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NOTES 2015 - 20162014 - 2015

Rs. in Lakhs
INCOME
Gross Revenue from Operations 21 1,79,822.40 1,71,508.38
Less : Excise Duty 13,452.48 12,664.24
Net Revenue from Operations 1,66,369.92 1,58,844.14
Other Income 22 577.51 1,772.79
Total Revenue (I) 1,66,947.43 1,60,616.93
EXPENSES
Cost of Materials Consumed 23 68,551.52 75,031.89
Purchase of Stock-in-Trade 24 14,405.96 13,870.52

Changes in inventories of Finished Goods, Work-in-Progress and Stock in trade 24 -1,042.70 -4,632.50

Employee Benefits Expense 25 23,905.40 20,091.55


Depreciation and Amortisation Expense 27 4,836.91 4,847.40
Finance Cost 28 4,814.94 4,557.06
Other Expenses 26 31,668.53 28,895.39
Total Expenses (II) 1,47,165.56 1,42,661.31

Profit before Taxation (I-II) 19,806.86 17,955.62


Tax Expenses
Current Tax 4,308.76 3,908.60
Less: MAT credit entitlement 643.7 415.22

(Add)/Less: MAT credit entitlement/(reversal) in respect of earlier years -6.54 -

Net Current Tax Expense 3,671.60 3,493.38


Deferred Tax -665.65 -533.34
Total Tax Expenses 3,005.95 2,960.04

Profit for the year before minority interest 16,800.91 14,995.58


Minority Interest 80.82 85.47

Profit for the year 16,720.09 14,910.11


Add: Proportionate share of Profit/(Loss) in associates - -13.47

Profit for the year 16,720.09 14,896.64


Earnings per equity share (nominal value of share H1/-)
Basic and Diluted (H) 34 7.53 6.7
2013 - 2014

145,426.63
10,661.06
134,765.57
369.74
###

69,517.25
9,434.34
-670.12
16,123.27
3,871.01
6,034.09
24,539.20
###

6,286.27

1,560.65
1,284.56

276.09
-323.17
-47.08

6,333.35
313.21

6,020.14
6.29

6,026.43

2.71
Values in Rs. Lakhs 2016 2015 2014
Operating Revenue
Gross Revenue from Operations 179,822.40 171,508.38 145,426.63
Less : Excise Duty 13,452.48 12,664.24 10,661.06
Net Revenue from Operations 166,369.92 158,844.14 134,765.57
Cost of Materials Consumed -68,551.52 -75,031.89 -69,517.25
Gross Margin 97,818.40 83,812.25 65,248.32
Operating Expenses
Purchase of Stock-in-Trade 14,405.96 13,870.52 9,434.34
Changes in inventories of Finished Goods, Work-in-
-1,042.70 -4,632.50 -670.12
Progress and Stock in trade
Employee Benefits Expense 23,905.40 20,091.55 16,123.27
Depreciation and Amortisation Expense 4,836.91 4,847.40 3,871.01
Deferred Tax -665.65 -533.34 -323.17
Other Expenses 31,668.53 28,895.39 24,539.20
Operating Income from sales (before tax) 24,709.95 21,273.23 12,273.79
Taxes
Current Tax 4,308.76 3,908.60 1,560.65
Less: MAT credit entitlement -643.70 -415.22 -1,284.56
(Add)/Less: MAT credit entitlement/(reversal) in
6.54 - -
respect of earlier years
Total Tax Expenses -3,671.60 -3,493.38 -276.09
Tax on other operating income (expense) 191.56 559.51 45.18
Tax on financial items (benefit) -1,657.71 -1,522.86 -2,005.05
Operating income from sales (after tax) 19,572.20 16,816.49 10,037.83
Other operating income (Note 22) 553.63 1,617.07 130.58
Tax on other income -191.56 -559.51 -45.18
Operating income 19,934.27 17,874.06 10,123.23
Financial Income
Interest Income (Note 22) 23.88 155.72 239.16
Interest Expense (Note 28) -2,702.98 -3,252.99 -2,964.54
Finance cost (Note 28) -2,111.96 -1,304.07 -3,069.55
Tax effect (Tax benefit) 1,657.71 1,522.86 2,005.05
Net Finance Income after tax -3,133.35 -2,878.48 -3,789.88
-Minority Interest -80.82 -85.47 -313.21
Add: Proportionate share of Profit/(Loss) in associates 0 -13.47 6.29
Comprehensive Income 16,720.10 14,896.64 6,026.43
5% 18%

4% 47%

19% #DIV/0! 25%

73,108.45 62,539.02 52,974.53


0.17 #DIV/0! 0.18

1138.37%

12.2% ### 147.2%


Century Ply Consolidated Balance Sheet (Reformulated)

Net Operating Assets 2016 2015 2014 Net Financial Obligat 2016 2015
Operating Assets
Inventories29749.67 33221.19 30290.13 Financial Assets
Trade Rece 28725.7 26834.53 20886.92 Current In 15 0
Cash and B 3642.06 3735.19 3585.66 Note 20 Bank Depos 243.88 6.33
Tangible A 26046.46 24399.74 31372.53 Short Term 6759.65 6978.73
Intangible 219.37 159.2 268.11 Investment 1.8 2.65
Capital Wo 3922.56 3286.42 2396.87 Long term 8473.22 6253.28
Intangible 15.52 0 0 15493.55 13240.99
Other Curr 2420.92 903.41 1890.75 Financial Obligations
Expenditur 6318.74 0 0 Long term 6407.86 8141.96
Investment 0 36.47 253.71 Note 15 Other Long 470.98 281.42
Deferred T 1370.22 703.34 108.49 Interest A 133.47 153.68
Other Non 0 231.95 263.63 Interest Ac 0 0
102431.2 93511.44 91316.8 Unpaid Div 22.61 14.94
Operating Liabilities 7034.92 8592
Trade Payables NFO -8458.63 -4648.99
Dues to 50.19 3.23 0.65
Dues to 8637.98 6211.95 5990.81 Common Shareholder Equity
Deferred tax 65.8 76.62 39.73 Minority In 902.08 551.88
Short Term 35533.9 38632.21 34992.48 Reserves a 51040.95 36713.24
Short Term 945.65 4282.74 3256.58 Share Capit 2225.27 2225.27
Other Curre11488.03 9463.29 9444.25 Note 10 54168.3 39490.39
56721.55 58670.04 53724.5
NOA 45709.67 34841.4 37592.3 NFO + CSE 45709.67 34841.4
2014

0 Note 16
283.04 Note 20
4708.72
57.64 Note 15
6025.71
11075.11

17765.54
188.03
72.07 Note 10
176.42 Note 10
12.07 Note 10
18214.13
7139.02

1144.95
27083.06
2225.27
30453.28

37592.3
Traditional DuPont Modified DuPont
Ratios 2016 2015 2014 Ratios 2016 2015 2014
NI/Sales 10.05% 9.38% 4.47% Profit Margin 11.98% 11.25% 7.51%
Sales/Total Assets 1.41 1.49 1.32 ATR 3.64 4.56 3.58
Total Assets/Beg. Equity 3.03 3.64 4.00 RNOA 0.44 0.51 0.27
ROE 42.94% 50.83% 23.56% FLEV -0.16 -0.12 0.23
NFA/CSE 0.16 0.12 -0.23
NBC -0.37 -0.62 0.53
RNFA -0.37 -0.62 0.53
ROE 31.0% 38.0% 20.8%