NORTHERN COALFIELDS LIMITED

BALANCE SHEET AS AT 31st MARCH , 2010

Schedule

AS AT 31st
MARCH 2010
( ` IN LAKHS )

SOURCES OF FUNDS:
Shareholders' funds:
Share Capital
Share Money Pending Allotment
Reserves & Surplus
Loan Fund:
Secured
Unsecured

A
B
C

17,767.28
717,960.63

D
E

Deferred Tax Liability

APPLICATION OF FUNDS:
A. Fixed Assets
Gross Block
Less: Depreciation
Net Block
B. Capital Work-in-Progress
C. Surveyed off Fixed Assets- Awaiting
disposal
Investments
Current Assets, Loans & Advances:
Inventories
Sundry Debtors
Cash & Bank Balances
Loans & Advances
Other Current Assets
Cost of Removal of OverBurden
Less: Current Liabilities & Provisions:
Net Current Assets

AS AT 31st
MARCH 2009
( ` IN LAKHS )
17,767.28
648,320.08

735,727.91

666,087.36

78,997.02

96,380.45

1,332.41

8,555.78

816,057.34

771,023.59

G
G

682,203.30
461,760.81
220,442.49
18,964.42
1,570.00
240,976.91
7,446.40

H
J
I
K
L
M
O
N

650,833.29
459,396.48
191,436.81
25,695.77
678.73

40,755.12
12,299.54
694,963.31
264,807.38
34,516.56
1,047,341.91
479,707.88

217,811.31
8,019.20
35,935.07
7,372.85
550,602.46
307,404.90
26,426.60
927,741.88
382,548.80

567,634.03

545,193.08

816,057.34

771,023.59

NORTHERN COALFIELDS LIMITED.

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON 31ST MARCH, 2010

Schedule
INCOME:
Sales
Coal issued for other purposes
Accretion/Decretion in Stock
Accretion/Decretion in Stock ( Workshop)
Other Income
Extraordinary Income
Total Income

FOR THE YEAR

ENDED 31.03.2010
( ` in Lakhs )

FOR THE YEAR

ENDED 31.03.2009
( ` in Lakhs )

1
2
3
4
5
18

726,484.13
2,875.54
(28.79)
84,718.70
814,049.58

655,194.21
(2,935.11)
(517.79)
83,847.85
53.03
735,642.19

6
7
8
9
10
11
12
15

115,257.74
90,220.05
21,666.35
17,799.42
10,508.03
66,047.92
21,804.91
65,192.73

119,326.32
102,783.21
21,677.81
17,993.58
11,375.71
75,718.24
24,359.22
2,886.50

Total Expenditure

408,497.15

376,120.59

Operating Profit

405,552.43

359,521.60

1,445.73
1,312.77
22,684.28
4,213.65
(546.83)
376,442.83
186.90
376,629.73

2,436.10
2,335.34
42,208.67
1,498.35
(1,481.21)
312,524.35
576.74
313,101.09

149,000.00
2,343.53
(7,223.37)
232,509.57
468,147.49
700,657.06

122,500.00
(737.88)
(5,223.56)
470.00
196,092.53
429,315.29
625,407.82

2,947.01
23,250.96

19,609.25

EXPENDITURE:
Consumption of Stores & Spares
Employees Remuneration & Benefits
Social Overhead
Power & Fuel
Repairs
Contractual Expenses
Miscellaneous Expenses
Overburden Removal Adjustment-Existing Mines

Interest
Financial / Commitment Charges
Depreciation
Provisions
Provision written Back
Write Off
Profit for the Year
Prior Period Adjustment
Profit Before Tax

13
13A
14
16
16
16
17

Provision for Income Tax for the current year

Prov/Adj. for Income Tax for the earlier years
Prov/ Adj. for Deferred Tax for the year
Provision for Fringe benefit Tax
Profit After Tax
Balance brought forward from the Previous Year
Profit Available for Appropriation
APPROPRIATIONS:
Transfer to: Corporate Social Responsibility Reserve
General Reserve
Interim Dividend
Final Dividend (Proposed)

50,000.00
89,505.74

50,000.00
67,655.52

Dividend Tax

139,505.74
23,363.28

117,655.52
19,995.55

BALANCE CARRIED TO BALANCE SHEET

511,590.07

468,147.50

Basic and Diluted Earnings per Share ( in ` )

(of ` 1000/- each )

13,086.39

11,036.72

NORTHERN COALFIELDS LIMITED

Northern Coalfields Limited has consistently been showing an excellent financial performance over the years. The turnover of the Company has risen
from Rs.1904.81 crores in 1996-97 to Rs.7264.84 crores in 2009-10. The Profit Before Tax (PBT) has increased from Rs.728.65 crores to Rs.3766.30
crores and Profit After Tax (PAT) has risen from Rs.403.65 crores to Rs.2325.09 crores during the same period.
Financial Result for the year ended on 31st March 2010 and 31st March 2009
(Rs. in Crores)
Description
2009-10
2008-09
Gross Margin
Less: Depreciation
Gross Profit
Less: Interest & Other Financial Charges
Profit Before Tax
Less: Provision for Tax
Profit After Tax
Less:
Transfer to General Reserve
Dividend on Equity Share Capital
Provision for tax on distributable profit
Transfer to Corporate Social Responsibility Reserve
Surplus carried to Balance Sheet

4,033.11
239.23
3,793.88
27.58
3,766.30
1,441.21
2,325.09
232.51
1,395.06
233.63
29.47
434.42

3,612.04
433.32
3,178.72
47.71
3,131.01
1,170.08
1,960.93
196.09
1,176.55
199.96
388.33

Payment to Central / State Exchequer

Information in regard to contribution made by the Company towards the Central and State Exchequer is furnished hereunder:-

Particulars
Royalty
Central & State Sales Tax
Sales Tax on Works and Scraps
Entry Tax
Stowing Excise Duty
SSDA Cess
Property Tax
Forest Cess
Professional Tax
Total

MP
676.20
112.99
2.27
6.62
51.08
16.88
2.35
868.39

2009-10
UP
149.09
109.02
1.96
0.07
15.68
10.26
286.08

Total
825.29
222.01
4.23
6.69
66.76
10.26
16.88
2.35
1,154.47

MP
645.17
103.69
2.03
5.19
48.76
0.07
36.80
2.21
843.92

(Rs. in Crores)
2008-09
UP
Total
93.40
738.57
97.72
201.41
1.81
3.84
0.08
5.27
12.11
60.87
9.29
9.29
0.07
36.80
2.21
214.41
1,058.33

The Company has paid an amount of Rs.1439.48 crores towards Corporate Advance Income Tax (including TDS) during 2009-10, as against
Rs.1205.11 crores paid during 2008-09.
00-01
01-02
02-03
03-04
04-05
05-06
06-07
07-08
08-09
09-10
Turnover
2739.66 3079.56
3,244.18
3,661.01
4,357.38
4,546.86
4,630.84
5,455.21
6,551.94
7,264.84
Gross Margin
1406.95
1766.6
1,816.19
2,051.46
2,380.81
2,512.95
2,555.11
3,121.64
3,612.05
4,033.11
Profit Before Tax
1025.05 1387.34
1,293.01
1,647.06
1,976.03
2,116.26
2,177.61
2,763.75
3,131.01
3,766.30
Profit After Tax
703.48
900.04
748.74
1,007.66
1,235.97
1,300.98
1,366.48
1,771.66
1,960.93
2,325.09