Mar 31, 2015
1.(b) Rights, preferences and restrictions attached to shares:
The Company has only one class of equity shares having a par value of'
10 per share. Each Shareholder is eligible for one vote per share held.
The company declares dividends in Indian rupees. In case the dividend
proposed by the board of Directors is subject to the approval of the
Shareholders in the ensuing Annual General Meeting. In the event of
liquidation, the equity shareholders are eligible to receive in
proportion to their shareholding, the assets of the Company remaining
after distribution of preferential amount
* The Company has given undertaking to certain financial institutions
not to dispose off these investments without their prior consent till
the loans sanctioned by them to the investee companies remain
outstanding.
# Companies under the same management.
** During the previous year, the Company has given undertaking to a
bank not to dispose, transfer, pledge charge or create a lien on the
existing or future shares of Akla Investments private Limited
(Mauritus), till the financial assistance granted by the bank in the
form of bank guarantee in favour of an associate company remains due
and outstanding.
2. OVERVIEW
Samtei India Limited which commenced operations in the year 1983,
manufacture picture tubes for black & white televisions, trades color
television tubes and supplies skilled and unskilled manpower. It is
listed on the National Stock Exchange of India and Bombay Stock
Exchange of India. The corporate office is situated in New Delhi.
3. CONTINGENT LIABILITIES AND COMMITMENTS
Contingent Liabilities not provided for in respect of:
(FIGURES IN Rs.)
Description Current Year Previous Year
a) Disputed Excise Duty and Other demands 15,70,000 15,70,000
b) Income Tax demands where the cases are 2,76,71,668 2,76,71,668
pending at various stages of appeal with
the authorities
c) Sales Tax Demand where the case are pending 36,20,500 36,20,500
before assessing officer after remand from
Joint commissioner Sales Tax.
4. In the opinion of the Board, Current Assets, Loans and Advances
have a value on realization in the ' ordinary course of business at
least equal to the amount at which they are stated and provision for
all known liabilities has been made and considered adequate.
5. Taxation
The Company has carried forward losses/unabsorbed depreciation under
the income tax Act, 1961. However, in view of uncertainty of future
taxable income of the Company, in accordance with Accounting Standard
AS-22" Accounting for Taxes on Income" notified in the Companies
Accounting Standard Rule 2006, the net deferred tax assets have not
been recognized in the accounts.
6. The Company has already started the process of identifying the
Micro, Small and Medium Enterprises as defined under the "The Micro,
Small and Medium Enterprises Development Act, 2006". However, based on
the information available with the Company as of now, no enterprises
have been identified, who are registered under the said Act.
7. The management has recognized a permanent diminution in the value
of the investments in Samtel Colors Limited (SCL) thereby the
investment value has been reduced by Rs. 21,91,140 (previous year Rs.
36,12,420) and Samtel Glass Limited (SGL) by Rs. Nil (previous year Rs.
1,28,64,000). In current year diminution in value of long term
investment of SGL has not been done as in the view of the company, the
SGL is in the process of selling its Land and Building and the
discussions for disposal are in advance stage. The management is also
of the view that the realization value of Land will be much higher
after setting off all its liabilities, Hence, the value of long term
investment of SGL does not require any diminution. In case of Samtel
Color Limited, the above figures has been arrived as a difference
between book value and market value of the shares of Company and in
case SGL diminution has been derived as a difference between book value
and average of the three years net worth of the Company (in the
previous year).
8. Disclosure as required by Accounting (AS-17) 'Segment Reporting':
Based on the gulding principles in Accounting Standard AS17"Segment
Reporting" Notified in the Companies (Accounting Standard) Rule 2006,
the Company's only business segment during the year relates to "Supply
of manpower" In India. As a result the additional disclosure requiements
of AS-17 are not required.
9. Disclosures as required by Accounting Standard (AS-18) 'Related
Party Disclosures':
A. List of Related Parties and Relationships
SI. Nature of Relationship Name of Related party
No.
a Related parties where control None
exists
b Key Management Personnel Satish K Kaura
Other related parties in respect of
which the Company had transaction
(i) Associates a) Samtel Machines & Projects
Limited
* b) Akla Investment Private
Limited
(ii) Enterprises over which key a. Samtel Color Limited
management personnel and/ or his b, Samtel Avionics Limite
relatives exercise significant c. Samtel Glass Limited
influence
10. After the cessation of plant (Black and White pictures for Black
and white TV Sets), Samtel India limited had, aimed to commence its
operation in trading of color picture tubes, however such proposal
could not be established/executed, due to low market demand. The
management of Samtel India Limited has a strong believe in entering
into new segment therefore it entered into the business for supplying
manpower to manufacturing unit, (especially to picture tube
manufacturing units). Since the demand of Cathode Ray Tube has sharply
declined, the business of manpower supply has been adversely affected.
In the earlier the Company is continuing with & simultaneously
exploring various new opportunities, like supply of manpower to
manufacturing unit ( especially to picture tube manufacturing units)
and in exploration evaluated the manufacturing possibilities & for that
intended to acquire suitable property also, but could not succeed due
to continuous recession and liquidity problem, Now the Company planning
to do trading activity and for that taking requisite steps for
obtaining necessary statutory / legal approvals. In view this, the
management has prepared and maintained its books of accounts on the
concept of "going concern".
11. Due to the accumulated losses the entire net worth of the Company
has been eroded at the end of financial year 2013-14. The management is
in the process of seeking legal opinion regarding the applicability of
provision of Sick Industrial Companied(Special Provision) Act,1985 and
necessary step will be initiated accordingly
12. During the previous year ended on 31st March 2011, the Company has
made reconciliation of Provident Fund Trust with the Company's books.
On reconciliation, it was found that the value of the assets was less
than the obligation of provident fund by Rs. 44,87,356/-. This is
basically the interest liability of the balance outstanding of
provident fund as at 31st March 2011. The balance outstanding as at
31.3.2015 is Rs. 17,82,871.
13. In earlier years, the Company has given security in the form of
pledge upto Rs. 59 lacs fully paid up equity shares of Rs.10 each of
Samtel Color Limited (SCL) held by the Company in favor of the bank
acting as trustee for itself and as agent for other lenders of SCL as
per the Corporate Debt Restructuring (CDR) Scheme of SCL as approved by
CDR Cell of RBI, as it has major investment in SCL and in view of the
management it would add long term value to the Company.
14. Unpaid portion in share premium, calls in arrears on equity share
issued in earlier years was ascertained on reconciliation during the
previous year, ended as at 31st March 2012.
15. The estimated useful lives of the fixed assets have been revised
in accordance with Schedule II to the Companies Act 2013, with effect
from 1st April, 2014. Pursuant to these changes in useful lives, the
depreciation expense for the Year ended 31st March 2015 is increased by
Rs. O.O8Lacs
16. Current year financial statements are prepared as per Accounting
Standard prescribed under section 133 read with rule 7 of Companies
(Accounts) Rules, 2014 and relevant provisions of Companies act 2013
and previous year financial statement were prepared as per relevant
provisions of the Companies Act, 1956 (refer General circular 08/2014
dated 04/04/2014 of the Ministry of Corporate Affairs for applicability
of relevant provisions/ schedules/ rules of the Companies Act, 1956 for
the financial statements prepared for the financial year commenced
earlier than 01.04.2014) and the provisions of the Companies Act, 2013
(to the extent applicable).
17. There is no other information apart from the information already
disclosed pursuant to the relevant clauses of new schedule VI as
inserted in the Companies Act, 1956 by the Notification- S.O. 447(E),
dated 28th February 2011 (As amended by Notification No F.NO.
2/6/2008-CL-V, Dated 30th March'2011).
18. Previous year figures have been regrouped / rearranged wherever
necessary to conform to this year's classification.
Mar 31, 2014
1. (a) Rights, preferences and restrictions attached to shares:
The Company has only one class of equity shares having a par value of
Rs. 10 per share. Each Shareholder Is eligible for one vote per share
held. The company declares dividends in Indian rupees. In case the
dividend proposed by the board of Directors is subject to the approval
of the Shareholders in the ensuing Annual General Meeting. In the event
of liquidation, the equity shareholders are eligible to receive in
proportion to their shareholding, the assets of the Company remaining
after distribution of preferential amount.
Terms & Conditions, Repayment Schedule and interest rate on loan
Loan of Rs. 10,28,263 is interest free loan from Punswat Consultants
Limited end Rs,45(000/-i5 interest free loan from Swaka Consultants
Limited repayable on demand.
2. OVERVIEW
Samtef India Limited which commenced operations in the year 1983,
manufacture picture tubes for black & white televisions, trades color
television tubes and supplies skilled and unskilled manpower. It is
listed on the National Stock Exchange of India and Bombay Stock
Exchange of India. The corporate office is situated in New Delhi.
3. CONTINGENT LIABILITIES AND COMMITMENTS
Contingent Liabilities not provided for in respect of:
(FIGURES IN Rs. )
Description Current Year Previous Year
a) Disputed Excise Duty and
Other demands 15,70,000 15,70,000
b) income Tax demands where
the cases are pending at 2,76,71,668 2,76,71,668
various stages of appeal
with the authorities
c) Sales Tax Demand where
the case are pending before
assessing officer after 36,20,500 36,20,500
remand from Joint
commissioner Sales Tax.
4. In the opinion of the Board, Current Assets, Loans and Advances
have a value on realization in the ordinary course of business at least
equal to the amount at which they are stated and provision for all
known liabilities has been made and considered adequate.
5. Taxation
The Company has carried forward losses/unabsorbed depreciation under
the Income tax Act, 1961. However, in view of uncertainty of future
taxable income of the Company, in accordance with Accounting Standard
AS-22" Accounting for Taxes on Income" notified in the Companies
Accounting Standard Rule 2006, the net deferred tax assets have not
been recognized in the accounts.
6. The Company has already started the process of identifying the
Micro, Small and Medium Enterprises as defined under the "The Micro,
Small and Medium Enterprises Development Act, 2006". However, based on
the information avaiiable with the Company as of now, no enterprises
have been identified, who are registered under the said Act.
7. The management has recognized a permanent diminution in the value
of the investments in Samtel Colors Limited (SCL) and Samtel Glass
Limited (SGL), thereby the investment value has been reduced by Rs.
36,12,420 (previous year Rs. 3,71,24,940) and 1,28,64,000 (previous
year 3,83,48,000) respectively. In case of Samtel Color Limited, the
above figures has been arrived as a difference between book value and
market value of the shares of Company and in case SGL diminution has
been derived as a difference between book value and average of the
three years net worth of the Company (including the current year).
8. Disclosure as required by Accounting Standard (AS-17)'' Segment
Reporting'':
Based on the guiding principles given in Accounting Standard AS17
"Segment Reporting" Notified in the Companies (Accounting Standard)
Rule 2006, the Company''s only business segment during the year relates
to "Supply of manpower" in India. As a result the additional disclosure
requirements of AS-17 are not required.
''The Company has given undertakings to certain financial institutions
not to dispose off its investments without their prior consent till the
loans sanctioned by them to the investee companies remain outstanding
fully provided- (Reter Note No, 9).
9. After the cessation of plant (Black and White pictures for Black
and white TV Sets), Samtel India Limited had aimed to commence its
operation in trading of color picture tubes, however such proposa could
not be established/executed, due to low market demand. The management
of Samtel India Limited has a strong believe in entering into new
segment therefore it entered into the business for supplying manpower
to manufacturing unit, (especially to picture tube manufacturing
units). Since the demand of Cathode Ray Tube has sharply declined, the
business of manpower supply has been adversely affected. The Company is
further exploring other business opportunities including manufacturing
and for that the company intend to by acquire suitable property,
accordingly the company has entered into an agreement with M/S Amberley
Estates Pvt. Ltd. having its registered office at A-81, East of
Kailash, New Delhi 110065, to assist the company in identifying/
facilitating buying of suitable commercial industrial plots/space. The
company will take requisite steps as and when required for obtaining
necessary statutory / legal approvals. In the fight of above mentioned
proposal, the management has prepared and maintained its books of
accounts on the concept of "going concern".
10. Due to the accumulated losses the entire net worth of the Company
has been eroded at the end of financial year 2013-14. The management is
in the process of seeking legal opinion regarding the applicability of
provision of Sick Industrial Companied(Special Provision) Act,1985 and
necessary step will be initiated accordingly
11. During the previous year ended on 31 St March 2011, the Company
has made reconciliation of Provident Fund Trust with the Company''s :
books. On reconciliation, it was found that the value of the assets was
less than the obligation of provident fund by Rs. 44,87,356/-. This is
: basically the interest liability of the balance outstanding of
provident fund as at 31st March 2011. The balance outstanding as at
31.3.2014 is Rs. 17,82,871.
12. In earlier years, the Company has given security in the form of
pledge upto 59 lacs fully paid up equity shares of .10 each of Samtel
Color Limited (SCI) held by the Company in favor of the bank acting as
trustee for itself and as agent for other lenders of SCL as per the
Corporate Debt Restructuring (CDR) Scheme of SCL as approved by CDR
Cell of RBJ. as it has major investment in SCL and in view of the
management it would add long term value to the Company.
13. Unpaid portion in share premium, calls in arrears on equity share
issued in earlier years was ascertained on reconciliation during the ;
previous year, ended as at 31 st March 2012.
14. There is no other information apart from the information already
disclosed pursuant to the relevant clauses of new schedule VI as
inserted in the Companies Act, 1956 by the Notification- S.O. 447(E),
dated 28th February 2011 (As amended by Notification No F.NO. 2/6/2008-
C L-V, Dated 30th March''2011).
15. Previous year figures have been regrouped / rearranged wherever
necessary to conform to this year''s classification.
Mar 31, 2013
1. OVERVIEW
Samtel India Limited which commenced operations in the year 1983,
manufacture picture tubes for black & while televisions, trades color
television tubes and supplies skilled and unskilled manpower. It is
listed on the National Stock Exchange of India and Bombay Stock
Exchange of india. The corporate office is situated in New Delhi.
2. in the opinion of the Board, Current Assets, Loans and Advances
have a value on realization in the ordinary course of business at least
equal to the amount at which they are stated and provision for all
known liabilities has been made and considered adequate.
3. taxation
The Company has carried forward losses/unabsorbed depreciation under
the Income tax Act, 1961. However, in view of uncertainty of future
taxable income of the Company, in accordance with Accounting Standard
AS-22" Accounting for Taxes on Income" notified in the Companies
Accounting Standard Ruie 2006, the net deferred tax assets have not
been recognized in the accounts.
4. The Company has already started the process of Identifying the
Micro. Small and Medium Enterprises as defined under the "The Micro,
Smali and Medium Enterprises Development Act, 2006". However, based on
the information available with the Company as of now, no enterprises
have been identified, who are registered under the said Act,
5. The management has recognized a permanent diminution in the value
of the investments in Samtel Colors Limited (SCL) and Samlel Glass
Limited (SGL). thereby the investment value has been reduced by
''3,7124,940 (previous year '' 2,60,50,800)/- and ''3,63,46,000 (previous
year '' 2,74,04.000)/- respectively. In case of Samtel Color Limited,
the above figures has been arrived as a difference between book value
and market value of the shares of Company and in case SGL diminution
has been derived as a difference between book value and average of the
three years nel worth of the Company (including the current year)
6. Disclosure as required by Accounting Standard (AS-17)'' Segment
Reporting'': Based on the guiding principles given in Accounting
Standard AS 17 "Segment Reporting" Notified in the Companies
(Accounting Standard) Rule 2006, the Company''s only business segment
during the year relates to "Supply of manpower" in India. As a result
the additional disclosure requirements of AS-17 are not required.
The Company has given undertakings to certain financial institutons not
1o dispose oft its investments without their prior consent till the
loans sanctioned by them to the irwestee companies remain outstanding
fully provided (Refer Note No 9).
7. After the cessation of plant (Black and While pictures for Black
and white TV Sets). Samtel India Limited had aimed to commence its
operation in trading of color picture tubes, however such proposal
could not be established/executed, due to low market demand. The
management of Samtel India Limited has a strong believe in entering
into new segment therefore it entered into the business for supplying
manpower to manufacturing unit, (especially to picture tube
manufacturing units). Since the demand of Cathode Ray Tube has sharply
declined, the business of manpower supply has been adversely affected.
The Company is further exploring other business opportunities including
manufacturing and for that the company intend to by acquire suitable
property, accordingly the company has entered into fin agreement with
M/S Amberley Estates Pvt. Ltd. having its registered office at A-81,
East of Kailash. New Delhi 110065, to assist the company in
identifying/ facilitating buying of suitable commercial industrial
plots/space. The company will take requisite steps as and when required
for obtaining necessary statutory/ legal approvals. In the light of
above mentioned proposal, the management has prepared and maintained
its books of accounts on the concept of "going concern1''.
8. The accumulated losses of the Company at the end of the financial
year are more than fifty percent of its net worth. The Management wili
file necessary application for reference to the Board of Industrial &
Financial Reconstruction (BIFR) within the prescribed time period as
per the provisions of The Sick Industrial Companies (Special
Provisions). Act, 1985.
9. During the previous year ended on 31st March 2011, the Company has
made reconciliation of Provident Fund Trust with the Company''s books.
On reconciliation, it was found that the value of the assets was less
than the obligation of provident fund by '' 44,87,356/- This is
basically the interest liability of the balance outstanding of
provident fund as at 31st March 2011. The balance outstanding as at
31.3.2013 is''17.82,871.
10. In earlier years, the Company has given security in the form of
pledge upto 59 lacs fully paid up equity shares of Rs.10 each of Samlel
Color Limited (SCL) held by the Company in favor of the bank acting as
trustee for itself and as agent for other lenders of SCL as per the
Corporate Debt Restructuring (CDR) Scheme of SCL as approved by CDR
Cell of RBI as if has major investment in SCL and in view of Ihe
management ii would add long term value to the Company.
11. Unpaid portion in share premium, calls in arrears on equity share
issued in earlier years was ascertained on reconciliation during the
previous year, ended as at 31 st March 2012,
12 There is no other information apart from the information already
disclosed pursuant to the relevant clauses of new schedule VI as
inserted in the Companies Act. 1956 by the Notification- S.O. 447(E),
dated 28th February 2011 (As amended by Notification No F.NO. 2/6/2008-
CL-V, Dated 30th March''2011).
13. Previous year figures have been regrouped / rearranged wherever
necessary to conform to this year''s classification.
Mar 31, 2011
1. Contingent Liability
Contingent liability, if material, is disclosed by way of notes to the
accounts.
As at March 31, 2011 As at March 31, 2010
Rs. Rs.
a). Contingent liabilities,
not provided for :-
i. Sales tax matters 3620500 7241000
ii. Excise matters 1570000 1570000
iii. Income-tax matters NIL NIL
All the above matters are subject to legal proceedings in the ordinary
course of business. The legal proceedings when ultimately concluded
will not, in the opinion of management, have a material effect on the
result of operation or the financial position of the Company.
b). Estimated amount of contracts remaining to be executed on capital
account, not provided for (net of advances) Rs. Nil (previous year Rs.
Nil).
2.
a). During the year licenses for supply of manpower have been received
for which changes in Memorandum of Association have already been made.
The recruitment of employees for manpower supply has stared, due to
certain regulatory clearances the activity of manpower supply withheld.
In view of the management the accounts have been prepared on going
Concern basis.
b). The Company has made reconciliation of Provident Fund Trust with
Company Books. On reconciliation, it found that the value of the
assests is less than the obligation of provident fund by Rs,
44,87,356/-. This is basically the interest liability of the balance
outstanding of provident fund as on 31st March 2011, and hence a
provision of liability is made to the extent of difference between
asset value & obligation
3. In earlier years, the Company has given security in the form of
pledge upto 59 lacs fully paid up equity shares of Rs.10 each of Samtel
Color Limited (SCL) held by the Company in favour of the bank acting as
trustee for itself and as agent for other lenders of SCL as per the
Corporate Debt Restructuring (CDR) Scheme of SCL as approved by CDR
Cell of RBI, as it has major investment in SCL and in view of the
management it would add long term value to the Company.
4. The Company has carried forward losses / unabsorbed depreciation
under the Income-tax Act, 1961. However, in view of uncertainty of
future taxable income of the Company, in accordance with Accounting
Standard AS 22 "Accounting for Taxes on Income", notified in the
Companies Accounting Standards) Rules, 2006, the net deferred tax
assets have not been recognised in the accounts.
5. The Company already has started the process of identifying the
Micro, Small and Medium Enterprises as defined under the "The Micro,
Small and Medium Enterprises Development Act, 2006". However, based on
the information available with the Company as of now, no enterprises
have been identified, who are registered under the said Act.
6. Based on the guiding principles given in Accounting Standard AS 17
"Segment Reporting" notified in the Companies (Accounting Standards)
Rule 2006, the Company's only business segment during the year relates
to "Picture Tubes". As a result the disclosure requirements of AS-17
are not applicable.
7. Related party disclosures, as identified and certified by the
management, per Accounting Standard AS 18:
(a) Related parties where control exists: None
(b) Other related parties and nature of relationships, in respect of
which the Company had transactions:
(i) Associates
- Teletube Electronics Limited
- Akla Investments Private Limited
(ii) Enterprises over which key management personnel and/or his
relatives exercise significant influence:
- Samtel Color Limited
- Samtel Display Systems Limited
- Samtel Glass Limited (formerly known as Samcor Glass Limited)
8. The Company has an investment in unquoted equity shares in a
company under the same management of Rs. 555 lacs, the book value
whereof is below par. Considering the long term and strategic nature of
investment, the fall in value has been considered temporary in nature
and not provided for.
9. Previous year figures have been recast/regrouped, wherever
necessary.
9a.Schedules 1 to 11 form an integral part of the balance sheet,
profit and loss account and cash flow statement.
Mar 31, 2010
As at March
31, 2010 As at March
31, 2009
Rs. Rs.
1. Contingent liabilities, not
provided for :-
a. Sales tax matters 7241000 14596000
b. Excise matters 1570000 1570000
c. Income-tax matters NIL 8146000
All the above matters are subject to legal proceedings in the ordinary
course of business. The legal proceedings when ultimately concluded
will not, in the opinion of management, have a material effect on the
result of operation or the financial position of the Company.
2. Estimated amount of contracts remaining to be executed on capital
account, not provided for (net of advances) Rs. Nil (previous year Rs.
Nil).
3. During the year, the management has proposed to undertake the
activity relating to Man power supply. Necessary amendments have been
made in Memorandum of Association of the company enabling it to
undertake the said activity. However, Company continues to carry on
trading activities & exploring other similar options. Hence, in view of
management, the accounts have been prepared on the basis that the
company is a "going concern"
4. In earlier years, the Company has given security in the form of
pledge upto 59 lacs fully paid up equity shares of Rs.10 each of Samtel
Color Limited (SCL) held by the Company in favour of the bank acting as
trustee for itself and as agent for other lenders of SCL as per the
Corporate Debt Restructuring (CDR) Scheme of SCL as approved by CDR
Cell of RBI, as it has major investment in SCL and in view of the
management it would add long term value to the Company.
5. The Company has carried forward losses / unabsorbed depreciation
under the Income-tax Act, 1961. However, in view of uncertainty of
future taxable income of the Company, in accordance with Accounting
Standard (AS) 22 "Accounting for Taxes on Income", notified in the
Companies Accounting Standards) Rules, 2006, the net deferred tax
assets have not been recognised in the accounts.
6. The Company already has the process of identifying the Micro, Small
and Medium Enterprises as defined under the "The Micro, Small and
Medium Enterprises Development Act, 2006". However, based on the
information available with the Company as of now, no enterprises have
been identified, who are registered under the said Act.
7. Based on the guiding principles given in Accounting Standard (AS)
17 "Segment Reporting" notified in the Companies (Accounting Standards)
Rule 2006, the Companys only business segment during the year relates
to "Picture Tubes". As a result the disclosure requirements of AS-17
are not applicable.
8. Related party disclosures, as identified and certified by the
management, per Accounting Standard (AS) 18:
(a) Related parties where control exists: None
(b) Other related parties and nature of relationships, in respect of
which the Company had transactions:
(i) Associates:
Teletube Electronics Limited Akla Investments Private Limited
(ii) Enterprises over which key management personnel and/or his
relatives exercise significant influence: Samtel Color Limited Samtel
Display Systems Limited Samtel Glass Limited (formerly known as
Glass Limited)
9. The details of provision made for sales tax demand and warranty
covering the picture tube sales for the period of one year, in
accordance with the requirements of Accounting Standard (AS)-29
"Provision, Contingent Liabilities and Contingent Assets", are as under
:-
10. The Company has an investment in unquoted equity shares in a
company under the same management of Rs. 555 lacs, the book value
whereof is below par. Considering the long term and strategic nature of
investment, the fall in value has been considered temporary in nature
and not provided for.
11. Statement of additional in formation
12. Previous year figures have been recast/regrouped, wherever
necessary.
13. Schedules 1 to 11 form an integral part of the balance sheet,
profit and loss account and cash flow statement.