Gujarat Ambuja Cements Limited 
Consolidated
Profit & loss Account 
for the eighteen months period  ended 31st December,2006

  Schedule

Rs. in Crores

2005-2006
(18 months)

Rs. in Crores

2004-2005
(12 months)
Rs. in Crores
INCOME        
Sales/Operating Income        
Sales  
7,121.03
-
3,454.78
Sales- Shares in joint ventutre  

6.28

 

86.56

   

7,127.31

 

3,541.34

Less : Excise Duty  
742.18
-

476.64

   

6,385.13

 

3,064.70

Services  

8.00

 

14.92

   

6,393.13

3,079.62
Other Income N
95.70
94.68
     

6,488.83

3,174.30

EXPENDITURE      
Manufacturing Expenses O
2,544.24
-
1,421.09
Variation in Stocks P

(0.81)

-

4.38

Employee's Cost Q

238.90

 

123.31

Administrative, Selling and Other Expenses R
1,486.82

-

680.15

Interest and Finance Charges (net) S
80.15

-

90.21
Depreciation and Amortization  
327.84

-

291.33

Depreciation Shares in joint venture  

0.11

 

0.19

   
4,677.25
 
2,576.66
Less Self consumption of cement        
(net of excise duty Rs 3.09 crores: 30.06.2005 - Rs0.19 croes)  

10.82

 

2.53

     

4,666.43

2,574.13

Profit before Tax and Shares of profit in Associates  

1,822.40

600.17

Shares of profit of Associates    

182.09

17.92

Profit before tax  

2,004.49

618.09
Provision for Taxation    

-

-

--  Current Tax

  392.46

-

45.45

     -- MAT Credit entilement  

(62.00)

 

-

   

330.46

 

45.45

- Current Tax Shares in joint venture  

0.06

 

3.02

Income Tax for earlier year  

-

 

2.36

- Deferred Tax (Refer Note 7)  

3.07

 

31.50

-Deferred  Tax Share in joinr venture  
(0.01)
 

0.06

- Fringe Benefit Tax  
5.30
 
0.75
- Fringe Benefit Tax Share in joint venture  
0.01
 

-

   

339.43

83.14

Net Profit before minority Interest    
1,664.69
534.95
Less minority interest for the year    

0.37

16.86

Net Profit    

1,664.69

518.09

Balance as per last account  

233.46

154..03

Balance of Profit & Loss pf joint venture  

13.32

10.01

Credit balance of profit and loss account as on        

1st January,2006 of erstwhile ACEL (Refer Note 14)

   

71.31

-

Transferred from Debenture Redemption Reserve     72.05 31.25
Transferred to Debenture Redemption Reserve    

-

25.00

Transferred from Exchange Fluctuation reserve on    
-
46.58
Cessation subsidary     1.95

-

Transferred  to Reserve fund in terms of Sec. 451C(!)  

-

0.20

Transferred to general Reserve    

1,000.00

225.00

Transferred to general Reserve share in joint venture    

-

0.25

Dividend on Cumulative Preference Shares    

0.26

0.45

Interim Dividend on Equity Shares  
339.89
 
108.05
Dividend Distribution Tax on above

 

47.67

 

15.16

   

387.56

123.21

Proposed final dividend on equity Shares  

121.35

 

14.31

Dividend Distribution Tax on above  

17.02

 

11.38

     

138.37

92.49

Balance carried to balance sheet    

530.59

246.78

Notes forming part of the accounts        
Earnings per share in Rs. (Refer Note 6)        
Basic    

11.19

3.84

Diluted    

11.15

3.83