NCL Balance Sheet

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Schedule AS AT 31st AS AT 31st SOURCES OF FUNDS: MARCH 2010 MARCH 2009 ( ` IN LAKHS ) ( ` IN LAKHS ) Shareholders' funds: Share Capital A 17,767.28 17,767.28 Share Money Pending Allotment B - - Reserves & Surplus C 717,960.63 648,320.08 735,727.91 666,087.36 Loan Fund: Secured D - - Unsecured E 78,997.02 96,380.45 Deferred Tax Liability 1,332.41 8,555.78 816,057.34 771,023.59 APPLICATION OF FUNDS: A. Fixed Assets F Gross Block 682,203.30 650,833.29 Less: Depreciation 461,760.81 459,396.48 Net Block 220,442.49 191,436.81 B. Capital Work-in-Progress G 18,964.42 25,695.77 C. Surveyed off Fixed Assets- Awaiting G 1,570.00 678.73 disposal 240,976.91 217,811.31 Investments H 7,446.40 8,019.20 Current Assets, Loans & Advances: Inventories J 40,755.12 35,935.07 Sundry Debtors I 12,299.54 7,372.85 Cash & Bank Balances K 694,963.31 550,602.46 Loans & Advances L 264,807.38 307,404.90 Other Current Assets M 34,516.56 26,426.60 Cost of Removal of OverBurden O - - 1,047,341.91 927,741.88 Less: Current Liabilities & Provisions: N 479,707.88 382,548.80 Net Current Assets 567,634.03 545,193.08 816,057.34 771,023.59 NORTHERN COALFIELDS LIMITED BALANCE SHEET AS AT 31st MARCH , 2010

Transcript of NCL Balance Sheet

Page 1: NCL Balance Sheet

Schedule AS AT 31st AS AT 31stSOURCES OF FUNDS: MARCH 2010 MARCH 2009

( ` IN LAKHS ) ( ` IN LAKHS )Shareholders' funds: Share Capital A 17,767.28 17,767.28 Share Money Pending Allotment B - - Reserves & Surplus C 717,960.63 648,320.08

735,727.91 666,087.36 Loan Fund: Secured D - - Unsecured E 78,997.02 96,380.45

Deferred Tax Liability 1,332.41 8,555.78

816,057.34 771,023.59

APPLICATION OF FUNDS:A. Fixed Assets F Gross Block 682,203.30 650,833.29 Less: Depreciation 461,760.81 459,396.48 Net Block 220,442.49 191,436.81 B. Capital Work-in-Progress G 18,964.42 25,695.77 C. Surveyed off Fixed Assets- Awaiting G 1,570.00 678.73 disposal 240,976.91 217,811.31 Investments H 7,446.40 8,019.20 Current Assets, Loans & Advances:Inventories J 40,755.12 35,935.07 Sundry Debtors I 12,299.54 7,372.85 Cash & Bank Balances K 694,963.31 550,602.46 Loans & Advances L 264,807.38 307,404.90 Other Current Assets M 34,516.56 26,426.60 Cost of Removal of OverBurden O - -

1,047,341.91 927,741.88 Less: Current Liabilities & Provisions: N 479,707.88 382,548.80 Net Current Assets 567,634.03 545,193.08

816,057.34 771,023.59

NORTHERN COALFIELDS LIMITEDBALANCE SHEET AS AT 31st MARCH , 2010

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Schedule

INCOME:Sales 1 726,484.13 655,194.21 Coal issued for other purposes 2 - - Accretion/Decretion in Stock 3 2,875.54 (2,935.11) Accretion/Decretion in Stock ( Workshop) 4 (28.79) (517.79) Other Income 5 84,718.70 83,847.85 Extraordinary Income 18 - 53.03 Total Income 814,049.58 735,642.19

EXPENDITURE:Consumption of Stores & Spares 6 115,257.74 119,326.32 Employees Remuneration & Benefits 7 90,220.05 102,783.21 Social Overhead 8 21,666.35 21,677.81 Power & Fuel 9 17,799.42 17,993.58 Repairs 10 10,508.03 11,375.71 Contractual Expenses 11 66,047.92 75,718.24 Miscellaneous Expenses 12 21,804.91 24,359.22 Overburden Removal Adjustment-Existing Mines 15 65,192.73 2,886.50

Total Expenditure 408,497.15 376,120.59

Operating Profit 405,552.43 359,521.60

Interest 13 1,445.73 2,436.10 Financial / Commitment Charges 13A 1,312.77 2,335.34 Depreciation 14 22,684.28 42,208.67 Provisions 16 4,213.65 1,498.35 Provision written Back 16 (546.83) (1,481.21) Write Off 16 - - Profit for the Year 376,442.83 312,524.35 Prior Period Adjustment 17 186.90 576.74 Profit Before Tax 376,629.73 313,101.09

Provision for Income Tax for the current year 149,000.00 122,500.00 Prov/Adj. for Income Tax for the earlier years 2,343.53 (737.88) Prov/ Adj. for Deferred Tax for the year (7,223.37) (5,223.56) Provision for Fringe benefit Tax - 470.00 Profit After Tax 232,509.57 196,092.53 Balance brought forward from the Previous Year 468,147.49 429,315.29 Profit Available for Appropriation 700,657.06 625,407.82

APPROPRIATIONS:Transfer to: -Corporate Social Responsibility Reserve 2,947.01 - General Reserve 23,250.96 19,609.25 Interim Dividend 50,000.00 50,000.00 Final Dividend (Proposed) 89,505.74 67,655.52

139,505.74 117,655.52 Dividend Tax 23,363.28 19,995.55

BALANCE CARRIED TO BALANCE SHEET 511,590.07 468,147.50

Basic and Diluted Earnings per Share ( in ̀ ) 13,086.39 11,036.72 (of ` 1000/- each )

( ` in Lakhs ) ( ` in Lakhs )

NORTHERN COALFIELDS LIMITED.PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON 31ST MARCH, 2010

FOR THE YEAR ENDED 31.03.2010

FOR THE YEARENDED 31.03.2009

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(Rs. in Crores)Description 2009-10 2008-09

Gross Margin 4,033.11 3,612.04 Less: Depreciation 239.23 433.32 Gross Profit 3,793.88 3,178.72 Less: Interest & Other Financial Charges 27.58 47.71 Profit Before Tax 3,766.30 3,131.01 Less: Provision for Tax 1,441.21 1,170.08 Profit After Tax 2,325.09 1,960.93 Less: Transfer to General Reserve 232.51 196.09

Dividend on Equity Share Capital 1,395.06 1,176.55 Provision for tax on distributable profit 233.63 199.96 Transfer to Corporate Social Responsibility Reserve 29.47 -

Surplus carried to Balance Sheet 434.42 388.33

Payment to Central / State ExchequerInformation in regard to contribution made by the Company towards the Central and State Exchequer is furnished hereunder:-

(Rs. in Crores)Particulars

MP UP Total MP UP TotalRoyalty 676.20 149.09 825.29 645.17 93.40 738.57 Central & State Sales Tax 112.99 109.02 222.01 103.69 97.72 201.41 Sales Tax on Works and Scraps 2.27 1.96 4.23 2.03 1.81 3.84 Entry Tax 6.62 0.07 6.69 5.19 0.08 5.27 Stowing Excise Duty 51.08 15.68 66.76 48.76 12.11 60.87 SSDA Cess - 10.26 10.26 - 9.29 9.29 Property Tax - - - 0.07 - 0.07 Forest Cess 16.88 - 16.88 36.80 - 36.80 Professional Tax 2.35 - 2.35 2.21 - 2.21 Total 868.39 286.08 1,154.47 843.92 214.41 1,058.33

00-01 01-02 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10Turnover 2739.66 3079.56 3,244.18 3,661.01 4,357.38 4,546.86 4,630.84 5,455.21 6,551.94 7,264.84 Gross Margin 1406.95 1766.6 1,816.19 2,051.46 2,380.81 2,512.95 2,555.11 3,121.64 3,612.05 4,033.11 Profit Before Tax 1025.05 1387.34 1,293.01 1,647.06 1,976.03 2,116.26 2,177.61 2,763.75 3,131.01 3,766.30 Profit After Tax 703.48 900.04 748.74 1,007.66 1,235.97 1,300.98 1,366.48 1,771.66 1,960.93 2,325.09

The Company has paid an amount of Rs.1439.48 crores towards Corporate Advance Income Tax (including TDS) during 2009-10, as against Rs.1205.11 crores paid during 2008-09.

2009-10 2008-09

NORTHERN COALFIELDS LIMITED

Northern Coalfields Limited has consistently been showing an excellent financial performance over the years. The turnover of the Company has risen from Rs.1904.81 crores in 1996-97 to Rs.7264.84 crores in 2009-10. The Profit Before Tax (PBT) has increased from Rs.728.65 crores to Rs.3766.30

crores and Profit After Tax (PAT) has risen from Rs.403.65 crores to Rs.2325.09 crores during the same period.Financial Result for the year ended on 31st March 2010 and 31st March 2009