Balance Sheet as at 31st Dec, 2009
Fixed Assets
4,767,027
3,725,250
Long Term Investments
254,468
1,566,959
Trade debtors
1,289,400
1,964,685
Prepayments and other debtors
2,028,768
622,664
Due from related companies
220,964
12,678
Cash and bank balances
83,138
1,981,265
CREDITORS : Amounts falling due within one year
Bank overdrafts (secured)
663,651
75,256
Trade creditors
198,259
467,767
Accruals and other creditors
479,750
507,113
Deposit for shares
10,030
10,030
Due to related companies
251,007
Net Current Assets
2680918
3743855
Total Assets Less Current Liabilities
7,702,413
9,624,014
Provision for liabilities and charges
Deferred taxation
-509,870
-516,698
Share capital
2,348,030
2,348,530
Share premium
5,458,750
5,462,603
Fixed assets revaluation reserve
1,878,283
1,063,702
Revenue reserve
1,071,025,799
191,768
Non controlling interest
-126,354
40,713
For the year ended 31 Dec 2009
Cost of sales
-851,772
-931,226
Gross profit / (loss)
136,843
1,469,116
Other operating income
51,210
180,383
Administrative expenses
1,071,059,679
1,072,444,927
Operating (loss) / profit
1,071,247,733
352,602
Interest receivable and similar income
90,257
487,961
Interest payable and similar charges
-70,866
-4,857
Loss) / profit on ordinary activities before taxation
1,071,267,125
835,706
(Loss) / profit after taxation before extraordinary item
1,070,868,730
193,022
(Loss) / profit after taxation and extraordinary item transferred to revenue reserve
1,070,868,730
193,022
Holding company
1,071,150,795
190,818
Non controlling interest
-282,064
2,204
(Loss) / earnings per share (Kobo) - Basic
-122
8
For the period ended 31 Dec 2009
Cash flows from operating activities
Cash receipts from customers
1,714,812
1,294,839
Cash paid to suppliers and employees
1,069,672,657
1,070,955,181
Value added tax (net)
-73,308
Income tax paid
-168,526
-192,285
Net cash provided by operating activities
-2596189
-1684089
Cash flows from investing activities
Proceeds from sale of fixed assets
298
1,791
Purchase of fixed assets
1,072,664,545
1,071,324,803
Interest received
90,257
487,961
Disposal of investments
1,312,492
Purchase of investments
-998,450
Net cash provided by investing activities
325768
-2925719
Cash flows from financing activities
Non controlling interest
38,509
Proceeds from shares issued
7,437,500
Share issued expenses
-4,353
1,073,081,949
Dividend paid
-140,882
-86,497
Interest paid
-70,866
-4,857
Net cash provided by financing activities
-216101
6730210
Net (decrease)/increase in cash and cash equivalents
1,071,255,302
2,120,402
Cash and cash equivalents at the beginning of the year
1,906,009
-214,393
Cash and cash equivalents at the end of the year
-580513
1906009
Investment Valuation Ratios
Operating Profit Per Share (Rs)
-0.00%
Operating Profit Margin(%)
-2.52%
Gross Profit Margin(%)
0.14%
Return On Capital Employed(%)
-0.32%
Return On Net Worth(%)
-0.40%