ASIAN PAINTS

Profit and loss statement for the yea

(Rupees in CR.)

EQUITIES AND LIABILITIES 2018

SHAREHOLDER'S FUNDS
Equity Share Capital 95.92
Total Share Capital 95.92
Reserves and Surplus 7,702.24
Total Reserves and Surplus 7,702.24
Total Shareholders Funds 7,798.16
NON-CURRENT LIABILITIES
Long Term Borrowings 9.87
Deferred Tax Liabilities [Net] 270.33
Other Long Term Liabilities 3.26
Long Term Provisions 107.35
Total Non-Current Liabilities 390.81
CURRENT LIABILITIES
Short Term Borrowings 0
Trade Payables 1,851.50
Other Current Liabilities 1,504.61
Short Term Provisions 42.85
Total Current Liabilities 3,398.96
Total Capital And Liabilities 11,587.93
ASSETS
NON-CURRENT ASSETS
Tangible Assets 2,477.44
Intangible Assets 91.09
Capital Work-In-Progress 1,391.84
Fixed Assets 3,960.37
Non-Current Investments 1,547.33
Long Term Loans And Advances 79.08
Other Non-Current Assets 500.06
Total Non-Current Assets 6,086.84
CURRENT ASSETS
Current Investments 1,030.01
Inventories 2,178.43
Trade Receivables 1,138.20
Cash And Cash Equivalents 120.84
Short Term Loans And Advances 12.17
OtherCurrentAssets 1,021.44
Total Current Assets 5,500.17
Total Assets 11,587.93
 ASIAN PAINTS
and loss statement for the year ended
(Rupees in CR.)

2017 2016 2015 2014

95.92 95.92 95.92 95.92

95.92 95.92 95.92 95.92
6,998.83 4,867.24 4,134.34 3,505.01
6,998.83 4,867.24 4,134.34 3,505.01
7,094.75 4,963.16 4,230.26 3,600.93

10.38 31.55 32.09 39.51

261.17 207.69 167.78 177.07
5.96 1.68 0 0.12
109.84 94.23 85.25 80.24
387.35 335.15 285.12 296.94

26.84 0 0 0
1,671.26 1,333.20 1,313.08 1,498.84
1,141.63 1,021.25 832.71 747.52
36.2 711.39 612.03 537.48
2,875.93 3,065.84 2,757.82 2,783.84
10,358.03 8,364.15 7,273.20 6,681.71

2,512.01 2,532.97 1,886.42 1,973.21

92.67 92.17 79.07 38.99
219.76 92.79 139.54 37.95
2,824.44 2,717.93 2,105.03 2,050.15
1,598.20 1,006.89 775.72 548.19
70.27 111.23 209.54 94.64
434.92 30.54 13.64 6.32
4,927.83 3,866.59 3,103.93 2,699.30

1,315.40 1,432.79 1,118.06 482

2,194.09 1,610.12 1,802.18 1,665.05
994.63 759.06 728.87 712.36
205.94 155.02 61.81 745.36
 13.55 221.91 205.43 201.54
706.59 318.66 252.92 176.1
5,429.63 4,497.56 4,169.27 3,982.41
10,358.03 8,364.15 7,273.20 6,681.71
 ASIAN PAIN
Profit and loss statement for
(Rupees in CR.)

INCOME
Revenue From Operations [Gross]
Less: Excise/Sevice Tax/Other Levies
Revenue From Operations [Net]
Other Operating Revenues
Total Operating Revenues
Other Income
Total Revenue
EXPENSES
Cost Of Materials Consumed
Purchase Of Stock-In Trade
Changes In Inventories Of FG,WIP And Stock-In Trade
Employee Benefit Expenses
Finance Costs
Depreciation And Amortisation Expenses
Other Expenses
Total Expenses

Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax

Exceptional Items
Profit/Loss Before Tax
Tax Expenses-Continued Operations
Current Tax
Deferred Tax
Tax For Earlier Years
Total Tax Expenses
Profit/Loss After Tax And Before ExtraOrdinary Items
Profit/Loss From Continuing Operations
Profit/Loss For The Period
 ASIAN PAINTS
and loss statement for the year ended
(Rupees in CR.)

Mar-18 Mar-17 Mar-16 Mar-15 Mar-14

14,329.17 14,162.13 13,992.15 12,878.80 11,542.02

391.69 1,713.32 1,533.50 1,393.13 1,241.80
13,937.48 12,448.81 12,458.65 11,485.67 10,300.22
230.38 198.3 187.23 163.16 118.56
14,167.86 12,647.11 12,645.88 11,648.83 10,418.78
277.5 300.17 225.3 186.82 173.66
14,445.36 12,947.28 12,871.18 11,835.65 10,592.44

7,100.16 6,737.45 5,842.29 6,191.72 5,758.71

742.57 646.53 524.42 380.56 256.58
154.12 -515.58 162.86 -132.43 -75.34
791.08 742.83 664.2 606.94 482.43
21.06 18.86 23.4 27.13 26.08
311.11 295.43 238.36 223.11 212.32
2,459.43 2,365.04 2,972.55 2,591.52 2,219.13
11,579.53 10,290.56 10,428.08 9,888.55 8,879.91

2,865.83 2,656.72 2,443.10 1,947.10 1,712.53

0 0 -65.35 -13.53 -9.96
2,865.83 2,656.72 2,377.75 1,933.57 1,702.57

968.87 817.27 743.74 616.42 498.63

2.57 41.33 39.91 -9.29 33.74
-0.41 -3.6 -3.33 -0.96 1.14
971.03 855 780.32 606.17 533.51
1,894.80 1,801.72 1,597.43 1,327.40 1,169.06
1,894.80 1,801.72 1,597.43 1,327.40 1,169.06
1,894.80 1,801.72 1,597.43 1,327.40 1,169.06
Assumption

1 Total Cost Cost of goods sold taken as a variable cost which is increasin
2 Fixed Cost Property, plant and equipment considered as Fixed Cost whic

output is assumed

COGS = Beginning Inventory + Purchases during the period – Ending Inventory.

Average Cost fixed cost Average Total Cost
output
AverageVariab
Variable Cost Marginal Cost
Output

Year Output Total Cost

2018 20000 11579.53
2017 15000 10,290.56
2016 10000 10,428.08
2014 5000 9,888.55
ariable cost which is increasing as the firm’s production increases
considered as Fixed Cost which bear company

eriod – Ending Inventory.

Total Cost
Output
change in total cost
change in total output

Fixed Cost Total Variable Cost Average Cost Average Variable cost Marginal Cost
3960.37 7,619.16 0.5790 0.3810
2,824.44 7,466.12 0.6860 0.4977 1,288.97
2,717.93 7,710.15 1.0428 0.7710 -137.52
2,105.03 7,783.52 1.9777 1.5567 539.53
Average Fixed Cost
0.1980185
0.19
0.27
0.42
 Capacity Utlization (expressed in %)

ACTUAL OUTPUT 100000

Year CAPACITY UTLIZATION

2018 5
2017 6.66666666666667
2016 0.1
2014 20
 actual level of output
maximum level of output

Chart Title
25
Output
20000 20

15000
15
10000
5000 10

0
2013.5 2014 2014.5 2015 2015.5 2016 2016.5 2017 2017.5 2018 2018.5

CAPACITY UTLIZATION Column G

2018 2018.5
 Total Cost TR profit(TR-TC) OUTPUT MR
11579.53 13937.48 2357.95 20000
10,290.56 12,448.81 2,158.25 15,000.00 1,488.67
10,428.08 12,458.65 2,030.57 10,000.00 -9.84
9,888.55 11,485.67 1,597.12 5,000.00 972.98

TR=P*Q
Price OUTPUT
0.696874 20000
0.83 15,000.00
1.25 10,000.00
2.30 5,000.00

OUTPUT
2.5

1.5

0.5

0
4000.000 6000.000 8000.000 10000.00012000.00014000.00016000.00018000.00020000.00022000.000
 profit(TR-TC)
2357.95
2,158.25
2,030.57
1,597.12

profit(TR-TC)
2500

2000

1500

1000

500

0
1 2 3 4
Marginal Cost

1,288.97
-137.52
539.53

Total Cost TR
11,579.53 13,937.48
10,290.56 12,448.81
10,428.08 12,458.65
9,888.55 11,485.67

Chart Title
16,000.00
14,000.00
12,000.00
10,000.00
8,000.00
6,000.00
4,000.00
2,000.00
0.00
1 2 3

Total Cost TR
 Average Cost Average Variable cost
0.5789765 0.380958
0.69 0.50
1.04 0.77
1.98 1.56

Chart Title
1400
1200
1000
800
600
400
200
0
0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2
-200
-400
4
Average Variable cost Marginal Cost
 MR Marginal Cost

1,488.67 1,288.97
-9.84 -137.52
972.98 539.53

art Title Chart Title

1,600.00
1,400.00
1,200.00
1,000.00
800.00
600.00
400.00
200.00
0.00
1 2 3
-200.00
3 4 -400.00
l Cost TR MR Marginal Cost
 Marginal Cost Marginal Cost Average Cost
0.5789765
1,288.97 1,288.97 0.69
-137.52 -137.52 1.04
539.53 539.53 1.98

art Title Chart Title

1600
1400
1200
1000
800
600
400
200
2 1.4 1.6 1.8 2 2.2
0
-400 -200 0 200 400 600 800
-200

ble cost Marginal Cost Average Cost MR

 Chart Title

2 3 4

MR Marginal Cost
 MR

1,488.67
-9.84
972.98

Chart Title

200 400 600 800 1000 1200 1400

Average Cost MR
Name Last Price Market Cap.
Asian Paints 1,333.90 127,947.39
Berger Paints 311.30 30,228.32
Kansai Nerolac 480.80 25,911.26
Akzo Nobel 1712.35 7,989.88
Sirca Paints 237.15 433.26
Shalimar Paints 118.95 309.87
Jenson Nicholso 3.2 11.98

Competitve structure
140,000.00

120,000.00

100,000.00

80,000.00

60,000.00

40,000.00

20,000.00

0.00
Last Price Market Cap. Sales Net Pro
-20,000.00

Asian Paints Berger Paints Kansai Nerolac A

Sirca Paints Shalimar Paints Jenson Nicholso
 Sales Net Profit Total
Assets
14,167.86 1,894.80 7,808.03
4,723.79 431.84 2,286.88
4,586.57 516.4 3,134.83
2,719.35 400.57 1,293.10
-- -- -
271.19 -45.42 296.06
7.65 3.28 -265.7

mpetitve structure

ket Cap. Sales Net Profit Total Assets

er Paints Kansai Nerolac Akzo Nobel

mar Paints Jenson Nicholso