Institute of Chartered Financial Analysts of India (ICFAI) University 2008 Certification Certified Financial Planner Portfolio management - Question Paper

OPBT
2091.93 2513.92 2903.90 3016.38 3136.26
Less: Preliminary expenses written off
53.24 53.24 53.24 53.24 53.24
Profit before tax
2038.69 2460.68 2850.66 2963.14 3083.02
Tax @ 35%
643.82 819.87 977.81 1033.44 1087.75
Profit after tax
1394.87 1640.81 1872.85 1929.70 1995.27
Sales:
Items\Years one two three four 5
Capacity Utilization (%) 70 80 90 90 90
Sales quantity (in ‘000 tonnes) 28 32 36 36 36
Unit Selling Price (Rs. per tonne) 18630 19282.05 19956.92 20655.41 21378.35
Total Sales (Rs. in lakh) 5216.40 6170.26 7184.49 7435.95 7696.21
(Rs. in lakh)
Raw materials:
Items/Years one two three four 5
Cost of Wood Pulp/tonne of finished product 2769.38 2921.69 3082.38 3251.91 3430.77
Cost of Waste Paper/tonne of finished product 3105.00 3213.68 3326.15 3442.57 3563.06
Cost of Non-wood fibre/tonne of finished product 1903.13 1931.67 1960.65 1990.06 2019.91
Cost of raw material (in Rs.)/tonne of finished
product 7777.51 8067.04 8369.18 8684.54 9013.74
Production (in ‘000 tonnes) 28 32 36 36 36
Total cost (Rs. in lakh) 2177.70 2581.45 3012.91 3126.43 3244.95
Allocation of contingencies and pre-operative expenses
(Rs. in lakh)
Assets Cost Contingencies Pre-operative expenses Total
Buildings 279.67 46.44 36.97 363.08
Plant and machinery 888.55 147.53 117.47 1153.55
Miscellaneous Fixed Assets 64.94 10.78 8.59 84.31
Total 1233.16 204.75 163.03 1600.94
calculation of Depreciation
Straight Line Method (Rs. in lakh)
Assets Depreciation
Building @ 3.33 percent 12.09
Plant and machinery @ 11 percent 126.89
Miscellaneous fixed assets @ nine percent 7.59
Total 146.57
Written Down Value Method
(Rs. in lakh)
Particulars one two three four 5
Buildings @ 10%
Opening balance 363.08 326.77 294.09 264.68 238.22
Less: Depreciation 36.31 32.68 29.41 26.47 23.82
Closing balance 326.77 294.09 264.68 238.22 214.40
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Suggested Answers with Examiner's Feedback
Plant & machinery @ 25%
Opening balance 1153.55 865.16 648.87 486.65 364.99
Less: Depreciation 288.39 216.29 162.22 121.66 91.25
Closing balance 865.16 648.87 486.65 364.99 273.74
Miscellaneous Fixed Assets @ 25%
Opening balance 84.31 63.23 47.42 35.56 26.67
Less: Depreciation 21.08 15.81 11.86 8.89 6.67
Closing balance 63.23 47.42 35.56 26.67 20.00
Fixed Assets
Opening balance 1600.94 1255.16 990.38 786.89 629.88
Less: Depreciation 345.78 264.78 203.49 157.02 121.74

Earning:   Approval pending.