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81
Annual Report 2011-12
80 Kajaria Ceramics Limited
Consolidated Statement of Profit and Loss
For the year ended 31st March 2012
Consolidated Balance Sheet
As at 31st March 2012
The accompanying Notes 1 to 39 form an integral part of these financial statements.
In terms of our report of even date Annexed
For and on behalf of the Board
For
O. P. Bagla & Co.
D. P. Bagchi
Chartered Accountants
R. K. Bhargava
R. R. Bagri
Atul Bagla
Ashok Kajaria
H. Ratnakar Hegde
R. C. Rawat
Partner
Chairman & Managing Director
Directors
Sr. Vice President (A & T) &
Membership No.: 91885
Company Secretary
Chetan Kajaria
Place: New Delhi
Rishi Kajaria
Dated: 27 April 2012
Jt. Managing Directors
The accompanying Notes 1 to 39 form an integral part of these financial statements.
In terms of our report of even date Annexed
For and on behalf of the Board
For
O. P. Bagla & Co.
D. P. Bagchi
Chartered Accountants
R. K. Bhargava
R. R. Bagri
Atul Bagla
Ashok Kajaria
H. Ratnakar Hegde
R. C. Rawat
Partner
Chairman & Managing Director
Directors
Sr. Vice President (A & T) &
Membership No.: 91885
Company Secretary
Chetan Kajaria
Place: New Delhi
Rishi Kajaria
Dated: 27 April 2012
Jt. Managing Directors
(
`
in million)
Notes
31.03.2012
31.3.2011
EQUITY AND LIABILITIES
Shareholders' Funds
Share Capital
2
147.17
147.17
Reserves and Surplus
3
2,673.54
2,078.02
2,820.71
2,225.19
Minority Interest
72.20
18.45
Non-current Liabilities
Long-term borrowings
4
916.75
1,016.36
Deferred tax liabilities
5
643.68
603.20
Long-term provisions
6
62.24
42.16
1,622.67
1,661.72
Current liabilities
Short-term Borrowings
7
1,143.28
1,066.83
Trade payables
8
1,775.80
1,705.96
Other current liabilities
9
1,433.06
1,179.60
Short-term provisions
10
294.48
244.23
4,646.62
4,196.61
Total
9,162.20
8,101.97
ASSETS
Non-current Assets
Fixed assets
Tangible assets
11
5,147.61
4,870.21
Intangible assets
12
61.60
44.71
Capital Work-in-Progress
23.58
0.64
Non-current investments
13
0.81
33.94
Long-term loans and advances
14
135.85
283.79
Other non-current assets
15
0.68
1.32
5,370.13
5,234.61
Current Assets
Inventories
16
1,864.84
1,546.48
Trade receivables
17
1,442.21
942.45
Cash and bank balances
18
71.57
37.72
Short-term loans and advances
19
15.72
–
Other current assets
20
397.73
340.72
3,792.07
2,867.36
Total
9,162.20
8,101.97
Significant Accounting Policies
1
(
`
in million)
Notes
31.03.2012
31.3.2011
REVENUE
Revenue from operations
21
14,087.09
10,060.66
Less: Excise Duty
956.81
528.20
13,130.28
9,532.46
Other Income
22
14.74
3.23
Total Revenue
13,145.02
9,535.68
EXPENSES
Cost of Materials Consumed
23
3,105.80
1,573.84
Purchases of Stock in Trade
3,620.53
3,759.34
Changes in Inventories
24
(218.01)
42.60
Employee benefits expenses
25
1,071.85
760.83
Finance costs
26
485.11
300.52
Depreciation and amortisation expenses
392.58
296.80
Other expenses
27
3,488.12
1,909.55
Total expenses
11,945.98
8,643.48
Profit before exceptional and extraordinary items & tax
1,199.04
892.20
Exceptional/Extraordinary items
–
–
Profit before tax
1,199.04
892.20
Tax expense:
Current tax
Current year
326.31
218.69
Earlier years
13.77
13.35
Deferred tax
Current year
40.48
53.24
PROFIT AFTER TAX (Before adjustment for Minority Interest)
818.48
606.92
Less : Share of profit transferred to Minority
9.65
0.72
PROFIT AFTER TAX (After adjustment for Minority Interest)
808.83
606.20
Basic/Diluted Earnings per equity share (
`
)
10.99
8.24
Significant Accounting Policies
1