|
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 |
| |
|
|
|
|