Download the Annual Report for 2010-11. - kiocl limited

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BALANCE SHEET ABSTRACT AND COMPANY'S GENERAL BUSINESS PROFILE (Contd.)IV Performance of Company(Amount in ` thousands)Turnover and other incomeTotal expenditure17,848,478 16,848,968Profit Before TaxProfit After Tax999,510 762,722Earning per share Dividend rate in %` (Basic & Diluted)1.20 2.50%V Generic Names of Three Principal products / Services of the Company(as per monetary terms)(i) Item Code No. (ITC Code) 2601 11.50Product DescriptionIron ore Concentrate(ii) Item Code No. (ITC Code) 2601 12.10Product DescriptionIron ore Pellets(iii) Item Code No. (ITC Code) 7201 10.00Product DescriptionPig IronK. Ranganath T.M.G.K BhatChairman-cum-Managing DirectorDirector (Finance)As per our report of even datefor M/s ASA & AssociatesChartered Accountants112P. NitishPlace : BangaloreS.K. PadhiPartnerDate : 6th May, 2011 Company SecretaryMembership No. 0247369th May, 2011
Cash Flow Statement for the year ended 31St March 2011Current yearPrevious Year` in ThousandsA CASH FLOW FROM OPERATING ACTIVITIESNet profit before tax 999,510 (1,949,502)Add/(Less) Adjustment for:Depreciation - Current year 306,495 308,074- Prior period (5,771) 61Interest income (923,046) (731,218)Deferred Revenue expenses (Charged during the year) 64,166 186,831Provision no longer required written back (101,100) (218,784)(Profit)/Loss on sale of Fixed assets (504) (728)Operating cash flow before working capital changes 339,750 (2,405,266)Adjustment for:(Increase)/Decrease in Inventories (110,029) 4,221,894(Increase)/Decrease in Trade and other receivables (631,570) (460,776)Increase/(Decrease) in Trade and other payables 692,451 1,74,298Deferred Revenue expenditure (Additions) (192,498)Sale/deletion/Transfer of Fixed assets 229 (187)Cash generated from operations 290,831 1,337,465Direct tax paid (Net of refunds) 76,515 (298)Net cash from Operating activities 367,346 1,337,167B CASH FLOW FROM INVESTING ACTIVITIESPurchase of Fixed assets (162,138) (9,730)(Increase)/Decrease in Capital work in progress (419,429) (56,642)Interest received 764,682 574,051Tax on interest received 11,756 164,839Proceeds from sale of Fixed assets 504 728Net cash from investing activities 195,375 673,246C CASH FLOW FROM FINANCING ACTIVITIESPayment of Dividends and dividend tax (59,261) (74,235)Interest paidNet cash used in Financing activities (59,261) (74,235)113
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ContentsBoard of Directors 3Notice
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EXPLANATORY STATEMENT PURSUANT TO S
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Form of ProxyKIOCL LIMITEDRegd. Fol
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Production for Asia was 897.9 milli
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PROJECTS UNDER CONSTRUCTION :In my
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18Captive Iron Ore Mine:The Company
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Directors’ ReportDear Shareholder
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4.3 The following table summarises
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efforts to cool down the overheatin
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Plant at Mangalore, KIOCL has to ge
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Consultant recommended that KIOCL c
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mortar manufacture. This can also b
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Other Mining /Prospecting Leases9.4
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either from the recognised Union or
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Visit of Third Sub-Committee of Par
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Former Secretary (Steel) Shri Atul
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Groups on rolls of the Company as o
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23.4 Your Company has also nominate
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25.3 Inspections: 7 CTE type inspec
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27. BOARD OF DIRECTORSAppointmenti)
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energy audit to quantify the target
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Annexure-IICORPORATE GOVERNANCECOMP
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is not practical to send the releva
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Corporate Governance (Contd.)c) To
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Corporate Governance (Contd.)Detail
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Corporate Governance (Contd.)(iii)
Page 63 and 64: Corporate Governance (Contd.)(xii)
Page 65 and 66: Corporate Governance (Contd.)(xx) R
Page 67 and 68: WeaknessCorporate Governance (Contd
Page 69 and 70: Corporate Governance (Contd.)local
Page 71 and 72: KIOCL Limited(Formerly Kudremukh Ir
Page 73 and 74: Annexure-IIIASA & ASSOCIATESCharter
Page 75 and 76: C. a. Confirmations of Balances hav
Page 77 and 78: Auditors' Report (Contd.)5. a. In o
Page 79 and 80: Auditors'ReportPara No.COMMENTS/OBS
Page 81 and 82: COMMENTS OF THE COMPTROLLER AND AUD
Page 83 and 84: 3.2 Depreciation in respect of Asse
Page 85 and 86: 7.2 Provision for Leave Encashment
Page 87 and 88: Profit and Loss Account for the yea
Page 89 and 90: Schedule 3FIXED ASSETSG R O S S B L
Page 91 and 92: Schedules (Contd.)Schedule 6CURRENT
Page 93 and 94: Schedules (Contd.)Schedule 7CURRENT
Page 95 and 96: Schedule 10ACCRETION/(-)DEPLETION T
Page 97 and 98: Schedules (Contd.)Schedule 14PRIOR
Page 99 and 100: Schedules (Contd.)Schedule 16NOTES
Page 101 and 102: 5. In pursuance of the directive of
Page 103 and 104: y the Govt of India and is binding
Page 105 and 106: Schedules (Contd.)Year ended Year e
Page 107 and 108: Details of measurement of present v
Page 109 and 110: TYPE OF PLANLONG TERM COMPENSATEDAB
Page 111 and 112: TYPE OF PLANLONG TERM COMPENSATEDAB
Page 113: Balance Sheet Abstract and Company'
Page 117 and 118: SEGMENT REPORTING FOR THE YEAR ENDE
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