|
Current assets
|
180.00
|
|
232.00
|
|
Less: Current Liabilities
|
80.00
|
|
105.00
|
|
Working Capital
|
100.00
|
|
127.00
|
|
Working capital on December 31, 2003
|
|
127.00
|
|
|
Working Capital on December 31, 2002
|
|
100.00
|
|
|
Increase in Working Capital
|
|
27.00
|
|
The Rs. 27 million rises in working capital of TIL demonstrating the composite changes in the operating assets. It does not tell us much in terms of the business' operations. Such change could be the net result of changes in all the accounts covered through current items. May be there has been qualitative changes resulting by the depletion of liquid items of current assets and raise in non-liquid items as inventory. So as to answer these questions we try to analyze the changes in all of the working capital accounts.