ACC600 Accounting Fundamentals Management

Market Value against Net Asset
The computation of Market Value against Net Asset has been computed for Super Retail Group
Limited for three year ended June 30 i.e. 2015, 2016, 2017 by using the following formulas:
Net Asset: Total Asset-Total Liabilities
Market Value: No of Shares outstanding Reported in Annual Report * Share Price as on 01 July of
respective year opening
Market Value against Net Asset: Market Value/ Net Asset
The computation has been detailed here-in-below:
Computation of Net Assets for Super Retail Group Limited
Sl No Particulars 2015 2016 2017
1 Total Asset 1583100000 1569500000 1558600000
2 Total Liabilities 817800000 835500000 804000000
3 Net Assets 765300000 734000000 754600000
4 No of Shares 197030571 197177318 197240020
5 Share Price (1st July) 9.14 8.59 8.2
6 Market Value 1800859419 1693753162 1617368164
7 Market Value against Net Assets 235% 231% 214%
On perusal of the above, it can be inferred that the market value against net asset has been
decreasing over the year symbolising a fall in value of shares in the market over the years from 9.14
to 8.2 on account of negative market expectations with regard to the company. Further, the no of
shares outstanding has seen a rise over the period,