APR Constructions Limited - Saffron Capital
APR Constructions Limited - Saffron Capital
APR Constructions Limited - Saffron Capital
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Other Income<br />
Other income as a percentage of total income stood at 2.17% in FY 2009 as compared to 2.89% in FY 2008. The<br />
reduction in other income has been mainly due to reduction in sub-contract commission.<br />
Work Expenditure<br />
Work Expenditure has been increased by 0.02% from `17410.65 lakhs in fiscal year 2008 to ` 17413.48 lakhs in<br />
fiscal year 2009. The increase in Work Expenditure is very marginal as compared to the increase inthe Contract<br />
Revenue. Work expenditure constitutes 91.38% of our Contract Revenue in FY 2009 which is however less than the<br />
previous fiscal .<br />
Staff Cost<br />
Staff Cost have increased from `139.30 lakhs in the fiscal year 2008 to ` 224.35 lakhs in the fiscal year 2009,<br />
showing an increase of 61.06%. The increase was primarily due to increase in number of employees and increase in<br />
their salaries and wages. The staff cost was 1.07% of total revenue and 1.15% of total expenditure<br />
Administrative Expenditure<br />
The administrative expenditure increased from ` 159.91 lakhs in the fiscal year 2008 to ` 178.80 lakhs during the<br />
fiscal year 2009 showing an increase of 11.82% mainly on account of increase in rent and maintenance expenses.<br />
Interest & Finance Charges<br />
Interest & Finance Charges increased from `450.16 lakhs for the fiscal year 2008 to ` 1143.37 lakhs for the fiscal year<br />
2009 showing an increase of 153.99 %. The increase in Interest & Finance Charges is mainly due to increase in<br />
secured loans from ` 5765 lakhs in Fiscal 2008 to ` 11514 lakhs in the current fiscal.<br />
Depreciation<br />
The depreciation has increased from `282.21 lakhs for the fiscal year 2008 to ` 469.42 lakhs for the fiscal year 2009<br />
showing an increase of 66.34%. This increase can be attributed to increase in gross assets from `3707 lakhs in 2008 to<br />
` 6269 lakhs in the current fiscal.<br />
Net Profit after tax<br />
As a result of foregoing, the net profit after tax of our company has increased marginally by 2.95% from ` 1025.47<br />
lakhs for the fiscal year 2008 to ` 1055.78 lakhs for the fiscal the year 2009.<br />
Comparison of Fiscal Year 2008 with 2007<br />
Contract Revenue<br />
Contract Revenue has increased by 38.10% from ` 13108.77 lakhs in fiscal year 2007 to ` 18103.53 lakhs in fiscal<br />
year 2008. The increase in Contract Revenue has been due to increased number of projects executed by our company.<br />
Other Income<br />
Other income as a percentage of total income stood at 2.89% in FY 2008 as compared to 5.84% in FY 2007.<br />
Work Expenditure<br />
Work expenditure has been increased by 43.90% from ` 12099.45 lakhs in fiscal year 2007 to ` 17410.65 lakhs in<br />
fiscal year 2008. The increase in Work Expenditure at 96.17% of contract revenue rose sharply as compared to<br />
92.30% of contract revenue in fiscal 2007<br />
Staff Cost<br />
Staff Cost increased from ` 62.60 lakhs in the fiscal year 2007 to ` 139.30 lakhs in the fiscal year 2008, showing an<br />
increase of 122.52%. The increase was primarily due to increase in number of employees and increase in their salaries<br />
and wages.<br />
Administrative Expenditure<br />
The administrative expenditure increased very marginally from ` 159.94 lakhs in the fiscal year 2007 to ` 159.91<br />
lakhs during the fiscal year 2008.<br />
176
Change language