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    Cost and Accounting

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    Cost and Accounting

    Uploaded by

    prajwalpoojari198
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    5 views15 pages

    Cost and Accounting

    Uploaded by

    prajwalpoojari198

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 15

    Presented by:

    Saumitra Nanal - 29
    Prajwal poojari- 36
    Bhuvan Patil - 32
    Jet Airways: A Legacy of Excellence in Aviation

    The founder of Jet Airways is Naresh Goyal .He established the airline in 1992, Jet Airways emerged as one of India's
    leading airlines, offering a premium travel experience and revolutionizing the aviation industry. With a fleet of modern
    aircraft, an extensive route network, and a commitment to exceptional service, Jet Airways established itself as a symbol
    of excellence and innovation .
    LIABILITIES

    CURRENT LIABILITIES 2017 2016 2015 2014 2013


    (in Rs. Cr.)

    Short Term 3,541.21 3,541.22 3,586.67 3,586.67 209.56


    Borrowings
    Trade Payables 9,124.41 8,509.07 8,200.03 8,200.03 6,433.33
    Other Current 9,267.86 9,027.32 9,521.16 9,521.16 7,503.70
    Liabilities
    Short Term Provisions 333.84 310.39 309.78 309.78 42.66

    TOTAL CURRENT 22,267.32 21,388.00 21,617.64 21,617.64 14,189.25


    LIABILITIES

    TOTAL CAPITAL 5,632.02 5,760.10 6,926.61 6,926.61 12,501.23


    LIABILITIES

    NON-CURRENT LIABILITIES 2017 2016 2015 2014 2013

    Long Term Borrowings 20 5 0 0 5,085.56

    Deferred Tax Liabilities [Net] 0.00 0.00 0.00 0.00 0.00

    Other Long Term Liabilities 78.06 903.53 1,148.41 365.00 365.00

    Long Term Provisions 374.32 336.35 247.92 214.26 125.18

    TOTAL NON-CURRENT LIABILITIES 7,420.23 7,450.21 8,003.63 7,125.33 7,358.78


    ASSETS

    CURRENT ASSETS 2017 2016 2015 2014 2013

    Current 0 0 0 0 0
    Investments
    Inventories 370.59 374.17 387.27 387.27 481.1
    Trade Receivables 5.28 4.21 11.62 11.62 1,279.35
    Cash And Cash 347.18 308.01 119.2 119.2 1,360.44
    Equivalents
    Short Term Loans 234.54 213.18 378.27 378.27 26.98
    And Advances
    OtherCurrentAsset 2,002.83 2,009.21 2,293.33 2,293.33 3,905.58
    s
    TOTAL CURRENT 2,960.42 2,908.78 3,189.69 3,189.69 7,053.45
    ASSETS
    ASSETS

    NON-CURRENT 2017 2016 2015 2014 2013


    ASSETS
    FIXED ASSETS 890.94 1,070.97 1,891.06 1,891.06 3,632.78
    Non-Current 696.17 696.17 696.17 696.17 696.7
    Investments
    Deferred Tax 134.42 134.22 201.05 0 0
    Assets [Net]
    Long Term Loans 17.13 17.02 19.6 19.6 71.7
    And Advances
    Other Non-Current 932.94 932.94 929.04 1,130.09 1,046.60
    Assets
    TOTAL NON- 2,671.60 2,851.32 3,736.92 3,736.92 5,447.78
    CURRENT ASSETS
    Reasons of Downfall
    • High debt burden and unsustainable operational costs.
    Financial Mismanagement: • Poor cash flow management leading to liquidity issues.

    • Fierce competition in the aviation industry resulting in pressure on ticket prices and profitability.
    Intense Competition: • Inability to effectively compete with low-cost carriers.

    • Increase in global oil prices leading to higher fuel expenses.


    Rising Fuel Costs: • Lack of effective hedging strategies to mitigate fuel price fluctuations.

    • Operational disruptions due to the grounding of a significant portion of the fleet.


    Fleet Grounding: • Maintenance issues, lease payment defaults, and challenges in aircraft repossessions.

    • Delays in receiving regulatory approvals for fund infusion and restructuring plans.
    Regulatory Challenges: • Hindered efforts to secure emergency funding and resolve financial difficulties.

    • Employee dissatisfaction and protests over delayed salary payments and job security.
    Labor Unrest: • Strikes and labor disruptions impacting operations and passenger confidence.

    • Failure to secure timely investments or find a suitable buyer.


    Investor Confidence Erosion: • Loss of investor trust and credibility in the market.
    Consequences
    PROFIT MARGIN AFTER TAX
    Key financial performance of Jet Airways Limited
    Contemporary market position
    PER SHARE RATIOS 2019 2018 2017 2016 2015
    Basic EPS (Rs.) -88.21 -46.44 -19.39 -250.13 -67.57

    Diluted EPS (Rs.) -88.21 -68.01 -13.38 -250.13 -67.57

    Cash EPS (Rs.) -74.50 -52.69 3.90 -224.09 -12.94

    Book Value [Excl RevalReserve]/Share -1,541.07 -1,452.86 -1,371.47 -1,371.47 -637.50


    (Rs.)

    Book Value [InclRevalReserve]/Share -1,541.07 -1,452.86 -1,371.47 -1,371.47 -637.50


    (Rs.)

    Dividend / Share(Rs.) 0.00 0.00 0.00 0.00 0.00

    Revenue from Operations/Share (Rs.) 4.38 12.01 3.40 29.35 2,049.87

    PBDIT/Share (Rs.) -74.13 -30.51 0.43 -133.53 61.25

    PBIT/Share (Rs.) -87.83 -45.82 -16.85 -159.56 6.62

    PBT/Share (Rs.) -88.21 -68.01 -13.38 -250.13 -67.57

    Net Profit/Share (Rs.) -88.21 -68.01 -13.38 -250.13 -67.57


    PROFITABILITY RATIOS 2019 2018 2017 2016 2015
    PBDIT Margin (%) -1,693.60 -254.07 12.60 -454.91 2.98

    PBIT Margin (%) -2,006.79 -381.55 -495.39 -543.60 0.32

    PBT Margin (%) -2,015.40 -566.25 -393.47 -852.13 -3.29

    Net Profit Margin (%) -2,015.40 -566.25 -393.47 -852.13 -3.29

    Return on Networth / Equity (%) 0.00 0.00 0.00 0.00 0.00

    Return on Capital Employed (%) 5.99 3.33 1.30 12.33 -4.45

    Return on Assets (%) -17.79 -13.41 -2.19 -41.02 -6.14

    Total Debt/Equity (X) -0.20 -0.21 -0.23 -0.23 -0.73

    Asset Turnover Ratio (%) 0.00 0.00 0.00 0.00 186.27


    VALUATION RATIOS 2019 2018 2017 2016 2015

    Enterprise Value (Cr.) 3,872.80 4,149.28 4,529.06 3,619.13 10,858.60

    EV/Net Operating Revenue (X) 77.89 30.41 117.21 10.85 0.47

    EV/EBITDA (X) -4.60 -11.97 929.99 -2.39 15.61

    MarketCap/Net Operating Revenue 13.25 6.68 27.47 0.45 0.30


    (X)

    Retention Ratios (%) 0.00 0.00 0.00 0.00 0.00

    Price/BV (X) -0.04 -0.06 -0.07 -0.01 -0.96

    Price/Net Operating Revenue 13.25 6.68 27.48 0.45 0.30

    Earnings Yield -1.52 -0.85 -0.14 -18.74 -0.11

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