2007-08 - Aditya Birla Nuvo, Ltd

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MANAGEMENT’S DISCUSSION AND ANALYSISCONSOLIDATED PERFORMANCERs. CroresProfit and Loss Account 2007-08 2006-07 Change (%)Net income from Operations 12,134.0 8,366.8 45%Other Income 93.1 63.9 46%Operating Profit (PBDIT) 1,101.3 1,139.6 –3%Net Interest 425.0 363.3 17%Depreciation 524.9 422.8 24%Profit Before Tax and Exceptional Items 151.3 353.5 –57%Exceptional Gain/(Loss) 0.7 0.5Profit before Tax 152.0 354.0 –57%Provision for Taxation (Net) 125.9 111.9 12%Net Profit before Minority Interest 26.2 242.1 –89%Less : Minority Interest (124.6) (38.8)Net Profit after Minority Interest 150.8 280.9 –46%Balance Sheet 2007-08 2006-07 Change (%)Net Worth 4,032.9 3,119.6 29%Total Debts 6,647.9 5,461.6 22%Minority Interest 174.4 143.3 22%Deferred Tax Liability 226.2 179.6 26%Capital Employed 11,081.3 8,904.1 24%Aditya Birla Nuvo has posted a strong growth in the top-line on a consolidated basis.Your Company’s consolidated revenues crossed USD3 billion mark during the year, registering a yearon-yeargrowth of 45% from Rs. 8,366.8 Crores toRs. 12,134 Crores. Revenues from its subsidiaries andjoint ventures, where your Company had madesubstantial investments in the past, grew by 66% toRs. 8,209.8 Crores from Rs. 4,946.3 Crores in theprevious year. Life Insurance, Telecom, BPO andGarments businesses were major contributors to therevenues growth. The share of growth businessesgrew to 75% up from 67% in the previous year.Consolidated Revenues (Rs. Crores)12,134.08,336.845%FY 07 FY 08(12)
MANAGEMENT’S DISCUSSION AND ANALYSISConsolidated Revenues CompositionFY 2007 FY 2008IT ServicesFinancial Services 1%2%Life Insurance25%BPO12%Telecom17%Rayon5% Carbon Black9%Garments10%Fertilisers9%Textiles7%Insulators3%Growth Businesses 67% Value Businesses 33%Life Insurance33%IT ServicesFinancial Services 1%2%BPO13%RayonCarbon Black4%7%Textiles5%Fertilisers6%Insulators3%Telecom18%Garments8%Growth Businesses 75% Value Businesses 25%Investment phase of growth businesses had gestating impact on consolidated profitabilityYour Company’s consolidated net profit at Rs. 150.8 Crores is lower by 46% during the year, against Rs. 280.9Crores attained in the preceding year. Growing share of new business premium, which is the key growthdriver in the Life Insurance business, had initial gestating strain on consolidated profitability. Without LifeInsurance business, consolidated net profit has grown up by 25% to Rs. 480.3 Crores from Rs. 384.3 Crores.Rs. Crores2007-08 2006-07 Change (%)Consolidated Net Profit without Life Insurance 480.3 384.3 25%Life Insurance Losses (Net of Minority Interest) (329.5) (103.4)Consolidated Net Profit 150.8 280.9 –46%The performance of individual businesses is highlighted in the subsequent paragraphs.GROWTH BUSINESSESTELECOM (IDEA CELLULAR LIMITED)Rs. Crores2007-08 2006-07 Change (%)No of Subscribers (Lacs) 240.2 140.1 71%Revenues 6,720.0 4,366.4 54%PBDIT 2,375.7 1,504.0 58%PBIT 1,498.8 832.2 80%PAT 1,042.3 502.2 108%Capital Employed 10,060.0 6,430.3 56%ROACE (%) 18% 15% —Nuvo’s investment 2,355.8 2,355.8 —(13)
Page 2 and 3: Mr. G. D. Birla and Mr. Aditya Birl
Page 4 and 5: THE CHAIRMAN’S LETTER TO SHAREHOL
Page 7 and 8: THE CHAIRMAN’S LETTER TO SHAREHOL
Page 9 and 10: ADITYA BIRLA NUVO LIMITEDBOARD OF D
Page 11 and 12: FINANCIAL HIGHLIGHTS - STANDALONERs
Page 13: MANAGEMENT’S DISCUSSION AND ANALY
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Page 33 and 34: CORPORATE GOVERNANCE REPORTGovernan
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Page 43 and 44: SOCIAL REPORTTranscending BusinessS
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Page 47 and 48: ENVIRONMENT REPORTElements for the
Page 49 and 50: SHAREHOLDER INFORMATION6c. Domestic
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Page 59 and 60: DIRECTORS’ REPORT TO THE SHAREHOL
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DIRECTORS’ REPORT TO THE SHAREHOL
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DIRECTORS’ REPORT TO THE SHAREHOL
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ANNEXURE ‘A’ TO THE DIRECTORS
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ANNEXURE ‘B’ TO DIRECTORS’ RE
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AUDITORS’ REPORT TO THE MEMBERSAn
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AUDITORS’ REPORT TO THE MEMBERS(x
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PROFIT & LOSS ACCOUNT FOR THE YEAR
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SCHEDULESSCHEDULE 2RESERVES & SURPL
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SCHEDULESRs. CroresAs atAs atFace V
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SCHEDULESSCHEDULE 7INVENTORIESAs at
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SCHEDULESRs. CroresYear EndedYear E
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SCHEDULESSCHEDULE 19SIGNIFICANT ACC
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SCHEDULESSCHEDULE 19 (Contd.)SIGNIF
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CASH FLOW STATEMENT FOR THE YEAR EN
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AUDITORS’ REPORT ON THE CONSOLIDA
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CONSOLIDATED PROFIT & LOSS ACCOUNT
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SCHEDULES FORMING PART OF CONSOLIDA
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SEGMENT DISCLOSURES FOR THE YEAR EN
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CONSOLIDATED CASH FLOW STATEMENT AS
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ANNEXURE ‘1’ OF STATEMENT PURSU
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STATEMENT PURSUANT TO SECTION 212(8
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ANNEXURE ‘A’ OF STATEMENT U/S 2
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ADITYA BIRLA NUVO LIMITEDRegistered
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2007-08 - Aditya Birla Nuvo, Ltd

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