(Per cent)

Public

Private

(312)

(135)

SELECTED FINANCIAL RATIOS

1998-99

1999-00

2000-01

1998-99

1999-00

   2000-01

1

2

3

4

5

6

7

A.

Capital structure ratios

1.

Net fixed assets to total net assets

39.2

37.7

36.2

38.7

36.7

34.5

2.

Net worth to total net assets

42.3

44.9

47.0

44.2

47.8

49.5

3.

Debt to equity

40.6

35.6

31.7

15.6

12.1

12.4

4.

Debt to equity (equity adjusted for revaluation reserve)

42.6

37.1

33.0

15.6

12.1

12.5

5.

Short term bank borrowings to inventories

44.3

38.9

37.0

77.6

84.8

74.4

6.

Total outside liabilities to net worth

136.4

122.9

112.6

126.3

109.1

102.2

B.

Liquidity ratios

7.

Current assets to current liabilities*

1.4

1.4

1.4

1.0

1.1

1.2

8.

Quick assets to current liabilities

60.8

63.2

62.8

46.6

54.6

60.5

9.

Current assets to total net assets

54.8

54.6

53.5

50.0

51.7

53.1

10.

Sundry creditors to current assets

30.6

32.5

32.2

30.1

28.4

26.1

11.

Sundry creditors to net working capital

113.6

110.7

107.6

#

259.6

154.4

C.

Assets utilisation and turnover ratios

12.

Sales to total net assets

95.2

98.3

95.3

68.0

70.2

77.9

13.

Sales to gross fixed assets

161.5

166.7

160.8

132.9

138.9

152.4

14.

Inventories to sales

19.7

18.7

19.2

22.3

20.7

17.5

15.

Sundry debtors to sales

17.3

17.2

17.6

22.9

23.9

21.3

16.

Exports to sales

10.3

10.1

11.3

24.4

22.0

19.4

17.

Gross value added to gross fixed assets

39.1

41.2

40.6

36.7

41.9

49.4

18.

Raw materials consumed to value of production

49.0

48.7

47.4

40.7

38.5

38.1

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to total uses of funds

40.2

40.4

38.6

35.9

20.

Gross capital formation to total uses of funds

49.3

51.5

47.7

36.4

21.

External sources of funds to total sources of funds

31.3

19.3

70.7

41.6

22.

Increase in bank borrowings to total external sources

–3.4

–4.5

9.1

–41.7

23.

Gross savings to gross capital formation

164.9

164.3

63.3

134.7

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

10.6

11.6

11.2

4.5

6.1

5.6

25.

Gross profits to sales

11.1

11.8

11.7

6.6

8.6

7.2

26.

Profits after tax to net worth

13.0

13.7

14.3

3.1

4.8

3.3

27.

Tax provision to profits before tax

31.5

32.7

31.7

43.3

37.5

47.5

28.

Profits retained to profits after tax

56.8

54.0

56.0

70.2

73.3

41.5

29.

Dividends to net worth

5.6

6.3

6.3

0.9

1.3

1.9

30.

Ordinary dividends to ordinary paid-up capital

32.2

39.4

42.4

1.1

1.6

2.4

For footnotes, please refer to Statement 5.