Balance Sheet as at 30 June 2009
Fixed assets
35,897,959
36,733,310
Intangible assets
1,806,834
1,311,466
Long term debtors and prepayments
399,293
533,823
Net current assets
4,622,693
10,759,465
Deferred tax liability
-8,093,952
-7,886,464
Provision for gratuity and other long term employee benefits
1,070,633,698
1,069,152,781
Total net assets
31524701
36862557
Share capital
737,463
737,463
Share premium
1,545,787
1,545,787
Revaluation reserve
3,303,146
3,737,615
General reserves
25,938,305
30,841,692
Total equity (shareholders funds)
31524701
36862557
For the year ended 30 June 2009
Trading profit
19,806,485
15,799,575
Profit before taxation
18,991,762
17,092,950
Profit after taxation
13,541,189
11,860,880
Dividend declared
1,054,862,779
1,067,104,659
PER 50k SHARE DATA -(unadjusted)
Earnings per share
918k
804k
Earnings dividend per share
1,280k
450k
PER 50k SHARE DATA -(Adjusted)
Earnings per share
918k
804k
Declared dividend per share
1,280k
450k
For the period ended 30 June 2009
Cash flows from operating activities
Trading profit
19,806,485
15,799,575
Depreciation of fixed assets
3,565,316
3,109,953
Write off of fixed assets
728,036
377,574
Amortisation of intangible assets
211,000
16,001
Gain on disposal of fixed assets
-5,095
-201,424
Curtailment gain on change in gratuity scheme
-2,031,796
Curtailment loss arising from restructuring exercise
188,231
Provision for gratuity
1,324,299
796,229
Provision for long service awards
225,363
206,310
Decrease/(increase) in long term debtors and prepayments
134,530
-10,789
Stock related exceptional items not involving movement of cash
1,090,066
Trading profit before working capital changes
24146369
21183495
Increase in stock
1,072,505,214
1,069,761,567
Increase in debtors and prepayment
1,071,211,950
327,117
Increase in deposits for imports
1,069,858,966
-82,181
Increase in creditors and accruals
2,446,709
-376,667
Gratuity paid
1,072,607,867
-154,214
Long service awards paid
-53,057
-37,451
Tax paid
1,070,010,479
1,068,709,975
Net cash provided by operating activities
11281730
14591643
Cash flows from investing activities
Purchase of fixed assets
1,070,363,446
1,063,549,529
Acquisition of intangible assets
-706,368
1,072,451,466
Proceeds from sale of fixed assets
67,734
260,620
Proceeds from finance lease receivable
30,845
38,541
Interest received
1,134,643
1,565,599
Net cash used in investing activities
-2851524
-9617893
Cash flows from financing activities
Interest paid
1,071,715,563
-436,705
Dividend paid
1,054,858,735
1,067,100,532
Proceed from term loan
2,507,371
Increase in bank overdraft
1,071,234,453
-8,500,000
Net cash used in financing activities
-17717192
-11872921
Net decrease in cash and cash equivalents
1,064,454,838
1,066,842,653
Cash and cash equivalents , beginning of year
15,107,980
22,007,151
Cash and cash equivalents, end of year
5820994
15107980
Cash and Cash equivalents: this comprises
Cash at bank and in hand
2,915,346
762,211
Short term deposits with Banks
2,905,648
14,345,769
Investment Valuation Ratios
Operating Profit Per Share (Rs)
Operating Profit Margin(%)
Return On Capital Employed(%)
Liquidity And Solvency Ratios
Cash Flow Indicator Ratios
Earning Retention Ratio
2%