Find the Current ratio = Current assets/Current liabilities Group Parent Company 31 December201831 March201831 December201831 March2018 NotesROROROROASSETS Non-current Property, plant and equipment56,406,4337,113,7593,683,6104,182,275Investment in subsidiaries --515,750515,750Fixed deposit9.11,048,399-1,048,399-Deferred tax assets27675,393537,722727,632602,078Non-current assets 8,130,2257,651,4815,975,3915,300,103Current Inventories64,481,2093,832,0104,450,5293,651,720Trade and other receivables73,771,1043,502,5743,244,8832,758,158Due from related parties18--351,8972,439,914Financial assets at fair value through profit or loss 8 187,604 193,088 187,604 193,088Fixed deposit9.1-1,025,000-1,025,000Cash and bank balances9908,8781,193,601901,0981,173,652Current assets 9,348,7959,746,2739,136,01111,241,532Total assets 17,479,02017,397,75415,111,40216,541,635EQUITY AND LIABILITIES Equity Share capital1012,500,00012,500,00012,500,00012,500,000Legal reserve113,480,9853,480,9853,314,3193,314,319Capital reserve1229,26929,26929,26929,269Retained earnings (2,024,793)(1,340,564)(3,838,147)(3,239,839)Total equity 13,985,46114,669,69012,005,44112,603,749LIABILITIES Non-current Term loans13684,360861,36834,38761,393Employees' end of service benefits14101,855132,22090,330123,072Non-current liabilities 786,215993,588124,717184,465Current Term loans13234,682234,68234,67834,678Short term loan151,500,000-1,500,000-Trade and other payables16969,7181,478,341883,2791,177,208Income tax payable 2,94421,453--Due to related parties18--563,2872,541,535Current liabilities 2,707,3441,734,4762,981,2443,753,421Total liabilities 3,493,5592,728,0643,105,9613,937,886Total equity and liabilities 17,479,02017,397,75415,111,40216,541,635

A current ratio is used by the company so that the portion of excess assets over the liabilities can…

Answered: Find the Current ratio = Current…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Current ratio = Current assets/Current liabilities

		Group		Parent Company
		31 December 2018	31 March 2018	31 December 2018	31 March 2018
	Notes	RO	RO	RO	RO
ASSETS
Non-current
Property, plant and equipment	5	6,406,433	7,113,759	3,683,610	4,182,275
Investment in subsidiaries		-	-	515,750	515,750
Fixed deposit	9.1	1,048,399	-	1,048,399	-
Deferred tax assets	27	675,393	537,722	727,632	602,078
Non-current assets		8,130,225	7,651,481	5,975,391	5,300,103
Current
Inventories	6	4,481,209	3,832,010	4,450,529	3,651,720
Trade and other receivables	7	3,771,104	3,502,574	3,244,883	2,758,158
Due from related parties	18	-	-	351,897	2,439,914
Financial assets at fair value through profit or loss	8	187,604	193,088	187,604	193,088
Fixed deposit	9.1	-	1,025,000	-	1,025,000
Cash and bank balances	9	908,878	1,193,601	901,098	1,173,652
Current assets		9,348,795	9,746,273	9,136,011	11,241,532
Total assets		17,479,020	17,397,754	15,111,402	16,541,635
EQUITY AND LIABILITIES
Equity
Share capital	10	12,500,000	12,500,000	12,500,000	12,500,000
Legal reserve	11	3,480,985	3,480,985	3,314,319	3,314,319
Capital reserve	12	29,269	29,269	29,269	29,269
Retained earnings		(2,024,793)	(1,340,564)	(3,838,147)	(3,239,839)
Total equity		13,985,461	14,669,690	12,005,441	12,603,749
LIABILITIES
Non-current
Term loans	13	684,360	861,368	34,387	61,393
Employees' end of service benefits	14	101,855	132,220	90,330	123,072
Non-current liabilities		786,215	993,588	124,717	184,465
Current
Term loans	13	234,682	234,682	34,678	34,678
Short term loan	15	1,500,000	-	1,500,000	-
Trade and other payables	16	969,718	1,478,341	883,279	1,177,208
Income tax payable		2,944	21,453	-	-
Due to related parties	18	-	-	563,287	2,541,535
Current liabilities		2,707,344	1,734,476	2,981,244	3,753,421
Total liabilities		3,493,559	2,728,064	3,105,961	3,937,886
Total equity and liabilities		17,479,020	17,397,754	15,111,402	16,541,635

Expert Solution

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions