HYUNDAI MOTORS

Profit and loss statement

2009 2008

INCOME:

Sales Turnover 16599.46 11357.33

Excise Duty 1076.91 1238.46

Net Sales 15522.55 10118.87

Other Income 573.51 777.72

Stock Adjustments 312.77 67.49

Total Income 16408.83 10964.08

EXPENDITURE:

Raw Materials 13118.60 8234.49

Power & Fuel Cost 113.09 87.89

Employee Cost 318.49 245.04

Other Manufacturing Expenses 309.29 234.68

Selling and Administration Expenses 1239.34 867.06

Miscellaneous Expenses 103.30 38.57

Less: Pre-operative Expenses Capitalized 0.00 0.00

Total Expenditure 15202.11 9707.73

Operating Profit 1206.72 1256.35

Interest 226.51 75.89

Gross Profit 980.21 1180.46

Depreciation 674.53 461.10

Profit Before Tax 305.68 719.36

Tax 63.31 112.50

Fringe Benefit tax 5.21 5.11

Deferred Tax 41.53 87.63

Reported Net Profit 195.63 514.12

Extraordinary Items 0.07 274.55

Adjusted Net Profit 195.56 239.57

Adjust below Net Profit 0.00 -3.49

P & L Balance brought forward 2157.45 1646.82

Statutory Appropriations 0.00 0.00

Appropriations 152.38 0.00

P & L Balance carried down 2200.70 2157.45

Dividend 121.88 0.00

Preference Dividend 0.00 0.00

Equity Dividend % 15.00 0.00

Earnings Per Share-Unit Curr 215.26 632.73

Earnings Per Share(Adj)-Unit Curr NA NA

Book Value-Unit Curr 3755.72 3731.99

Horizontal analysis

  2009 2008  

INCOME:  
Sales Turnover 16599 11357 46.1563589

Excise Duty 1076.9 1238.5 -13.0444261

Net Sales 15523 10119 53.4020103

Other Income 573.51 777.72 -26.257522

Stock Adjustments 312.77 67.49 363.431619

   
Total Income 16409 10964 49.6598894

   
EXPENDITURE:  
Raw Materials 13119 8234.5 59.3128415

Power & Fuel Cost 113.09 87.89 28.6722039

Employee Cost 318.49 245.04 29.974698

Other Manufacturing 309.29 234.68 31.7922277

Expenses

Selling and 1239.3 867.06 42.9358983

Administration Expenses
 Miscellaneous Expenses 103.3 38.57 167.824734

Less: Pre-operative 0 0  
Expenses Capitalized

   
Total Expenditure 15202 9707.7 56.5979894

   
Operating Profit 1206.7 1256.4 -3.95033231

Interest 226.51 75.89 198.471472

Gross Profit 980.21 1180.5 -16.963726

Depreciation 674.53 461.1 46.2871394

Profit Before Tax 305.68 719.36 -57.5066726

Tax 63.31 112.5 -43.7244444

Fringe Benefit tax 5.21 5.11 1.95694716

Deferred Tax 41.53 87.63 -52.6075545

Reported Net Profit 195.63 514.12 -61.9485723

Extraordinary Items 0.07 274.55 -99.9745037

 Adjusted Net Profit 195.56 239.57 -18.3704137

   
Adjust below Net Profit 0 -3.49 -100

P & L Balance brought 2157.5 1646.8 31.0070317

forward

Statutory Appropriations 0 0  

Appropriations 152.38 0  

P & L Balance carried 2200.7 2157.5 2.00468145

down

   
Dividend 121.88 0  

Preference Dividend 0 0  

Equity Dividend % 15 0  

Earnings Per Share-Unit 215.26 632.73 -65.9791696

Curr
 Earnings Per Share(Adj)- NA NA  
Unit Curr

Book Value-Unit Curr 3755.7 3732 0.63585379

Vertical analysis

  2009
INCOME:
Sales Turnover 16599.46 100
Excise Duty 1076.91 6.487621
Net Sales 15522.55 93.51238
Other Income 573.51 3.454992
Stock Adjustments 312.77 1.884218
 
Total Income 16408.83 98.85159
 
EXPENDITURE:
Raw Materials 13118.6 79.03028
Power & Fuel Cost 113.09 0.681287
Employee Cost 318.49 1.918677
Other Manufacturing Expenses 309.29 1.863253

Selling and Administration Expenses 1239.34 7.466146

Miscellaneous Expenses 103.3 0.622309

Less: Pre-operative Expenses 0 0

Capitalized
  
Total Expenditure 15202.11 91.58196
  0
Operating Profit 1206.72 7.269634
Interest 226.51 1.364562
Gross Profit 980.21 5.905072
Depreciation 674.53 4.063566
Profit Before Tax 305.68 1.841506
Tax 63.31 0.381398
Fringe Benefit tax 5.21 0.031387
Deferred Tax 41.53 0.250189
Reported Net Profit 195.63 1.178532
Extraordinary Items 0.07 0.000422
Adjusted Net Profit 195.56 1.178111

Trend analysis

2009 2008 2007 2005

2006 2004 2003 2002 2001 2000
INCOME :
Sales 16599.46 11357.3 9915.88 8450.94 7351.90 5713.7 3955.86 3395.23 2994.12 2319.6
Turnover 3 4 9
Excise Duty 1076.91 1238.46 1153.39 1111.80 1046.00 913.26 870.72 785.26 791.65 648.21
Net Sales 15522.55 10118.8 8762.49 7339.14 6305.90 4800.4 3085.14 2609.97 2202.47 1671.4
7 8 8
Other 573.51 777.72 356.86 470.49 349.13 191.87 104.60 71.19 53.59 26.38
Income
Stock 312.77 67.49 252.22 62.99 97.77 33.96 -3.60 43.40 3.47 10.36
Adjustments

Total 16408.83 10964.0 9371.57 7872.62 6752.80 5026.3 3186.14 2724.56 2259.53 1708.2
Income 8 1 2

EXPENDITUR
E:
Raw 13118.60 8234.49 6941.66 5678.32 4931.09 3531.8 2191.16 1849.59 1582.83 1247.0
Materials 6 3
Power & 113.09 87.89 68.68 63.86 56.53 42.20 36.75 29.24 26.02 22.60
Fuel Cost
Employee 318.49 245.04 188.64 161.36 133.26 106.83 89.18 58.72 45.29 31.91
Cost
Other 309.29 234.68 236.97 217.43 163.89 92.71 54.99 51.82 50.11 43.13
Manufacturing
Expenses
 Selling and 1239.34 867.06 796.48 628.62 562.12 373.96 317.02 151.52 109.17 56.68
Administration
Expenses
103.30 38.57 51.28 19.79 31.58 113.37 54.99 56.00 56.52 57.22
Miscellaneous
Expenses
Less: Pre- 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
operative
Expenses
Capitalised

Total 15202.11 9707.73 8283.71 6769.38 5878.47 4260.9 2744.09 2196.89 1869.94 1458.5
Expenditure 3 7

Operating 1206.72 1256.35 1087.86 1103.24 874.33 765.38 442.05 527.67 389.59 249.65
Profit
Interest 226.51 75.89 14.06 3.35 13.21 14.71 16.82 32.81 59.38 68.43

Gross Profit 980.21 1180.46 1073.80 1099.89 861.12 750.67 425.23 494.86 330.21 181.22

674.53 461.1 358.95 295.0 250.01 178. 168.0 198. 142.2 113.
Depreciati 0 1 55 2 16 5 61
on
Profit 305.68 719.3 714.85 804.8 611.11 572. 257.2 296. 187.9 67.6
Before Tax 6 8 12 1 70 6 1
Tax 63.31 112.5 273.60 316.8 144.75 190. 84.75 22.0 16.00 8.27
0 2 05 9
Fringe 5.21 5.11 3.46 4.42 0.00 0.00 0.00 0.00 0.00 0.00
Benefit tax
41.53 87.63 -28.95 - 59.44 3.22 7.71 0.00 0.00 0.00
Deferred 41.46
Tax
195.63 514.1 466.74 525.1 406.92 378. 164.7 274. 171.9 59.3
Reported 2 0 85 5 61 6 4
Net Profit
0.07 274.5 -0.93 0.10 -0.04 0.03 0.95 1.19 0.11 -
Extraordin 5 0.28
ary Items
195.56 239.5 467.67 525.0 406.96 378. 163.8 273. 171.8 59.6
Adjusted 7 0 82 0 42 5 2
Net Profit

Adjst. 0.00 -3.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
below Net
Profit
P&L 2157.45 1646. 1180.08 654.9 407.43 0.00 0.00 0.00 0.00 0.00
Balance 82 8
brought
forward
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Statutory
Appropria
tions
152.38 0.00 0.00 0.00 159.37 378. 164.7 274. 171.9 59.3
Appropria 85 5 61 6 4
tions
P&L 2200.70 2157. 1646.82 1180. 654.98 0.00 0.00 0.00 0.00 0.00
Balance 45 08
carried
down

121.88 0.00 0.00 0.00 121.88 121. 121.8 121. 0.00 0.00
Dividend 88 8 88
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Preferenc
e Dividend
Equity 15.00 0.00 0.00 0.00 15.00 15.0 15.00 15.0 0.00 0.00
Dividend 0 0
%
215.26 632.7 574.42 646.2 479.77 446. 202.7 337. 211.6 73.0
Earnings 3 5 65 6 96 3 3
Per Share-
Unit Curr
NA NA NA NA NA NA NA NA NA NA
Earnings
Per
Share(Adj)
-Unit Curr
Book 3755.72 3731. 3103.55 2529. 1882.89 155 1256. 1405 1216. 1004
Value-Unit 99 13 3.12 47 .64 44 .81
Curr

Balance sheet

200903 200803

SOURCES OF FUNDS:
Share Capital 812.54 812.54
 Reserves Total 2239.13 2219.85

Equity Share Warrants 0.00 0.00

Equity Application Money 0.00 0.00

Total Shareholders Funds 3051.67 3032.39

Secured Loans 0.00 0.00

Unsecured Loans 4222.92 3104.72

Total Debt 4222.92 3104.72

Total Liabilities 7274.59 6137.11

APPLICATION FUNDS:
Gross Block 7560.52 5619.19

Less : Accumulated Depreciation 2844.16 2178.69

Less: Impairment of Assets 0.00 0.00

Net Block 4716.36 3440.50

Lease Adjustment 0.00 0.00

Capital Work in Progress 172.10 1241.17

Producing Properties 0.00 0.00

Investments 134.96 63.16

Current Assets, Loans and Advances

Inventories 2126.47 1532.24

Sundry Debtors 1915.04 842.99

Cash and Bank 561.94 661.60

Loans and Advances 1141.31 862.67

Total Current Assets 5744.76 3899.50

Less : Current Liabilities and Provisions

Current Liabilities 2821.44 2090.68

Provisions 387.11 173.03

 Total Current Liabilities 3208.55 2263.71

Net Current Assets 2536.21 1635.79

Miscellaneous Expenses not written off 0.00 0.00

Deferred Tax Assets 21.77 15.31

Deferred Tax Liability 306.81 258.82

Net Deferred Tax -285.04 -243.51

Total Assets 7274.59 6137.11

Contingent Liabilities 120.57 88.70

Horizontal analysis

  200903 200803
SOURCES OF FUNDS:
Share Capital 812.54 812.54 0

Reserves Total 2239.1 2219.9 0.868527

Equity Share Warrants 0 0

Equity Application 0 0
Money

Total Shareholders 3051.7 3032.4 0.635802

Funds

Secured Loans 0 0

Unsecured Loans 4222.9 3104.7 36.01613

 Total Debt 4222.9 3104.7 36.01613

Total Liabilities 7274.6 6137.1 18.53446

APPLICATION FUNDS:    

Gross Block 7560.5 5619.2 34.54822

Less : Accumulated 2844.2 2178.7 30.5445

Depreciation

Less: Impairment of 0 0
Assets

Net Block 4716.4 3440.5 37.08356

Lease Adjustment 0 0

Capital Work in 172.1 1241.2 -86.1341

Progress

Producing Properties 0 0

Investments 134.96 63.16 113.6795

Current Assets, Loans and Advances

Inventories 2126.5 1532.2 38.78178

Sundry Debtors 1915 842.99 127.1723

Cash and Bank 561.94 661.6 -15.0635

 Loans and Advances 1141.3 862.67 32.29972

Total Current Assets 5744.8 3899.5 47.32043

Less : Current Liabilities and Provisions

Current Liabilities 2821.4 2090.7 34.95322

Provisions 387.11 173.03 123.7242

Total Current Liabilities 3208.6 2263.7 41.73856

Net Current Assets 2536.2 1635.8 55.04496

Miscellaneous Expenses 0 0
not written off

Deferred Tax Assets 21.77 15.31 42.19464

Deferred Tax Liability 306.81 258.82 18.54184

Net Deferred Tax -285 -243.5 17.05474

Total Assets 7274.6 6137.1 18.53446

Contingent Liabilities 120.57 88.7 35.9301

Vertical analysis

SOURCES OF FUNDS:
Share Capital 812.54 11.1695642

Reserves Total 2239.13 30.78015393

Equity Share Warrants 0 0

Equity Application Money 0 0

Total Shareholders Funds 3051.67 41.94971813

Secured Loans 0 0

Unsecured Loans 4222.92 58.05028187

Total Debt 4222.92 58.05028187

Total Liabilities 7274.59 100

APPLICATION FUNDS:  

Gross Block 7560.52 103.9305308

Less : Accumulated 2844.16 39.09718623

Depreciation

Less: Impairment of Assets 0 0

Net Block 4716.36 64.83334456

Lease Adjustment 0 0

Capital Work in Progress 172.1 2.365769067

Producing Properties 0 0

Investments 134.96 1.855224831

Current Assets, Loans and Advances

Inventories 2126.47 29.23147559

 Sundry Debtors 1915.04 26.32505749

Cash and Bank 561.94 7.724696512

Loans and Advances 1141.31 15.68899416

Total Current Assets 5744.76 78.97022375

Less : Current Liabilities and Provisions

Current Liabilities 2821.44 38.78486623

Provisions 387.11 5.321399557

Total Current Liabilities 3208.55 44.10626578

Net Current Assets 2536.21 34.86395797

Miscellaneous Expenses not 0 0

written off

Deferred Tax Assets 21.77 0.299260852

Deferred Tax Liability 306.81 4.217557278

Net Deferred Tax -285.04 -3.918296426

Total Assets 7274.59 100

Contingent Liabilities 120.57 1.657412995

Trend analysis

2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
03 03 03 03 03 03 03 03 03 03
SOURCES OF FUNDS :
Share Capital 812. 812. 812. 812. 812. 812. 812. 812. 812. 812.
54 54 54 54 54 54 54 54 54 54
Reserves Total 2239 2219 1709 1242 717. 449. 208. 329. 175. 3.91
.13 .85 .22 .48 38 43 39 60 87
Equity Share Warrants 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Equity Application Money 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Shareholders Funds 3051 3032 2521 2055 1529 1261 1020 1142 988. 816.
.67 .39 .76 .02 .92 .97 .93 .14 41 45
Secured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 34.9 105.
7 00
Unsecured Loans 4222 3104 1889 521. 418. 596. 571. 617. 647. 672.
.92 .72 .67 95 09 33 54 82 44 64
Total Debt 4222 3104 1889 521. 418. 596. 571. 617. 682. 777.
.92 .72 .67 95 09 33 54 82 41 64

Total Liabilities 7274 6137 4411 2576 1948 1858 1592 1759 1670 1594
.59 .11 .43 .97 .01 .30 .47 .96 .82 .09

APPLICATION OF FUNDS :
Gross Block 7560 5619 3470 3107 2759 2548 1926 1695 1620 1532
.52 .19 .53 .57 .27 .84 .18 .92 .36 .84
Less : Accumulated 2844 2178 1721 1371 1079 839. 662. 496. 299. 160.
Depreciation .16 .69 .90 .42 .03 00 55 81 22 02
Less:Impairment of 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Assets
Net Block 4716 3440 1748 1736 1680 1709 1263 1199 1321 1372
.36 .50 .63 .15 .24 .84 .63 .11 .14 .82
Lease Adjustment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital Work in Progress 172. 1241 1809 167. 14.6 0.00 0.00 0.00 0.00 0.00
10 .17 .40 21 7
Producing Properties 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 134. 63.1 19.5 0.00 0.00 11.7 11.9 169. 109. 0.00
96 6 0 3 0 07 90
Current Assets, Loans &
Advances
Inventories 2126 1532 1280 741. 634. 466. 253. 254. 195. 195.
.47 .24 .59 54 15 90 98 78 84 77
Sundry Debtors 1915 842. 431. 224. 306. 114. 54.7 101. 19.7 2.06
 .04 99 06 88 34 76 9 27 1
Cash and Bank 561. 661. 240. 535. 146. 543. 548. 384. 170. 153.
94 60 29 10 32 92 51 95 64 91
Loans and Advances 1141 862. 1287 949. 788. 163. 85.7 88.4 126. 78.4
.31 67 .99 21 45 36 1 1 14 9
Total Current Assets 5744 3899 3239 2450 1875 1288 942. 829. 512. 430.
.76 .50 .93 .73 .26 .94 99 41 33 23
Less : Current Liabilities
and Provisions
Current Liabilities 2821 2090 1365 959. 798. 760. 416. 272. 208. 178.
.44 .68 .13 62 14 49 16 80 82 37
Provisions 387. 173. 883. 630. 595. 223. 38.0 164. 65.0 34.9
11 03 22 87 93 06 9 83 2 7
Total Current Liabilities 3208 2263 2248 1590 1394 983. 454. 437. 273. 213.
.55 .71 .35 .49 .07 55 25 63 84 34
Net Current Assets 2536 1635 991. 860. 481. 305. 488. 391. 238. 216.
.21 .79 58 24 19 39 74 78 49 89
Miscellaneous Expenses 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.29 4.38
not written off
Deferred Tax Assets 21.7 15.3 13.1 18.1 14.8 17.6 0.91 0.00 0.00 0.00
7 1 4 9 3 0
Deferred Tax Liability 306. 258. 170. 204. 242. 186. 172. 0.00 0.00 0.00
81 82 82 82 92 26 71
Net Deferred Tax - - - - - - - 0.00 0.00 0.00
285. 243. 157. 186. 228. 168. 171.
04 51 68 63 09 66 80

Total Assets 7274 6137 4411 2576 1948 1858 1592 1759 1670 1594
.59 .11 .43 .97 .01 .30 .47 .96 .82 .09

Contingent Liabilities 120. 88.7 69.3 74.0 49.9 115. 0.00 13.0 0.00 0.00
57 0 5 7 6 45 8

Ratio analysis