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Showing posts with label Asian Paints. Show all posts
Showing posts with label Asian Paints. Show all posts

Thursday, June 30, 2011

Annual Report - Asian Paints - 2010-2011


ASIAN PAINTS LIMITED

ANNUAL REPORT 2010-2011

DIRECTOR'S REPORT

Dear Members,

Your Directors have pleasure in presenting the 65th Annual Report of your
Company and the Audited Accounts for the financial year ended 31st March,
2011.

FINANCIAL RESULTS
(Rs. in Crores)

Asian Paints Limited Asian Paints Limited
Group
Consolidated
2010-11 2009-10 Growth 2010-11 2009-10 Growth
(%) (%)
Sales and Operating
Income (Net) 6322.24 5125.08 23.4 7706.24 6680.94 15.3

Operating Profit 1232.66 1153.71 6.8 1395.60 1367.90 2.0

Less: Interest 15.35 13.76 22.23 28.47

Less: Depreciation 94.48 60.74 113.13 83.56

Profit before Tax &
exceptional item 1122.83 1079.21 4.0 1260.24 1255.87 0.3

Add/(Less):
Exceptional item - 25.46 - - 1.15

Profit before Tax 1122.83 1104.67 1.6 1260.24 1257.02 0.3

Less: Provision
for Taxes 347.68 330.17 378.89 373.11

Profit After Tax 775.15 774.50 0.1 881.35 883.91 (0.3)

Less: Minority interest - - - 38.11 48.27

Net Profit attributable
to shareholders of the
Company 775.15 774.50 0.1 843.24 835.64 0.9

Add: Balance brought
forward from the
previous year 600.00 230.00 600.00 230.00

DISPOSABLE PROFIT 1375.15 1004.50 1443.24 1065.64

That the Directors
recommend for
appropriation as under:

Dividend - Interim 81.53 81.53 81.53 81.53

- Final 225.41 177.45 225.41 177.45

Tax on Dividend 50.11 43.33 50.11 43.33

Transfer to General
Reserve 418.10 102.19 486.19 163.33

Balance carried forward
to Balance Sheet 600.00 600.00 600.00 600.00