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
5455.21 crores in 2007-08.The profit before Tax (PBT) has increased from 728.65
crores (before contribution to Coal Price Regulation Account) to Rs 2763.75
crores and profit after Tax (PAT) has risen from Rs 403.65 crores to 1771.66
crores during the same period
Financial result (Rs. in crores) for the year ended
on 31st March 2008 and 31st March 2007
|
Description |
2007-08 |
2006-07 |
|
Gross Margin |
3121.64 |
2555.11 |
|
Less: Depreciation |
314.84 |
327.94 |
|
Gross Profit |
2806.80 |
2227.17 |
|
Less: Interest & other financial
charges |
43.05 |
49.56 |
|
Profit before Tax |
2763.75 |
2177.61 |
|
Less: Provision for Tax |
992.09 |
811.13 |
|
Profit after Tax |
1771.66 |
1366.48 |
|
Less: Transfer to General Reserve |
177.17 |
136.65 |
|
Dividend on Equity Share
Capital |
1063.00 |
546.59 |
|
Provision for tax on
distributable profit |
180.66 |
84.87 |
|
Surplus carried to Balance Sheet |
350.83 |
598.37 |
Payment to Central/State Exchequer (Rs in crores)
Information in regard to contribution made by the Company
towards the Central and State Exchequer is furnished hereunder:-
|
Particulars |
2007-08 |
2006-07 |
||||
|
MP |
UP |
Total |
MP |
UP |
Total |
|
|
Royalty |
504.40 |
115.17 |
619.57 |
385.94 |
110.90 |
496.84 |
|
Central & State Sales Tax |
86.51 |
92.02 |
178.53 |
113.23 |
84.32 |
197.55 |
|
Sales Tax on works and scraps |
2.56 |
1.27 |
3.83 |
2.94 |
1.44 |
4.38 |
|
Entry Tax |
6.86 |
0.0 |
6.86 |
5.60 |
1.50 |
7.10 |
|
Stowing Excise Duty |
47.70 |
10.90 |
58.60 |
41.86 |
10.86 |
52.72 |
|
SSDA Cess |
- |
6.61 |
6.61 |
- |
5.84 |
5.84 |
|
Property Tax |
3.77 |
- |
3.77 |
- |
- |
- |
|
Forest Cess |
2.63 |
- |
2.63 |
16.09 |
- |
16.09 |
|
Professional Tax |
2.29 |
- |
2.29 |
2.16 |
- |
2.16 |
|
Total |
656.72 |
225.97 |
882.69 |
567.82 |
214.86 |
782.68 |
The Company has paid an amount of Rs 1062.23 crores towards
corporate advance income tax (including FBT and TDS)
during 2007-08, as against Rs 916.28 crores paid during
2006-07.
|
|
98-99 |
99-00 |
00-01 |
01-02 |
02-03 |
03-04 |
04-05 |
05-06 |
06-07 |
07-08 |
|
Turnover |
2180.58 |
2504.28 |
2739.66 |
3079.56 |
3244.18 |
3661.01 |
4357.38 |
4546.84 |
4630.84 |
5455.21 |
|
Gross Margin |
1105.84 |
1285.28 |
1406.95 |
1766.60 |
1816.19 |
2051.46 |
2380.81 |
2512.95 |
2555.10 |
3121.16 |
|
Profit before Tax |
802.13 |
936.86 |
1025.05 |
1387.34 |
1293.01 |
1647.06 |
1976.03 |
2116.26 |
2177.61 |
2763.75 |
|
Profit after tax |
529.43 |
628.86 |
703.48 |
900.04 |
748.74 |
1007.66 |
1235.97 |
1300.98 |
1366.48 |
1771.66 |
* CPRA has been discounted
from the year 1996-97
|
BALANCE SHEET AS AT 31 ST. MARCH , 2008. |
||||
|
|
|
AS AT 31 ST |
|
AS AT 31 ST. |
|
SOURCES OF FUND: |
|
MARCH
2008. |
|
MARCH
2007 |
|
|
|
(RS.
IN LAKHS) |
|
(RS.
IN LAKHS) |
|
Shareholders' funds: |
||||
|
Share
Capital |
17767.28 |
|
17767.28 |
|
|
Share
Money Pending Allotment |
- |
|
- |
|
|
Reserves & Surplus |
589878.63 |
|
538268.27 |
|
|
|
|
607645.91 |
|
556035.55 |
|
Deferred Tax Liability |
|
13779.34 |
|
20395.93 |
|
Loan Fund: |
||||
|
Secured |
|
- |
|
- |
|
Unsecured |
|
81503.87 |
|
88770.10 |
|
|
|
702929.12 |
|
665201.58 |
|
APPLICATION OF FUND: |
||||
|
A. Fixed Assets |
|
|
|
|
|
Gross
Block |
616845.55 |
|
598052.93 |
|
|
Less:
Depreciation |
433618.07 |
|
408322.89 |
|
|
Net
Block |
183227.48 |
|
189730.04 |
|
|
B. Capital Work-in-Progress |
31684.42 |
|
17215.54 |
|
|
C. Surveyed off Fixed Assets- Awaiting disposal |
472.29 |
|
720.61 |
|
|
|
|
215384.19 |
|
207666.19 |
|
Investments |
|
9164.80 |
|
10883.20 |
|
Current Assets, Loans & Advances: |
|
|
|
|
|
Sundry Debtors |
5182.79 |
|
5052.56 |
|
|
Inventories |
29773.51 |
|
22572.00 |
|
|
Cash & Bank Balances |
395923.24 |
|
309573.91 |
|
|
Loans & Advances |
307737.07 |
|
295483.61 |
|
|
Other Current Assets |
19908.03 |
|
13281.40 |
|
|
Cost of Removal of OverBurden |
- |
|
- |
|
|
Total Current Assets , Loans & Advances |
758524.64 |
|
645963.48 |
|
|
Less: Current Liabilities & Provisions: |
280144.51 |
|
199311.29 |
|
|
Net Current Assets |
|
478380.13 |
|
446652.19 |
|
|
|
702929.12 |
|
665201.58 |
|
PROFIT & LOSS ACCOUNTS FOR THE
YEAR ENDING 31ST MARCH 2008 |
||||
|
|
|
FOR THE YEAR ENDED |
|
FOR THE YEAR ENDED |
|
|
|
ON 31 ST MARCH, 2008. |
|
ON 31 ST MARCH, 2007. |
|
|
|
(RS. IN LAKHS) |
|
(RS. IN LAKHS) |
|
INCOME: |
||||
|
Sales |
|
545520.71 |
|
463083.93 |
|
Coal issued for other purposes |
|
- |
|
0.02 |
|
Accretion/Decretion in Stock |
|
3034.08 |
|
-1707.34 |
|
Accretion/Decretion in Stock ( Workshop) |
|
1392.53 |
|
254.07 |
|
Other Income |
|
62183.80 |
|
55174.98 |
|
Extraordinary
Income |
|
1571.54 |
|
362.37 |
|
Total Income |
|
613702.66 |
|
517168.03 |
|
EXPENDITURE: |
||||
|
Consumption of Stores & Spares |
|
109832.63 |
|
103325.40 |
|
Employees Remuneration & Benefits |
|
58547.04 |
|
48708.79 |
|
Social Overhead |
|
17147.48 |
|
15341.84 |
|
Power & Fuel |
|
18878.80 |
|
19281.41 |
|
Repairs |
|
10524.52 |
|
8782.84 |
|
Contractual Expenses |
|
42428.29 |
|
12761.01 |
|
Miscellaneous Expenses |
|
17959.90 |
|
15450.54 |
|
Overburden Removal Adjustment-Existing Mines |
|
25150.41 |
|
40208.87 |
|
Total Expenditure |
|
300469.07 |
|
263860.70 |
|
Gross Operating Profit/ Loss |
|
313233.59 |
|
253307.33 |
|
Interest |
|
3073.47 |
|
3527.09 |
|
Financial / Commitment Charges |
|
1231.70 |
|
1428.76 |
|
Depreciation |
|
30261.92 |
|
32340.67 |
|
Provisions |
|
1649.88 |
|
883.45 |
|
Provision written Back |
|
-244.93 |
|
-1906.67 |
|
Write Off |
|
671.68 |
|
- |
|
Profit / Loss for the Year |
|
276589.87 |
|
217034.03 |
|
Prior Period Adjustment |
|
-214.78 |
|
726.94 |
|
Profit /Loss Before Taxation |
|
276375.09 |
|
217760.97 |
|
Provision for Income Tax for the current year |
|
106000.00 |
|
91500.00 |
|
Prov/Adj. for Income Tax for the earlier years |
|
-370.66 |
|
-10523.41 |
|
Prov/ Adj. for Deferred Tax for the year |
|
-6616.59 |
|
-29.13 |
|
Provision for Fringe benefit Tax |
|
196.00 |
|
165.00 |
|
Profit After Tax |
|
177166.34 |
|
136648.51 |
|
Profit Upto The Previous Year |
395421.57 |
|
325576.77 |
|
|
Less:Provision for Employee Benefit for the
earlier year |
1190.53 |
|
- |
|
|
|
|
394231.04 |
|
325576.77 |
|
Profit available for appropriation |
|
571397.38 |
|
462225.28 |
|
APPROPRIATIONS: |
||||
|
Interim
Dividend |
50000.00 |
|
27000.00 |
|
|
Final
Dividend (Proposed ) |
56299.80 |
|
27659.40 |
|
|
|
|
106299.80 |
|
54659.40 |
|
Provision for
Dividend Tax |
|
18065.65 |
|
8487.46 |
|
Adj. for Deemed Dividend Tax for the earlier year |
|
- |
|
-10008.00 |
|
Transfered
to General Reserve |
|
17716.63 |
|
13664.85 |
|
|
|
|
|
|
|
BALANCE CARRIED TO BALANCE SHEET |
|
429315.30 |
|
395421.57 |
|
Basic and Diluted Earnings per Share ( in Rupees) |
|
9971.49 |
|
7691.02 |