MAZAGON DOCK LIMITED

BALANCE SHEET AS AT 31st March 2014 2013-14 2012-13

Note ( ` in lacs ) ( ` in lacs ) ( ` in lacs ) ( ` in lacs ) ( ` in lacs ) ( ` in lacs ) ( ` in lacs ) ( ` in lacs )
I. EQUITY AND LIABILITIES
(1) Shareholder's Fund
(a) Share Capital 2.1 19920 19920
(b) Reserves and Surplus 2.2 189404 161509
209324 181429
(2) Non-current Liabilities
(a) Long-term Borrowings 2.3 8877 8149
(b) Other Long-term Liabilities 2.4 0 0
(c) Long-term Provisions 2.5 14989 19086
Total- Non-current Liabilities 23866 27235
(3) Current Liabilities
(a) Trade Payables 2.6 79277 117144
(b) Other Current Liabilities 2.7 2473876 2211415
(c) Short-term Provisions 2.8 7014 17152
Total- Current Liabilities 2560167 2345711
TOTAL 2793357 2554375
II. ASSETS
(1) Non-current Assets
(a) Fixed Assets
(i) Tangible Assets 2.9(i) 16820 11614
(ii) Intangible Assets 2.9(ii) 792 989
(iii) Capital Work-in-Progress 2.10 11239 7821
28851 20424
(b) Non-current Investments 2.11 600 600
(c) Deferred Tax Assets (Net) 2.12 11788 7959
(d) Long-term Loans and Advances 2.13 26391 34234
(e) Other Non-current Assets 2.14 5821 14221 (e) Other Non-current Assets 2.14 5821 14221
Total- Non-current Assets 73451 77438
(2) Current Assets
(a) Inventories 2.15 1802720 1437079
(b) Trade Receivables 2.16 30256 39446
(c) Cash and Bank Balances 2.17 523935 600479
(d) Short-term Loans and Advances 2.18 346758 388735
(e) Other Current Assets 2.19 16237 11198
Total- Current Assets 2719906 2476937
TOTAL 2793357 2554375
Significant Accounting Policies and Notes to the Financial Statements 1 & 2 0 0
AS PER OUR REPORT ATTACHED FOR AND ON BEHALF OF BOARD OF DIRECTORS
FOR AND ON BEHALF OF
Ford, Rhodes, Parks & Co.
Chartered Accountants
Firm Registration No. 102860W
Rear Admiral R. K. Shrawat, AVSM, IN (Retd.)
Chairman and Managing Director
Shrikant Prabhu M. Selvaraj
Partner Director (Finance)
Membership No. 35296
Date : 17.07.2014 E. S. Selvaraj
Mumbai Company Secretary and GM (L & E)
MAZAGON DOCK LIMITED
2013-14 2012-13
Note ( ` in lacs ) ( ` in lacs ) ( ` in lacs ) ( ` in lacs ) ( ` in lacs ) ( ` in lacs ) ( ` in lacs ) ( ` in lacs )
I. Revenue from Operations
1 Turnover 2.20 286551 229064
2 Other operating revenue 2.21 2121 4075
288672 233139
II Other Income 2.22 61265 52891
III. Total Revenue (I + II) 349937 286030
IV. Expenses:
1 Cost of Materials Consumed 2.23 129371 95747
2 Changes in Inventory of Work-in-progress 2.24 7222 2939
3 Employees Benefit Expenses 2.25 62716 60542
4 Sub-Contract 19108 9894
5 Power and Fuel 2119 1702
6 Finance Costs 2.26 9 90
7 Depreciation and Amortization Expenses 2.9 1823 1464
8 Other expenses :(a) Project related 2.27 22767 31976
(b) Others (b) Others 2.28 33989 11228
9 Adjustment for Expenses Transferred to Fixed Assets 2.29 (255) (330)
10 Provisions made 2.30 12297 9215
Total Expenses 291166 224467
Profit for the Year 58771 61563
11 Prior Period Adjustments 2.31 14 (2326)
V. Profit before exceptional items and tax 58757 63889
VI. Exceptional items 0 0
VII. Profit Before Tax 58757 63889
VIII. Tax expense: (1) Current Tax for Current year 23136 24454
(2) Current Tax relating to prior years (311) 1650
(3) Deferred Tax (3829) (3487)
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH 2014
(3) Deferred Tax (3829) (3487)
IX. Profit/(Loss) for the year 39761 41272
X. Earnings per Equity Share (`) 199.60 207.19
Significant Accounting Policies and Notes to the Financial Statements 1 & 2
AS PER OUR REPORT ATTACHED FOR AND ON BEHALF OF BOARD OF DIRECTORS
FOR AND ON BEHALF OF
Ford, Rhodes, Parks & Co.
Chartered Accountants
Firm Registration No. 102860W
Rear Admiral R. K. Shrawat, AVSM, IN (Retd.)
Chairman and Managing Director
Shrikant Prabhu M. Selvaraj
Partner Director (Finance)
Membership No. 35296
Date : 17.07.2014 E. S. Selvaraj
Mumbai Company Secretary and GM (L & E)