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Financial
Results
Audited
financial results for the year ended 31st December 2000
(Rs.
In Lakhs)
| |
|
Particulers |
Year
Ended 31/12/2000
|
Year
Ended 31/12/1999
|
| |
|
1.NeSales (Excluding Graphics Arts Sales) |
66744
|
56842
|
 |
| |
|
Net
sales of Graphics Arts Products |
|
2147
|
|
| |
|
Total Net Sales |
66744
|
58989
|
|
| |
|
Interest |
1046
|
448
|
|
| |
|
2.Other Income |
456
|
243
|
|
| |
|
3.Total Expenditure |
|
|
|
| |
|
a) Increase/Decrese in stock in Trade |
|
|
|
| |
|
b)
Consumtion of Raw Materials/ Finished Goods |
47803
|
43250
|
|
| |
|
c) Staff Cost |
1989
|
1586
|
|
| |
|
d) Other Expenditure |
9895
|
8225
|
|
| |
|
Total
Expenditure |
59687
|
53161
|
|
| |
|
|
|
|
|
| |
|
4. Interest |
312
|
891
|
|
| |
|
5.
Depreciation |
1231
|
740
|
|
| |
|
6.
Profits before Extraordinary Items
|
5970
|
4440
|
| |
| |
|
7. Extraordinary Items: |
|
|
|
| |
|
Consideration
received on Transfer of Intangible Asset |
-
|
(152)
|
|
| |
|
Provision for Contingencies |
-
|
500
|
|
| |
|
8.
Profit after Extraordinary Items |
5970
|
4092
|
|
| |
|
9.
Provision for Taxation |
2560
|
1600
|
|
| |
|
10.
Net Profit after Taxation |
3410
|
2492
|
|
| |
|
|
|
| |
|
11.Paid
up Equity Share Capital ( Face Value Rs 10) |
1119
|
1119
|
|
| |
|
12.
Reserve excluding Revaluation Reserve |
21853
|
19779
|
|
| |
|
13.
Earning per share (Rs.) |
30.49
|
22.27
|
|
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The
above results were taken on record by the Board of Director of the
Company at the Meeting held on 20th February 2001.
NOTES
| 1. |
1. The company has already paid on Interim Dividend
at the rate of Rs. 3.00 per share (including Rs.1.65 per share
as a Special Dividend) in May, 2000.The Directors now recommend
a Final Dividend of Rs.7.00 per share ( Including Rs.3.65 per
share as a Special dividend) for the year ended 31st December,2000.
Accordingly the aggregate Dividend for the ended 31st December,2000
will be Rs. 10 per share ( Including Rs. 5.50 per share as Special
Dividend ), as compared to Rs. 8.00 per share ( including Rs.
3.50 per share as special Dividend ) for the preceding year
ended 31st December,1999. |
| 2. |
2.
Sale for the Year ended 31st December,1999, included sales of
Graphic Arts products aggregating Rs. 2147 lakhs. The business
was hived off on 1st November,1999. Excluding Graphic Arts products,
sales for the year ended 31st December,2000 have increased by
17% corresponding period of the previous year. |
| 3. |
3.
Effective, 1st January,2000. the company has changed the book
depreciation rates respectively for Information, Technology
related assets and Motor Vehicles from 16.21% p.a. and 9.5%p.a.
respectively, to 33.33% p.a. Consequent, an additional charge
of Rs.516.86 lakhs has been taken for the year ended 31st December,
2000. |
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|
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Projected
utilisation of funds v/s actual utilisation
(AS per clause 43 of the listing agreement)
(Rs.
In Lakhs)
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|
Particulers |
Projection
1999-2001
|
Actual
As on December
31.2000
|
|
|
Normal capital expenditure programmes for projects and
infrastructure |
4275
|
1082
|
 |
|
|
Augment
long term resources if the company including working capital
requirements |
3000
|
6202
|
|
|
|
Issue Expenses |
66
|
57
|
|
|
|
Total
|
7341
|
7341
|
|
|
|
|
|
Since
most of the planned capital expansions are volume dependent,
the Company's capital expenditure programme is being planned
in phased manner.
In
addition to reducing the company's short and long-term borrowing,
some amount has been temporarily invested in the Government
Securities and treasury Bills.
KODAK INDIA LIMITED
R.S.Mani
Managing Director
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