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Value Added Statement

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For CA pursuing students these notes will be more helpful. Value Added statements one of the topic that CA students wants to get in Exam papers which helps them to score in Final exams very easily.

  • 1
    May-2015-20(a) page no:-26 Particulars Sales Less:- Cost of bought in mat.&- Services Adm.Expenses(Factory) Prodn & OPI Exp. (Exc. Local tax+Sal. To Adm staff) Int.& Other Charges Int.on B/O Int.on WCL Ex.Duties Other Mis.Charges Value Added earned from the mfg & OA Add:-Other Income Gross Value Added Appln from GVA To pay Employees Sal to Adm.Staff To pay Directors Directors fees To pay Govt. Local Tax Provs for IT To pay Cap.Providers Int. on FD D.V paid To provide for Main.& Exp. of the Comp. Depn FARR Retained pftt Sur.Car to B/S Bal.as per B/S Nov-2015 19(a) Page no:-20 Particulars Sales Less:-Cost of bought in mat. & ser Brightex Co. Ltd Value Added Statement For the year ended 31.12.'04 600 -60 Amt in ('000s) (180-5)lnc.D.S 109 20 uugggg. 180 264 620 5 8 55 51 160 16 400 540 Orange Ltd. VAS for the year ended 31.3.2015 Amt in (Rs.) Amt in (Rs.) 6240 -175 -3692 -573 1800 55 1855 1855 1,988.00
  • 2
    Prodn & Opg Exp. 1,030.00 (exc.tax & Salaries) Adm, Expenses 148.00 (exc.tax & Salaries) Int& other charges Int.on WCL 18.00 Exc.Duty Value Added received from "Mfg & Other Activities" Add:- Other Income Gross Value Added Appln of GVA To pay Employees Sal, Wages to Adm Staff To pay Directors Director's Fees To pay Govt. Cess & Local Tax 104.00 Income Tax 54.00 To pay Cap.Providers Int. on FD(AB) 20.00 Int. on FD(ICICI) 16.00 Div.Paid 190.00 Int.on Debn 4.00 To provide for Main.& Exp. of the Comp. Tfer to GR 90.00 Ret.Earnings 110.00 (130-20) 34.00 Epn Def.Tax 6.00 VAS an 6(a) Nov2013 QP Page no:-26 Particulars Step-I Calcn of T.lndex Val.Added (-) Emp.Cost before incentive. Cn O/OTI 2007-08 3,040.00 (1,268.00) 1,772.00 6,000.00 30.00% 158.00 230.00 240.00 2008-09 3,600.00 (1,476.00) 2,124.00 8,000.00 27.00% (1,030.00) (148.00) (18.00) (92.00) 700.00 110.00 810.00 164.00 18.00 158.00 230.00 240.00 810.00 2009-2010 4,200.00 (1,562.00) 2,638.00 10,000.00 26.00% Excess of act.cn over Ti
  • 3
    Tl is the highest % index of last 5 years : Value Added Statement for the year 2012-2013 30.00% Incentive is 50% of excess Amount of incentive given:- Particulars Sales Amt(Rs.) Less:-Cost of bought in goods & services Mat& Ser.Consumed Prodn exp. Adm.Exp Adv& sell exp Selling Exp Value added from Mfg & ser.activities Appln Section of Value added income To pay Employees Salaries Add:-lncentives To pay Directors Remuneration To pay Govt To pay taxes To pay Cap.Providers Int. on Debn Div.Proposed To provide for Main.& Exp of the Co. Depn on Ma/c Adm, Dep Sales Depn Ret,pft 1875 -173 6,400.00 1,600.00 700.00 600.00 150.00 2,325.00 173.00 80.00 800.00 1,000.00 350.00 120.00 1,702.00 Qn 8 Page no:-95 Walwaker Indradev Ltd. Ans:- Particulars Step-I Calcn of T.lndex Emp.Cost Value Added Emp.Cost to VA% Yr-I 650 1520 42.76% Amt(Rs.) 17,250.00 (9,450.00) 7,800.00 Appn in % Terms 2,498.00 60.00 1,190.00 880.00 3,172.00 7,800.00 Yr-2 760 1800 42.22% 0.32 0.01 0.15 0.11 0.41 1 Yr-3 840 2100 40.00% Value Added Statement for the Yr-6
  • 4
    Particulars Sales Less:- Amt(Rs.) Less:-Cost of bought in goods & services Prodn o/H Prodn Exp Office Exp Sales office exp Mat.Consumed Value added from Mfg & ser.activities Add:- Other Income GVA Qn.13-Page no:-7 Saimukundan A.VaIue Added Statement Details Sales Less:- Trad.Pft (arrived after Considering Value Appln items) Opg Exp.before exc.certain items Less:-Salary & Wages to Emp. Less:-Directors Rem. Opg Exp. Add:-Other Income Int.lncome Rental Income Less:-Extraordinary Items Gross Value Added Net Value Added Qn.14-Page no:-7 Saimukundan Details Sales Less:- Dec.in Stock Mfg & other Expenses Purchases Add:- Other Income Gross Value Added Rs. 700.00 300.00 200.00 2,500.00 8,540.00 (766.00) 7,774.00 (1,475.00) (145.00) 6,154.00 Amt(Rs.) 7,300.00 (3,700.00) 3,600.00 3,600.00 8,540.00 (6,154.00) 9.00 33.00 (7.00) 2,421.00 2,300.00 GVA-Depn Amt in Rs. (24,000.00) (230,000.00) 155,000.00 Least Cost Tl Improvement in Cost Tl Employer Emplyee Bonus Based upon the pft for the Yr Employer Employee B.VaIue Added Application Applied Towards I.Employees Sal. 2.Man.Personnel Dir.Fees 3.Retained for the Company (Ma Depn. Ret.Pfts(Last fig,in statement) 3.Providers of Capital finance Int.(Ass.Long term interest) Proposed Dividend 4. Govt. Provision for Tax B.VaIue Added Application Applied Towards I.Employees Wages&Salaries 2.Man.Personnel 3.Retained for the Company (Ma Deb.Red.Reserve Gen,Reserve Retained Pfts-Bal Carr.to B/S (Clg2.7 lakhs-Opg2.38 lakhs)
  • 5
    Qn.15-Page no:-8 Saimukundan Details Amt in Rs.(in lakhs) Sales 800.00 Less:- Prod.& OPI Expenses (540.00) (600-60) (Rs.20 has been part of OPI Exp, so doesn't exclude) Adm.Exp (Rs.30-Dir.Rem Rs.8) Int.& Other Charges (22.00) (10.00) 50.00 278.00 Depn on FA 3. Providers of Capital finance Proposed Dividend Finance Charges 4. Govt. Tax Provisions IT payments(Earlier Years) B.VaIue Added Application Applied Towards I.Employees Wages&Salaries 2.Man.Personnel Sal.for Directors 3.Retained for the Company (Ma Ret.Pfts (Cig Rs.50-Opg Rs.10) Gen.Reserve Depn 3. Providers of Capital finance Proposed Dividend Interest on ICICI & Debenture 4. Govt. (Rs.30-Fl on ICICI Rs.15-Fl on Deb Rs.5) Add:- Other Income Gross Value Added Reconciliiation b/w GVA & PBT GVA Less:-All Expenses Wages Directors fees Int.on TL Depn Pft Before Taxes Qn.16-Page no:-9 Saimukundan 1.Computation of Perfomance index PBT=GVA-AII Expenses applied from Value Added 278.00 (60.00) (8.00) (20.00) (20.00) 170.00
  • 6
    Details/Description Emp.Cost Value Added %Emp.Cost to Value Added Yr-I Yr-2 650 1520 42.76% Yr-3 760 1800 42.22% 840 2100 40.00% Least Perfomance index is the best performance index 2.Computation of CY Value Added Sales Less:-Cost of bought in Goods/Services Prodn Expenses Office Expenses Sales Iffuce Expenses Cost of materials GVA 7300 -700 -300 -200 -2500 3600 2.Computation of Improvement in Best Index Performance Actual Emp.Cost for the C.Y Wages Prodn Staff Adm,Staff Sales Staff Bonus Based on Tl of Rs.3600 Emp.Cost Saved Bonus to be shared (180*2/3) 700 200 300 60 1260 35% (CY PI is below than Past Yr PI of 1440 (Estd Cost maximum can come) 180 120 (Rs. In 000's) To be payable to Employees
  • 7
    Value added Statement Amt in (%) 0.3342 0.0027 0.0043 0.0296 0.0275 0.0863 0.0086 0.2156 0.2911 l.oooo (App.Amt on VA) in % Add:- Reconcilliation between TVA & PBT PBT Depn Int.on FD Dir.Fees Local Tax Sal.to Adm Staff GVA
  • 8
    % of GVA applied in each category of people 0.20 0.02 0.20 0.28 0.30 1.00 2010-2011 4,800.00 (1,838.00) 2,962.00 12,000.00 25.00% Add:- Reconciliation between GVA & PBT PBT Depn Cess& LC (inclusive of DT) 2011-2012 5,600.00 (2,090.00) 3,510.00 14,000.00 25.00% 2012-2013 7,800.00 (2,325.00) 5,475.00 17,250.00 32.00% 2.00% Sal& Wges Sal& com Int on F.D(20+16) Int.on Debn GVA Employee Cost Wages Prodn Salaries Adm.Salaries Sala.to Salees team 34.00 104.00 164.00 18.00 36.00 4.00 Amt(Rs.) 1,200.00 400.00 600.00 125.00 2,325.00
  • 9
    Yr-4 Yr-5 984 2400 41.00% 1120 2800 40.00% 1.00% 172.50 Yr-6 CY 1,260.00 3,600.00 35.00% 1440 180.00 504
  • 10
    5.00% 0.0333 0.0167 1800 60.00 30.00 0.67 0.33 Employee Cost Wages Prodn Salaries Adm.Salaries Sala.to Sals team % of Appln 60.93% 5.99% 13.42% 8.30% 11.36% 100.00% % of Appln 50.00% Amt(Rs.) 700.00 200.00 300.00 60.00 1,260.00 1,475.00 145.00 int.&Exp. Of the Com) 121 204 65.00 136.00 325.00 201.00 275.00 2,421.00 Amt in Rs. int.&Exp. Of the Com) 60,000.00 20,000.00 32,000.00
  • 11
    244,000.00 75,000.00 469,000.00 90,000.00 10,000.00 356,000.00 544,000.00 100,000.00 17.80% 27.20% 5.00% 100.00% Amt in Rs.(in lakl% of Appln 60.00 8.00 int.&Exp. Of the Com) 40.00 80.00 20.00 20.00 20.00 Arise 140.00 40.00 30 278.00 21.58% 2.88% 50.36% 14.39% 10.79% 100.00%
  • 12
    Yr-4 Yr-5 984 2400 1120 2800 40.00% 41.00% (Yr-4/Yr-5) 40%)
  • 13
    Statement showing the amount of ED &MC Total IC Int.on B/O Int.on WCL Int.on FD ED & MC Total IC ED ED 1,155.00 16.00 51.00 5.00 8.00 620.00 1,855.00 624.00 (109.00) (20.00) (51.00) 444.00 624 1/10 th of TVA
  • 14
    450.00 360.00 810.00
  • 15
    0.666666667 120.00

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