TOTAL TAX EXPENSES 5,997.10 4,771.70 9.19 8.57
PROFIT/LOSS FOR THE
18,753.31 15,057.83
PERIOD 28.73 27.04

HINDUSTAN UNILIVER
BALANCE SHEET OF ITC FOR THE YEAR ENDED 31.3.22 AND 31.3.23

NOTE
PARTICULUS 31.3.23 31.3.22
NO.
EQUITIES AND LIABILITIES      
1 Shareholder’s Fund      
a)      Equity Share Capital   235 235
b)     Reserves and Surplus   49,986.00 48,525.00
2 Non- Current Liabilities      
a) Long term borrowings   0 0
b) Deferred Tax Liability(Net)   6,325.00 6,141.00
c) Other Long Term Liabilities   2,317.00 2,339.00
d)     Long term Provisions   1,335.00 1,553.00
3 Current Liabilities      
a) Short Term Borrowings   0 0
b)     Trade Payables   9,391.00 8,864.00
b) Other Current Liabilities   1,857.00
1,746.00
c) Short Term Provisions   379 334
TOTAL   71825 69737
ASSETS      
1 Non Current Assets      
a)      Tangible Assets   52,425.00 5,813.00
b)     Intangible Assets   0 45,221.00
d) Capital Work in Progress   0 901
d)     Other Assets   0 0
e) Non- Current Investments   983 612
f) Deferred Tax Assets (Net)   0 0
g) Long term Loan and Advances   339
541
h) Other Non -Current Assets   2,029.00
2,002.00
2 Current Assets      
a)      Current Investments   2,811.00 3,510.00
b)     Inventories   4,031.00 3,890.00
c)      Trade Receivables   2,735.00 1,932.00
d) Cash and Cash Equivalent   3,618.00
4,422.00
e) Short Term Loan and Advances   34
35
f)       Other Current Assets   2,015.00 1,663.00
       
TOTAL   71,825.00 69,737.00

INCOME STATEMENT FOR THE YEAR 31.3.22 AND 31.3.23

INCOME 31.3.23  31.3.22 
REVENUE FROM OPERATIONS [GROSS] 58,154.00 50,336.00
Other Income 640 393
TOTAL REVENUE 59,784.00 51,586.00
EXPENSES    
Cost Of Materials Consumed 19,229.00 15,869.00
Purchase Of Stock-In Trade 11,968.00 9,274.00
Operating And Direct Expenses 0 0
Changes In Inventories Of FG,WIP And Stock-In Trade -53 -19

Employee Benefit Expenses 2,665.00 2,399.00

Finance Costs 101 98
Depreciation And Amortisation Expenses 1,030.00 1,025.00

Other Expenses 11,703.00 11,167.00

TOTAL EXPENSES 46,643.00 39,813.00
PROFIT/LOSS BEFORE EXCEPTIONAL, 13,141.00 11,773.00
EXTRAORDINARY ITEMS AND TAX

Exceptional Items -62 -34

PROFIT/LOSS BEFORE TAX 13,079.00 11,739.00
TAX EXPENSES-CONTINUED OPERATIONS    

Current Tax 3,117.00 2,778.00

Less: MAT Credit Entitlement 0 0
Deferred Tax 0 143
Tax For Earlier Years 0 0
TOTAL TAX EXPENSES 3,117.00 2,921.00
PROFIT/LOSS FOR THE PERIOD 9,962.00 8,818.00

CONCEPTUAL FRAMEWORK: -
COMPARATIVE BALANCE SHEET OF ITC FOR THE YEAR ENDED 31.3.22 AND 31.3.23
 NOTE Absolute Percentag
PARTICULUS 31.3.23 31.3.22
NO. Change e Change

EQUITIES AND LIABILITIES          

1 Shareholder’s Fund          
a)      Equity Share Capital   235 235 0 0
b)     Reserves and Surplus   49,986.00 48,525.00 1461 3.01
2 Non- Current Liabilities       0 0
a)      Long term borrowings   0 0 0 0
b)     Deferred Tax
 
Liability(Net) 6,325.00 6,141.00 184 3
c)      Other Long Term
 
Liabilities 2,317.00 2,339.00 -22 -0.94
d)     Long term Provisions   1,335.00 1,553.00 -218 -14.04
3 Current Liabilities       0 0
a)      Short Term
  0 0
Borrowings 0 0
b)     Trade Payables   9,391.00 8,864.00 527 5.95
c)      Other Current 1,857.00
 
Liabilities 1,746.00 111 6.36
d)     Short Term Provisions   379 334 45 13.47
TOTAL   71825 69737 2088 2.99
ASSETS       0 0
1 Non Current Assets       0 0
a)      Tangible Assets   52,425.00 5,813.00 46612 801.86
b)     Intangible Assets   0 45,221.00 -45221 -100
c)      Capital Work in
  0
Progress 901 -901 -100
d)     Other Assets   0 0 0 0
e)     Non- Current
 
Investments 983 612 371 60.62
f)       Deferred Tax Assets
  0 0
(Net) 0 0
g)      Long term Loan and 339
 
Advances 541 -202 -37.34
h)     Other Non -Current 2,029.00
 
Assets 2,002.00 27 1.35
2 Current Assets       0 0
a)      Current Investments   2,811.00 3,510.00 -699 -19.91
b)     Inventories   4,031.00 3,890.00 141 3.62
c)      Trade Receivables   2,735.00 1,932.00 803 41.56
d)     Cash and Cash 3,618.00
 
Equivalent 4,422.00 804 22.22
e)     Short Term Loan and 34
 
Advances 35 1 2.94
f)       Other Current Assets   2,015.00 1,663.00 352 21.17
        0 0
71,825.0
TOTAL   69,737.00
0 2088 2.99

COMMON SIZE BALANCE SHEET OF ITC FOR THE YEAR ENDED 31.3.22 AND 31.3.23
 NOTE Percentage of Total
PARTICULUS 31.3.23 31.3.22
NO. of Balance Sheet
           
EQUITIES AND LIABILITIES          
1 Shareholder’s Fund          
a)      Equity Share Capital   235 235 0.33 0.34
b)     Reserves and Surplus   49,986.00 48,525.00 69.59 69.58
2 Non- Current Liabilities          
a)      Long term borrowings   0 0    
b)     Deferred Tax Liability(Net)   6,325.00 6,141.00 8.81 8.81
c)      Other Long Term Liabilities   2,317.00 2,339.00 3.23 3.35
d)     Long term Provisions   1,335.00 1,553.00 1.86 2.23
3 Current Liabilities          
a)      Short Term Borrowings   0 0 0 0
b)     Trade Payables   9,391.00 8,864.00 13.07 12.71
c)      Other Current Liabilities   1,857.00
1,746.00 2.59 2.5
d)     Short Term Provisions   379 334 0.53 0.48
TOTAL   71825 69737 100 100
ASSETS          
1 Non Current Assets          
a)      Tangible Assets   52,425.00 5,813.00 72.99 8.34
b)     Intangible Assets   0 45,221.00 0 64.85
c)      Capital Work in Progress   0 901 0 1.29
d)     Other Assets   0 0    
e)     Non- Current Investments   983 612 1.37 0.88
f)       Deferred Tax Assets (Net)   0 0 0 0
g)      Long term Loan and 339
 
Advances 541 0.47 0.78
h)     Other Non -Current Assets   2,029.00
2,002.00 2.82 2.87
2 Current Assets          
a)      Current Investments   2,811.00 3,510.00 3.91 5.03
b)     Inventories   4,031.00 3,890.00 5.61 5.58
c)      Trade Receivables   2,735.00 1,932.00 3.81 2.77
d)     Cash and Cash Equivalent   3,618.00
4,422.00 6.16 5.19
e)     Short Term Loan and 34
 
Advances 35 0.05 0.05
f)       Other Current Assets   2,015.00 1,663.00 2.81 2.38
           
71,825.0 69,737.0
TOTAL  
0 0 100 100

COMPARATIVE INCOME STATEMENT OF ITC FOR THE YEAR ENDED 31.3.22 AND 31.3.23
INCOME 31.3.23 31.3.22 Absolute Percentage
Change Change
REVENUE FROM OPERATIONS [GROSS] 58,154.00 50,336.00 7,818.00 15.53
Other Income 640 393 247.00 62.85
TOTAL REVENUE 59,784.00 51,586.00 8,198.00 15.89
EXPENSES     0.00 0
Cost Of Materials Consumed 19,229.00 15,869.00 3,360.00 21.17
Purchase Of Stock-In Trade 11,968.00 9,274.00 2,694.00 29.05
Operating And Direct Expenses 0 0 0.00 0
Changes In Inventories Of FG,WIP And Stock-In -53 -19
Trade -34.00 178.95
Employee Benefit Expenses 2,665.00 2,399.00 266.00 11.09
Finance Costs 101 98 3.00 3.06
Depreciation And Amortisation Expenses 1,030.00 1,025.00 5.00 0.49
Other Expenses 11,703.00 11,167.00 536.00 4.8
TOTAL EXPENSES 46,643.00 39,813.00 6,830.00 17.16
PROFIT/LOSS BEFORE EXCEPTIONAL, 13,141.00 11,773.00
EXTRAORDINARY ITEMS AND TAX 1,368.00 11.62
Exceptional Items -62 -34 -28.00 82.35
PROFIT/LOSS BEFORE TAX 13,079.00 11,739.00 1,340.00 11.41
TAX EXPENSES-CONTINUED OPERATIONS    
0.00 0
Current Tax 3,117.00 2,778.00 339.00 12.2
Less: MAT Credit Entitlement 0 0 0.00 0
Deferred Tax 0 143 -143.00 -100
Tax For Earlier Years 0 0 0.00 0
TOTAL TAX EXPENSES 3,117.00 2,921.00 196.00 6.71
PROFIT/LOSS FOR THE PERIOD 9,962.00 8,818.00 1,144.00 12.97

COMMON SIZE INCOME STATEMENT OF ITC FOR THE YEAR ENDED 31.3.22 AND 31.3.23
INCOME 31.3.23 31.3.22 Percentage of Revenue
of Operations
      31.3.23 31.3.22
REVENUE FROM OPERATIONS 58,154.00 50,336.00
[GROSS] 100.00 100
Other Income 640 393 1.10 0.78
TOTAL REVENUE 59,784.00 51,586.00 102.80 102.48
EXPENSES    
Cost Of Materials Consumed 19,229.00 15,869.00 33.07 31.53
Purchase Of Stock-In Trade 11,968.00 9,274.00 20.58 18.42
Operating And Direct Expenses 0 0
Changes In Inventories Of FG,WIP And -53 -19
Stock-In Trade -0.09 -0.04
Employee Benefit Expenses 2,665.00 2,399.00 4.58 4.77
Finance Costs 101 98 0.17 0.19
Depreciation And Amortisation Expenses 1,030.00 1,025.00 1.77 2.04
Other Expenses 11,703.00 11,167.00 20.12 22.18
TOTAL EXPENSES 46,643.00 39,813.00 80.21 79.09
PROFIT/LOSS BEFORE 13,141.00 11,773.00
EXCEPTIONAL, EXTRAORDINARY 22.60 23.39
ITEMS AND TAX
Exceptional Items -62 -34 -0.11 -0.07
PROFIT/LOSS BEFORE TAX 13,079.00 11,739.00 22.49 23.32
TAX EXPENSES-CONTINUED    
OPERATIONS
Current Tax 3,117.00 2,778.00 5.36 5.52
Less: MAT Credit Entitlement 0 0 0.00 0
Deferred Tax 0 143 0.00 0.28
Tax For Earlier Years 0 0 0.00 0
TOTAL TAX EXPENSES 3,117.00 2,921.00 5.36 5.8
PROFIT/LOSS FOR THE PERIOD 9,962.00 8,818.00 17.13 0.19