Year : 2010-11 - CCL

ANNUAL REPORT 2010-11 ________________________________________________________
21. FINANCIAL PERFORMANCE
The financial results of your Company
during 2010-11 as compared to 2009-10 are as
under:
( in Cr.)
Sl. No. Particulars 2010-11 2009-10
(i) Gross profit before Depreciation and Interest 2084.26 1751.40
(ii) Depreciation 205.01 202.02
(iii) Interest 8.96 17.39
(iv) Net profit before prior period adjustment 1870.29 1531.99
(v) Adjustment pertaining to Prior period (Cr.) 10.08 –1.06
(vi) Net profit after prior period adjustment 1860.21 1533.05
(vii) Provision for Income Tax 601.49 506.59
(viii) Income tax for earlier year –2.23 2.95
(ix) Provision for Deferred Tax (Cr) 14.12 57.72
(x) Net Profit after Tax 1246.83 965.79
The Board of Directors of your Company
has recommended a dividend of 795.85
(Previous Year 410.98 ) per Equity Share on
94,00,000 Equity Shares of 1000/- each
amounting to 748.10 Cr. (Previous Year
386.32 Cr.).
22. CAPITAL EXPENDITURE
The capital expenditure during the year
2010-11 has been 200.76 Cr. compared to
321.31 Cr. in the previous year. The headwise
details of capital expenditure during the year
2010-11 vis-á-vis 2009-10 are detailed below:
( in Cr.)
Sl.No. Heads of expenditure 2010-11 2009-10
(i) Land 4.81 50.52
(ii) Building 1.52 0.75
(iii) Plant & Machinery 112.09 197.80
(iv) Furniture & Fittings 1.55 6.49
(v) Railway Siding 0.00 0.00
(vi) Vehicles 1.74 0.68
(vii) Prospecting & Boring 0.00 0.00
(viii) Other Developments 4.84 8.38
(ix) Capital work in progress 74.21 56.69
TOTAL 200.76 321.31
23. CONTRIBUTION TO EXCHEQUER
The contribution to the State/Central
Exchequer during the year 2010-11 vis-à-vis
2009-10 is detailed below :
28
( in Cr.)
Sl. No. Particulars 2010-11 2009-10
(i) Royalty on Coal 613.28 583.36
(ii) Sales Tax /VAT 180.89 197.62
(iii) Stowing Excise Duty 45.56 39.84
(iv) Income Tax 627.08 600.79
(v) Dividend Tax 64.16 33.30
(vi) Service Tax 3.08 10.98
(vii) Clean Energy Cess 163.36 0.00
(viii) Central Excise on Coal 6.42 0.00
TOTAL 1703.83 1465.89
24. CAPITAL STRUCTURE
During the year under report, the Authorised
Share Capital and the Paid-up Share Capital of
your Company remained unchanged viz.
1100.00 Cr. and 940.00 Cr. respectively. The
net worth of the Company as on 31 March 2011
is 3038.01Crore compared to 2660.64 Cr. as
on 31 March 2010.
25. LOAN
During the year, your Company has repaid
installments of IBRD and JBIC loan to the tune of
5.35 Cr. and 8.13 Cr. respectively. Moreover,
outstanding loan amount has decreased by 6.35
Cr. due to unfavourable foreign exchange rate
fluctuation. Thus the total outstanding loan amount
has decreased to 104.92 Cr. at the year-end
against previous year's outstanding balance of
112.05 Cr.
26. STATUS OF PROJECT
IMPLEMENTATION
Till 31.3.2011 a total number of 63 mining
projects including three Advance Action Proposals
with ultimate capacity of 139.86 MTY and 26 Nonmining
projects each costing 2.00 Cr and
above, were sanctioned by different competent
authorities. Out of these projects, 50 Projects (30
mining & 20 non-mining) have already been