INTERNATIONAL SCHOOL

OF INFORMATICS AND
MANAGEMENT

ASSIGNMENT OF MANAGEMENT
ACCOUNTING

SUBMITTED TO SUBMITTED BY
Mr. Prashant sipani MITALI SABOO
FMSIIS/2018/25889
 CASH FLOW
STATEMENT
ANALYSIS
A company has some cash flow in
operating activity out of which is used in
financing activity in current year because
the operating activity have positive balance
and previous year negative balance so in
current year the company have good
liquidity position as compare to previous
year
 FUND FLOW
STATEMENT
(A) Changes in working capital (IN CRORES
Particulars 31 march 31 march increase Decrease
2017 2018
(A)current
assets
Inventories 690000 770000 80000

Financial
Assets
a)investmen
ts
b)Debtors 370000 420000 50000

c)bills 90000 75000 15000

receivable
d)cash and 50000 78000 28000
cash
equivalents
Total (a) 1200000 1343000 158000 15000
(b) current
liabilities
Creditors 750000 670000 80000
Total(b) 750000 670000 80000
Working capital 450000 673000
Total 238000 15000
Increase in 223000 223000
working capital

Fund flow operation

Opening balance of profit and loss account 285000
Less:stock dividend (50000)
Cash dividend (100000)
Provision for depreciation on machinery (40000)
Furniture (50000)
Closing balance (438000)
FFO (393000)
FUND FLOW STATEMENT
SOURCES AMOUNT APPLICATIONS AMOUNT
ISSUE OF 250000 PURCHASE 180000
SHARES OF MACHINERY
FFO 393000 PURCHASE OF 40000
FURNITURE
INCREASE IN 223000
WORKIG
CAPITAL
DIVIDEND PAID 100000
REPAYMENT OF 100000
LOAN
TOTAL 693000 TOTAL 693000
 Introduction
Oil and Natural Gas Corporation (ONGC) is an Indian multinational oil and gas company
earlier headquartered in Dehradun, Uttarakhand, India. As a Corporation, its registered office is
now at Dindayal Urea Bhavan, Vasant Kunj, New Delhi 110070 India. It is a Public Sector
Undertaking (PSU) of the Government of India, under the administrative control of the Ministry
of Petroleum and Natural Gas. It is India's largest oil and gas exploration and production
company. It produces around 70% of India's crude oil (equivalent to around 30% of the country's
total demand) and around 62% of its natural gas.
In a government survey for fiscal year 2016-17, it was ranked as the largest. PSU in India. It is
ranked 11th among the Top 250 Global Energy Companies by Platts.
ONGC was founded on 14 August 1956 by Government of India, which currently holds a
68.94% equity stake. It is involved in exploring for and exploiting hydrocarbons in
26 sedimentary basins of India, and owns and operates over 11,000 kilometers of pipelines in
the country. Its international subsidiary ONGC Videsh currently has projects in 17 countries.
ONGC has discovered 6 of the 7 commercially producing Indian Basins, in the last 50 years,
adding over 7.1 billion tones of In-place Oil & Gas volume of hydrocarbons in Indian basins.
Against a global decline of production from matured fields, ONGC has maintained production
from its brownfields like Mumbai High, with the help of aggressive investments in various IOR
(Improved Oil Recovery) and EOR (Enhanced Oil Recovery) schemes. ONGC has many
matured fields with a current recovery factor of 25–33%. Its Reserve Replacement Ratio for
between 2005 and 2013, has been more than one. During FY 2012–13, ONGC had to share the
highest ever under-recovery of INR 8993.78 billion (an increase of INR 567.89 million over
the previous financial year) towards the under-recoveries of Oil Marketing Companies
(IOC, BPCL and HPCL). On 1 November 2017, the Union Cabinet approved ONGC for
acquiring majority 51.11% stake in HPCL (Hindustan Petroleum Corporation Limited). On Jan
30th 2018, Oil & Natural Gas Corporation acquired the entire 51.11% stake of Hindustan
Petroleum Corporation