ANNUAL

REPORT-2014-2015

Annual Report 2014- 2015

INDIAN TOBACCO COMPANY LIMITED

ANNUAL
REPORT-2014-2015
Profit and Loss Account for the year ended 31 st March,2015
Note

Mar '15

2.1

7,344.79

Mar '14

Income
Sales Turnover
Excise Duty
Net Sales

168.80
2.2

Other Income
Stock Adjustments
Total Income

7,175.99

6,307.39
0.00
6,307.39

229.59

14.82

25.48

12.58

7,431.06

6,334.79

4,356.44

3,835.34

Expenditure
Raw Materials

2.3

Power & Fuel Cost

Employee Cost

67.42

65.12

176.79

172.45

Miscellaneous
Expenses
Total Expenses

2..4

Operating Profit

2.5

771.50

596.62

PBDIT

2.6

1,001.09

611.44

Interest

1,829.32

1,650.44

6,429.97

5,723.35

1.21

PBDT

5.44

999.88

606.00

117.27

63.38

Other Written Off

0.00

0.00

Profit Before Tax

882.61

542.62

PBT (Post Extra-ord

Items)
Tax

882.61

542.62

260.20

172.79

Reported Net Profit

622.41

369.83

Depreciation

(Rs. In Crores)

2.7

ANNUAL
REPORT-2014-2015

Explanation:
2.1 Sales Turnover: (Rs. 7,344.79) in crores
Sales turnover is the total amount of revenue generated by a business during the calculation
period.

2.2 Net Sales: (Rs. 7,175.99) in crores

Net sales is the gross amount of Sales minus Sales Returns and Allowances, and Sales
Discounts for the time interval indicated on the income statement.

2.3 Raw Materials: (Rs. 4,356.44) in crores

A raw material, also known as a feedstock or most correctly unprocessed material, is a basic
material that is used to produce goods, finished products, energy, or intermediate materials
which are feedstock for future finished products.

2.4 Miscellaneous Expenses: (Rs. 1,829.32) in crores

Miscellaneous expense is often a general ledger account in which very small amounts are
recorded.

2.5 Operating Profit: (Rs. 771.50) in crores

A profit from business operations (gross profit minus operating expenses) before deduction of
interest and taxes.

2.6 PBDIT: (Rs. 1,001.09) in crores

PBDIT is an acronym for profit before depreciation, interest, and taxes.

2.7 Depreciation: (Rs. 117.27) in crores

ANNUAL
REPORT-2014-2015
A reduction in the value of an asset over time, due in particular to wear and tear.

BALANCE SHEET FOR THE YEAR ENDED 31st

MARCH,2015
(Rs. In
Crores)

ANNUAL
REPORT-2014-2015
Note

Mar '15

Mar '14

Total Share Capital

3.1

23.99

23.99

Equity Share Capital

3.2

23.99

23.99

Reserves

3.3

1,217.55

769.84

Networth

3.4

1,241.54

793.83

Secured Loans

3.5

46.90

32.70

Unsecured Loans

3.5

96.88

119.76

Total Debt
Minority Interest
Total Liabilities
Application Of Funds
Gross Block
Less:
Accum.
Depreciation
Net Block
Capital Work in Progress

3.6
3.7

143.78
2.43
1,387.75

152.46
2.38
948.67

3.8

1,644.04
799.97

1,530.72
683.13

3.9

844.07
48.37

847.59
107.09

Investments

3.10

517.94

197.87

Inventories
Sundry Debtors

3.11
3.12

404.04
135.81

420.27
108.70

226.33
766.18
616.79
1,382.97

109.07
638.04
316.28
954.32

982.83
422.77

826.13
332.07

1,405.60

1,158.20

-22.63

-203.88

1,387.75

948.67

Sources of Funds

Cash and Bank Balance

Total Current Assets
Loans and Advances
Total CA, Loans &
Advances
Current Liabilities
Provisions

3.13

3.14
3.15

Total CL & Provisions

Net Current Assets
Total Assets

3.16

ANNUAL
REPORT-2014-2015

3.1 Total Share Capital: (Rs. 23.99) in crores

Share capital, also called equity financing, is the total amount of money and property a company
has received for selling its shares to shareholders.

3.2 Equity Share Capital: (Rs. 23.99) in crores

Share capital refers to the portion of a company's equity that has been obtained by trading stock
to a shareholder for cash

3.3 Reserves: (Rs. 1,217.55) in crores

Reserve an account set aside by an individual or business to meet any unexpected costs that
may arise in the future as well as the future costs of upkeep.

3.4 Net Worth: (Rs. 1,241.54) in crores

Net worth is the total assets owned by an individual or business less any debt obligations and
other financial liabilities. Net worth is demonstrated through the owners' equity section.

3.5 Secured & Unsecured Loans: (Rs. 46.90 & 96.88) in crores
Secured Loans: It represents loans and advances from banks/subsidiaries/others raised by a
company, after creation of charge on its assets. It includes 'Debentures'.
Unsecured Loans: These are loans and advances (including short term) from Banks/
Subsidiaries/others obtained without creating any charge on the assets of the Firm. It includes
fixed deposits received from public.

3.6 Total Debt: (Rs. 143.78) in crores

ANNUAL
REPORT-2014-2015
A financial ratio that measures the extent of a company's or consumer's leverage. The debt ratio
is defined as the ratio of total long-term and short-term debt to total assets, expressed as a
decimal or percentage. It can be interpreted as the proportion of a company's assets that are
financed by debt.

3.7 Minority Interest: (Rs. 2.43) in crores

In accounting, minority interest (or non-controlling interest) is the portion of a subsidiary
corporation's stock that is not owned by the parent corporation.

3.8 Gross Block: (Rs. 1,644.04) in crores

Gross block is the sum total of all assets of the company valued at their cost of acquisition. This
is inclusive of the depreciation that is to be charged on each asset. Net block is the gross block
less accumulated depreciation on assets. Net block is actually what the asset are worth to the
company.

3.9 Capital Work in Progress: (Rs. 48.37) in crores

If an asset is not completed at that time when balance sheet is prepared, all costs incurred on
that asset up to the balance sheet date are transferred to an account called Capital Work in
Progress Account.

3.10 Investment: (Rs. 517.94) in crores

An asset or item that is purchased with the hope that it will generate income or appreciate in the
future.

ANNUAL
REPORT-2014-2015
3.11 Inventories: (Rs. 404.04) in crores
The raw materials, work-in-process goods and completely finished goods that are considered to
be the portion of a business's assets that are ready or will be ready for sale.

3.12 Sundry Debtors: (Rs. 135.81) in crores

Sundry debtors refer to a company's customers who rarely make purchases on credit and the
amounts they purchase are not significant.

3.13 Total Current Assets: (Rs. 766.18) in crores

Current assets include cash and cash equivalents, accounts receivable, inventory, marketable
securities, prepaid expenses and other liquid assets that can be readily converted to cash.
3.14 Current Liabilities: (Rs. 982.83) in crores
Current liabilities appear on the company's balance sheet and include short term debt, accounts
payable, accrued liabilities and other debts.
3.15 Provisions: (Rs. 422.77) in crores
A provision is an amount set aside for the probable, but uncertain, economic obligations of an
enterprise. A provision is an amount that you put in aside in your accounts to cover a future
liability.

3.16 Net Current Assets: (Rs. -22.63) in crores

Current Assets minus Current Liabilities is Net Current Assets.

ANNUAL
REPORT-2014-2015