ASSIGNMENT

OF
MANAGERIAL ACCOUNTING
ON

ITC

SUBMITTED TO
Dr. madhav

SUBMITTED BY
Pritika Chauhan
MBA Ist

Statement of Profit and Loss for the year ended 31st March, 2015
Note

For the year ended

31st March, 2015
(` in Crores)

For the year ended

31st March, 2014
(` in Crores)

Gross Income

19

51932.14

48175.80

Gross Revenue from sale of products and services

20

49964.82

46712.62

Less: Excise Duty

13881.61

13830.06

Net Revenue from sale of products and services

36083.21

32882.56

424.19

356.04

Other operating revenue

Revenue from operations

21

36507.40

33238.60

Other income

22

1543.13

1107.14

38050.53

34345.74

Total Revenue
Expenses
Cost of materials consumed

23

10987.83

10263.28

Purchases of Stock-in-Trade

24

3898.66

3021.47

Changes in inventories of finished goods,

Work-in-progress, Stock-in-Trade and Intermediates

25

(214.53)

(128.41)

Employee benefits expense

26

1780.04

1608.37

Finance costs

27

57.42

2.95

961.74

899.92

6581.85

6019.05

Total Expenses

24053.01

21686.63

Profit before tax

13997.52

12659.11

Depreciation and amortisation expense

Other expenses

28

Tax expense:
Current tax

29

4020.99

3791.13

Deferred tax

30

368.80

82.77

9607.73

8785.21

Basic

` 12.05

` 11.09

Diluted

` 11.93

` 10.96

Profit for the year

Earnings per share (Face Value ` 1.00 each)

31 (i)

The accompanying notes 1 to 34 are an integral part of the Financial Statements.

In terms of our report attached
For Deloitte Haskins & Sells

Chartered Accountants
SHYAMAK R TATA
Partner
Kolkata, 22nd May, 2015

On behalf of the Board

K. N. GRANT
R. TANDON

Director
Chief Financial Officer

Y. C. DEVESHWAR

Chairman

B. B. CHATTERJEE Company Secretary

Balance Sheet as at 31st March, 2015

Note

As at
31st March, 2015
(` in Crores)

As at
31st March, 2014
(` in Crores)

EQUITY AND LIABILITIES

Shareholders funds
Share capital

801.55

Reserves and surplus

29934.14

Non-current liabilities
Long-term borrowings

795.32
30735.69

25466.70

38.69

51.00

Deferred tax liabilities (Net)

1631.60

1296.96

Other Long term liabilities

7.05

5.09

Long-term provisions

100.72

0.02

0.14

Current liabilities
Short-term borrowings
Trade payables

1778.06

110.00

1904.62

1987.59

Other current liabilities

3671.18

3631.88

Short-term provisions

6106.09

11681.91

5884.71

44195.66

TOTAL

26262.02

1463.05

11504.32
39229.39

ASSETS
Non-current assets
Fixed assets

10

Tangible assets
Intangible assets
Capital work-in-progress - Tangible assets
Intangible assets under development

13777.14

11948.69

401.35

64.05

2085.49

2272.94

28.65

22.79

16292.63

14308.47

Non-current investments

11

2441.64

Long-term loans and advances

12

1506.36

Current assets
Current investments

2512.17
20240.63

1480.02

13

5963.82

6311.26

Inventories

14

7836.76

7359.54

Trade receivables

15

1722.40

2165.36

Cash and bank balances

16

7588.61

3289.37

Short-term loans and advances

17

549.89

783.51

Other current assets

18

293.55

TOTAL

23955.03
44195.66

1019.69

18300.66

20928.73
39229.39

The accompanying notes 1 to 34 are an integral part of the Financial Statements.

In terms of our report attached

For Deloitte Haskins & Sells
Chartered Accountants

On behalf of the Board

K. N. GRANT
R. TANDON

SHYAMAK R TATA
Partner
Kolkata, 22nd May, 2015

110 ITC Limited

REPORT AND ACCOUNTS 2015

Director
Chief Financial Officer

Y. C. DEVESHWAR

Chairman

B. B. CHATTERJEE Company Secretary