Annual Report 2007 - Clariant

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42 Clariant Chemicals (India) LimitedBalance Sheetas at 31st December 2007Schedule31-12-07Rs. Million31-12-06Rs. MillionSOURCES OF FUNDSShareholders’ fundsShare capital 1 266.6 266.6Reserves and surplus 2 2827.6 2835.83094.2 3102.4Loan fundsSecured loans 3 — 14.2Unsecured loans 4 40.7 47.940.7 62.1Deferred tax liability - Net (See note 5, Schedule 18) 43.3 98.23178.2 3262.7APPLICATION OF FUNDSFixed assets 5Gross block 3641.3 3751.6Less: Accumulated depreciation 2100.5 2179.9Net block 1540.8 1571.7Capital work-in-progress and advances, etc. 178.3 80.11719.1 1651.8Investments 6 294.3 465.0Current assets, loans and advancesInventories 7 1127.1 1281.8Sundry debtors 8 1351.5 1373.6Cash and bank balances 9 132.0 396.3Loans and advances 10 712.5 677.43323.1 3729.1Less:Current liabilities and provisionsLiabilities 11 1659.8 1861.2Provisions 12 498.5 739.72158.3 2600.9Net current assets 1164.8 1128.2Miscellaneous expenditure-Voluntary Retirement Scheme— 17.7(To the extent not written off or adjusted)3178.2 3262.7Notes on balance sheet and profit and loss account 18Per our report attachedFor and on behalf of the Board,For A. F. Ferguson & Co. R. A. Shah ChairmanChartered AccountantsH. Meier Vice-Chairman & Managing DirectorA. C. Khanna B. S. MehtaPartnerDiwan A. Nanda }DirectorsSunil K. Nayak Chief Financial Officer & Company SecretaryMumbai, 21st February, 2008 Mumbai, 21st February, 2008
43Profit and Loss Accountfor the year ended 31st December 2007ScheduleJanuary 07 toDecember 07Rs. MillionApril 06 toDecember 06Rs. MillionINCOMESales – Gross 9517.1 7538.9Less: Excise duty recovered on sales 902.7 668.5Sales – Net 8614.4 6870.4Other income 13 243.9 221.28858.3 7091.6EXPENDITURECost of materials 14 5526.6 4549.6Personnel cost 15 710.8 534.0Interest (Net) 16 12.0 (0.7)Depreciation/Amortisation 5 214.6 153.5Other expenditure 17 1661.3 1403.68125.3 6640.0Less: Service charges recovered 73.7 50.68051.6 6589.4PROFIT BEFORE EXCEPTIONAL ITEMS AND TAXATION 806.7 502.2Exceptional items (See note 27, Schedule 18) 313.4 (5.6)PROFIT AFTER EXCEPTIONAL ITEMS AND BEFORE TAXATION 493.3 507.8Provision for taxationCurrent tax 219.5 125.0Deferred tax (54.9) 45.6Fringe benefit tax 10.8 8.5PROFIT AFTER TAXATION 317.9 328.7Balance brought forward from previous period 135.1 386.6Available for appropriation 453.0 715.3APPROPRIATED AS FOLLOWSGeneral reserve 31.8 33.0Proposed dividend 266.6 479.9Corporate tax on proposed dividend 45.3 67.3Corporate tax on dividend of previous period 14.2 —Balance carried to the Balance sheet 95.1 135.1453.0 715.3Notes on balance sheet and profit and loss account 18Basic and Diluted earnings per share (in Rupees) 11.92 12.33(See note 4, Schedule 18) (Annualised) (Not annualised)Face value per share (in Rupees) 10.00 10.00Per our report attached to the Balance SheetFor and on behalf of the Board,For A. F. Ferguson & Co. R. A. Shah ChairmanChartered AccountantsH. Meier Vice-Chairman & Managing DirectorA. C. Khanna B. S. MehtaPartnerDiwan A. Nanda }DirectorsSunil K. Nayak Chief Financial Officer & Company SecretaryMumbai, 21st February, 2008 Mumbai, 21st February, 2008
Page 2 and 3: Clariant Chemicals (India) LimitedN
Page 4 and 5: 2Corporate ManagementSunil K. Nayak
Page 6 and 7: 4Our People - the key to our succes
Page 8 and 9: 6Sustainable GrowthSustainability i
Page 11 and 12: 9Intermediates and ColoursWe are th
Page 13: 11Our global business units - Indus
Page 16 and 17: 14 Clariant Chemicals (India) Limit
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92 Clariant Chemicals (India) Limit
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www.clariant.inClariant Chemicals (
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