Profit and loss account of Akzo Nobel

Mar '05 Mar '06 Mar '07 Mar '08

Income
Sales Turnover 272.16 404.74 346.91
Excise Duty 16.15 20.95 12.39
Net Sales 256.01 383.79 334.52
Other Income 3.01 -3.7 -6.02
Stock Adjustments 28.13 -1.14 -0.93
Total Income 287.15 378.95 327.57
Expenditure
Raw Materials 188.25 286.38 268.88
Power & Fuel Cost 3.42 2.63 1.7
Employee Cost 15.25 16.16 18.41
Other Manufacturing Expenses 2.86 3.38 2.54
Selling and Admin Expenses 9.21 12.3 12.11
Miscellaneous Expenses 3.82 4.25 4.58
Preoperative Exp Capitalised 0 0 0
Total Expenses 222.81 325.1 308.22
Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths

Operating Profit 61.33 57.55 25.37

PBDIT 64.34 53.85 19.35
Interest 10.4 16.63 14.13
PBDT 53.94 37.22 5.22
Depreciation 9.33 10.31 10.56
Other Written Off 0 0 0
Profit Before Tax 44.61 26.91 -5.34
Extra-ordinary items 0.5 -0.02 -0.62
PBT (Post Extra-ord Items) 45.11 26.89 -5.96
Tax 14.56 4.27 -1.19
Reported Net Profit 30.58 22.66 -4.78
Total Value Addition 34.55 38.73 39.34
Preference Dividend 0 0 0
Equity Dividend 11.35 7.94 0
Corporate Dividend Tax 1.59 1.35 0
Per share data (annualised)
Shares in issue (lakhs) 226.92 226.92 226.92
Earning Per Share (Rs) 13.48 9.99 -2.11
Equity Dividend (%) 50 35 0
Book Value (Rs) 38.74 44.61 42.5

Fianancial Ratios
Mar '06 Mar '07 Mar '08
Liquidity Ratios
Current Ratio 1.34 1.49 0.97
Quick Ratio 0.34 0.80 0.44
Leverage Ratio
Debt Equity Ratio 5.54 9.55 13.23

Turnover Ratio
Inventory Turnover Ratio 5.76 3.84 3.36
Debter Turnover Ratio 42.95 19.83 14.13

Profitability Ratios
Gross Profit Margin % 11.97 16.45 8.18
Net Profit Margin % 11.94 5.90 -1.43
Operating Profit Margin % 23.96 15.00 7.58
Return on Capital Employeed 16.25 15.67 13.04

Valuation Ratios
P/E Ratio 0.74 1.00 -4.74
Earnigs Per Share 12.27 109.72 15.69
Book Value 134.29 212.42 198.41
Divident Yield ratio
 Balance Sheet of Akzo Nobel
Mar '09 Mar '10 Mar '05

369.05 542.24 Sources Of Funds

17.79 20.6 Total Share Capital
351.26 521.64 Equity Share Capital
3.75 7.36 Share Application Money
3.64 47.77 Preference Share Capital
358.65 576.77 Reserves
Revaluation Reserves
241.31 391.33 Networth
1.82 2.26 Secured Loans
21.28 24.77 Unsecured Loans
2.33 4.04 Total Debt
9.49 7.91 Total Liabilities
6.21 7.07 Mar '05
0 0
282.44 437.38 12 mths
Mar '09 Mar '10
Application Of Funds
12 mths 12 mths Gross Block
Less: Accum. Depreciation
72.46 132.03 Net Block
76.21 139.39 Capital Work in Progress
26 47.48 Investments
50.21 91.91 Inventories
13.56 22.69 Sundry Debtors
0 0 Cash and Bank Balance
36.65 69.22 Total Current Assets
-2.48 -3.73 Loans and Advances
34.17 65.49 Fixed Deposits
11.88 22.32 Total CA, Loans & Advances
22.28 43.17 Deffered Credit
41.13 46.04 Current Liabilities
0 0 Provisions
2.27 6.81 Total CL & Provisions
0.39 1.16 Net Current Assets
Miscellaneous Expenses
226.92 226.92 Total Assets
9.82 19.02
10 30 Contingent Liabilities
51.15 66.66 Book Value (Rs)

Financial Performance
Mar '09 Mar '10 Mar '06

1.38 1.82 Net Profit Before Tax 96.52

0.68 0.90 Net Cash From Operating Activities 57.33
Net Cash (used in)/from 44.23
 Investing Activities
17.59 19.12 Net Cash (used in)/from Financing Activities -45.53
Net (decrease)/increase In Cash and Cash Equivalents 56.03
Opening Cash & Cash Equivalents 141.80
3.55 4.17 Closing Cash & Cash Equivalents 197.83
21.68 28.78

9.53 10.29
6.34 8.28
20.63 25.31
11.57 12.94

1.02 0.53
77.38 43.25
254.69 268.93
nce Sheet of Akzo Nobel
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

22.69 22.69 22.69 22.69 22.69

22.69 22.69 22.69 22.69 22.69
0 0 0 0 1.71
0 0 0 0 0
65.22 78.53 73.75 93.37 128.58
0 0 0 0 0
87.91 101.22 96.44 116.06 152.98
124.74 171.04 299.08 398.7 431.92
0.97 45.57 1.05 0.45 1.85
125.71 216.61 300.13 399.15 433.77
213.62 317.83 396.57 515.21 586.75
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

236.44 251.81 257.03 499.95 495.35

59.03 66.59 76.04 89.41 111.81
177.41 185.22 180.99 410.54 383.54
1.95 15.61 172.7 0.45 2.84
0 47.63 47.63 47.63 47.63
99.73 97.78 97.29 104.57 171.85
11.92 26.78 20.57 11.83 24.42
3.31 22.71 2.47 2.23 29.69
114.96 147.27 120.33 118.63 225.96
18.64 61.48 54.24 74.33 112.16
0.17 1.5 2.08 14.44 1.85
133.77 210.25 176.65 207.4 339.97
0 0 0 0 0
79.1 123.61 181.25 143.98 164.08
20.39 17.25 0.14 6.83 23.16
99.49 140.86 181.39 150.81 187.24
34.28 69.39 -4.74 56.59 152.73
0 0 0 0 0
213.64 317.85 396.58 515.21 586.74

11.14 134.01 51.68 4.69 7.5

38.74 44.61 42.5 51.15 66.66

al Performance
Mar '07 Mar '08 Mar '09 Mar '10

140.11 109.14 179.22 200.00

-51.97 80.82 2.02 110.80
664.09 103.79 282.91 75.50
-30.93 -264.64 -53.90 -141.70
581.19 -80.03 231.03 44.60
197.83 779.02 698.70 929.70
779.02 698.99 929.73 974.30
 Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of Funds
Total
Share
Capital 22.69 22.69 22.69 22.69 22.69
Equity
Share
Capital 22.69 22.69 22.69 22.69 22.69
Share
Applicatio
n Money 0 0 0 0 1.71
Preferenc
e Share
Capital 0 0 0 0 0
Reserves 65.22 78.53 73.75 93.37 128.58
Revaluati
on
Reserves 0 0 0 0 0
Networth 87.91 101.22 96.44 116.06 152.98
Secured
Loans 124.74 171.04 299.08 398.7 431.92
Unsecure
d Loans 0.97 45.57 1.05 0.45 1.85
Total
Debt 125.71 216.61 300.13 399.15 433.77
Total
Liabilities 213.62 317.83 396.57 515.21 586.75
Mar '06 Mar '07 Mar '08 Mar '09 Mar '10

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of Funds
Gross
Block 236.44 251.81 257.03 499.95 495.35
Less:
Accum.
Depreciati
on 59.03 66.59 76.04 89.41 111.81
Net Block 177.41 185.22 180.99 410.54 383.54
Capital
Work in
Progress 1.95 15.61 172.7 0.45 2.84
Investme
nts 0 47.63 47.63 47.63 47.63
Inventorie
s 99.73 97.78 97.29 104.57 171.85
Sundry
Debtors 11.92 26.78 20.57 11.83 24.42
Cash and
Bank
Balance 3.31 22.71 2.47 2.23 29.69
Total
Current
Assets 114.96 147.27 120.33 118.63 225.96
Loans
and
Advances 18.64 61.48 54.24 74.33 112.16
Fixed
Deposits 0.17 1.5 2.08 14.44 1.85
Total CA,
Loans &
Advances 133.77 210.25 176.65 207.4 339.97
Deffered
Credit 0 0 0 0 0
Current
Liabilities 79.1 123.61 181.25 143.98 164.08

Provisions 20.39 17.25 0.14 6.83 23.16

Total CL
&
Provisions 99.49 140.86 181.39 150.81 187.24
Net
Current
Assets 34.28 69.39 -4.74 56.59 152.73

Miscellan
eous
Expenses 0 0 0 0 0
Total
Assets 213.64 317.85 396.58 515.21 586.74

Contingen
t
Liabilities 11.14 134.01 51.68 4.69 7.5
Book
Value
(Rs) 38.74 44.61 42.5 51.15 66.66
 Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths

Income
Sales Turnover 272.16 404.74 346.91
Excise Duty 16.15 20.95 12.39
Net Sales 256.01 383.79 334.52
Other Income 3.01 -3.7 -6.02
Stock Adjustments 28.13 -1.14 -0.93
Total Income 287.15 378.95 327.57
Expenditure
Raw Materials 188.25 286.38 268.88
Power & Fuel Cost 3.42 2.63 1.7
Employee Cost 15.25 16.16 18.41
Other Manufacturing
Expenses 2.86 3.38 2.54
Selling and Admin
Expenses 9.21 12.3 12.11
Miscellaneous
Expenses 3.82 4.25 4.58
Preoperative Exp
Capitalised 0 0 0
Total Expenses 222.81 325.1 308.22
Mar '06 Mar '07 Mar '08

12 mths 12 mths 12 mths

Operating Profit 61.33 57.55 25.37

PBDIT 64.34 53.85 19.35
Interest 10.4 16.63 14.13
PBDT 53.94 37.22 5.22
Depreciation 9.33 10.31 10.56
Other Written Off 0 0 0
Profit Before Tax 44.61 26.91 -5.34
Extra-ordinary items 0.5 -0.02 -0.62
PBT (Post Extra-ord
Items) 45.11 26.89 -5.96
Tax 14.56 4.27 -1.19
Reported Net Profit 30.58 22.66 -4.78
Total Value Addition 34.55 38.73 39.34
Preference Dividend 0 0 0
Equity Dividend 11.35 7.94 0
Corporate Dividend
Tax 1.59 1.35 0

Per share data (annualised)

Shares in issue (lakhs) 226.92 226.92 226.92

Earning Per Share
(Rs) 13.48 9.99 -2.11
Equity Dividend (%) 50 35 0
Book Value (Rs) 38.74 44.61 42.5
Mar '09 Mar '10

12 mths 12 mths

369.05 542.24
17.79 20.6
351.26 521.64
3.75 7.36
3.64 47.77
358.65 576.77

241.31 391.33
1.82 2.26
21.28 24.77

2.33 4.04

9.49 7.91

6.21 7.07

0 0
282.44 437.38
Mar '09 Mar '10

12 mths 12 mths

72.46 132.03
76.21 139.39
26 47.48
50.21 91.91
13.56 22.69
0 0
36.65 69.22
-2.48 -3.73

34.17 65.49
11.88 22.32
22.28 43.17
41.13 46.04
0 0
2.27 6.81

0.39 1.16

226.92 226.92
 9.82 19.02
10 30
51.15 66.66
FUTURE OUTLOOK

Sugarcane crushing for 2009-10 season is expected to be lower than the

crushing season of 2008-09 due to decrease in plantation of sugarcane
in the command area. The prevailing drought and the remunerative prices
offered for competitive crops like paddy and others has resulted in
lower cane planting in our command area.

As a measure to bridge the gap in sugar production, your company is

utilizing the opportunity of processing raw sugar in our . plants. To
achieve this objective, your company has so far imported about 58,000
tons of raw sugar for processing at our sugar plants in Tamilnadu.

Your company is proposing to set up a green field distillery with an

installed capacity of 80 KL per day as part of its 3500 TCD integrated
sugar complex at Semmedu village, Gingee Taluk, Villupuram District in
Tamil Nadu.

Your company is also proposing to set up a co-generation power plant

with an installed capacity of 22 MW as part of its 2500 TCD sugar
factory at Varadarajnagar, Theni District by replacing the existing 12
MW cogeneration plant which would enable your company to export more
power to the state grid.

Your company is establishing a full fledged Research & Development and

Agricultural Extension wing, in support of the operations wing. This
will facilitate the growers to get the full benefit of improved
agricultural practices and introduction of modern crop and irrigation
technology to improve field productivity.

The shortage of cane supplies coupled with increase in sugar prices has
resulted in the industry being compelled to increase cane prices
significantly. Your company has also increased cane prices and ensured
prompt and timely payment to farmers. This should lead to
significantly higher cane planting.