HINDUSTAN AERONAUTICS LTD.

BALANCE SHEET
(Rs. in Lakhs)
-------------------------------------------------------------------------------PARTICULARS
2005-06
2004-05
2003-04
-------------------------------------------------------------------------------AUTHORISED CAPITAL
16000
16000
16000
I. SOURCES OF FUNDS
------------------(1) SHAREHOLDERS FUND
(A) PAID-UP CAPITAL
CENTRAL GOVT
OTHERS
(B) SHARE APPLICATION MONEY
(C) RESERVES & SURPLUS
TOTAL (A)+(B)+(C)
(2) LOAN FUNDS
(A) SECURED LOANS
(B) UNSECURED LOANS
TOTAL (A)+(B)
(3) DIFERRED TAX LIABILITY
TOTAL (1)+(2)+(3)
II. APPLICATION OF FUNDS
-----------------------(1) FIXED ASSETS
(A) GROSS BLOCK
(B) LESS: DEPRECIATION
(C) NET BLOCK
(D) CAPITAL WORK IN PROGRESS
TOTAL (C)+(D)
(2) INVESTMENTS
(3) CURRENT ASSETS, LOANS & ADVANCES
(A) INVENTORIES
(B) SUNDRY DEBTORS
(C) CASH & BANK BALANCES
(D) OTHER CURRENT ASSETS
(E) LOAN & ADVANCES
TOTAL (A+B+C+D+E)
LESS:CURRENT LIABILITIES & PROVN.
(A) CURRENT LIABILITIES
(B) PROVISIONS
TOTAL (A+B)
NET CURRENT ASSETS
(4) DEFERRED REVENUE/PRE.EXPENDITURE
(5) DEFERRED TAX ASSET
(6) PROFIT & LOSS ACCOUNT (DR)

12050
0
0
305058
317108

12050
0
0
250806
262856

12050
0
0
212092
224142

36102
388
36490
104795
458393

37800
378
38178
47295
348329

36802
234
37036
27648
288826

369073
96425
272648
33117
305765

276776
89140
187636
23982
211618

202922
82882
120040
7747
127787

844

388

388

480974
140413
1114593
0
392770
2128750

350864
110620
747960
0
321545
1530989

257652
99020
484101
0
232091
1072864

2139645
42630
2182275

1529537
39778
1569315

1007726
48657
1056383

-53525

-38326

16481

173023

174649

144170

32286

TOTAL (1)+(2)+(3)+(4)+(5)+(6)
458393
348329
288826
-------------------------------------------------------------------------------2005-06 PROVISIONAL
PAGE NO :319

HINDUSTAN AERONAUTICS LTD.

PROFIT AND LOSS ACCOUNT
(Rs. in Lakhs)
________________________________________________________________________________
PARTICULARS
2005-06
2004-05
2003-04
-------------------------------------------------------------------------------INCOME
-----SALES/OPERATING INCOME
534150
453380
379979
EXCISE DUTY
0
0
0
NET SALES
534150
453380
379979
OTHER INCOME/RECEIPTS
56331
24791
20163
ACCRETION/DEPLETION IN STOCKS
57439
45232
-4348
TOTAL
647920
523403
395794
EXPENDITURE
----------PURCHASE OF FINISHED GOODS/
CONSUMPTION OF RAW MATERIALS
STORES & SPARES
POWER & FUEL
MANUFACTURING/DIRECT/OPERATING EXPENSES
SALARY, WAGES & BENEFITS/EMPLOYEE EXP.
OTHER EXPENSES
PROVISIONS
TOTAL

331349
0
8895
0
83769
63832
19260
507105

268617
0
8293
0
80878
48908
19260
425956

167336
0
8094
0
77325
54036
8968
315759

PROFIT BEFORE DEP,INT,TAXES & EP(PBDITEP)

140815

97447

80035

7731
15654

6516
10889

5721
10018

117430

80042

64296

0
138
4663
0
4801

0
245
4043
0
4288

0
512
3842
0
4354

DEPRECIATION
DRE/PREL EXP WRITTEN OFF
PROFIT BEFORE INT.,TAXES & EP (PBITEP)
INTEREST
-------ON CENTRAL GOVERNMENT LOANS
ON FOREIGN LOANS
OTHERS
LESS INTEREST CAPITALISED
CHARGED TO P & L ACCOUNT

PROFIT BEFORE TAX & EP(PBTEP)

112629
75754
59942
TAX PROVISIONS
35515
25647
18963
NET PROFIT/LOSS(-) BEFORE EP
77114
50107
40979
NET EXTRA-ORD.ITEMS & PRIOR PERIOD ADJUST.
0
0
0
NET PROFIT/LOSS(-)
77114
50107
40979
DIVIDEND DECLARED
20050
10021
8196
DIVIDEND TAX
2812
1371
1050
RETAINED PROFIT
54252
38715
31733
-------------------------------------------------------------------------------2005-06 PROVISIONAL

PAGE NO :320

HINDUSTAN AERONAUTICS LTD.

MANAGEMENT RATIO
-------------------------------------------------------------------------------PARTICULARS
2005-06
2004-05
2003-04
-------------------------------------------------------------------------------GENERAL (RS. IN LAKHS)
---------------------INVESTMENT
CAPITAL EMPLOYED
NET WORTH
COST OF PRODUCTION
COST OF SALES
VALUE ADDED
R AND D EXPENDITURE

48204
219123
144085
535291
477852
251345
43358

48194
149310
88207
447649
402417
221702
30663

48350
136521
79972
335852
340200
200201
30914

29668
23530

29807
22612

30450
21162

328.66
151.17

282.47
131.80

247.50
113.91

PERSONNEL
--------EMPLOYEES(OTHER THAN CASUAL) (NOs)
AVERAGE MONTHLY EMOLUMENTS PER EMPLOYEE (Rs)
INVENTORIES (IN TERMS OF NO. OF DAYS)
-----------------------------------TOTAL INVENTORY : SALES
SEMI/FINISHED GOODS : SALES
FINANCIAL RATIO (%)
------------------SALES : CAPITAL EMPLOYED
243.77
303.65
278.33
MATERIAL COST : COST OF PRODUCTION
61.90
60.01
49.82
MANPOWER COST : COST OF PRODUCTION
15.65
18.07
23.02
COST OF SALES : SALES
89.46
88.76
89.53
PBDITEP : CAPITAL EMPLOYED
64.26
65.26
58.62
PBITEP : CAPITAL EMPLOYED
53.59
53.61
47.10
PBITEP : SALES
21.98
17.65
16.92
PBTEP :NET WORTH
78.17
85.88
74.95
NET PROFIT : NET WORTH
53.52
56.81
51.24
R&D EXPENDITURE : SALES
8.12
6.76
8.14
SUNDRY DEBTORS : SALES (NO. OF DAYS)
95.95
89.06
95.12
-------------------------------------------------------------------------------2005-06 PROVISIONAL

PAGE NO :321