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Financial Statements & Accounting

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Financial Statements & Accounting

Profit and Loss Statement

A statement of revenue earned and costs incurred over a period, ending in the profit or loss for that period.

Net Profit = Revenue + Other Income - Operating Expenses - Depreciation - Interest - Tax ₹ crore Financial Statements & Accounting

Profit Before Tax

Profit after all operating and financing costs but before income tax is deducted.

Profit Before Tax = Operating Profit + Other Income - Interest Expense - Exceptional Items ₹ crore Financial Statements & Accounting

Property, Plant and Equipment

Tangible long-lived assets used in operations, such as land, buildings, machinery and vehicles, shown net of accumulated depreciation.

Net Block = Gross Block - Accumulated Depreciation ₹ crore Financial Statements & Accounting

Provision

A liability of uncertain timing or amount that is recognised in the accounts because an outflow is probable and estimable.

Test: a present obligation exists, an outflow is probable, and a reliable estimate can be made; recognise the best estimate ₹ crore