Finances of Large Public Limited Companies, 1999-2000 - Statements (Part 1 of 5) - RBI - Reserve Bank of India
Finances of Large Public Limited Companies, 1999-2000 - Statements (Part 1 of 5)
Statement 1: Growth Rates of The Selected Items of The Selected 855 Large Public Limited Companies, 1997-98 to 1999-2000 |
(Per cent) |
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ITEM |
1997-98 |
1998-99 |
1999-2000 |
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1 |
2 |
3 |
4 |
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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 |
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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) |
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RATIO |
1997-98 |
1998-99 |
1999-2000 |
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1 |
2 |
3 |
4 |
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A. |
Capital structure ratios |
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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) |
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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 |
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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 |
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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 @ |
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19. |
Gross fixed assets formation to |
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total uses of funds |
(74.5) |
56.5 |
76.9 |
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20. |
Gross capital formation to |
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total uses of funds |
(80.0) |
59.1 |
86.8 |
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21. |
External sources of funds to |
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total sources of funds |
(65.6) |
58.9 |
45.0 |
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22. |
Increase in bank borrowings to |
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total external sources |
(15.8) |
21.4 |
14.1 |
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23. |
Gross saving to gross capital formation |
(72.3) |
73.2 |
75.6 |
|
E. |
Profitability and profit allocation ratios |
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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 |
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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) |
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ITEM |
1997-98 |
1998-99 |
1999-2000 |
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1 |
2 |
3 |
4 |
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INCOME AND VALUE OF PRODUCTION |
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1. Sales $ |
1,65,923 |
1,78,321 |
2,00,649 |
2. Increase(+) or decrease(-) in value of stock |
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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 |
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6. Total (3+4+5) |
1,75,018 |
1,86,817 |
2,11,781 |
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EXPENDITURE AND APPROPRIATIONS |
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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 |
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(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 |
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37. Total (7 TO 28 + 31) |
1,75,018 |
1,86,819 |
2,11,781 |
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$ Net of 'rebates and discounts' and 'excise duty and cess'. |