Statement 1: Growth Rates of The Selected Items of The Selected 855 Large Public Limited Companies, 1997-98 to 1999-2000

(Per cent)

ITEM

1997-98

1998-99

1999-2000

1

2

3

4

1.

Sales $

(7.0)

7.5

12.5

2.

Value of production

(8.9)

6.5

13.2

3.

Total Income

(9.0)

6.7

13.4

4.

Manufacturing expenses

(8.1)

6.8

13.9

5.

Remuneration to employees

(13.1)

9.3

7.5

6.

Depreciation provision

(29.8)

15.3

17.5

7.

Gross profits

(-3.9)

-3.3

13.2

8.

Interest

(15.0)

10.7

8.8

9.

Operating profits

(-18.9)

-16.6

18.6

10.

Non-operating surplus/deficit

(30.8)

40.0

41.9

11.

Profits before tax

(-15.7)

-11.6

21.8

12.

Tax provision

(-12.1)

-0.4

26.9

13.

Profits after tax

(-16.9)

-15.4

19.9

14.

Dividend paid

(-4.4)

-0.3

21.5

15.

Profits retained

(-23.1)

-23.7

18.7

16.

Gross saving

(3.6)

-0.7

17.8

17.

(a) Gross value added

(7.2)

4.3

11.4

(b) Net value added

(2.7)

1.6

9.6

18.

Net worth @

(7.9)

6.9

7.6

19.

Total borrowings @

(18.9)

12.8

3.5

Of which, from banks @

(12.9)

13.8

4.7

20.

Trade dues and other current liabilities @

(10.0)

7.6

7.6

21.

(a) Gross fixed assets @

(18.5)

10.7

10.1

(b) Net fixed assets @

(18.0)

7.5

6.9

22.

Inventories @

(6.0)

2.6

7.6

23.

(a) Gross physical assets @

(16.2)

9.4

9.7

(b) Net physical assets @

(15.1)

6.5

7.1

24.

(a) Total gross assets @

(13.4)

11.0

7.7

(b) Total net assets @

(12.3)

9.4

5.7

25.

Total earnings in foreign currencies

(20.0)

1.3

14.5

Of which, Exports

(12.8)

5.3

12.4

26.

Total expenditure in foreign currencies

(11.0)

2.4

4.5

Of which, Imports

(11.0)

-1.3

4.6

Note :

Figures in brackets relate to 820 companies for the previous study. Rates of growth of all the items are adjusted for changes due to amalgamation of companies.

$

Net of 'rebates and discounts' and 'excise duty and cess'.

@

Adjusted for revaluation, etc.

Statement 2: Selected Financial Ratios of The Selected 855 Large Public Limited Companies, 1997-98 to 1999-2000

(Per cent)

RATIO

1997-98

1998-99

1999-2000

1

2

3

4

A.

Capital structure ratios

1.

Net fixed assets to total net assets

50.2

49.6

50.3

2.

Net worth to total net assets

41.1

40.5

41.3

3.

Debt to equity

61.4

66.5

64.0

4.

Debt to equity

66.8

72.8

69.7

(equity adjusted for revaluation reserve)

5.

Short term bank borrowings to inventories

74.1

72.6

69.6

6.

Total outside liabilities to net worth

143.2

147.0

141.9

B.

Liquidity ratios

7.

Current assets to current liabilities *

1.2

1.3

1.3

8.

Quick assets to current liabilities

53.6

58.8

54.3

9.

Current assets to total net assets

41.2

42.2

40.5

10.

Sundry creditors to current assets

27.1

24.9

27.9

11.

Sundry creditors to net working capital

145.3

107.9

135.2

C.

Assets utilization and turnover ratios

12.

Sales to total net assets

65.3

63.8

67.9

13.

Sales to gross fixed assets

95.9

92.2

93.8

14.

Inventories to sales

19.5

18.6

17.8

15.

Sundry debtors to sales

18.9

18.5

17.8

16.

Exports to sales

10.6

10.4

10.4

17.

Gross value added to gross fixed assets

23.9

22.3

22.5

18.

Raw materials consumed to value of production

49.0

49.5

49.4

D.

Sources and uses of funds ratios @

19.

Gross fixed assets formation to

total uses of funds

(74.5)

56.5

76.9

20.

Gross capital formation to

total uses of funds

(80.0)

59.1

86.8

21.

External sources of funds to

total sources of funds

(65.6)

58.9

45.0

22.

Increase in bank borrowings to

total external sources

(15.8)

21.4

14.1

23.

Gross saving to gross capital formation

(72.3)

73.2

75.6

E.

Profitability and profit allocation ratios

24.

Gross profits to total net assets

8.5

7.5

8.0

25.

Gross profits to sales

13.0

11.7

11.8

26.

Profits after tax to net worth

8.8

6.9

7.6

27.

Tax provision to profits before tax

24.9

28.1

29.2

28.

Profits retained to profits after tax

64.5

58.1

57.6

29.

Dividends to net worth

3.1

2.9

3.2

30.

Ordinary dividends to ordinary paid-up capital

18.4

17.0

19.3

Note :

Figures in brackets relate to 820 companies for the previous study.

@

Adjusted for revaluation, etc.

*

Item B.7 is the actual ratio of current assets to current liabilities.

Statement 3: Combined Income, Value of Production, Expenditure and Appropriation Account of The Selected 855 Large Public Limited Companies, 1997-98 to 1999-2000

(Rs. crore)

ITEM

1997-98

1998-99

1999-2000

1

2

3

4

INCOME AND VALUE OF PRODUCTION

1. Sales $

1,65,923

1,78,321

2,00,649

2. Increase(+) or decrease(-) in value of stock

of finished goods and work in progress

1,809

282

1,603

3. Value of production (1+2)

1,67,732

1,78,603

2,02,252

4. Other income

6,214

6,712

7,399

Of which, (a) Dividends

810

708

1,116

(b) Interest

2,442

2,514

2,814

(c) Rent

397

498

371

5. Non-operating surplus(+)/ deficit(-)

1,073

1,502

2,130

6. Total (3+4+5)

1,75,018

1,86,817

2,11,781

EXPENDITURE AND APPROPRIATIONS

7. Raw materials, components, etc., consumed

82,204

88,338

99,957

8. Stores and spares consumed

8,094

8,563

9,376

9. Power and fuel

13,183

13,175

15,690

10. Other manufacturing expenses

2,624

3,262

4,105

11. Salaries, wages and bonus

10,336

11,285

12,064

12. Provident fund

1,105

1,247

1,341

13. Employees' welfare expenses

1,810

1,956

2,167

14. Managerial remuneration

223

229

268

15. Royalty

762

410

510

16. Repairs to buildings

489

487

528

17. Repairs to machinery

1,895

2,077

2,112

18. Bad debts

329

393

474

19. Selling commission

1,465

1,166

1,345

20. Rent

1,587

1,657

1,566

21. Rates and taxes

629

665

838

22. Advertisement

1,595

1,870

2,205

23. Insurance

744

799

848

24. Research and development

429

491

522

25. Other expenses

14,247

16,551

18,351

26. Depreciation provision

8,369

9,652

11,345

27. Other provisions

(other than tax and depreciation)

180

123

362

28. Gross profits

21,645

20,921

23,674

29. Less: Interest

10,519

11,643

12,671

30. Operating profits

11,126

9,278

11,004

31. Non-operating surplus(+)/ deficit(-)

1,073

1,502

2,130

32. Profits before tax

12,199

10,780

13,134

33. Less: Tax provision

3,037

3,025

3,837

34. Profits after tax

9,163

7,754

9,297

35. Dividends

3,254

3,246

3,943

(a) Ordinary

3,203

3,154

3,793

(b) Preference

51

92

149

36. Profits retained

5,909

4,509

5,354

37. Total (7 TO 28 + 31)

1,75,018

1,86,819

2,11,781

$ Net of 'rebates and discounts' and 'excise duty and cess'.