Annual Report FY 2009-10 - Welspun

th15 Annual Report 2009-10Balance Sheet as at 31 March 2010ParticularsSchedulesSources of FundsShareholders' Funds(Rs. in Million)As atAs at31-Mar-10 31-Mar-09Share Capital 1 1,021.61932.46Reserves and Surplus 2 26,366.00 14,865.5327,387.61 15,797.99Loan FundsSecured Loans 3 12,971.12 21,634.02Unsecured Loans 4 6,818.4619,789.58103.4121,737.43Foreign Currency Monetary Item Translation Difference Account (Refer Note 6(b))75.42-Deferred Tax Liabilities (Net) (Refer Note 14(b)) 2,954.682,487.63Total 50,207.29 40,023.05Application of FundsFixed AssetsGross Block 5 29,691.95 26,528.82Less:Depreciation/Amortisation 5,057.643,618.48Net Block 24,634.31 22,910.34Capital Work-In-Progress (Refer Note 12 (iv)) 4,011.1728,645.483,803.1526,713.49Investments 6 2,796.141,718.37Foreign Currency Monetary Item Translation Difference Account (Refer Note 6(b)) -354.98Current Assets, Loans and AdvancesInterest Accrued on Investments 13.4125.19Inventories 7 13,042.92 23,236.41Sundry Debtors 8 8,040.875,838.55Cash and Bank Balances 9 9,212.409,193.71Loans and Advances 10 6,194.1536,503.7511,149.8149,443.67Less : Current Liabilities and ProvisionsCurrent Liabilities 11 16,603.28 37,607.18Provisions 12 1,134.8017,738.08600.2838,207.46Net Current Assets 18,765.67 11,236.21Total 50,207.29 40,023.05Significant Accounting Policies and Notes to Accounts 18As per our attached report of even dateFor and on behalf of the BoardFor MGB & Co.Chartered AccountantsB.K.GoenkaChairman and Managing DirectorM.L.MittalExecutive Director-FinanceMohan BhandariPartnerMumbai, 27 April 2010B.R.JajuChief Financial OfficerPradeep JoshiCompany Secretary56