------------------ in Rs. Cr.

Consolidated Balance Sheet ----------------of ACC

-Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

12 mths

12 mths

12 mths

12 mths

12 mths

Sources Of Funds
Total Share Capital

187.95

187.94

187.88

187.83

187.48

Equity Share Capital

187.95

187.94

187.88

187.83

187.48

Share Application Money

0.08

0.1

0.28

Preference Share Capital

Init. Contribution Settler

Preference Share Application
Money

Employee Stock Opiton

Reserves
Revaluation Reserves
Networth
Secured Loans
Unsecured Loans
Total Debt
Minority Interest
Policy Holders Funds
Group Share in Joint Venture

6,092.78

5,681.92

4,636.37

3,974.44

2,977.01

6,280.73

5,869.94

4,824.25

4,162.37

3,164.77

518.05

550

450

266.03

726.88

5.91

16.92

32.03

48.67

56.33

523.96

566.92

482.03

314.7

783.21

2.42

2.4

2.45

8.05

7.86

6,804.69

6,436.86

5,306.28

4,477.07

3,947.98

Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

12 mths

12 mths

12 mths

12 mths

12 mths

Application Of Funds
Gross Block

8,458.13

7,165.02

6,113.99

5,592.34

4,944.69

Less: Accum. Depreciation

3,151.49

2,786.59

2,453.60

2,199.25

1,961.75

Net Block

5,306.64

4,378.43

3,660.39

3,393.09

2,982.94

Capital Work in Progress

1,564.15

2,157.47

1,611.40

645.28

551.51

Investments

Total Liabilities

1,406.86

1,192.11

516.88

790.62

475.7

Inventories

925.9

786.09

799.34

741.72

653.94

Sundry Debtors

249.4

273.92

357.85

305.83

229.03

Cash and Bank Balance

98.03

98.79

94.69

80.36

154.8

Total Current Assets

1,273.33

1,158.80

1,251.88

1,127.91

1,037.77

Loans and Advances

676.09

666.93

688.96

548.48

560.27

Fixed Deposits

987.53

655.63

896.79

666.05

467.69

Total CA, Loans & Advances

Deffered Credit

2,936.95

2,481.36

2,837.63

2,342.44

2,065.73

Current Liabilities

2,754.70

2,678.20

2,353.19

2,019.20

1,616.50

Provisions

1,653.46

1,092.88

965.51

668.52

504.54

Total CL & Provisions

4,408.16

3,771.08

3,318.70

2,687.72

2,121.04

Net Current Assets

-1,471.21

-1,289.72

-481.07

-345.28

-55.31

Minority Interest
Group Share in Joint Venture

0.01

Miscellaneous Expenses

0.66

0.97

1.13

1.41

6,807.10

6,439.26

5,308.73

4,485.12

3,955.84

Contingent Liabilities

481.12

183.63

182.97

902.61

343.68

Book Value (Rs)

334.53

312.66

257.04

221.84

168.97

Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

12 mths

12 mths

12 mths

12 mths

12 mths

9,144.81

9,252.18

8,697.89

7,931.36

6,514.11

Total Assets

ACC
Consolidated Profit & Loss
account

Income
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments

Previous
Years
------------------ in Rs. Cr.
------------------

955.6

781.58

1,071.50

977.8

739.78

8,189.21

8,470.60

7,626.39

6,953.56

5,774.33

209.85

139.8

240.09

351.16

281.59

54.22

28.74

-1.96

4.48

-33.27

Total Income

8,453.28

8,639.14

7,864.52

7,309.20

6,022.65

Expenditure
Raw Materials

1,882.35

1,546.84

1,445.88

1,873.93

1,531.68

Power & Fuel Cost

1,610.21

1,550.87

1,611.81

521.57

437.45

498.19

401.2

446.37

356.55

322.53

544.93

428.51

370.63

344.56

259.54

1,702.88

1,717.41

1,624.69

1,623.10

1,321.70

418.78

304.53

414.65

274.51

151.54

-36.6

-1.72

6,620.74

5,949.36

5,912.31

4,994.22

4,024.44

Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

12 mths

12 mths

12 mths

12 mths

12 mths

Employee Cost
Other Manufacturing
Expenses
Selling and Admin Expenses
Miscellaneous Expenses
Preoperative Exp Capitalised
Total Expenses

Operating Profit

1,622.69

2,549.98

1,712.12

1,963.82

1,716.62

PBDIT

1,832.54

2,689.78

1,952.21

2,314.98

1,998.21

94.53

84.36

39.98

74.38

79.21

1,738.01

2,605.42

1,912.23

2,240.60

1,919.00

Interest
PBDT
Depreciation

427.72

373.13

320.53

313.02

260.95

Other Written Off

1.92

1.53

1.59

6.14

Profit Before Tax

1,310.29

2,230.37

1,590.17

1,925.99

1,651.91

Extra-ordinary items
PBT (Post Extra-ord Items)
Tax
Reported Net Profit

188.02

21.54

35.39

-30.16

-20.58

1,498.31

2,251.91

1,625.56

1,895.83

1,631.33

423.33

688.06

525.96

468.09

375

1,074.05

1,563.85

1,099.62

1,427.53

1,240.43

Minority Interest

0.02

-0.06

-0.03

0.19

0.83

Share Of P/L Of Associates

-3.5

Net P/L After Minority Interest

& Share Of Associates

890.44

1,542.37

1,064.24

1,457.34

1,242.15

Total Value Addition

4,738.39

4,402.52

4,466.43

3,120.29

2,492.76

Preference Dividend

572.63

431.76

375.33

375.02

280.92

95.1

73.38

63.79

65.04

40.24

1,877.45

1,877.40

1,876.82

1,876.24

1,872.78

57.21

83.3

58.59

76.08

66.23

Equity Dividend
Corporate Dividend Tax
Per share data (annualised)
Shares in issue (lakhs)
Earning Per Share (Rs)
Equity Dividend (%)
Book Value (Rs)

ACC

334.53

312.66

257.04

221.84

168.97

Dec '11

Dec '10

Dec '09

Dec '08

Dec '07

10,012.33

8,521.47

8,648.11

7,888.60

7,141.62

Previous
Years

------------------ in Rs. Cr.

----------------Consolidated Yearly Results
--

Sales Turnover
Other Income

191.01

97.84

77.3

111.44

97.74

Total Income

10,203.34

8,619.32

8,725.41

8,000.04

7,239.36

Total Expenses

8,148.02

6,718.25

6,017.28

6,057.28

5,136.27

Operating Profit

1,864.31

1,803.22

2,630.83

1,831.32

2,005.35

Profit On Sale Of Assets

--

--

--

--

--

Profit On Sale Of Investments

Gain/Loss On Foreign
Exchange

--

--

--

--

--

--

--

--

--

--

VRS Adjustment
Other Extraordinary
Income/Expenses
Total Extraordinary
Income/Expenses

--

--

--

--

--

--

--

--

--

--

--

--

--

42.55

209.85

Tax On Extraordinary Items

Net Extra Ordinary
Income/Expenses

--

--

--

--

--

--

--

--

--

--

2,055.32

1,901.06

2,708.13

1,942.76

2,103.09

96.91

57.93

84.36

39.99

74.3

2,015.33

1,843.13

2,623.77

1,945.33

2,028.79

510.04

427.72

373.13

320.54

313.02

Gross Profit
Interest
PBDT
Depreciation
Depreciation On Revaluation
Of Assets

--

--

--

--

--

PBT

1,505.29

1,415.41

2,250.64

1,624.79

1,715.77

Tax

215.45

341.36

686.79

525.17

498.09

--

--

--

--

--

1,289.84

1,074.05

1,563.85

1,099.62

1,217.68

-0.04

-0.02

0.06

0.03

-0.19

11

3.5

--

--

--

Net P/L After Minority Interest

& Share Of Associates

1,300.80

1,077.53

1,563.91

1,099.65

1,427.34

Depreciation for Previous

Years Written Back/ Provided

--

--

--

--

--

Dividend

--

--

--

--

--

Dividend Tax

--

--

--

--

--

Dividend (%)

--

--

--

--

--

68.63

57.15

83.21

58.53

64.83

Prior Years Income/Expenses

Net Profit
Minority Interest
Share Of P/L Of Associates

Earnings Per Share

Book Value
Equity
Reserves
Face Value

ACC

--

--

--

--

--

187.95

187.95

187.94

187.88

187.83

6,876.10

6,152.78

5,681.92

4,636.37

3,974.44

10

10

10

10

10

Dec '10

Dec '09

Dec '08

Dec '07

Dec '06

10

10

10

10

10

--

--

--

--

--

Previous
Years
------------------ in Rs. Cr.
------------------

Investment Valuation Ratios

Face Value
Dividend Per Share

Operating Profit Per Share

(Rs)
Net Operating Profit Per Share
(Rs)

86.63

135.82

91.22

104.65

90.72

436.19

451.19

406.35

370.61

308.33

Free Reserves Per Share (Rs)

320.87

300.35

245.29

210.64

148.91

48.92

48.93

48.94

48.95

49.05

19.81

30.1

22.44

28.23

29.42

Bonus in Equity Capital

Profitability Ratios
Operating Profit Margin(%)
Profit Before Interest And Tax
Margin(%)

14.22

25.28

17.77

23.28

24.38

Gross Profit Margin(%)

14.59

25.69

18.24

23.73

24.9

Cash Profit Margin(%)

15.65

22.26

17.24

21.95

23.19

Adjusted Cash Margin(%)

16.12

22.26

17.24

21.95

23.18

Net Profit Margin(%)

12.82

18.16

14.04

20.13

21.02

Adjusted Net Profit Margin(%)

Return On Capital
Employed(%)

12.82

18.16

14.04

20.13

21.02

20.64

35.94

30.04

39.85

39.38

Return On Net Worth(%)

Adjusted Return on Net
Worth(%)
Return on Assets Excluding
Revaluations
Return on Assets Including
Revaluations
Return on Long Term
Funds(%)

17.15

26.64

22.79

34.3

39.18

14.75

26.26

21.32

29.83

34.76

334.5

312.61

256.98

221.77

168.92

334.5

312.61

256.98

221.77

168.92

20.72

35.94

30.04

39.99

41.2

Liquidity And Solvency Ratios

Current Ratio

0.76

0.66

0.86

0.86

0.79

Quick Ratio

0.48

0.41

0.57

0.56

0.61

Debt Equity Ratio

0.08

0.1

0.1

0.08

0.25

Long Term Debt Equity Ratio

0.08

0.1

0.1

0.07

0.2

14.86

27.43

39.88

23.99

19.63

0.08

0.1

0.1

0.08

0.25

Debt Coverage Ratios

Interest Cover
Total Debt to Owners Fund
Financial Charges Coverage
Ratio
Financial Charges Coverage
Ratio Post Tax

31.7

31.88

47.94

28.21

22.99

26.98

23.98

36.56

24.42

20.02

Management Efficiency Ratios

Inventory Turnover Ratio

19.83

26.02

28.3

24.25

20.53

31.3

26.82

22.98

26

25.84

Investments Turnover Ratio

19.83

26.02

28.3

24.25

20.53

Fixed Assets Turnover Ratio

0.99

1.2

1.27

1.26

1.17

Total Assets Turnover Ratio

1.14

1.34

1.46

1.58

1.46

Asset Turnover Ratio

0.99

1.2

1.27

1.26

1.17

Debtors Turnover Ratio

Average Raw Material Holding

36.41

30.38

27.63

22.86

25.16

Average Finished Goods Held

Number of Days In Working
Capital

7.32

6.36

5.78

7.06

7.15

-40.9

-54.81

-22.71

-17.88

-3.45

22.98

18.26

18.95

26.94

26.52

--

--

--

--

--

18.12

16.83

17.91

18.23

19.19

--

--

--

--

--

Cash Flow Indicator Ratios

Dividend Payout Ratio Net
Profit
Dividend Payout Ratio Cash
Profit

61.96

32.29

39.93

30.83

25.9

44.36

26.05

30.88

25.26

21.31

Earning Retention Ratio

27.93

67.24

57.31

64.56

70.8

Cash Earning Retention Ratio

50.7

73.65

67.49

71.73

76.51

AdjustedCash Flow Times

0.39

0.3

0.36

0.2

0.57

Profit & Loss Account Ratios

Material Cost Composition
Imported Composition of Raw
Materials Consumed
Selling Distribution Cost
Composition
Expenses as Composition of
Total Sales

ACC Company

Dec '11

Dec '10

Dec '09

Dec '08

Dec '07

20.64

35.94

30.04

39.85

39.38

10,012.33

8,521.47

8,648.11

7,888.60

7,141.62

Current Ratio

0.76

0.66

0.86

0.86

0.79

Quick Ratio

0.48

0.41

0.57

0.56

0.61

Cash Ratio

0.03

0.03

0.04

0.03

0.09

Inventory Turnover Ratio

19.83

26.02

28.3

24.25

20.53

Debtors Turnover Ratio

31.3

26.82

22.98

26

25.84

0.02
51.13
51.11

0.01
52.84
52.83

0.02
51.28
51.26

0.02
50.25
50.23

0.02
46.37
46.35

Return On Capital
Employed(%)

Sales Turnover

Creditors Turnover Ratio

Gross operating cycle
Net Operating Cycle

0.035586
0.036887

0.040239
0.039798
0.095317

Raw
Materials

1,882.35

1,546.84

1,445.88

1,873.93

1,531.68

Current
Liabilities

2,754.70

2,678.20

2,353.19

2,019.20

1,616.50

0.683323 0.577567 0.614434 0.928056 0.947529