Eastern Coalfields Limited - FINANCIAL POSITION

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FINANCIAL POSITION

OPERATIONAL STATISTICS

SOURCES OF FUNDS			2008	2009	2010	2011	2012
1	(a)	PRODUCTION OF RAW COAL (MILLION TONNE)
		UNDERGROUND	8.32	8.39	8.23	7.37	6.83
		OPENCAST	15.74	19.74	21.83	23.43	23.73
		TOTAL	24.06	28.13	30.06	30.80	30.56
	(b)	OVERBURDEN REMOVAL (MILLION TONNE)	39.98	43.07	49.74	56.25	60.31
2		OFFTAKE (RAW COAL) (MILLION TONNE)
		LOCO	0.00	0.00	0.00	0.00	0.00
		CAPITAL W.I.P.	21.94	23.69	25.22	26.21	24.27
		CEMENT	0.17	0.15	0.15	0.15	0.14
		FERTILIZER	0.00	0.00	0.00	0.00	0.00
		COLLIERY CONSUMPTION	0.42	0.41	0.40	0.38	0.34
		OTHERS	2.91	4.01	3.45	3.00	6.08
		TOTAL	25.44	28.26	29.22	29.74	30.83
3		MANPOWER	94943	90470	85617	81128	78009
4		PRODUCTIVITY (O.M.S)
		UNDERGROUND	0.43	0.46	0.47	0.45	0.44
		OPENCAST	5.04	6.42	7.29	8.14	8.64
		OVERALL	1.07	1.33	1.46	1.60	1.68

BALANCE SHEET AS AT 31ST MARCH 2012

(Rs. in Crores)

SOURCES OF FUNDS	2008	2009	2010	2011	2012
SOURCE OF FUNDS
SHARE CAPITAL	2218.45	2218.45	2218.45	2218.45	2218.45
CONVERSION OF LOAN INTO EQUITY	0.00	0.00	0.00	0.00	0.00
RESERVE AND SURPLUS	-6458.31	-8567.40	-8234.00	-8127.43	-7165.30
INTEREST ACCRUED AND DUE	0.00	0.00	0.00	0.00	0.00
LOAN FUNDS	656.23	689.26	665.52	656.24	670.18
OTHETR NON CURRENT LIABILITIES				11.20	5.51
LONG TERM PROVISIONS	2324.70	3342.90	3634.76	4136.04	4731.93
	-1258.93	-2316.79	-1715.27	-1105.50	460.77
APPLICATION OF FUNDS
FIXED ASSETS:
GROSS BLOCK	5030.21	5217.34	5290.16	5197.08	5389.97
LESS : DEPRECIATION	3789.40	3983.67	4097.59	3988.28	4107.20
NET BLOCK	1240.81	1233.67	1192.57	1208.80	1282.77
CAPITAL W.I.P.	41.34	39.85	64.80	36.91	51.28
INTANGIBLE ASSETS UNDER DEVELOPMENT				11.28	46.22
NON CURRENT INVESTMENTS	0.34	0.31	0.28	0.21	0.18
OTHETR NON CURRENT ASSETS				18.34	17.68
OTHETR LONG TERM LOANS AND ADVANCES				6.57	21.04
CURRENT ASSETS, LOANS & ADVANCES
CURRENT INVESTMENTS				0.03	0.03
INVENTORIES	331.42	323.83	453.36	568.72	622.93
SUNDRY DEBTORS	269.84	338.11	746.79	959.20	2459.37
CASH & BANK BALANCE	664.36	688.98	947.88	940.99	1248.74
OTHER CURRENT ASSETS	42.75	48.35	33.65	65.83	83.28
LOANS AND ADVANCES	138.00	130.33	146.82	77.59	176.23
SUB-TOTAL	1446.37	1529.60	2328.50	2612.36	4590.58
LESS : CURRENT LIABILITIES	3987.79	5120.22	5301.42	4999.97	5548.98
NET CURRENT ASSETS	-2541.42	-3590.62	-2972.92	-2387.61	-958.40
MISC. EXPENDITURE	0.00	0.00	0.00	0.00	0.00
TOTAL	-1258.93	-2316.79	-1715.27	-1105.50	-460.77
NOTE: FIGURES FOR THE YEAR 2010-11 & 2011-2012 ARE AS PER REVISED SCHEDULE VI

PROFIT AND LOSS.
(Excluding Contra Items)
(Rs. in Crore)

PARTICULARS	2007-08	2008-09	2009-10	2010-11	2011-12
SALES (NET OF LEVIES)	3187.61	3837.40	5227.78	5882.60	8262.09
OTHER INCOME	204.53	207.77	348.76	354.37	298.62
ACCRETION / DECRETION	-85.86	-11.90	123.26	112.35	44.67
WORKSHOP JOBS FOR OWN PURPOSE	44.72	44.51	50.48	0.00	0.00
WAIVER OF INTEREST	0.00	0.00	0.00	0.00	0.00
WAIVER OF APEX CHARGES	0.00	0.00	0.00	0.00	0.00
WAIVER OF ELECTRICITY DUTY	0.00	0.00	0.00	0.00	0.00
COAL ISSUED FOR SUNDRY PURPOSES	0.09	0.16	0.01	0.00	0.00
	3351.09	4077.94	5750.29	6349.32	8605.38
EMPLOYEES REMUNERATION & BENEFITS	2597.87	3803.75	3364.35	4042.04	5087.34
ARREAR SALARY & WAGES	163.80	504.89	58.81	0.00	0.00
CONSUMPTION OF STORES & SPARES	427.37	466.61	490.96	539.95	574.22
POWER & FUEL	263.66	259.25	304.79	376.11	382.42
REPAIRS	74.63	70.95	82.82	57.02	61.76
SOCIAL OVERHEAD	229.89	268.09	296.40	180.52	209.40
CONTRACTUAL EXPENSES	210.91	254.87	342.00	410.98	481.42
MISCELLANEOUS EXPENSES	134.69	148.51	160.16	176.44	208.45
DEPRECIATION	147.00	206.86	146.69	184.72	200.90
IMPAIRMENT	21.83	20.96	9.51
INTEREST & FINANCIAL CHARGES	0.29	0.07	0.01	1.01	0.16
OVER BURDEN REMOVAL	80.42	155.86	170.35	164.08	248.19
PROVISIONS	12.47	17.43	-13.55	87.82	188.99
WRITE OFF	0.00	2.76	1.97	22.61
	4364.83	6180.86	5415.27	6242.75	7643.25
PRFIT(+)/LOSS(-) FOR THE YEAR BEFORE PPA	-1013.74	-2102.92	335.02	106.57	962.13
PRIOR PERIOD ADJUSTMENT	-12.92	-2.78	-1.62	0.00	0.00
FRINGE BENEFIT TAX	-3.27	-3.39	0.00	0.00	0.00
PROFIT(+)/LOSS (-) AFTER CPRA.	-1029.93	-2109.09	333.40	106.57	962.13
PROFIT & LOSS UPTO PREVIOUS YEAR	-5143.88	-6458.31	-8567.40	-8234.00	-8127.43
TRANSITIONAL PROVISION	-284.50	00.0	0.00	0.00	0.00
BALANCE CARRIED TO BALANCE SHEET	-6458.31	-8567.40	-8234.00	-8127.43	-7165.30
NOTE: FIGURES FOR THE YEAR 2010-11 & 2011-2012 ARE AS PER REVISED SCHEDULE VI

CAPITAL EMPLOYED, NET WORTH AND FINANCIAL RATIOS.

(Rs. in Crores.)

PARTICULARS	2007-08	2008-09	2009-10	2010-11	2011-12
CAPITAL EMPLOYED	-2318.43	-3526.75	-3135.66	-1320.30	0.00
NET WORTH	-4239.86	-6348.95	-6015.55	-5908.98	-4946.85
NET WORTH AS PER BRPSE PROJECTION	-3382.32	-2839.76	-1968.26	-1050.73	-224.94
LIQUIDITY RATIOS
i) Current Ratio (Current Assets/Current Liabilities)	0.36	0.24	0.35	0.00	0.00
TURNOVER RATIOS
i) Capital Turnover Ratio (Net Sales/Capital Employed)	-1.37	-1.09	-1.67	0.00	0.00
ii) Sundry Debtors (Gross) as Nos. of months:
a). Gross Credit Sales	1.33	1.25	1.61	0.00	0.00
b). Net Credit Sales	1.70	1.58	1.93	0.00	0.00
iii) Stock of coal (Net of Excise Duty) as a No. of months' sale value	0.80	0.62	0.74	0.00	0.00
(Gross Sales = Sales - E-Auction Sales)
iv). Stock of Stores & Spares (Gross) as a No. of months' consmption (Including Stock of Medicine at central Hospital)	4.26	4.00	3.99	3.70	0.00
STRUCTURAL RATIOS
i). Debt : Equity	0.00	0.00	0.00	0.00	0.00
ii). Debt : Net Worth	0.00	0.00	0.00	0.00	0.00
NOTE: FIGURES FOR THE YEAR 2010-11 & 2011-2012 ARE AS PER REVISED SCHEDULE VI

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