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Cashflow Blank Template
Cashflow Blank Template
Check
diff.
-532.10 3 Depreciation that was added above gets deducted from here
12.50 4 For all assets consider prev year value minus curr year value
3
-2.40
510.60
-8.00
0.00 5 For all liabilities consider curr year value minus prev year value
-1119.10
1.00
-1477.55
-785.50
74.55 6 All pending balance sheet items and the reserves and surplus adjustment
-3306.61
3,376.70
782.79
4,159.49 0.00 0.00
d surplus adjustment
Cement Sector Company (Consolidated
Income Statement (Amt in Millions)
Particulars Mar-15 Mar-16
Sales
Sale of Products and Services (Gross) 23383 18957
Less: Excise Duty 3271 2675.7
Sale of Products and Services (Net) 20112.00 16281.30
Other Operating Revenues 330.80 202.20
Net Sales 20442.80 16483.50
growth % -19.37%
Expenditure
Cost of Material Consumed 4438.30 3427.80
as % of sales 21.71% 20.80%
Change in inventories of finished goods, work-in-progress -277.20 -93.40
as % of sales -1.36% -0.57%
Employees Expenses 1337.70 1050.20
as % of sales 6.54% 6.37%
Freight and Forwarding Expense 2742.80 2323.60
as % of sales 13.42% 14.10%
Power & Fuel 5624.10 4520.40
as % of sales 27.51% 27.42%
Other Expenses 3356.00 2943.20
as % of sales 16.42% 17.86%
Total Expenditure 17221.70 14171.80
as % of sales 84.24% 85.98%
Assumptions ( All assumptions are according to the Earnings Call transcripts & Survey rep
1) Post FY21, the demand of Cement Industry would increse by 8%.
2) Capacity Utilization was 87% at the end of FY20
SOURCES OF FUNDS:
Share Capital 2,266.2 2,266.2 2,266.2 2,266.2
Other Equity 6,403.2 6,683.1 7,403.3 8,197.8
Net Worth 8669.40 8949.30 9669.50 10464.00
Minority Interest
Non-Current Liabilities
Financial Liabilities
-Long-term borrowings 9248.90 6708.60 5751.90 4692.30
-Other Financial Liabilities 29.3 30.2 62.0 53.8
Lease Liability 0.0 0.0 0.0 0.0
Long-term provisions 201.8 191.6 217.1 196.0
Deferred Tax Liabilities (Net) 471.1 419.4 530.0 835.0
Other Non-Current Liabilities - Government Grants 0.0 124.8 328.1 511.8
Total 9951.10 7474.60 6889.10 6288.90
Current Liabilities
Financial Liabilities
-Short-term borrowings 0.00 700.00 0.00 0.00
-Trade payables 1909.9 1859.6 1914.1 2266.3
-Other Financial Liabilities 5081.4 4609.1 2820 3121.6
Other current liabilities 443.8 460.3 562.8 896
Short-term provisions 1908.4 2072.4 2161.1 2188.6
Government Grants 0 20.8 59.8 102.8
Total 9343.50 9722.20 7517.80 8575.30
APPLICATION OF FUNDS
Non-Current Assets
Property, Plant and Equipment 17,864.4 18,975.0 18,744.2 18,043.8
Right of Use of Asset 0.0 0.0 0.0 0.0
Capital Work-in-Progress 1274.20 560.50 62.90 80.70
Intangible Assets 49.7 36.9 26.5 16.5
Intangible Assets under Development 0.0 0.0 0.0 0.0
Total Non-Current Assets 19188.30 19572.40 18833.60 18141.00
Financial Assets
-Investments 0.00 0.00 0.00 0.00
-Loans 319.10 356.60 273.00 284.90
-Other Financial Assets 1033.70 274.60 0.00 0.00
Total Financial Assets 1352.80 631.20 273.00 284.90
Current Assets
Inventories 1910 1782.1 1396.4 1268.9
Financial Assets
-Current Investment 0.0 0.0 0.0 0.0
-Trade receivables 191.4 257.6 125.6 188.0
-Cash and Cash Equivalents 1,462.4 77.7 142.0 2,124.1
-Derivatives Instruments 862.9 808.1 186.5 0.0
-Bank Balances other than Cash and Cash Equivalents 0.0 0.0 0.0 0.0
-Short-term loans and advances 26.4 28.2 101.6 106.9
-Other Financial Assets 11.0 19.4 7.7 19.1
Sub total 2554.10 1191.00 563.40 2438.10
Other Current Assets 2565.40 2644.1 2699.00 2901.20
Assets held for Disposal 0.00 0.0 0.00 0.00
Total Current Assets 7029.50 5617.20 4658.80 6608.20
2266.20 2266.20
9445.70 10880.20
11711.90 13146.40
3918.20 2800.60
41.20 39.70
0.00 76.70
197.30 167.20
1303.30 1902.60
650.00 504.70
6110.00 5491.50
0.00 0.00
2778.20 2584.20
3045.40 3270.20
822.30 618.70
2342.20 2672.00
145.30 145.30
9133.40 9290.40
26955.30 27928.30
17362.70 16808.70
0.00 119.30
172.40 159.90
5.70 2.30
0.00 0.00
17540.80 17090.20
0.00 0.00
285.30 287.70
0.00 0.00
285.30 287.70
0.00 0.00
254.90 309.10
18081.00 17687.00
1674.20 1457.60
0.00 0.00
253.20 256.70
3376.70 4697.40
0.00 0.00
0.00 8.80
145.30 138.20
27.00 670.90
3802.20 5772.00
3397.90 3011.70
0.00 0.00
8874.30 10241.30
26955.30 27928.30
0.00 0.00
Cement Sector Company (Consolidated Data)
Income Statement (Amt in crore)
Particulars Q1 2019-20 Q2 2019-20
Total Sales Volume (Mnt)
Domestic Sales (MnT)
Sales
Sale of Products and Services (Gross) 5824.4 5195.1
Less: Excise Duty
Sale of Products and Services (Net) 5824.40 5195.10
Other Operating Revenues 67.90 26.50
Net Sales 5892.30 5221.60
growth % 8.44% -11.38%
Expenditure
Cost of Material Consumed 1056.50 901.50
as % of sales 17.93% 17.26%
Change in inventories of finished goods, work-in-progress 73.00 108.30
as % of sales 1.24% 2.07%
Employees Expenses 314.50 310.50
as % of sales 5.34% 5.95%
Freight and Forwarding Expense 796.90 656.80
as % of sales 13.52% 12.58%
Power & Fuel 1215.20 1144.90
as % of sales 20.62% 21.93%
Other Expenses 859.60 871.50
as % of sales 14.59% 16.69%
Total Expenditure 4315.70 3993.50
as % of sales 73.24% 76.48%
-5.10 -11.60
640.80 651.30 489.40
2015 % 2016
Sale of Cement 23225.10 97.37% 18769.50
Sale of Clinker 157.90 0.66% 187.50
Sale Of Service 0.00 0.00% 0.00
VAT Incentive 226.20 0.95% 151.90
Scrap Sales 58.40 0.24% 35.10
Provisions no longer Req written back 33.40 0.14% 69.60
Misc Income 12.80 0.05% 15.40
Revenue From Operations 23713.80 99.42% 19229.00
2015 % 2016
Cost of Raw Materials Consumed 4438.30 22.21% 3427.80
Increase in Inventories of FG & WIP -277.20 -1.39% -93.40
2015 % 2016
Salary, Wages & Bonus 1142.30 5.72% 913.60
Contribution to PF 73.00 0.37% 59.90
Gratuity 56.30 0.28% 37.80
Staff Welfare Expenses 66.10 0.33% 45.00
Employee Benefit Expense 1337.70 6.69% 1056.30
2015 % 2016
Consumption of Stores & Spares 744.30 3.72% 661.80
Freight & Forwarding 2742.80 13.72% 2323.60
(Increase)/Decrease of Excise Duty -8.10 -0.04% 30.00
Power & Fuel 5624.10 28.14% 4520.40
Rent 29.10 0.15% 28.20
Repairs & Maintenance 267.40 1.34% 260.60
Insurance 22.10 0.11% 12.80
Rates & Taxes 622.20 3.11% 589.30
Travelling Expenses 106.80 0.53% 67.00
Directors Fees 1.50 0.01% 1.70
Payment to Auditor 15.50 0.08% 13.70
Legal & Professional Expenses 34.30 0.17% 30.30
Technical know how fees 212.50 1.06% 170.00
Printing & Stationery 12.90 0.06% 9.40
Communication Expenses 38.90 0.19% 78.60
Advertisement 150.90 0.76% 153.20
Commission on Sale 788.60 3.95% 607.10
Cement Handling Expenses 110.60 0.55% 96.70
Fixed Asset W/off 5.40 0.03% 2.60
Sundry Balances W/Off 6.30 0.03% 1.10
Forex Losses 0.10 0.00% 0.40
CSR Expenses 0.00 0.00% 10.30
Miscelleous Expenses 194.70 0.97% 116.80
Other Expenses 11722.90 58.65% 9785.60
2015 % 2016
Depreciation 1362.70 6.82% 926.20
Amortization 12.70 0.06% 13.80
Depreciation & Amortization 1375.40 6.88% 940.00
2015 % 2016
Interest:
On Borrowings 1282.90 6.42% 1007.30
Others 68.50 0.34% 62.20
Changes in Discount Rate 0.00 0.00% 3.30
Bank Charges & commission 37.90 0.19% 11.70
Finance Costs 1389.30 6.95% 1084.50
costs of petcoke, a major input for cement and diesel, used for transportation of ceme
oil prices. Lower raw material and freight costs may lower the cost o
costs of petcoke, a major input for cement and diesel, used for transportation of ceme
oil prices. Lower raw material and freight costs may lower the cost o
d till 2nd Quarter of 2020. Post Lockdown Demand is likely to increase upto
ICR Survey Reports given by Cemnet.
an Exemption in VAT/SGST of 75% on purchases till 2023.