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As at 30th Sept., 2008 (Rupees in Million) As at 30th Sept., 2007 (Rupees in Million) SCHEDULE 6 : INVESTMENTS LONG TERM INVESTMENTS IN GOVERNMENT & TRUST SECURITIES - 0.41 QUOTED 1. IN EQUITY SHARES (Fully Paid up) - TRADE 57.37 78.36 2. IN EQUITY SHARES (Fully Paid up) - OTHERS 1,640.64 1,773.79 3. IN MUTUAL FUNDS UNITS 10.00 10.00 UNQUOTED 1. IN EQUITY SHARES (Fully Paid up)-TRADE * 635.72 404.43 2. IN EQUITY SHARES (Fully Paid up)-OTHERS 369.28 176.95 3. IN JOINT VENTURES 0.05 - 4. IN PREFERENCE SHARES (Fully Paid up) 0.38 0.38 5. IN DEBENTURES 50.00 60.00 6. OTHER INVESTMENTS 0.52 0.52 SHARE APPLICATION MONEY PENDING 15,106.63 3,301.18 ALLOTMENT APPLICATION MONEY (UNITS) - 100.00 CURRENT INVESTMENTS UNQUOTED 1. IN BONDS 50.00 - 2. IN UNITS OF MUTUAL FUNDS/PORTFOLIOS 6,607.83 619.11 TOTAL INVESTMENTS 24,528.42 6,525.13 Aggregate Book Value of Quoted Investments 1,708.01 1,862.56 Aggregate Market Value of Quoted Investments 2,147.17 2,303.83 Aggregate Book Value of Unquoted Investments / 22,820.41 4,662.57 Application Money * Out of total investments, 1,156,000 equity shares amounting to Rs.18.27 million of KAIL Ltd. and 17,023,500 equity shares of Applicomp (India) Ltd. amounting to Rs.170.24 million are pledged with Banks as security for availment of loans. SCHEDULE 7 - CURRENT ASSETS, LOANS AND ADVANCES A. Inventories (As taken, valued and certified by the Management) Raw Materials including Consumables, Stores 10,201.57 12,830.07 & Spares Work in Process 765.07 1,769.55 Finished Goods 3,526.21 4,908.78 Material in Transit and in Bonded warehouse 1,353.02 1,559.47 Drilling and Production Materials 164.71 206.29 Crude Oil 37.66 88.43 (A) 16,048.24 21,362.59 B. Sundry Debtors (Unsecured) Outstanding for a period exceeding six months Considered Good 165.34 806.00 Considered Doubtful 449.95 865.27 615.29 1,671.27 Less : Provision for doubtful debts 449.95 846.88 165.34 824.39 Others - Considered Good 17,519.92 25,270.98 (B) 17,685.26 26,095.37 As at 30th Sept., 2008 (Rupees in Million) As at 30th Sept., 2007 (Rupees in Million) C. Cash and Bank Balances Cash on hand 13.16 16.14 Cheque/Drafts on hand /in Transit 423.94 466.55 Balances with Banks In Current Accounts 1,809.52 3,415.67 In Fixed Deposits 4,387.08 13,334.22 Margin Money - 3.60 In Earmarked Accounts 9,535.99 1,937.88 (Refer Note No. B (ii) in Schedule 3) In Dividend/Interest Warrant Account (Per Contra) 35.71 38.10 (C) 16,205.40 19,212.16 D. Other Current Assets Interest Accrued 117.44 59.67 Insurance Claim Receivable 57.94 36.08 Other Receivable 65.35 131.31 (D) 240.73 227.06 E. Loans and Advances (Unsecured, considered good) Advances recoverable in Cash or in kind or for 41,460.29 21,434.06 value to be received Balance with Central Excise / Customs 643.14 150.50 Department Advance Fringe Benefit Tax ( Net of Provision) 0.19 0.03 Other Deposits 462.36 299.07 (E) 42,565.98 21,883.66 TOTAL (A TO E) 92,745.61 88,780.84 SCHEDULE 8 - CURRENT LIABILITIES AND PROVISIONS A. Current Liabilities Sundry Creditors * Due to Micro, Small and Medium Enterprises 9.55 - Due to others 5,618.42 15,858.23 Advance from Customers - 100.51 Bank Overdraft as per books 180.56 1,177.63 Income Received in Advance - 1.64 Interest Accrued but not due 448.93 464.70 Other Liabilities 5,205.17 4,754.54 Unclaimed Dividend/Interest (Per Contra) 35.71 38.10 (A) *Including Acceptance of Rs. 3,190.57 million (Previous year Rs. 4,077.12 million) 11,498.34 22,395.35 B. Provisions Provision for Income Tax (Net of Advance Tax) 975.20 479.12 Proposed Dividend - Equity 229.45 803.02 Proposed Dividend - Preference 36.81 36.81 Provision for Corporate Tax on Proposed Dividend 45.25 142.73 Provision for Warranty and Maintenance Expenses 401.11 405.49 Provision for Leave Encashment 31.75 118.93 Provision for Retirement Benefits 58.73 1,061.08 Provision for Restructuring cost - 79.89 Provision for Contingencies / other provisions - 72.45 Provision for Exchange Rate Fluctuation - 1,023.91 (B) 1,778.30 4,223.43 TOTAL (A+B) 13,276.64 26,618.78 48
SCHEDULES TO PROFIT AND LOSS ACCOUNT Year ended on 30th Sept., 2008 (Rupees in Million) Year ended on 30th Sept., 2007 (Rupees in Million) SCHEDULE 9 : OTHER INCOME Service Charges Received 24.39 101.55 Interest Income (TDS Rs.133.02 million, Previous year 900.18 551.24 Rs.44.43 million) Income From Investments & Securities Division (523.51) 205.76 (TDS Rs.70.03 million, Previous year Rs.43.24 million) Insurance Claim Received 26.13 64.93 Exchange Rate Fluctuation - 1,054.83 Profit on Sale of Fixed Assets 146.36 1,294.54 Miscellaneous Income (TDS Rs 0.01 million, 379.24 1,615.00 Previous year Rs.0.02 million) TOTAL 952.79 4,887.85 Year ended on 30th Sept., 2008 (Rupees in Million) Year ended on 30th Sept., 2007 (Rupees in Million) SCHEDULE 10 : COST OF GOODS CONSUMED/SOLD A. Material and Components Consumed Opening Stock 12,830.07 9,558.40 Add : Purchases 69,111.35 79,313.10 Less: Adjustment on account of disposal/cessation of Subsidiaries 8,587.32 - 73,354.10 10,201.57 88,871.50 12,830.07 Less: Closing Stock (A) 63,152.53 76,041.43 B. (Increase)/Decrease in Stock Closing Stock : Finished Goods 3,563.87 4,997.21 Work in Process 765.07 1,769.55 4,328.94 6,766.76 Opening Stock : Finished Goods 4,997.21 6,302.96 Work in Process 1,769.55 1,487.45 6,766.76 7,790.41 (B) 2,437.82 1,023.65 TOTAL (A+B) 65,590.35 77,065.08 Year ended on 30th Sept., 2008 (Rupees in Million) Year ended on 30th Sept., 2007 (Rupees in Million) SCHEDULE 11 : PRODUCTION AND EXPLORATION EXPENSES - OIL AND GAS Production Expenses 401.53 358.41 Royalty 362.64 384.83 Cess 499.54 566.53 Production Bonus 95.80 107.80 Government Share in Profit - Petroleum 10,264.76 6,763.18 Abandonment Costs - 47.64 Exploration Expenses 969.71 507.41 Insurance Expenses 44.01 22.05 SCHEDULE 12 : SALARY, WAGES AND EMPLOYEES’ BENEFITS Year ended on 30th Sept., 2008 (Rupees in Million) Year ended on 30th Sept., 2007 (Rupees in Million) Salary, Wages and Other Benefits 3,518.29 5,224.39 Contribution to Provident and other Funds 537.50 1,074.14 Staff Welfare 123.80 267.73 TOTAL 4,179.59 6,566.26 Year ended on 30th Sept., 2008 (Rupees in Million) Year ended on 30th Sept., 2007 (Rupees in Million) SCHEDULE 13 : MANUFACTURING AND OTHER EXPENSES Rent,Rates and Taxes 473.64 891.04 Power, Fuel & Water 1,598.22 2,918.86 Repairs to Building 31.88 38.41 Repairs to Plant & Machinery 85.13 95.68 Repairs & Maintenance-others 171.53 397.81 Bank Charges 349.53 379.33 Directors’ Sitting Fees 1.32 1.22 Royalty 90.41 108.96 Printing & Stationery 25.10 22.47 Freight & Forwarding 1,405.56 1,988.66 Advertisement & Publicity 1,101.64 974.20 Sales Promotion expenses 233.00 330.37 Discount & Incentive Schemes 2,173.29 2,346.57 Legal & Professional Charges 406.94 479.18 Donation 91.91 71.86 Insurance Expenses 234.02 463.02 Auditiors’ Remuneration 24.59 49.81 Provision for doubtful debts 71.00 56.23 Warranty and Maintenance Expenses 608.76 585.23 Miscellaneous Expenditure written off 0.03 0.05 Product Development 14.23 0.59 Exchange Rate Fluctuation 1,080.04 - Miscellaneous Expenses 1,196.94 1,637.14 TOTAL 11,468.71 13,836.69 Year ended on 30th Sept., 2008 (Rupees in Million) Year ended on 30th Sept., 2007 (Rupees in Million) SCHEDULE 14 : INTEREST AND FINANCE CHARGES On Fixed Period Borrowings 4,474.06 3,723.30 On Others 851.98 842.07 TOTAL 5,326.04 4,565.37 TOTAL 12,637.99 8,757.85 49
Page 1 and 2: VIDEOCON INDUSTRIES LIMITED Annual
Page 3 and 4: NOTICE is hereby given that the Twe
Page 5 and 6: Dear Shareholders, The Board of Dir
Page 7 and 8: market. As result, TN 32” TV desi
Page 9 and 10: ANNEXURE TO DIRECTORS REPORT STATEM
Page 11 and 12: + Includes meeting(s) participated
Page 13 and 14: GENERAL BODY MEETING(S) 1. Location
Page 15 and 16: ) Distribution of Shareholding as o
Page 17 and 18: Glass shells Glass Shells (glass pa
Page 19 and 20: Nature of the Statute Nature of the
Page 21 and 22: Particulars PROFIT AND LOSS ACCOUNT
Page 23 and 24: As at 30th Sept., 2008 (Rupees in M
Page 25 and 26: SCHEDULE 6 : INVESTMENTS As at 30th
Page 27 and 28: SCHEDULE 6 : INVESTMENTS (Continued
Page 33 and 34: Year ended on 30th Sept., 2008 (Rup
Page 35 and 36: Arbitration Award at US$ 27.02 mill
Page 37 and 38: 30th September, 2008 Funded Gratuit
Page 39 and 40: 30th Sept., 2008 30th Sept., 2007 U
Page 41 and 42: STATEMENT PURSUANT TO SECTION 212 O
Page 43 and 44: Statement pursuant to exemption rec
Page 45 and 46: Particulars CONSOLIDATED BALANCE SH
Page 47 and 48: CONSOLIDATED CASH FLOW STATEMENT FO
Page 49: hypothecation of all the movables,
Page 53 and 54: Name of the Associate VB (Brazil) P
Page 55 and 56: application on July 7th, 2005 and a
Page 57 and 58: ii) Key Management Personnel - Mr.
Page 59 and 60: PROXY FORM VIDEOCON INDUSTRIES LIMI

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