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Crompton Greaves Ltd.<br />
Balance Sheet<br />
as at 31st March, <strong>2004</strong><br />
As at<br />
As at<br />
Schedule 31-03-<strong>2004</strong> 31-03-<strong>2003</strong><br />
Rs. Crores Rs. Crores Rs. Crores<br />
SOURCES OF FUNDS<br />
Shareholders’ Funds<br />
Capital 1 52.37 52.37<br />
Reserves and Surplus 2 288.11 389.65<br />
340.48 442.02<br />
Loan Funds<br />
Secured Loans 3 253.73 315.56<br />
Unsecured Loans 4 79.92 143.66<br />
333.65 459.22<br />
Deferred Tax Liability 5 10.27 0.00<br />
684.40 901.24<br />
APPLICATION OF FUNDS<br />
Fixed Assets<br />
Gross Block 6 790.35 785.02<br />
Less : Depreciation 432.76 398.03<br />
Net Block 357.59 386.99<br />
Capital Work-in-Progress 10.87 6.94<br />
368.46 393.93<br />
Investments 7 69.93 73.96<br />
Deferred Tax Asset 5 0.00 81.12<br />
Current Assets, Loans & Advances<br />
Inventories 8 174.26 193.15<br />
Sundry Debtors 9 526.85 475.06<br />
Cash and Bank Balances 10 76.15 54.74<br />
Loans and Advances 11 117.00 133.48<br />
894.26 856.43<br />
Less: Current Liabilities & Provisions<br />
Liabilities 12 610.39 557.35<br />
Provisions 13 37.86 16.56<br />
648.25 573.91<br />
Net Current Assets 246.01 282.52<br />
Miscellaneous Expenditure 14 0.00 69.71<br />
(to the extent not written off or adjusted)<br />
684.40 901.24<br />
Significant Accounting Policies<br />
[A]<br />
Notes on Accounts<br />
[B]<br />
The Schedules referred to above and the notes<br />
attached, form an integral part of the Accounts<br />
Mumbai, 26th May, <strong>2004</strong> Mumbai, 26th May, <strong>2004</strong><br />
As per our report attached.<br />
SHARP & TANNAN B. R. Jaju S. M. Trehan<br />
Chartered Accountants Chief Financial Officer Managing Director<br />
58<br />
L. Vaidyanathan W. Henriques K. K. Nohria<br />
Partner Secretary Chairman<br />
Membership no 16368
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