Solution: Financial statemnets and horizontal analysis | FY07 | FY08 | FY09 | (Rs. Million) | | | | Balance Sheet | | | | Total equity | 1,151,761 | 1,338,521 | 1,402,442 | Total non-current liabilities | 59,050 | 378,254 | 510,026 | Total current liabilities | 1,568,310 | 1,629,125 | 1,095,266 | Total liabilities | 1,827,360 | 2,007,379 | 1,605,292 | Total equity and liabilities | 2,979,121 | 3,345,900 | 3,007,734 | Totoal non-current assets | 1,268,174 | 1,714,085 | 1,833,749 | Total current assets | 1,710,947 | 1,631,815 | 1,173,985 | Total assets | 2,979,121 | 3,345,900 | 3,007,734 | | | | | Profit and Loss Account | | | | Net sales | 4,168,938 | 3,794,949 | 3,352,328 | Gross profit | 614,211 | 369,880 | 532,355 | Operating profit | 390,476 | 6,959 | 332,335 | Profit before tax | 293,276 | 53,607 | 101,841 | Profit after tax | 194,276 | 65,397 | 63,921 | Horizontal Analysis | | % Change w.r.t. 2006 | % Change w.r.t. 2007 | % Change w.r.t. 2008 | Balance Sheet | | | | Total equity | 114.32% | 116.22% | 104.78% | Total non-current liabilities | 148.56% | 146.02% | 134.84% | Total current liabilities | 102.08% | 103.88% | 67.23% | Total equity and liabilities | 106.81% | 109.85% | 79.97% | Totoal non-current assets | 109.60% | 112.31% | 89.89% | | 122.39% | 135.16% | 106.98% | Total current assets | 101.71% | 95.37% | 71.94% | Total assets | 109.60% | 112.31% | 89.89% | | | | | Profit and Loss Account | | | | Net sales | 137.68% | 91.03% | 88.34% | Gross profit |