Screener.in - Query

T

tmbsundar

New Member
#1
#1
Hi Tommy

Thanks for the entire dalal street team for this wonderful screener. I enjoy using it.

Just wanted to check one thing with you.

The Balance sheet totals seem to be not matching with the figures given in annual reports. e.g., I checked for Sundaram Brake Linings, Sterlite, Grasim, Maithan Alloys. Even the Current Assets and Current Liabilities figures don;t seem to be matching.

Am I missing something on How to read this?

This what I am trying to do ultimately: Current Assets - Total liabilities. There is no Total Liabilities or Total Assets in your Balance sheet variables. I am not able to calculate manually also these figures, because there is no way I can calculate Non-current liabilities or Non-current assets from the variables.

Please help me with these 2 questions: 1) Are the Balance sheet figures right? 2) How do I achieve the CA - TA calculation.

Thanks

Sundar
 
S

Screener.in

New Member
#4
#4
Question was answered by us on our blog: http://dalal-street.in/about/#comment-697683723

Hi Sundar,

From this year onwards, the presentation of balance sheets has changed with the amendments in Schedule VI of The Companies Act. Consequently, the figures of "Current Liabilities and Provisions" are now grouped under the Liabilities side in the Annual Report. In Screener however, the old format of Balance sheet has maintained to make previous years figures comparable.

Thus in Screener, "current liabilities and provisions" are not grouped under "Sources of funds" but reduced from current assets. Thus the figures are correct and it's just that the grouping has changed (with the same net effect).

You can get "Total Assets" by using "Balance sheet total + Current liabilities" in custom ratio.

Hope that helps, do let us know if you face any other issues.

Pratyush
Click to expand...
 
A

aryan.

Active Member
#6
#6
Screener.in said:
Hi Aryan, we have tried to follow the normal accounting format. Please let us know the discrepancy and we will look into it.
Click to expand...

Your balance sheet figures dont match the balance sheet figures given in the company's annual report.

e.g. - Reliance in annual report consolidated balance sheet total assets are 3,27,191 Cr while on your site its 249139.00 Cr

Why dont you follow the normal accounting format and show the same figure as given in the company's annual report.
 
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