Project the Depreciation expense for the year FY2020 using average Depreciation divided by NetPPEt-1 You...
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Project the Depreciation expense for the year FY2020 using average Depreciation divided by NetPPEt-1
You are an intern with an equity research organization. You have been given the task to project the values of certain income statement and balance sheet items for the next year (FY2020) for ABC Ltd (Your current time=0 is FY ending 2019). You have collected information about the historical income statement and balance sheet items. The historical information is provided in Table 1.
Table 1
| PARTICULARS (All values in INR crores) | FY2019 | FY2018 | FY2017 | FY2016 |
| Sales Revenue | 17273.00 | 15463.00 | 14789.00 | 13636.00 |
| EBITDA | 12213.00 | 9385.00 | 10237.00 | Not given |
| Depreciation expense | 1811.00 | 745.00 | 645.00 | Not given |
| EBIT | 10402.00 | 8640.00 | 9592.00 | Not given |
| Interest | 0.00 | 0.00 | 0.00 | Not given |
| EBT | 10402.00 | 8640.00 | 9592.00 | Not given |
| Tax | 2600.50 | 2160.00 | 2398.00 | Not given |
| Net Profit | 7801.50 | 6480.00 | 7194.00 | Not given |
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| Net PPE | 17032.00 | 14522.00 | 13064.00 | 12813.00 |
Net PPE: Net Property Plant and equipment (Balance sheet item)
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