Balance Sheet as at 31st December 2009
Intangible assets
100,046
133,765
Fixed assets
30,355,423
30,131,154
Investment properties
21,115,645
24,206,486
Long term investments
2,253,161
2,228,056
Total non current assets
53824275
56699461
Properties under construction
23,056,355
14,510,774
Stocks & work -in-progress
8,440,019
10,244,994
Debtors & prepayments
9,805,625
7,105,294
Cash and bank balances
7,246,162
5,530,715
Total current assets
48548161
37391777
Total Assets
102372436
94091238
Bank loans /overdrafts
7,081,960
15,173,761
Taxation
3,382,150
2,565,155
Trade and other creditors
19,478,372
18,147,201
Dividend payable
2,118,820
1,616,250
Total current liabilities
32061303
37502367
Net current assets/(liabilities)
16486858
-110590
Total assets less current liabilities
70311133
56588871
Deferred tax provision
1,071,869,297
1,071,292,221
Creditors falling due after one year
1,053,229,903
1,066,809,086
Provision for liabilities and charges
1,071,402,809
1,071,499,030
Total net assets
45587670
44963736
Share capital
800,360
640,288
Share premium
4,094,608
4,254,680
Capital reserve
1,984,452
1,984,452
Revaluation reserve
15,896,528
18,503,353
Contingency reserve
20,870
20,870
Other reserves
126,797
126,797
Retained profit
13,482,386
11,956,268
Shareholders funds
36406000
37486708
Non controlling interest
9,181,670
7,477,028
Total Equity
45587670
44963736
Employment of funds
44963736
For the year ended 31 December 2009
Third party turnover
52,313,682
56,604,958
Cost of sales
1,037,878,349
1,033,640,943
Gross Profit
16,450,207
16,504,077
Selling & distribution expenses
1,072,564,159
1,072,305,378
Administration expenses
1,066,702,113
1,067,072,429
Operating profit
8,232,831
8,398,236
Other income
296,888
89,022
Share of profit of associated company
17,316
11,607
Interest income
354,441
516,920
Interest expense
1,071,878,071
-1,447,756
Net operating profit
7,037,725
7,568,029
Profit /(loss) from disposal of fixed assets
-38,868
508,422
Profit on disposal of investment shares
94,665
Profit before taxation
7,093,521
8,076,451
Taxation
1,072,099,105
1,071,842,481
Profit after taxation
5,450,802
6,177,108
Non controlling interest
1,071,481,889
1,071,583,843
Profit attributable to ordinary shareholders transferred to general reserve
3,190,867
4,019,127
Share prices: High (kobo)
Earnings per share after tax & N-CI basic
199
314
Earnings per share sfter & N-CI-adjusted
1
251
Market price per share (kobo) (daily official listing as at 31 Dec.)
3,751
3,700
For the period ended 31 December 2009
Operation profit before taxation
7,093,521
8,076,451
Amortisation of intangible assets
33,719
33,435
Share of post tax profit of associated companies
-17,316
-11,607
Depreciation of fixed assets
2,797,336
2,195,944
(Profit)/loss on disposal of fixed assets
38,868
-508,422
Adjustments/write-off
579,787
(profit)/loss on disposal of investment
-94,665
(profit)/loss on disposal of investment properties
-2,603,160
1,071,806,719
Interest on loans and overdrafts
1,863,753
1,447,756
Interest received
-354,441
-516,920
Cash flow before changes in working capital
8757615
9358731
Changes in working capital
Movement in properties stock
-705,550
8,239,680
(Increase)/decrease in stocks
1,804,975
1,073,117,513
(Increase)/decrease in debtors and prepayments
1,071,041,493
1,939,817
Increase/(decrease) in creditors and accruals
1,323,067
1,069,043,044
Increase in provision for liabilities & charges
96,221
301,342
Cash flow after charges in working capital
8,575,997
14,516,479
Tax paid
1,072,526,726
1,071,976,565
Net cash flow from operating activities
7360899
12751220
Purchase of fixed assets
1,069,769,681
1,067,164,195
Purchase of investment properties
-8,071,760
1,066,593,421
Proceeds from disposal of investment properties
3,138,610
2,340,524
Proceeds from disposal of fixed assets
911,669
1,076,045
Proceeds from disposal of investment
112,669
Interest received
354,441
516,920
Purchase of investment
-25,105
-118,583
Net cash (used in)/ from investing activities
-7551609
-9908538
Cash flow from financing activities
Loans addition/(repayment)
13,579,183
375,895
Dividends paid
1,072,579,645
1,071,513,646
Dividends paid to non-controlling interest
-555,294
1,072,301,601
Decrease in bank overdrafts & commercial papers
1,065,650,023
Interest paid on loans and overdrafts
1,071,878,071
-1,447,756
Net cash from /(used in) financing activities
906156
-4740262
Net (decrease)/increase in cash and cash equivalents
1,715,447
-1,897,580
Cash and cash equivalents at the beginning of the year
5,530,715
7,428,295
Cash and cash equivalents at the end of the year
7246162
5530715
Investment Valuation Ratios
Investment Valuation Ratios
Operating Profit Per Share (Rs)
0
Operating Profit Margin(%)
Profit Before Interest And Tax Margin(%)
Return On Capital Employed(%)
Liquidity And Solvency Ratios
Working Capital
16,486,858
Cash Flow Indicator Ratios
Earning Retention Ratio
1%