Forensics and the art of triangulation

[rks00]

My thoughts on a few accounting issues wrt Ramco systems

Ramco system

Ramco’s accounting issues - • Interest expense / Finance cost – I need help on this one, as the footnotes (notes to account) for the consolidated numbers 2015 are not clear, or at least I have not understood them properly. Issue – Finance cost actually paid in cash outflows, per the cash flow statement (CF from Financing) shows INR 34.8 Cr paid, the P&L shows a finance cost of INR 12 crores. Total unsecured LT loan from bank (not total LT debt) is 218 cr. The approximate weighted average of the…