FINANCE - BALANCE SHEET - Ashok Leyland (Curr: Rs in Cr.

)
COMPANY/FINANCE/BALANCE SHEET/31/Ashok Leyland
201003 200903 200803 200703 200603
SOURCES OF FUNDS :
Share Capital
133.03 133.03 133.03 132.39 122.16
Reserves Total
3535.7 3340.9
2016 1762.2 1290.3
Equity Share Warrants
0
0
0
0
0
Equity Application Money
0
0
0
0
0
Total Shareholders Funds 3668.8 3473.9
2149 1894.6 1412.5
Secured Loans
711.57 304.41 190.24 360.22 184.69
Unsecured Loans
1568.9 1653.7 697.26 280.18 507.24
Total Debt
2280.4 1958.1 887.5 640.4 691.93
Total Liabilities

5949.2

5432 3036.5

APPLICATION OF FUNDS :
Gross Block
6018.6
4939
Less : Accumulated Depreciation
1769.1 1539.8
Less:Impairment of Assets
0
0
Net Block
4249.6 3399.1
Lease Adjustment
0
0
Capital Work in Progress
561.47 998.29
Producing Properties
0
0
Investments
326.15 263.56
Current Assets, Loans & Advances
Inventories
1638.2
1330
Sundry Debtors
1022.1 957.97
Cash and Bank
518.92 88.08
Loans and Advances
972.91 789.54
Total Current Assets
4152.1 3165.6
Less : Current Liabilities and Provisions
Current Liabilities
2592.1 1872.7
Provisions
368.69 268.08
Total Current Liabilities
2960.8 2140.8
Net Current Assets
1191.4 1024.8
Miscellaneous Expenses not written
5.17 off 9.69
Deferred Tax Assets
26.08 74.99
Deferred Tax Liability
410.62 338.43
Net Deferred Tax
-384.5 -263.4

2535 2104.4

2942.4
1416.9
0
1525.6
0
529.24
0
609.9

2620.2
1313.2
0
1307
0
237.49
0
221.09

2138.5
1195.2
0
943.27
0
141.42
0
368.18

1223.9
375.84
451.37
824.14
2875.3

1070.3
522.88
434.94
669.57
2697.7

902.56
424.34
602.87
302.64
2232.4

1926.7
345.23
2271.9
603.32
22.29
15.96
269.78
-253.8

1651.6
104.23
1755.9
941.86
24.42
17.42
214.35
-196.9

1146.9
261.63
1408.5
823.89
7.31
7.61
187.3
-179.7

Total Assets

5949.2

5432 3036.5

2535 2104.4

Contingent Liabilities

312.28 418.63 1100.9 801.33

713.6

FINANCE - PROFIT AND LOSS - Ashok Leyland (Curr: Rs in Cr.)

201003 (12)
200903 (12)
200803 (12)
200703 (12)
200603 (12)
INCOME :
Sales Turnover
Excise Duty

8035.1
6784 9141.8 8475.4 6170.4
627.89 685.57 1206.3 1155.1 840.6

Net Sales
Other Income
Stock Adjustments

7407.2 6098.4 7935.5 7320.4 5329.8

95.49 91.23 84.18 111.56 87.34
251.85
1.04 97.48 48.98 300.6

Total Income

7754.6 6190.7 8117.1 7480.9 5717.8

EXPENDITURE :
Raw Materials
5463.5 4481.1
Power & Fuel Cost
44.47 38.42
Employee Cost
667.26 563.08
Other Manufacturing Expenses90.35 93.49
Selling and Administration Expenses
642.58 485.08
Miscellaneous Expenses
10.94
-9.44
Less: Pre-operative Expenses15.25
Capitalised8.2

5861.1 5493.8 4133.6

44.89 45.43 41.41
613.97 478.67 402.49
115.69 92.74 79.61
574.58 572.16 432.81
15.77 14.34
9.26
0.67
0.13
0.41

Total Expenditure

6903.8 5643.5 7225.3

Operating Profit
Interest
Gross Profit
Depreciation
Profit Before Tax
Tax
Fringe Benefit tax
Deferred Tax
Reported Net Profit
Extraordinary Items
Adjusted Net Profit

850.73
101.85
748.88
204.11
544.77
0
0
121.1
423.67
40.06
383.61

547.18
160.32
386.86
178.41
208.45
0
6
12.45
190
11.21
178.79

891.82
76.31
815.51
177.36
638.15
101.4
7
60.44
469.31
18.55
450.76

6697 5098.8
783.92
28.84
755.08
150.57
604.51
135.05
5.15
23.02
441.29
15.52
425.77

618.96
40.65
578.31
126.01
452.3
113.05
4.7
7.23
327.32
24.85
302.47

Adjst. below Net Profit

0
0.25
0
2.96
0
P & L Balance brought forward482.3 502.27 361.69 230.37 178.41
Statutory Appropriations
0
0
0
0
0
Appropriations
328.52 210.22 328.73 312.93 275.36
P & L Balance carried down 577.45 482.3 502.27 361.69 230.37
Dividend
199.55 133.03 199.77 198.58 159.79
Preference Dividend
0
0
0
0
0
Equity Dividend %
150
100
150
150
120
Earnings Per Share-Unit Curr 2.94
1.26
3.27
3.12
2.5
Earnings Per Share(Adj)-Unit Curr
2.94
1.26
3.27
3.12
2.5
Book Value-Unit Curr
17.56 15.85 15.99 14.14 11.37

FINANCE - CASH FLOW - Ashok Leyland (Curr: Rs in Cr.)

201003 200903 200803 200703 200603
Cash Flow Summary
Cash and Cash Equivalents at85.15
Beginning
815.73
of the 195.2
year 708.29 919.49
Net Cash from Operating Activities
1090.2 -525.6 1065.7 499.95 322.02
Net Cash Used in Investing Activities
-783.2 -664.2 -809.7 -722.2 -133.6
Net Cash Used in Financing Activities
123.31 459.18 364.52 -290.8 -257.6

Net Inc/(Dec) in Cash and Cash

430.31
Equivalent
-730.6 620.53
Cash and Cash Equivalents at
515.46
End of the
85.15
year 815.73

-513.1 -69.17
195.2 850.32

RATIOS - KEY FINANCIAL RATIOS - Ashok Leyland

201003 200903 200803 200703 200603
Key Ratios
Debt-Equity Ratio
Long Term Debt-Equity Ratio
Current Ratio
Turnover Ratios
Fixed Assets
Inventory
Debtors
Interest Cover Ratio
PBIDTM (%)
PBITM (%)
PBDTM (%)
CPM (%)
APATM (%)
ROCE (%)
RONW (%)

0.95
0.95
1.27

0.67
0.67
1.22

0.38
0.35
1.2

0.41
0.36
1.34

0.62
0.62
1.5

1.95
5.41
8.12
6.35
10.59
8.05
9.32
7.81
5.27
14.92
19.06

2.09
5.31
10.17
2.3
8.07
5.44
5.7
5.43
2.8
10.46
8.97

3.31
7.97
20.34
9.36
9.76
7.82
8.92
7.07
5.13
26.08
23.48

3.6
8.59
17.9
21.96
9.25
7.47
8.91
6.98
5.21
27.77
27.07

3.02
8.39
13.97
12.13
10.03
7.99
9.37
7.35
5.3
24.18
25.86

FINANCE - BALANCE SHEET - Tata Steel (Curr: Rs in Cr.)

COMPANY/FINANCE/BALANCE SHEET/566/Tata Steel
201003 200903 200803 200703
SOURCES OF FUNDS :
Share Capital
887.41 6203.5 6203.3 580.67
Reserves Total
36074 23973 21097 13368
Equity Share Warrants
0
0
0 147.06
Equity Application Money
0.14
0.24
5.65
0.01
Total Shareholders Funds
36962 30177 27306 14096
Secured Loans
2259.3 3913.1 3520.6 3758.9
Unsecured Loans
22980 23033 14501 5886.4
Total Debt
25239 26946 18022 9645.3
Total Liabilities

62201

57123

APPLICATION OF FUNDS :
Gross Block
22306 20057
Less : Accumulated Depreciation
10038
8962
Less:Impairment of Assets 106.07 100.47
Net Block
12162 10995
Lease Adjustment
0
0
Capital Work in Progress
3843.6 3487.7
Producing Properties
0
0
Investments
44980 42372
Current Assets, Loans & Advances
Inventories
3077.8 3480.5
Sundry Debtors
434.83 635.98
Cash and Bank
3234.1 1590.6
Loans and Advances
5500 5032.7
Total Current Assets
12247 10740
Less : Current Liabilities and Provisions
Current Liabilities
6859.9 6039.6
Provisions
3303.7 3950.8
Total Current Liabilities
10164 9990.4
Net Current Assets
2083.1 749.34
Miscellaneous Expenses not written
0 off
105.07
Deferred Tax Assets
1178.6 1306.6
Deferred Tax Liability
2046.3 1892.3
Net Deferred Tax
-867.7 -585.7
57123

200603
553.67
9201.6
0
0
9755.3
2191.7
324.41
2516.2

45328

23741

12271

16480
8123
100.47
8256.1
0
4367.5
0
4103.2

16029 15407
7386 6605.7
100.41 94.19
8543.1 8707.3
0
0
2497.4 1157.7
0
0
6106.2
4070

2605
2333 2174.8
543.48 631.63 539.4
465.04 7681.4 288.39
33349 3055.9 1235.1
36962 13702 4237.6
3849.6
3984.8
7834.4
29128
155.11
1211.5
1893.3
-681.8

3523.2
3037.5
6560.7
7141.2
202.53
970.02
1719
-748.9

2836
2361.4
5197.4
-959.8
253.27
771.15
1728.2
-957

45328

23741

12271

Total Assets

62201

Contingent Liabilities

4728.4 3921.8 2756.5

5073 2209.5

FINANCE - PROFIT AND LOSS - Tata Steel (Curr: Rs in Cr.)

201003 (12)
200903 (12)
200803 (12)
200703 (12)
200603 (12)
INCOME :
Sales Turnover

26758

26844

22190

19763

17140

Excise Duty
Net Sales
Other Income
Stock Adjustments

1817 2495.2
2537 2304.2 2004.8
24941 24349 19653 17458 15135
1287.9 651.51 975.08 568.31 356.24
-135 289.27 38.73 82.47 104.91

Total Income

26094

25289

20666

18109

15597

EXPENDITURE :
Raw Materials
5663.8 6068.8
Power & Fuel Cost
1383.4 1222.5
Employee Cost
2354.1 2295.4
Other Manufacturing Expenses
3509.4 3195.9
Selling and Administration Expenses
2044.5 1831.5
Miscellaneous Expenses
1319.1 1240.4
Less: Pre-operative Expenses
326.11
Capitalised
343.65

3743.1
1048.1
1803.9
2611.2
1601.8
1203.7
175.5

3572.1
1027.8
1599
2500
1491.6
822.57
236.02

3024.4
897.57
1397.4
2090.7
1373.7
735.89
112.62

Total Expenditure

15948

15511

11836

10777

9407

Operating Profit
Interest
Gross Profit
Depreciation
Profit Before Tax
Tax
Fringe Benefit tax
Deferred Tax
Reported Net Profit
Extraordinary Items
Adjusted Net Profit

10146
1848.2
8297.5
1083.2
7214.3
1998
0
169.5
5046.8
624.85
4422

9778.5
1489.5
8289
973.4
7315.6
2173
16
-75.13
5201.7
220.24
4981.5

8830
929.03
7901
834.61
7066.4
2252
19
108.33
4687
312.43
4374.6

7332.2
251.25
7080.9
819.29
6261.7
2076
16
-52.51
4222.2
-83.74
4305.9

6189.6
174.51
6015.1
775.1
5240
1579
27
127.58
3506.4
-1.23
3507.6

Adjst. below Net Profit

12.28
0
0
0
0
P & L Balance brought forward
9496.7 6387.5
4594 2976.2 1790.2
Statutory Appropriations
0
0
0
0
0
Appropriations
1783.1 2092.5 2893.6 2604.3 2320.4
P & L Balance carried down 12773 9496.7 6387.5
4594 2976.2
Dividend
709.77
1169 1168.9 943.91 719.51
Preference Dividend
45.88 109.45 22.19
0
0
Equity Dividend %
80
160
160
155
130
Earnings Per Share-Unit Curr 54.97 66.75 61.06 69.95 61.51
Earnings Per Share(Adj)-Unit Curr
54.97 66.75 61.06 61.82 54.36
Book Value-Unit Curr
416.51 338.04 298.7 240.22 176.19

FINANCE - CASH FLOW - Tata Steel (Curr: Rs in Cr.)

201003 200903 200803 200703 200603
Cash Flow Summary
Cash and Cash Equivalents at
1592.9
Beginning
465.04
of the7681.4
year 288.39 246.72
Net Cash from Operating Activities
8369.2 7549.9 6254.2
4896 3637.5

Net Cash Used in Investing Activities

-5255 -9581 -29319 -5430 -2465
Net Cash Used in Financing Activities
-1473 3156.4 15848 7926.5 -1131
Net Inc/(Dec) in Cash and Cash
1641.3
Equivalent
1125.6 -7216
7393 41.67
Cash and Cash Equivalents at
3234.1
End of 1590.6
the year 465.04 7681.4 288.39

RATIOS - KEY FINANCIAL RATIOS - Tata Steel

201003 200903 200803 200703 200603
Key Ratios
Debt-Equity Ratio
Long Term Debt-Equity Ratio
Current Ratio
Turnover Ratios
Fixed Assets
Inventory
Debtors
Interest Cover Ratio
PBIDTM (%)
PBITM (%)
PBDTM (%)
CPM (%)
APATM (%)
ROCE (%)
RONW (%)

0.78
0.78
1.05

0.78
0.78
2.3

0.67
0.66
2.88

0.51
0.5
1.27

0.31
0.3
0.71

1.26
8.16
49.98
4.42
34.58
30.53
27.67
20.57
16.53
13.7
14.19

1.47
8.82
45.52
5.91
36.43
32.8
30.88
23
19.38
17.23
21.88

1.37
8.99
37.77
8.61
39.79
36.03
35.61
24.88
21.12
23.27
25.97

1.26
8.77
33.75
25.92
37.1
32.96
35.83
25.51
21.36
36.63
35.4

1.2
8.47
30.57
31.03
36.11
31.59
35.09
24.98
20.46
50.13
41.7