 |
 |
|
|
| investors
> financials |
 |
 |
|
 |
|
|
|
 |
| Consolidated
Balance Sheet |
|
|
|
| Rs.
crore |
FY2006
|
FY2005
|
FY2004
|
| Sources
of funds |
|
|
|
| Shareholders
funds |
|
|
|
| Share
capital |
|
|
|
| Equity
share capital |
270.50
|
271.22
|
270.73
|
| Proportionate
consolidation eliminations |
(178.83)
|
(179.55)
|
(179.06)
|
|
91.67
|
91.67
|
91.67
|
| Share
capital suspense |
0.02
|
0.02
|
0.02
|
| Other
share capital |
42.82
|
42.56
|
42.2
|
| Reserves
and surplus |
4,700.98
|
3,949.93
|
3227.90
|
| Proportionate
consolidation eliminations |
2.09
|
1.77
|
1.32
|
|
4,703.07
|
3,951.70
|
3229.22
|
|
4,837.58
|
4,085.95
|
3363.11
|
| Minority
interest |
513.56
|
500.23
|
|
| Loan
funds |
|
|
|
| Secured
loans |
2,642.22
|
2,934.55
|
1577.36
|
| Unsecured
loans |
978.74
|
965.80
|
813.92
|
| Documentary
bills discounted with banks |
62.32
|
33.53
|
28.34
|
|
3,683.28
|
3,933.88
|
2419.62
|
| Deferred
tax liabilities (net) |
1,161.93
|
1,182.26
|
633.73
|
| Total |
10,196.35
|
9,702.32
|
6416.46
|
| Application
of funds |
| Fixed
assets |
|
|
|
| Gross
block |
11,470.81
|
11,097.91
|
6228.48
|
| Less:
Depreciation |
5,515.99
|
5,018.11
|
2784.22
|
| Net
block |
5,954.82
|
6,079.80
|
3444.26
|
| Capital
work-in-progress |
448.00
|
205.34
|
86.81
|
|
6,402.82
|
6,285.14
|
3531.07
|
| Fixed
assets held for disposal |
12.76
|
13.73
|
22.91
|
| Investments |
1,529.95
|
947.89
|
2521.25
|
| Proportionate
consolidation eliminations |
(177.89)
|
(178.93)
|
(178.89)
|
|
1,352.06
|
768.96
|
2342.36
|
| Goodwill |
1,771.63
|
1,956.59
|
120.9
|
| Goodwill
on proportionate consolidation of interest
in joint ventures |
1.15
|
1.15
|
1.15
|
|
1,772.78
|
1,957.74
|
122.05
|
| Deferred
tax assets (net) |
3.65
|
2.97
|
31.53
|
| Current
assets, loans and advances |
|
|
|
| Interest
accrued on investments |
1.46
|
1.09
|
-
|
| Inventories |
1,164.54
|
1,056.74
|
494.75
|
| Sundry
debtors |
590.76
|
723.18
|
510.65
|
| Cash
and bank balances |
237.38
|
163.47
|
244.05
|
| Loans
and advances |
624.39
|
452.62
|
244.96
|
|
2,618.53
|
2,397.10
|
1494.41
|
| Less:
Current liabilities and provisions |
|
|
|
| Liabilities |
1,638.53
|
1,419.08
|
932.11
|
| Provisions |
327.72
|
304.26
|
195.76
|
|
1,966.25
|
1,723.34
|
1127.87
|
| Net
current assets |
652.28
|
673.76
|
366.54
|
| Miscellaneous
expenditure |
-
|
0.02
|
-
|
| Total |
10,196.35
|
9,702.32
|
6416.46
|
| Accounting policies and notes on accounts |
-
|
-
|
-
|
| Consolidated
Profit and Loss Account |
| (Rs.crore) |
|
FY2006
|
FY2005
|
FY2004
|
| Income |
|
|
| Gross
sales (includes services revenue) |
11,714.84
|
10,776.37
|
6436.5
|
| Less:
excise duty |
1,522.95
|
1,484.71
|
946.92
|
| Net
sales (including services revenue) |
10,191.89
|
9,291.66
|
5489.58
|
| Interest
and dividend income |
65.34
|
119.92
|
147.67
|
| Other
income |
187.09
|
125.30
|
99.61
|
| Increase/
(decrease) in stocks |
(6.30)
|
122.14
|
(24.63)
|
|
10,438.02
|
9,659.02
|
5712.23
|
| Expenditure |
|
|
|
| Raw
materials consumed |
2,212.43
|
2,235.39
|
1414.07
|
| Manufacturing/
operating expense |
3,055.66
|
2,885.44
|
1431.70
|
| Purchases
of finished and other products |
109.93
|
56.20
|
50.47
|
| Payments
to and provisions for employees |
543.31
|
509.25
|
386.68
|
| Selling,
distribution,
administration and other expenses |
2,186.17
|
1,700.37
|
886.8
|
| Interest |
212.23
|
284.57
|
195.58
|
| Depreciation
and amortisations |
555.20
|
548.61
|
299.68
|
| Amortisation
of intangible assets |
7.90
|
7.63
|
6.39
|
|
8,882.83
|
8,227.46
|
4673.39
|
| Profit
before tax and exceptional items |
1,555.19
|
1,431.56
|
1038.84
|
| Surplus
on pre-payment of sales tax loan |
4.13
|
34.35
|
-
|
| Impairment
of goodwill |
|
(162.45)
|
-
|
| Profit
before tax |
1,559.32
|
1,303.46
|
1038.84
|
| Provision
for current tax |
(434.88)
|
(483.27)
|
(291.2)
|
| Deferred
tax |
32.18
|
41.21
|
(10.83)
|
| Profit
after tax |
1,156.62
|
861.40
|
738.25
|
| Less
: Minority interest |
115.98
|
(15.18)
|
|
| Less
: Pre-acquisition profit/ (loss) |
|
(3.85)
|
|
| Net
profit |
1,040.64
|
880.43
|
738.25
|
| Adjustment
due to merger of NCCL with UTCL (Refer to
note 1e.) |
48.98
|
|
-
|
| Investment
allowance reserve written back |
0.25
|
0.16
|
8.27
|
| Debenture
redemption reserve no longer required |
8.62
|
6.86
|
42.04
|
| Balance
brought forward from previous year |
532.40
|
518.48
|
696.85
|
| Profit
available for appropriation |
1,630.89
|
1,405.93
|
1485.41
|
| Appropriations |
|
|
|
| Debenture
redemption reserve |
9.45
|
-
|
-
|
| Proposed
dividend |
183.35
|
151.29
|
128.34
|
| Corporate
dividend tax |
28.77
|
22.24
|
16.44
|
| General
reserve |
625.00
|
700.00
|
850
|
| Balance
carried to balance sheet |
784.32
|
532.40
|
490.63
|
| |
1,630.89
|
1,405.93
|
1485.41
|
| | |
