Atul Ltd 2009-10

Corporate Identity Serving Diverse Industries Purpose and Values Overview by the Chairman Operational Highlights Financial Analysis Research and Technology Safety, HealthandEnvironment Serving the Society Directors’ Report Management Discussion andAnalysis Report on Corporate Governance Financial Statements (Rs crores) Particulars Schedule 2009-10 2008-09 INCOME Gross sales 1,249.82 1,271.44 Less: Excise duty 57.84 69.17 Net sales 1,191.98 1,202.27 Operating income 9 31.75 32.13 Sales and operating income 1,223.73 1,234.40 Other income 10 5.38 4.63 1,229.11 1,239.03 EXPENDITURE Cost of goods sold and materials consumed 11 674.75 691.63 Manufacturing expenditure 12 181.88 174.59 Employees' emoluments 13 106.12 94.68 Interest and finance charges 14 25.63 41.41 Others 15 115.55 109.67 Exchange rate difference 8.86 44.89 Depreciation and amortisation 39.20 33.65 Amortisation of leasehold land 0.28 0.28 39.48 33.93 Less: Amount withdrawn from revaluation reserve 2.06 2.06 37.42 31.87 1,150.21 1,188.74 Profit before tax 78.90 50.29 Provision for tax Current tax 22.29 7.66 Deferred tax 4.85 1.63 Wealth tax 0.10 0.10 Fringe benefit tax - 0.82 27.24 10.21 PROFIT FOR THE YEAR 51.66 40.08 Minority interest 0.08 - PROFIT available for appropriation 51.58 40.08 Add: Tax adjustments relating to earlier years Income tax and wealth tax 0.04 1.11 Additional MAT entitlement for the earlier years 3.89 1.19 55.51 42.38 As per last account 229.22 201.04 284.73 243.42 Appropriations General reserve 5.68 3.79 Proposed dividend 11.87 8.90 Corporate dividend tax on above 1.97 1.51 13.84 10.41 Balance carried to Balance Sheet 265.21 229.22 Basic | diluted Earning per Share (see Note 9) Rs 18.71 Rs 14.29 Notes forming part of the Accounts 16 Consolidated Profit and Loss Account for the year ended March 31, 2010 As per our attached report of even date For and on behalf of the Board of Directors For Dalal and Shah Firm Registration No 102020W G S Patel Sunil S Lalbhai Chartered Accountants B S Mehta Chairman and Managing H S Shah Director S M Datta S Venkatesh R A Shah Partner T R Gopi Kannan V S Rangan Samveg A Lalbhai Membership No 037942 President, Finance and B N Mohanan Managing Director Mumbai Company Secretary Directors Mumbai July 19, 2010 July 19, 2010