PROFIT & LOSS ACCOUNT OF BHEL (FOR THE PERIOD ENDING 31/03/2005)

(2004-05) (2003-04) INCREASE

(Rs. In Lacs) (Rs. In Lacs) IN 2004-05
EARNINGS : ( Lacs)

TURNOVER 952713.54 801903.2 150810.34

OTHER OPEATIONAL INCOME 42004.31 31270.44 10733.87
INTEREST INCOME 13393.45 8095.13 5298.32
OTHER INCOME 10172.14 11911.07 -1738.93
ACCRETION /DECRETION TO INVENTORY 53977.49 -3062.6 57040.09
1072260.93 850117.24 222143.69

OUTGOINGS :

CONSUMPTION OF RAW MATRIALS 489178.66 345152.65 144026.01

CONSUMPTION OF STORES 20589.1 18313 2276.1
ERECTION & ENGG. EXPENSES 77361.82 59445.87 17915.95
EMPLOYEE REMUNEATION & BENEFITS 165037.98 163950.91 1087.07
OTHER EXP. OF MANU., ADM., & SELLING 115995.42 108364.15 7631.27
INTEREST & OTHER BORROWING COSTS 8140.65 6008.05 2132.6
EXCHANGE VARIATION 3194.03 3629.69 -435.66
DEPRECIATION & AMORTISATION 21886.56 19800.11 2086.45
PROVISIONS 10711.04 -278.55 10989.59
912095.26 724385.88 187709.38

PROFIT BEFORE EXTRA-ORDI. & PRIOR PD. 160165.67 125731.36 34434.31

LESS: EXTRA ORDINARY ITEMS 1799.03 22981.24 -21182.21
PROFIT BEFORE PRIOR PERIOD ADJ. 158366.64 102750.12 55616.52
ADD/LESS: PRIOR PERIOD ADJUSTMENT -203.08 -1274.84 1071.76
PROFIT BEFORE TAX 158163.56 101475.28 56688.28
LESS : PROVISION FOR TAX 62823.09 35660.12 27162.97
PROFIT AFTER TAX 95340.47 65815.16 29525.31
ADD: PROFIT B/F FROM LAST YEARS 10668.43 6254.39 4414.04
PROFIT AVAILABLE FOR APPROPRIATION 106008.9 72069.55 33939.35
LESS: APPROPRIATION 82245.09 61724.3 20520.79
BALANACE CARRIED TO BALANCE SHEET 23763.81 10345.25 13418.56
005)
% INCREASE
IN 2004-05

19
34
65
-15
-1862
26

42
12
30
1
7
35
-12
11
-3945
26

27
-92
54
-84
56
76
45
71
47
33
130
BALANCE SHEET OF BHEL AS ON 31/03/2005 (Rs. In Lacs% increas
over 2003
SCHEDULE AS AT AS AT
SOURCES OF FUNDS 31/03/2005 31/03/2004

SHARHOLDERS' FUNDS:
SHARE CAPITAL 1 24476 24476 0
RESERVES & SURPLUS 2 578213.38 602689 505118 529594 14

LOAN FUNDS:
SECURED LOAN 3 50000 50000 0
UNSECURED LOAN 4 3698.29 53698.29 4002.63 54002.63 -8

656388 583597 12

APPLICATION OF FUNDS:
FIXED ASSETS:
GROSS BLOCK 366358.86 350565 5
LESS: DEPRECIATION / AMORTISATION 261934.71 241151 9
NET BLOCK 5 104424.15 109414 -5
ADD: CAPITAL IN PROGRESS 6 9531.8 113956 10855.7 120270 -12

INVESTMENTS 7 895.26 2898.26 -69

DEFERRED TAX ASSETS 51827.9 49851.88 4

CURRENT ASSETS, LOANS & ADVANCES: 8

INVENTORIES 291610.73 210388 39
SUNDRY DEBTORS 597214.22 460848 30
CASH & BANK BALANCES 317786.21 265964 19
OTHER CURRENT ASSETS 4717.63 1350.59 249
LOANS & ADVANCES 9 122969.2 103919 18
TOTAL CURRENT ASSETS ETC 1334298 1042470 28

LESS: CURRENT LIABILITIES:

CREDITORS 209968.04 173797 21
OTHER LIABILITIES 10 502076.64 345894 45
PROVISIONS 11 132544.75 113994 16
TOTAL CURRENT LIABILITIES ETC 844589.43 633685 33
NET CURRENT ASSETS 489709 408784.6 20

MISSCELLANEOUS EXP. (NOT WRITTEN OFF) 0 1792.06 -100

656388 583597 12
 increase
ver 2003-04
PROFIT & LOSS ACCOUNT OF ABC LTD. (FOR THE PERIOD ENDING 31/03/2005)
(2004-05) (2003-04)
(Rs. In Lacs) (Rs. In Lacs)
EARNINGS :

TURNOVER 952714 801903

OTHER OPEATIONAL INCOME 42004 31270
INTEREST INCOME 13393 8095
OTHER INCOME 10172 11911
ACCRETION /DECRETION TO INVENTORY 53977 -3063
1072261 850117

OUTGOINGS :

CONSUMPTION OF RAW MATRIALS 489179 345153

CONSUMPTION OF STORES 20589 18313
ERECTION & ENGG. EXPENSES 77362 59446
EMPLOYEE REMUNEATION & BENEFITS 165038 163951
OTHER EXP. OF MANU., ADM., & SELLING 115995 108364
INTEREST & OTHER BORROWING COSTS 8141 6008
EXCHANGE VARIATION 3194 3630
DEPRECIATION & AMORTISATION 21887 19800
PROVISIONS 10711 -279
912095 724386

PROFIT BEFORE EXTRA-ORDI. & PRIOR PD. 160166 125731

LESS: EXTRA ORDINARY ITEMS 1799 22981
PROFIT BEFORE PRIOR PERIOD ADJ. 158367 102750
ADD/LESS: PRIOR PERIOD ADJUSTMENT -203 -1275
PROFIT BEFORE TAX 158164 101475
LESS : PROVISION FOR TAX 62823 35660
PROFIT AFTER TAX 95340 65815
ADD: PROFIT B/F FROM LAST YEARS 10668 6254
PROFIT AVAILABLE FOR APPROPRIATION 106009 72070
LESS: APPROPRIATION 82245 61724
BALANACE CARRIED TO BALANCE SHEET 23764 10345
BALANCE SHEET OF BHEL AS ON 31/03/2005 (Rs. In Lacs)

AS AT AS AT
SOURCES OF FUNDS 31/03/2005 31/03/2004

SHARHOLDERS' FUNDS:
SHARE CAPITAL 24476 24476
RESERVES & SURPLUS 578213 602689 505118 529594

LOAN FUNDS:
SECURED LOAN 50000 50000
UNSECURED LOAN 3698 53698 4003 54003

656388 583597

APPLICATION OF FUNDS:
FIXED ASSETS:
GROSS BLOCK 366359 350565
LESS: DEPRECIATION / AMORT 261935 241151
NET BLOCK 104424 109414
ADD: CAPITAL IN PROGRESS 9532 113956 10856 120270

INVESTMENTS 895 2898

DEFERRED TAX ASSETS 51828 49852

CURRENT ASSETS, LOANS & ADVANCES:

INVENTORIES 291611 210388
SUNDRY DEBTORS 597214 460848
CASH & BANK BALANCES 317786 265964
OTHER CURRENT ASSETS 4718 1351
LOANS & ADVANCES 122969 103919
TOTAL CURRENT ASSETS ETC 1334298 1042470

LESS: CURRENT LIABILITIES:

CREDITORS 209968 173797
OTHER LIABILITIES 502077 345894
PROVISIONS 132545 113994
TOTAL CURRENT LIABILITIES 844589 633685

NET CURRENT ASSETS 489709 408785

MISSCELLANEOUS EXP. (NOT WRITTEN OF 0 1792

656388 583597