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    Beneish Cal

    Uploaded by

    Madeeha Khan
    The document provides financial ratios for the Beneish M-Score model, which is used to detect financial statement manipulation. It analyzes 8 ratios for a company in the current year (CY) and prior year (LY). The total M-Score calculated is 2.42, indicating possible manipulation. The document also includes balance sheet and income statement data for the CY and LY for the company being analyzed.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Beneish Cal

    Uploaded by

    Madeeha Khan
    27 views3 pages
    The document provides financial ratios for the Beneish M-Score model, which is used to detect financial statement manipulation. It analyzes 8 ratios for a company in the current year (CY) and prior year (LY). The total M-Score calculated is 2.42, indicating possible manipulation. The document also includes balance sheet and income statement data for the CY and LY for the company being analyzed.

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    Beneish Cal.xlsx

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    The document provides financial ratios for the Beneish M-Score model, which is used to detect financial statement manipulation. It analyzes 8 ratios for a company in the current year (CY) and prior year (LY). The total M-Score calculated is 2.42, indicating possible manipulation. The document also includes balance sheet and income statement data for the CY and LY for the company being analyzed.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    27 views3 pages

    Beneish Cal

    Uploaded by

    Madeeha Khan
    The document provides financial ratios for the Beneish M-Score model, which is used to detect financial statement manipulation. It analyzes 8 ratios for a company in the current year (CY) and prior year (LY). The total M-Score calculated is 2.42, indicating possible manipulation. The document also includes balance sheet and income statement data for the CY and LY for the company being analyzed.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 3

    Beneish - M Score Ratio Weight M Score

    DSR CY (sales/rec)/ LY (sales/rec) 0.94 0.92 0.86


    GM LY (GP/Sales) / CY (GP/ Sales) 0.83 0.528 0.44
    CY[1-(Current Assets + PPE + Securities) ÷ LY[1-(Current Assets + PPE +
    Securities)
    1.42 0.404 0.57
    SG (CY sales / LY sales) 1.04 0.892 0.93
    Dep = LY(Dep/PPE+Dep) ÷ CY(Dep/PPE+Dep) 0.50 0.115 0.06
    SGAE = CY(SGAE/Sales) ÷ LY(SGAE/Sales) 1.01 -0.172 (0.17)
    LV = CY[(Current Liabilities + Long term Loan)/Total Assets] ÷ LY[(Current
    Liabilities + Long term Loan)/Total Assets] 0.49 0.4679 0.23
    TATA = CY(Income from Operations – Cash flow from Operations) ÷ Total
    Assets 0.03 -0.327 (0.01)
    -0.484 -0.484
    2.42

    1 Manipulation
    0 Manipulation
    -1 Manipulation
    -2 Manipulation
    -2.1 Manipulation
    -2.2 Borderline
    -2.3 No Manipulation
    -2.4 No Manipulation
    No Manipulation
    No Manipulation
    -3 No Manipulation
    No Manipulation
    No Manipulation
    -4 No Manipulation
    No Manipulation
    -5 No Manipulation
    No Manipulation
    -5.5 No Manipulation
    CY LY
    Non Current Assets
    PPE 880,000 555,000

    Long-term deposits - -
    880,000 555,000
    Current Assets
    Stores & Spares (Tools, stationer 20,000 18,000

    Stock in trade (Inventory) 161,000 140,000

    Trade debts (Receivables) 142,000 128,000


    Loans & Advances 33,000 21,000
    Investments 22,000 24,000
    Cash & bank 2,000 4,000
    380,000 335,000
    Total Assets 1,260,000 890,000

    Share Capital & Reserves


    Share Capital (par 10/share) 8,000 8,000
    Reserves 183,000 183,000
    Unappropriated profits 152,000 112,000
    343,000 303,000
    Surplus on revaluation of PPE 465,000 -

    Non Current Liabilities


    Deferred tax 106,000 87,000

    Current Liabilities
    Trade & other payables 115,000 168,000
    Accruals 4,000 12,000
    Short term loan 210,000 310,000
    Provision for tax 17,000 10,000
    346,000 500,000
    Total Equity & Liabilities 1,260,000 890,000
    CY LY

    Sales (10% cash) 1,966,000 1,890,000

    CGS 1,916,000 1,850,000


    GP 50,000 40,000
    Other Exp/(income) 3,000 3,000
    Selling & Admin Exp 58,000 55,000

    Finance cost 21,000 24,000

    Income before tax (32,000) (42,000)


    Tax 8,000 6,000
    Net Income / (loss) (40,000) (48,000)
    Share price 340 300
    Dividend per share 2 2

    Depreciation 160,000 80,000


    Cash from operations 12,000

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