2007-2008 - Cgglobal.com

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Financial Highlights FINANCIALS IN RUPEES CG STANDALONE CGIBV CONSOLIDATED*@ CG CONSOLIDATED** PARTICULARS IN RS MILLION 31.3.2008 31.3.2007 31.3.2008 31.3.2007 31.3.2008 31.3.2007 (A) GROSS SALES 42226.0 36599.8 30061.5 23321.9 71813.8 59340.4 (B) LESS: EXCISE DUTY 3468.4 2923.7 0 0 3490.4 2944.8 38757.6 33676.1 30061.5 23321.9 68323.4 56395.6 (C) LESS: OPERATING EXPENSES 33919.7 30257.8 27810.5 21946.5 60884.5 51567.4 (D) OPERATING PROFIT 4837.9 3418.3 2251.0 1375.4 7438.9 4828.2 (E) ADD: DIVIDEND AND OTHER INCOME 696.3 348.8 224.8 671.5 677.0 1051.4 (F) PROFIT BEFORE INTEREST, DEPRECIATION, 5534.2 3767.1 2475.8 2046.9 8115.9 5879.6 AMORTISATION AND TAXES (G) LESS: INTEREST 271.1 303.5 379.8 263.4 700.9 565.8 (H) PROFIT BEFORE DEPRECIATION, AMORTISATION AND TAXES 5263.1 3463.6 2096.0 1783.5 7415.0 5313.8 (I) LESS: DEPRECIATION, AMORTISATION AND IMPAIRMENT 406.6 393.6 820.9 554.4 1262.6 954.2 (J) PROFIT BEFORE TAX 4856.5 3070.0 1275.1 1229.1 6152.4 4359.6 (K) LESS: PROVISION FOR CURRENT YEAR TAX 1520.6 840.0 434.3 259.4 1970.4 1113.4 (L) LESS: PROVISION FOR DEFERRED TAX 146.7 264.8 (111.5) 74.8 33.5 339.5 (M) LESS: PROVISION FOR FRINGE BENEFIT TAX 50.0 41.5 0 0 50.3 41.7 (N) PROFIT AFTER TAX 3139.2 1923.7 952.3 894.9 4098.2 2865.0 (O) MINORITY INTEREST 0 0 (51.4) (43.8) (48.1) (47.1) (P) SHARE OF PROFIT/(LOSS) OF ASSOCIATE COMPANIES 0 0 0.8 (1.0) 17.1 (0.5) (Q) PROFIT AFTER TAX, MINORITY INTEREST AND SHARE OF 3139.2 1923.7 901.7 850.1 4067.2 2817.4 PROFIT/(LOSS) OF ASSOCIATE COMPANIES (R) BALANCE BROUGHT FORWARD FROM PREVIOUS YEARS 3097.6 1814.1 0 0 0 0 (S) TRANSFERRED FROM ASSOCIATE COMPANIES 0 0 0 0 0 0 (T) TRANSFER (TO)/FROM DOUBTFUL DEBTS RESERVE 161.4 89.6 0 0 161.4 90.9 (U) TRANSFER FROM INVESTMENT GRANTS 0 0 1.4 16.4 0 0 APPROPRIATION/DISTRIBUTION (V) TRANSFER TO GENERAL RESERVE (313.9) (192.4) 0 0 0 0 (W) DIVIDEND (586.5) (471.3) 0 0 (586.5) (471.3) (X) CORPORATE TAX ON DIVIDEND (99.7) (66.1) 0 0 (99.7) (67.2) BALANCE CARRIED TO BALANCE SHEET 5398.1 3097.6 903.1 866.5 3542.4 2369.8 NOTE *Consolidated Accounts of CG International BV, the holding company for the Pauwels, Ganz & Microsol Acquisitions. ** Includes results of Pauwels, Ganz, Microsol, Indian Subsidiaries and Associates. @ Figures have been regrouped for the purposes of consolidation. The profit before interest and tax of the respective Business Groups, compared with last year is given below: SBU IN RS MILLION 2007-2008 2006-2007 POWER SYSTEMS (CG STANDALONE) 2576.91 1834.90 INDUSTRIAL SYSTEMS (CG STANDALONE) 1946.02 1303.75 CONSUMER PRODUCTS 1208.06 954.58 POWER SYSTEMS (INCLUDING PAUWELS, GANZ AND MICROSOL) 4371.88 3272.00 INDUSTRIAL SYSTEMS (INCLUDING GANZ ROTATING MACHINES BUSINESS) 1956.29 1302.40 A detailed review of the operations and performance of each Business Group as well as Pauwels, Ganz and Microsol is contained in the Management Discussion and Analysis Report, which is given as a separate chapter in the Annual Report. Dividend The Company declared three interim dividends during the year: $ Rs. 0.40 per equity share (20%) aggregating to a total dividend payout of Rs.171.55 million (including dividend tax) declared on 30 October 34 ANNUAL REPORT 2007–2008 CROMPTON GREAVES LIMITED
FINANCIALS IN EUROS CG STANDALONE CGIBV CONSOLIDATED*@ CG CONSOLIDATED** PARTICULARS IN EURO MILLION 31.3.2008 31.3.2007 31.3.2008 31.3.2007 31.3.2008 31.3.2007 (A) GROSS SALES 665.6 632.4 473.9 403.0 1132.0 1025.4 (B) LESS: EXCISE DUTY 54.6 50.5 0 0 55.0 50.9 611.0 581.9 473.9 403.0 1077.0 974.5 (C) LESS: OPERATING EXPENSES 534.7 522.8 438.4 379.2 959.8 891.1 (D) OPERATING PROFIT 76.3 59.1 35.5 23.8 117.2 83.4 (E) ADD: DIVIDEND AND OTHER INCOME 11.0 6.0 3.5 11.6 10.7 18.2 (F) PROFIT BEFORE INTEREST, DEPRECIATION, 87.3 65.1 39.0 35.4 127.9 101.6 AMORTISATION AND TAXES (G) LESS: INTEREST 4.3 5.2 6.0 4.6 11.0 9.8 (H) PROFIT BEFORE DEPRECIATION, AMORTISATION AND TAXES 83.0 59.9 33.0 30.8 116.9 91.8 (I) LESS: DEPRECIATION, AMORTISATION AND IMPAIRMENT 6.4 6.9 12.9 9.6 19.9 16.5 (J) PROFIT BEFORE TAX 76.6 53.0 20.1 21.2 97.0 75.3 (K) LESS: PROVISION FOR CURRENT YEAR TAX 24.0 14.5 6.8 4.5 31.1 19.2 (L) LESS: PROVISION FOR DEFERRED TAX 2.3 4.6 (1.8) 1.3 0.5 5.9 (M) LESS: PROVISION FOR FRINGE BENEFIT TAX 0.8 0.7 0 0 0.8 0.7 (N) PROFIT AFTER TAX 49.5 33.2 15.1 15.4 64.6 49.5 (O) MINORITY INTEREST 0 0 (0.8) (0.8) (0.8) (0.8) (P) SHARE OF PROFIT/(LOSS) OF ASSOCIATE COMPANIES 0 0 0 0 0.3 0 (Q) PROFIT AFTER TAX, MINORITY INTEREST AND SHARE OF 49.5 33.2 14.3 14.6 64.1 48.7 PROFIT/(LOSS) OF ASSOCIATE COMPANIES (R) BALANCE BROUGHT FORWARD FROM PREVIOUS YEARS 48.8 31.3 0 0 0 0 (S) TRANSFERRED FROM ASSOCIATE COMPANIES 0 0 0 0 0 0 (T) TRANSFER (TO)/FROM DOUBTFUL DEBTS RESERVE 2.6 1.5 0 0 2.5 1.6 (U) TRANSFER FROM INVESTMENT GRANTS 0 0 0 0.3 0 0 APPROPRIATION/DISTRIBUTION (V) TRANSFER TO GENERAL RESERVE (5.0) (3.3) 0 0 0 0 (W) DIVIDEND (9.2) (8.1) 0 0 (9.2) (8.1) (X) CORPORATE TAX ON DIVIDEND (1.6) (1.1) 0 0 (1.6) (1.2) BALANCE CARRIED TO BALANCE SHEET 85.1 53.5 14.3 14.9 55.8 41.0 NOTE *Consolidated Accounts of CG International BV, the holding company for the Pauwels, Ganz & Microsol Acquisitions. ** Includes results of Pauwels, Ganz, Microsol, Indian Subsidiaries and Associates. @ Figures have been regrouped for the purposes of consolidation. 2007; the Record Date for this purpose was 5 November 2007 and the Interim Dividend was paid on 16 November 2007. $ Rs.0.80 per equity share (40%) aggregating to a total dividend payout of Rs.343.09 million (including dividend tax) declared on 30 January 2008; the Record Date for this purpose was 5 February 2008 and the Interim Dividend was paid on 15 February 2008. $ Rs.0.40 per equity share (20%) aggregating to a total dividend payout of Rs.171.55 million (including dividend tax) declared on 28 March 2008; the Record Date for this purpose was 4 April 2008 and the Interim Dividend was paid on 17 April 2008. The abovementioned dividend payout as a percentage of the share capital works out to 80%. Reserves The Reserves at the beginning of the year were Rs.6009.80 million. The Reserves at the end of the year are Rs. 8574.30 million. Directorate Mr G Thapar and Mr S Talwar are the Directors who retire by rotation at the forthcoming Annual General Meeting, and being eligible, offer themselves for re-appointment to the Board. Mr SM Trehan’s term as Managing Director would have concluded on 2 May 2009. In consideration of his contributions to the Company’s operational and financial progress; the successful acquisitions, the integration of the acquired companies and the strides that the Company has made under his leadership, A CORE FOR A POWER TRANSFORMER RECEIVES ITS FIRST PRE-ASSEMBLED COIL DIRECTORS’ REPORT 35
Page 1 and 2: CROMPTON GREAVES LIMITED ANNUAL REP
Page 3 and 4: RETURNS PERCENT 23 PERCENT 25.90 RO
Page 5 and 6: $ Return on net worth (RONW) rose b
Page 7 and 8: CORPORATE INFORMATION Board of Dire
Page 9 and 10: Power Systems CONSOLIDATED PERFORMA
Page 11 and 12: CG Power’s Indian operations show
Page 13 and 14: Szolnok facility becomes a strategi
Page 15 and 16: Industrial Systems The Company’s
Page 17 and 18: CHART F Gross Sales of Consumer Pro
Page 19 and 20: egular programmes at the units as w
Page 21 and 22: During 2007-08, Crompton Greaves re
Page 23 and 24: Research and Development (R&D) R&D
Page 25 and 26: Financial Performance We first high
Page 27 and 28: CONSOLIDATED PERFORMANCE The consol
Page 29 and 30: Risk Identification and Mitigation
Page 31 and 32: 1999 2000 2001 2002 2003 2004 2005
Page 33: progressively spreading their wings
Page 37 and 38: Global R&D’s high levels of profe
Page 39 and 40: Conservation of Energy, Technology
Page 41 and 42: Annexure to Directors’ Report Und
Page 43 and 44: $ Design and development of virtual
Page 45 and 46: Board of Directors COMPOSITION As o
Page 47 and 48: TABLE 04 AUDIT COMMITTEE MEETINGS,
Page 49 and 50: Shareholders DISCLOSURE REGARDING A
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Page 53 and 54: Registrar and Agents FOR SHARES The
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Page 59 and 60: AUDITORS’ REPORT TO THE SHAREHOLD
Page 61 and 62: CROMPTON GREAVES STANDALONE FINANCI
Page 63 and 64: ANNEXURE TO THE AUDITORS’ REPORT
Page 65 and 66: BALANCE SHEETAS AT 31ST MARCH, 2008
Page 67 and 68: CASH FLOW STATEMENTFOR THE YEAR END
Page 69 and 70: SCHEDULES FORMING PART OF ACCOUNTS
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SCHEDULES FORMING PART OF ACCOUNTS
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STATEMENT UNDER SECTION 212 OF THE
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STATEMENT UNDER SECTION 212 OF THE
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INFORMATION IN RESPECT OF SUBSIDIAR
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CROMPTON GREAVES CONSOLIDATED FINAN
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CONSOLIDATED BALANCE SHEET AS AT 31
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CONSOLIDATED CASH FLOW STATEMENTFOR
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SCHEDULES FORMING PART OF CONSOLIDA
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STANDALONE BALANCE SHEET AS AT 31ST
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STANDALONE BALANCE SHEET AS AT 31ST
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PRODUCTS & SERVICES 140 ANNUAL REPO
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HT Motors: GANZ HT Slip Ring Motor
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ESTABLISHMENTS REGISTERED OFFICE CG
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WESTERN REGION Regional Head Office
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HOLDING PAUWELS INTERNATIONAL N.V.
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2007-2008 - Cgglobal.com

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