Balance sheet of reliance jio for ratio analysis
Answers
Answer:
Explanation:
Operating income during the year fell 29.9% on a year-on-year (YoY) basis.
The company's operating profit decreased by 29.4% YoY during the fiscal. Operating profit margins witnessed a rise and up at 17.6% in FY18 as against 17.5% in FY17.
Depreciation charges and finance costs decreased by 12.2% YoY and 27.1% YoY, respectively.
Other income grew by 9.6% YoY.
Net profit for the year declined by 107.8% YoY.
Net profit margins during the year declined from 3.7% in FY17 to 0.4% in FY18.
We have audited the accompanying standalone Ind AS financial statements of Reliance Jio Infocomm Limited (“the Company”), which comprise the Balance Sheet as at 31st March, 2018, and the Statement of Profit and Loss (including Other Comprehensive Income), the Cash Flow Statement and the Statement of Changes in Equity ...