NCL 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.4630.84 crores in 2006-07. The Profit before Tax (PBT) has increased from Rs.728.65 crores (before contribution to Coal Price Regulation Account) to Rs.2177.61 crores and Profit after Tax (PAT) has risen from Rs. 403.65 crores to Rs.1366.49 crores during the same period. 

Financial results for the year ended on 31st March 2006 and on 31st March 2007

( in RS. Crores )

Description

FY 2006-07

FY 2005-06

Gross Margin (PBDIT)

2555.11

2512.96

Less: Depreciation

327.94

349.67

Gross profit (PBIT)

2227.17

2163.29

Less: Interest & other financial charges

49.56

47.03

Profit before Tax (PBT)

2177.61

2116.26

Less: Provision for Tax

811.12

815.28

Profit after Tax (PAT)

1366.48

1300.98

Transfer to General Reserve

136.65

130.10

Dividend on Equity Share Capital

546.59

520.39

Provision for Tax on distributable profit

84.87

72.99

Surplus carried to Balance Sheet

598.37

577.50

 

Payment made to Central & State Exchequer towards statutory dues

during 2006-07

 

( in RS. Crores )

Particulars

MP

UP

Total

Royalty: Coal

385.94

110.90

496.84

Central sales tax

71.69

14.55

86.24

State sales tax

41.53

69.78

111.31

Stowing Excise Duty

41.86

10.86

52.72

Sales tax on works & scraps

2.94

1.44

4.38

Entry tax

5.60

1.50

7.10

SSADA Cess

0.00

5.84

5.84

Property tax

0.00

0.00

0.00

Forest Cess

16.09

0.00

16.09

Professional Tax

2.16

0.00

2.16

Total

567.82

214.86

782.68

The Company made payment of Rs.916.28 crores towards Corporate Advance Income Tax (including TDS) during

2006-07 as compared to Rs. 924.18 crores during the previous year.

 

96-97

97-98

98-99

99-00

00-01

01-02

02-03

03-04

04-05

05-06

06-07

Turnover

1904.81

2169.81

2180.58

2504.27

2739.66

3079.56

3244.18

3661.01

4357.38

4546.86

4630.84

Gross Margin

1010.13

1072.98

1105.84

1285.28

1406.95

1766.60

1816.19

2051.47

2380.82

2512.96

2555.11

Profit before Tax/CPRA

728.65

759.34

802.13

936.86

1025.05

1387.34

1293.01

1647.06

1976.04

2116.26

2177.61

Profit after Tax/CPRA

403.65

489.62

529.43

628.86

703.48

900.04

748.74

1007.66

1235.97

1300.98

1366.49

 


 


 

 

Balance Sheet as at 31st March, 2007

( in RS. Lakhs )

SOURCES OF FUND:

As at 31.03.07

As at 31.03.06

Shareholders’ Fund :

 

 

Share Capital

17767.28

17767.28

Reserves & Surplus

538268.27

454758.62

Deferred Tax Liability

20395.93

20425.06

Loan Fund :

 

 

Secured

-

-

Unsecured

88770.10

97797.60

Total

665201.58

590748.56

APPLICATION OF FUND :

A. Fixed Assets :

 

 

Gross Block

598052.93

578240.28

Less : Depreciation

408322.89

383320.46

Net Block

189730.04

194919.82

B. Capital Work-in-Progress

17215.54

10069.93

C. Surveyed-off fixed assets - Awaiting disposal

720.61

789.83

Total

10883.20

11456.00

Investments

 

 

Current Assets, Loan & Advances :

 

 

Debtors

5052.56

10890.94

Inventories

22572.00

22455.88

Cash & Bank Balances

309573.91

242873.93

Loans and Advances

295483.61

255817.01

Other Current Assets

13281.40

7015.51

Cost of Removal of Overburden

-

-

Total Current Assets, Loan & Advances

645963.48

539053.26

Less: Current Liabilities & Provisions

199311.29

165540.28

 

Net Current Assets

446652.19

373512.98

 

 

665201.58

590748.56

 

 

Profit & Loss Account for the year ended 31st March, 2007

( in RS. Lakhs )

Income :

For the year ended 31.03.07

For the year ended 31.03.06

Sales

463083.93

454686.24

Coal issued for other purposes

0.02

0.18

Accretion/Decretion in Stock

-1707.34

-362.09

Accretion/Decretion in Stock Workshop jobs

254.07

-249.70

Other income

55537.35

36125.88

.Total Income

517168.03

490200.51

Expenditure:

 

 

Consumption of Stores & Spares

103325.40

88852.70

Employees Remuneration & Benefits

48708.79

42338.25

Social Overhead

15341.84

14271.38

Power & Fuel

19281.41

19308.29

Repairs

8782.84

9047.30

Contractual Expenses

12761.01

7847.55

Miscellaneous Expenses

15450.54

15176.11

Overburden Removal Adjustment

40208.87

42386.14

Total Expenditure

263860.70

239227.72

Gross Operating Profit/ Loss

253307.33

250972.79

Interest

3527.09

3032.97

Financial / Commitment Charges

1428.76

1669.56

Depreciation

32340.67

33883.55

Provisions

883.45

1090.65

Write Off

0.00

0.00

Profit/Loss for the year

215127.36

211296.06

Provision written back

1906.67

603.01

Prior period adjustment

726.94

-273.34

Profit/Loss before Taxation

217760.97

211625.73

Provision for Income Tax for the year

91500.00

91000.00

Adj. of Income Tax for earlier year

-10523.41

-4882.05

Adj. for Deferred Tax for the year

-29.13

-4755.41

Provision for Fringe Benefit Tax

165.00

165.00

Profit after Tax

136648.51

130098.19

Profit up to the Previous Year

325576.77

267826.19

Profit available for appropriation

462225.28

397924.38

APPROPRIATIONS:

 

 

Transfer to General Reserve

13664.85

13009.82

 Provision for proposed dividend on Equity Shares:

 

 

Interim

27000.00

22700.00

Final

27659.40

29339.28

Provision for Dividend Tax

8487.46

7298.51

Balance Carried to Balance Sheet

395421.57

325576.77

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