AttockCostAuditreport 2009

ATTOCK CEMENT PAKISTAN LIMITED
Cost Auditors Report

For the year ended June 30, 2009
SIDDIQI & COMPANY
Cost & Management Accountants

Suite # 147, First Floor, Haroon Shopping Emporium, Sector 15-A/1, North Karachi-75850 (Pakistan).
Tel: (92-21) 36971814 - 36931527, Fax (92-21) 36931527, E-mail <siddiqicompany@yahoo.com>
Attock Cement Pakistan Limited
Cost Audit Report, 2009
COST AUDITORS REPORT, 2008-2009

INDEX
Section 1
1.
2.
Page #
Corporate Information
The Company & Its Manufacturing Process
Section 2
Cost auditors Report
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14
15.
16.
17.
Capacity
Costing Accounting System
Production
Raw Material
Wages & Salaries
Stores & Spare Parts
Depreciation
Overheads
Royalty / Technical Aid Payment
Abnormal Non-Recurring Features
Cost of Production
Sales
Profitability
Cost Auditors Observation and Conclusions
Reconciliations with Financial Statements
Cost Statements
Miscellaneous
Schedules (1 to 3)
1
2
2
2
3
5
6
6
7
9
9
9
10
10
10
12
12
12
13-15
Statement of Production Capacity

Statement of Stock in Trade
Section 3
Departmental Cost Statements
1.
Quarry
2.
Transportation
3.
Crushing
4.
Stock Hall Storage
5.
Raw Mill (For Mix / Slurry)
6.
Kiln
7.
Grinding (Cement)
8.
Packing & Storage
9.
Air Compressing
10. Power Generated / Purchased and Consumed
11. Factory General
12. Summary of Cost Report
Cost of Sales of Ground Slag
Annexures
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
XII
01. CORPORATE INFORMATION

Board of Directors
Chairman
Dr. Ghaith R. Pharaon
Chief Executive
Babar Bashir Nawaz
Directors
Laith G. Pharaon
Wael G. Pharaon
Shuaib A. Malik
Abdus Sattar
Bashir Ahmad
Babar Bashir Nawaz
Alternate Directors
Fakhrul Islam Baig
Irfan Amanullah
Audit Committee of the Board
Chairman
Abdus Sattar
Members
Bashir Ahmad
Fakhrul Islam Baig
Company Secretary
Irfan Amanullah
Statutory Auditors
A. F. Ferguson & Co.
Chartered Accountants
Cost Auditors
SIDDIQI & COMPANY
Bankers
Faysal Bank Limited
MCB Bank Limited
Habib Bank Limited
National Bank of Pakistan
Bank Al-Falah Limited
Allied Bank Limited
KASB Bank Limited
Pak Kuwait Investment Co. (Pvt) Limited
Bank of Punjab
Bank Al-Habib
First Women Bank Limited
First Credit & Investment Bank Limited
JS Bank Limited
NIB Bank Limited
United Bank Limited
Pak Libya Holding Co. (Pvt.) Limited
Registered Office
D-70, Block-4, Kehkashan-5
Clifton, Karachi-75600.
Telephone# (92-21) 35309773-4, Fax # 35379775
Email. acpl@attockcement.com
Website: www.attockcement.com
Factory
Hub Chowki, Lasbella, Baluchistan.
02. THE COMPANY

&
MANUFACTURING PROCESS
1.
THE COMPANY
The Company was incorporated in Pakistan on October 14, 1981 as a public limited
Company and is listed on Karachi Stock Exchange. Its main business activity is
manufacturing and sale of cement.
2.
OPERATIONS
Basically the main objective of the Company is to manufacture and sell Cement.
3.
MANUFACTURING PROCESS
The Company is using the Dry Process Technology for manufacturing of cement. It owns
leased lime stone quarries. The process consists of the following departments:(i)
Lime Stone Quarry / Transportation
(ii)
Crushing
(iii)
Raw Mill (Mix / Slurry)
(iv)
Kiln
(v)
Grinding (Cement Mill)
(vi)
Packing & Storage
The major raw materials include:

(i)
Shale / Overburden
(ii)
Lime Stone
(iii)
Gypsum
(iv)
Slag
Packing Paper bags of 50 Kg. each are used in packing.

4.
FACTORY LOCATION
The Companys cement manufacturing plant is located in Tehsil Hub, District Lasbella,
Baluchistan, Pakistan.
COST AUDITORS REPORT

We, SIDDIQI & COMPANY, Cost & Management Accountants having been appointed to
conduct an audit of cost accounts of ATTOCK CEMENT PAKISTAN LIMITED, have examined
the books of account and the statement prescribed under clause (e) of sub-section 230 of the
Companies Ordinance, 1984 and the other relevant record for the year ended June 30, 2009,
and report that:1.
we have obtained all the information and explanations which to the best of our knowledge
and belief were necessary for the purpose of this audit.
2.
in our opinion:
3.
(a)
proper cost accounting records as required by clause (e) of sub-section (1) of section
230 of the Companies Ordinance, 1984 (XLVII of 1984), and as required by these
rules, have been kept by the Company;
(b)
proper returns, statements and schedules for the purpose of audit of cost accounts
relating to branches were not required as the Company has no branches in or
outside Pakistan.
(c)
the said books and records give the information required by the rules in the manner
so required; and
in our opinion and, subject to best of our information:(a)
the annexed statement of capacity utilization and stock-in-trade are in agreement

with the books of account of the Company and exhibit true and fair view of the
Companys affairs; and
(b)
cost accounting records have been properly kept so as to give a true and fair view of
the cost of production, processing, manufacturing and marketing of the under
mentioned products of the Company, namely,
1.
2.
3.
Ordinary Portland Cement (OPC)

Sulphate Resistance Cement (SRC)
Ground Slag
The matters contained in the ANNEXED Forms are part of this report.
SIDDIQI & COMPANY

Karachi : 22 OCT 2009
[1]
1.
CAPACITY (Tonne)
(a)
Clinker
Kiln-I
Kiln-II
Licensed / Installed
Capacity
720,000
990,000
1,710,000
Utilized
Capacity
750,508
928,111
1,678,619
% of Installed
Capacity
104
94
98
(b) The company's main business activity is manufacturing and sale of cement.
2.
3.
COST ACCOUNTING SYSTEM
Manufacturing of cement is a continuous process, therefore, the company uses process cost accounting
system as prescribed by SECP as per Cement Industry (Cost Accounting Records) Order, 1994.
The company has classified whole manufacturing process into six major stages / departments for the
purpose of maintaining cost accounting records.
The company is operating a fully online integrated costing system, which generates cost statements
relating to six stages / departments and allocates cost thereon.
PRODUCTION
Qty. in Tonne
(a)
Production
Increase/(Decrease)
YEARS
Clinker
Line-1
Ordinary Portland Clinker
Suplhate Resistance Clinker
Line-2
Ordinary Potland Clinker
Cement
Ordinary Portland
Sulphate Resistance
2009
2008
Tonne
479,770
270,738
750,508
464,524
234,336
698,860
15,246
36,402
51,648
3
16
7
928,111
660,906
267,205
40
1,678,619
1,359,766
318,853
23
1,436,446
285,219
1,122,020
242,491
314,426
42,728
28
18
1,721,665
1,364,511
357,154
26
(b) The plant design facilitates production of the various types of cement as per production requirements
within the installed capacity limits.
(c) There is no addition to the production capacity during the year under review.
[2]
4.
RAW MATERIAL
(a)
Major Raw Materials Consumed
ITEMS
Quantity
(Tonne)
2009
Value
Rs. in '000'
Cost per
Tonne
Quantity
(Tonne)
2008
Value
Rs. in '000'
Cost per
Tonne
Quantity
(Tonne)
2007
Value
Rs. in '000'
Cost per
Tonne
Limestone
1,074,310
190,805
178
693,707
110,484
159
680,423
99,824
147
Shale / Overburden
1,500,726
235,326
157
1,390,585
195,863
141
1,297,682
174,925
135
107,246
65,100
607
103,177
57,292
555
96,600
53,224
551
61,397
82,849
1,349
61,264
59,246
967
45,956
32,564
709
4,205
4,679
1,113
22,576
30,705
1,360
12,115
13,780
1,137
Iron Ore & Salica Sand
Gypsum
Slag
Ground Slag
578,759
453,590
[3]
374,317
(b) Major Raw Materials consumption per unit of production compared with standard requirements.
Description
Limestone
Shale / Overburden
Iron Ore / Baux. Iron
Salica Sand
TOTAL
Gypsum
Standard
Tonne
TOTAL
Gypsum
% Increase / (Decrease)
as compared to Standard
2009
2008
2007
Clinker
Clinker
Clinker
Clinker
0.240
1.328
0.032
-
0.525
1.020
0.040
0.015
0.529
1.023
0.039
0.019
0.509
1.015
0.037
0.019
119
(23)
25
100
Clinker
1.600
1.600
1.611
1.580
(0)
(1)
Cement
0.050
0.048
0.045
0.039
(4)
(9)
(22)
Description
Limestone
Shale / Overburden
Iron Ore
Salica Sand
Ordinary Portland Cement

2009
2008
2007
Tonne
Tonne
Tonne
Standard
Tonne
Sulphate Resistance Cement

2009
2008
2007
Tonne
Tonne
Tonne
121
(23)
22
100
112
(24)
16
100
as compared to Standard
2009
2008
2007
Clinker
Clinker
Clinker
Clinker
0.240
1.264
0.096
-
0.424
1.021
0.110
0.045
0.419
1.020
0.113
0.048
0.186
1.285
0.130
0.029
77
(19)
15
100
Clinker
1.600
1.600
1.600
1.630
(0)
Cement
0.050
0.036
0.043
0.038
(28)
74
(19)
18
100
(15)
(23)
2
35
100
2
(24)
(c) Explanation of Variances
The variances from standard requirements are attributed to chemical contents of raw materials.
(d) Method of Accounting

The company is maintaining raw material records using perpetual inventory system. The per unit cost for issue of
material is determined using weighted average basis.
Limestone and shale / overburden are extracted from leased mines.
Salica Sand, Iron ore, Bauxite, Gypsum and Slag are purchased from open market. The quantities and values are
recorded in the store ledger and general ledger from stores receiving report.
[4]

5.
WAGES AND SALARIES

(a) Total wages and salaries paid for all categories of employees
2009
Rs. in '000'
154,000
359,333
513,333
114,926
32,725
660,984
Direct labour cost on production

Indirect labour cost on production
Employees' cost on administration
Employees' cost on selling and distribution
Total employees cost
2008
Rs. in '000'
106,758
244,673
351,431
79,779
20,959
452,169
Increase / (Decrease)
Rs. in '000'
%
47,242
44
114,660
47
161,902
46
35,147
44
11,766
56
208,815
46
Salaries and wages increased mainly due to inflationary trend and annual increments.
(b) Salaries and perquisites of Chief Executive,Directors and Executives

The aggregate amounts charged in these financial statements for remuneration to the Chief Executive,
Directors and Executives of the Company are as follows :
2009
Rs. in `000'
Managerial remuneration
Housing Allowance
Utility Allowance
Bonus
Retirement benefits
Others
Number of person(s)
Chief
Executive
8,538
2,988
1,138
2,779
1,087
863
17,393
2008
Rs. in `000'
Directors
Executives
8,096
3,241
667
3,490
550
1,229
17,273
47,264
17,841
3,602
15,923
6,879
6,526
98,035
Chief
Executive
6,599
2,310
880
2,607
1,210
739
14,345
38
Directors
Executives
7,895
2,859
545
2,999
1,497
930
16,725
32,174
12,026
2,388
11,209
6,566
4,852
69,215
28
The chief executive, working Directors and executives are provided with free use of company maintained cars
and are also provided with medical facilities in accordance with their entitlements.
A sum of Rs. 0.92 million (2008: Rs. 0.92 million) was paid to two non-executive directors in respect of
advisory services.
(c) Total man-days of direct labour
300 days x 270 workers = 81,000
308 days x 270 workers = 83,160
Worked
Available
83,160
(d) Average number of production workers employed
(e) Direct labour cost per tonne

Direct labour cost (Rs. in '000')
Prduction in tonne
Cost per tonne (Rs. / tonne)
81,000
2009
270
2008
267
2009
154,000
1,721,665
89
2008
106,758
1,364,511
78
Per tonne direct labour cost increased due to reasons given at item 5(a) above.
[5]
% Worked
103
3
% of Increase / (Decrease)
44
26
15
(f) Comments on Incentives Scheme
6.
The company awards bonus based on the profitability of the company and performance of the employees.
STORES AND SPARE PARTS

(a) Expenditure per unit of output
2009
Stores & spares consumed (Rs.in '000')

Production in tonne
Cost per tonne (Rs./tonne)
263,656
1,721,665
153
2008
% of Increase / (Decrease)
154,819
1,364,511
113
70
26
35
Stores and spares increased due to replacement of gear box of raw mill and heavy repairs of conditioning tower.
(b) System of stores

The company is using computerized perpetual inventory system for store accounting integrated with financial
accounting system. Per unit cost is calculated using weighted average basis.
All items of stores are properly coded and entered by designated staff members of the finance department
through network system, on daily basis.
(c) Proportion of closing inventory of stores representing items

which have not moved for over twenty four months.
Slow moving items amounting to Rs. 18.030 million which represents 2.92% (2008: 5.859 million: 0.94%) of
closing inventory.
7.
DEPRECIATION
(a) Method of depreciation
Upto the previous year depreciation had been charged to income applying the reducing balance method,
whereas in the current year the method for providing depreciation has been changed to straight line method in
order to better reflect the pattern in which the economic benefits of the assets are consumed by the
company.The depreciation rates have also been revised to reflect the useful lives of assets after the change in
the depreciation method.
Depreciation on acquisition is charged from the month of addition whereas no depreciation is charged on the
month of disposal.
Maintenance and normal repairs are charged to income as and when incurred. Major renewals and
improvements are capitalized and the assets so replaced, if any, are retired.
(b) Basis of allocation of depreciation on common assets to the different departments.
Depreciation on common assets is allocated as under:

(i) Cost of Sales
(ii) Administrative Expenses
(iii) Distribution Cost
2009
%
(Rs. '000)
97.710
463,580
2.120
10,040
0.170
819
100.00
474,439
(c) Basis of charging depreciation to cost of products

The depreciation is allocated to cost of production on the value of assets employed.
[6]
2008
%
(Rs. '000)
98.690
395,937
1.160
4,655
0.150
597
100.00
401,189
8.
OVERHEADS
(a) Total amounts of the overheads
(i)
(ii)
(iii)
(iv)
Factory
Administration
Selling & distribution
Financial
2009
Rs. in '000'
2008
Rs. in '000'
664,976
182,420
437,194
119,763
549,613
133,582
124,744
153,909
481,727
110,701
83,360
102,072
1,404,353
961,848
777,860
(i) Factory Overheads
Repairs and maintenance

Vehicle running & maintenance
Travelling and entertainment
Depreciation
Insurance
Others
2009
Rs.in'000'
55,619
53,037
4,369
463,580
34,594
53,777
664,976
2008
Rs. in '000'
66,139
42,229
3,186
395,937
22,196
19,926
549,613
2007
Rs. in '000'
35,255
37,230
2,201
358,029
22,140
26,872
481,727
Based on
Based on
2008
2007
(16)
58
26
42
37
99
17
29
56
56
170
100
21
38
Factory overheads increased mainly due to increase in depreciation, vehicle running & maintenance and other
overheads.
(ii) Administration Overheads
Salaries, wages and benefits

Utilities
Depreciation
Vehicle running & maintenance
Communication
Printing and stationery
Auditor's remuneration
Legal and professional charges
Advertising
Rent, rates and taxes
Donations
Insurance
Training
Subscription
Others
2007
Rs. in '000'
2009
Rs.in'000'
114,926
3,676
5,621
10,040
6,293
5,836
3,402
3,004
1,600
5,856
1,053
6,758
6,856
3,601
195
1,376
2,327
182,420
2008
Rs. in '000'
79,779
2,654
7,910
4,655
5,446
4,216
2,565
3,318
1,455
5,608
2,330
7,158
204
2,696
407
1,265
1,916
133,582
2007
Rs. in '000'
68,928
1,549
1,904
9,090
5,538
2,915
2,176
1,670
1,095
4,365
1,134
6,453
40
1,054
110
1,292
1,388
110,701
Based on
Based on
2008
2007
44
67
39
137
(29)
195
116
10
16
14
38
100
33
56
(9)
80
10
46
4
34
(55)
(7)
(6)
5
3,261
17,040
34
242
(52)
77
9
7
21
68
37
65
Administration overheads increased mainly due to increase in salaries & wages, depreciation and donations.
[7]
(iii) Selling and Distribution Overheads

2008
Rs. in '000'
2007
Rs. in '000'
32,725
20,959
19,603
56
67
819
597
72
37
1,038
PSI marking fee
27,275
3,984
2,889
585
844
Carriage outward
16,376
6,285
870
161
1,782
Advertisement and sales promotion
1,364
2,083
5,522
1,783
357
311,071
Salaries, wages and benefits

Depreciation
Export expenses
Commission on export sales
Miscellaneous expenses
Based on
Based on
2008
2007
2009
Rs.in'000'
(35)
(75)
745
399
139
78,947
52,478
294
493
43,548
9,899
340
100
2,233
1,633
1,181
37
89
437,194
124,744
83,360
250
424
Selling & distribution expenses increased due to increase in export expenses incurred on export of Clinker,
Cement and PSI marking fee and carriage outward.
(iv) Financial Charges

2008
Rs. in '000'
2007
Rs. in '000'
94,016
109,468
88,833
(14)
Markup on short term loan
10,270
4,161
(100)
(100)
Markup on running finance
3,557
2,985
(100)
(100)
Markup on export refinance
1,419
Finance lease charges
Markup on long term murabaha
44
430
(100)
(100)
(100)
Bank charges and commission
14,596
6,207
3,942
135
270
Exchange loss
10,957
24,312
(55)
100
194
51
302
280
(36)
119,763
153,909
102,072
(22)
17
Interest on workers' profits participation fund
Based on
Based on
2008
2007
2009
Rs.in'000'
The decrease in financial cost was due to repayment of long term murabaha and reduction in exchange loss.
(b) Reasons for any significant variances in the overheads

Reasons have already been given against items where ever necessary.
(c) Basis of allocation of overheads

The allocation was made on activity based on %age basis.
[8]
(d) Cost of Packing
1,534,581
184,581
1,719,162
Qty. in Tonne
2008
1,313,970
45,517
1,359,487
2009
Rs. in '000' Rupees/Ton
514,606
335.34
12,651
7.36
8,178
4.76
17,242
10.03
692
0.40
9,351
5.44
49,844
28.99
612,564
392.32
2008
Rs. in '000'
Rupees/Ton
344,507
262.19
9,054
6.66
5,670
4.17
19,245
14.16
444
0.33
7,919
5.82
31,204
22.95
418,043
316.28
OPC+SRC
Packed cement
Bulk cement
Total
2009
Packing material
Power
Salaries & wages
Stores / spares, repair & maint.
Insurance
Depreciation
Other administrative overheads
9.
Rupees/Ton
%
73
28
1
10
1
14
(4)
(29)
0
23
(0)
(7)
6
26
76
24
ROYALTY / TECHNICAL AID PAYMENTS

Production
in Tonne
Limestone &
Shale/Overburden
2,512,273
2009
Amount
Rs. In '000
Rupees /
Tonne
Production
in Tonne
2008
Amount
Rs. In '000
75,255
29.95
2,094,610
81,178
Rupees /
Tonne
38.76
Royalty and excise duty is paid to the provincial government on the quantity of limestone, shale / overburden
extracted and transported to mill from quarries at statutory rates.
10. ABNORMAL NON-RECURRING FEATURES

(a) Features affecting production
=
NONE
(b) Special expenses

=
NONE
11. COST OF PRODUCTION

(As per Schedule-1 attached)
Qty. in
Tonne
Cement
OPC
SRC
Ground Slag
Sub-total
Clinker
OPC
2 0 0 9
Rs. in
000
Rs.
Per Ton
Qty. in
Tonne
2 0 0 8
Rs. in
000
Rs.
Per Ton
Increase /
(Decrease)
% Rs. P/Ton
1,436,446
285,219
3,629
1,725,294
4,809,664
962,269
6,773
5,778,706
3,348
3,374
1,866
3,349
1,122,020
242,491
22,718
1,387,229
3,128,697
662,322
43,350
3,834,369
2,788
2,731
1,908
2,764
20.08
23.52
(2.19)
21.18
17,990
45,857
2,549
35,000
74,898
2,140
19.12
1,743,284
5,824,563
3,341
1,422,229
3,909,267
2,749
21.55
Reasons for variances

Cost per tonne increased mainly due to increase in depreciation and fuel cost.
[9]
12. SALES
Qty. in
Tonne
2 0 0 9
Rs. in
000
Rs.
Per Ton
Qty. in
Tonne
2 0 0 8
Rs. in
000
Rs.
Per Ton
Increase /
(Decrease)
% P/Ton
Cement
OPC
1,437,471
6,983,224
4,858
1,119,187
3,955,848
3,535
37.44
SRC
281,691
1,423,633
5,054
240,299
859,314
3,576
41.33
Ground Slag
4,205
17,239
4,099
22,576
74,949
3,320
23.48
Sub-total
1,723,367
8,424,096
4,888
1,382,062
4,890,111
3,538
38.15
17,990
85,975
4,779
35,000
111,239
3,178
50.37
1,741,357
8,510,071
4,887
1,417,062
5,001,350
3,529
38.47
Clinker
OPC
Clinker was exported to UAE.
Cement was exported to Iraq, Qatar, UAE, Kuwait, Somalia, Tanzania, Mauritius, Sudan, Bahrain, India, Yemen,
and Djibouti.
13. PROFITABILITY
Qty. in
Tonne
2 0 0 9
Rs. in
000
Rs.
Per Ton
Qty. in
Tonne
2 0 0 8
Rs. in
000
Rs.
Per Ton
Increase /
(Decrease)
% Rs. P/Ton
Cement
OPC
1,437,471
1,621,842
1,128
1,119,187
497,284
444
153.93
SRC
281,691
336,371
1,194
240,299
142,054
591
102.00
Ground Slag
4,205
7,215
1,716
22,576
19,417
860
99.48
Sub-total
1,723,367
1,965,428
1,140
1,382,062
658,755
477
139.27
17,990
23,298
1,295
35,000
16,213
463
179.57
1,741,357
1,988,726
1,142
1,417,062
674,968
476
139.77
Clinker
OPC
The increase in net profit is due to the following reasons:

Overall capacity utilization increased by 18% resulting improved plant efficiencies and higher absorption of fixed
overheads.
Mainly due to improved in net retention as compared to previous year.
The decrease in financial cost was due to repayment of long term murabaha and reduction in exchange loss.
Because of significant increase in export sales.
[ 10 ]
14. COST AUDITORS' OBSERVATIONS AND CONCLUSIONS

(a) Matters which appear to him to be clearly wrong in principle or apparently unjustifiable.
No such matters have so far come to our notice during the year under review.
(b) Cases where the company funds have been used in a negligent or inefficient manner.
=
N ONE
(c) Factors which could have been controlled but have not been done resulting in increase in the cost
of production.
=
N ONE
=
(d)
(i) The Adequacy or otherwise of Budgetary Control System, if any, in vogue in the company.
The company prepares its budget on annual basis. A monthly report comparing actual results with budget is
generated alongwith the reasons for major variances. On the basis of such variances corrective measures
are initiated, implemented and followed up.
(ii) The scope and performance of Internal Audit, if any.
The Board has outsourced the internal audit function to M/s. Ernst & Young Ford Rhodes Sidat Hyder &
Co., Chartered Accountants who are involved in the internal audit function on a full time basis.
(e) Suggestion for improvements in performance.

(i) rectification of general imbalance in production facilities
Apparently, there is no general imbalance in production facilities.
(ii) fuller utilization of installed capacity
Kiln # I has achieved 104% capacity utilization where as Kiln # II achieved 94% of capacity utilization
which has yielded good production results.
(iii) Comments on areas offering scope for
(a) Cost reduction
Company is working on various projects to reduce its cost of production prominent among them is
waste heat recurring system.
(b) Increased productivity
The company has already expanded its clinker production in 2005-06 from 2400/TPD to 5700/TPD
and as a result thereof, the fixed cost per tonne decreased considerably.
(c) Key limiting factors causing production bottle necks.
=
NONE
[ 11 ]
(d) Improved inevntory policies

Present inventory policies are satisfactory.
(e) Energy conservancy
The company has already switched over to `COAL' as one of the cheapest source of energy.
(iv) State of technology

The company uses 'Dry Process' which is the latest technology in cement production.
(v) Plant
The plant was new when installed.
15. RECONCILIATIONS WITH FINANCIAL STATEMENTS
Cost accounts are in agreement with financial accounts of the company for the year ended June 30, 2009.
16. COST STATEMENTS
Copies of all cost statements on the formats prescribed by Securities and Exchange Commission of Pakistan
under clause (e) of sub-section (1) of section 230 of the Companies Ordinance, 1984, duly authenticated by the
chief executive and Chief Financial Officer of the company, and verified by us are appended to the report.
17. MISCELLANEOUS
Figures have been rounded off to nearest thousand and rupee one. Previous year's figures have been re-arranged
and regrouped where necessary to facilitate comparison.
SIDDIQI & COMPANY

Karachi : 22 OCT 2009
[ 12 ]
Schedule-1
COST OF PRODUCTION
Quantitative Data
Particulars
CEMENT
OPC
Production (Tonne)
2 0 0 9
2 0 0 8
Quantity in Tonne
Quantity in Tonne
GROUND
CLINKER
1,436,446
CEMENT
TOTAL
SLAG
SRC
285,219
17,990
3,629
1,743,284
GROUND
CLINKER
SRC
OPC
1,122,020
TOTAL
SLAG
242,491
35,000
22,718
1,422,229
Cost Elements
2 0 0 9
2 0 0 8
CEMENT
Particulars
CLINKER
OPC
Rs. in '000
Cost of sales
Transferred to raw
GROUND
4,807,148
SRC
Rs./Ton
3,347
(7,342)
Rs. in '000
949,200
CEMENT
TOTAL
SLAG
Rs./Ton
3,328
Rs. in '000
45,857
Rs./Ton
2,549
Rs. in '000
7,691
OPC
Rs./Ton
2,119
(1,458)
Rs. in '000
5,809,897
Rs./Ton
3,333
(8,800)
Rs. in '000
3,111,761
GROUND
CLINKER
SRC
Rs./Ton
2,773
Rs. in '000
655,674
TOTAL
SLAG
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
3,885,204
Rs./Ton
2,704
74,898
2,140
42,871
1,887
1,598
345
1,943
2,732
-
15,338
6,303
479
22,120
2,731
74,898
2,140
material inventory
WIP Inventory adjustment
Cost of goods manufactured
9,857
4,809,664
14,527
3,348
962,269
3,374
45,857
2,549
(918)
6,773
1,866
23,466
5,824,563
[ 13 ]
3,341
3,128,697
2,788
662,322
43,350
1,908
3,909,267
2,749
Schedule-2
NET SALES REALIZATION

Quantitative Data
Particulars
CEMENT
Export
Quantity sold
2 0 0 8
Quantity in Tonne
GROUND
CLINKER
SRC
OPC
Local Sales
2 0 0 9
Quantity in Tonne
CEMENT
TOTAL
SLAG
GROUND
CLINKER
SRC
OPC
TOTAL
SLAG
1,079,181
170,831
2,205
1,252,218
1,029,365
239,799
10,623
1,279,787
358,290
110,860
17,990
2,000
489,140
89,822
500
35,000
11,953
137,275
1,437,471
281,691
17,990
4,205
1,741,357
1,119,187
240,299
35,000
22,576
1,417,062
Net Sales Value Realization

2 0 0 9
2 0 0 8
CEMENT
Particulars
CLINKER
OPC
Rs. in '000
Gross Sales
GROUND
SRC
Rs./Ton
Rs. in '000
CEMENT
TOTAL
SLAG
Rs./Ton
8,967,461
6,238
1,743,777
6,190
956,279
665
151,370
51,444
36
8,538
Rs. in '000
Rs./Ton
Rs. in '000
OPC
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
GROUND
CLINKER
Rs./Ton
Rs. in '000
TOTAL
SLAG
SRC
Rs./Ton
85,975
4,779
18,669
4,439
10,815,882
6,211
5,392,330
4,818
1,197,684
4,984
537
1,107,649
636
753,133
673
177,029
737
30
60,068
34
35,546
Rs. in '000
111,239
Rs./Ton
Rs. in '000
Rs./Ton
3,178
79,394
3,517
278
Rs. in '000
Rs./Ton
6,780,647
4,785
930,162
656
44,331
31
Less:
Excise duty
Special excise duty
Sales tax
86
20
8,507
976,514
679
160,236
569
1,344
320
1,138,094
654
647,803
579
152,834
636
4,168
185
804,805
568
1,984,237
1,380
320,144
1,137
1,430
340
2,305,811
1,324
1,436,482
1,284
338,370
1,408
4,446
197
1,779,298
1,256
6,983,224
4,858
1,423,633
5,054
85,975
4,779
17,239
4,099
8,510,071
4,887
3,955,848
3,535
859,314
3,576
3,178
74,949
3,320
5,001,350
3,529
[ 14 ]
111,239
Schedule-3
PROFITABILITY
2 0 0 9
Particulars
CEMENT
OPC
Quantity sold
Quantity in Tonne
Quantity in Tonne
LOCAL SALES
EXPORT SALES
GROUND
CLINKER
SRC
1,079,181
CEMENT
TOTAL
SLAG
170,831
OPC
2,205
1,252,218
GROUND
CLINKER
SRC
358,290
TOTAL
TOTAL
SLAG
110,860
17,990
2,000
489,140
1,741,357
Product wise Profitability

2 0 0 9
LOCAL SALES
Particulars
CEMENT
OPC
Rs. in '000
Net Sales
Less:
Cost of production
Inv. Adjust. (Finished)
Cost of goods sold
Gross profit
SRC
Rs./Ton
Rs. in '000
CEMENT
TOTAL
OPC
SLAG
Rs./Ton
Rs. in '000
5,191,500
4,811
854,715
5,003
3,613,431
3,348
576,349
3,374
(14,525)
3,603,573
3,339
561,824
1,587,927
1,471
292,891
(9,857)
EXPORT SALES
GROUND
CLINKER
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
TOTAL
GROUND
CLINKER
SRC
TOTAL
SLAG
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
Rs./Ton
8,399
3,809
6,054,614
4,835
1,791,724
5,001
568,918
5,132
85,975
4,779
8,840
4,420
2,455,457
5,020
8,510,071
4,887
4,116
1,866
4,193,896
3,349
1,196,233
3,339
385,920
3,481
45,857
2,549
2,657
1,329
1,630,668
3,334
5,824,563
3,345
918
3,289
5,034
2,283
4,170,431
3,330
1,196,233
3,339
385,920
3,481
45,857
2,549
2,657
1,329
1,630,668
3,334
5,801,099
3,331
1,715
3,365
1,526
1,884,183
1,505
595,491
1,662
182,998
1,651
40,118
2,230
6,183
3,091
824,789
1,686
2,708,972
1,556
(23,464)
(23,464)
Less:
Administrative exp.
51,175
47
8,101
47
105
47
59,380
47
16,990
47
5,257
47
853
47
95
47
23,195
47
82,575
47
113,052
105
17,896
105
231
105
131,179
105
37,533
105
11,613
105
1,885
105
210
105
51,241
105
182,420
105
69
11,749
152
69
86,122
Financial charges
74,221
Export expenses
69
-
69
-
24,642
69
7,624
69
1,237
69
138
69
33,641
69
119,763
69
259,755
725
80,372
725
13,042
725
1,450
725
354,619
725
354,619
204
Other charges
91,350
85
14,460
85
187
85
105,997
85
30,328
85
9,384
85
1,523
85
169
85
41,405
85
147,402
85
Other income
(103,206)
(96)
(16,337)
(96)
(211)
(96)
(119,755)
(96)
(34,265)
(96)
(10,602)
(96)
(1,720)
(96)
(191)
(96)
(46,778)
(96)
(166,533)
(96)
226,592
210
35,869
210
463
210
262,924
210
334,984
935
103,649
935
16,820
935
1,870
935
457,322
935
720,246
414
1,361,335
1,261
257,022
1,505
2,902
1,316
1,621,259
1,295
260,507
727
79,349
716
23,298
1,295
4,313
2,156
367,467
751
1,988,726
1,142
2 0 0 8
Quantity in Tonne
Quantity in Tonne
Particulars
LOCAL SALES
CEMENT
OPC
Quantity sold
CLINKER
SRC
1,029,365
CEMENT
TOTAL
SLAG
239,799
TOTAL
EXPORT SALES
GROUND
OPC
10,623
1,279,787
GROUND
CLINKER
SRC
89,822
TOTAL
SLAG
500
35,000
11,953
137,275
1,417,062
Product wise Profitability

2 0 0 8
LOCAL SALES
Particulars
CEMENT
OPC
Rs. in '000
Net Sales
Less:
Cost of production
Inv. Adjust. (Finished)
Cost of goods sold
Gross profit
Less:
Administrative exp.
Financial charges
Export expenses
Other charges
Other income
SRC
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
EXPORT SALES
GROUND
SLAG
CLINKER
Rs./Ton
Rs. in '000
CEMENT
TOTAL
Rs./Ton
Rs. in '000
OPC
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
TOTAL
GROUND
SLAG
CLINKER
SRC
Rs./Ton
Rs. in '000
TOTAL
Rs./Ton
Rs. in '000
Rs./Ton
Rs. in '000
Rs./Ton
3,581,612
3,479
856,980
3,574
27,722
2,610
4,466,314
3,490
370,865
4,129
2,340
4,680
113,763
3,250
48,068
4,021
535,036
3,898
5,001,350
3,529
2,877,597
(14,107)
2,863,490
2,796
2,782
660,944
(6,290)
654,654
2,756
2,730
20,398
(225)
20,173
1,920
1,899
3,558,939
(20,622)
3,538,317
2,781
2,765
251,099
(1,231)
249,868
2,796
2,782
1,378
(13)
1,365
2,756
2,730
74,898
74,898
2,140
2,140
22,952
(254)
22,698
1,920
1,899
350,327
(1,498)
348,829
2,552
2,541
3,909,266
(22,120)
3,887,146
2,759
2,743
844
7,549
711
927,997
725
120,997
1,347
975
1,950
38,865
1,110
25,369
2,122
186,207
1,356
1,114,204
26
97
111
40
(20)
254
276
1,027
1,183
422
(214)
2,693
26
97
111
40
(20)
254
33,242
123,697
142,519
50,783
(25,779)
324,461
26
97
111
40
(20)
254
2,333
8,682
10,003
58,091
3,564
(1,809)
80,863
26
97
111
647
40
(20)
900
13
48
56
324
20
(10)
450
22,652
22,652
647
647
310
1,155
1,331
7,778
474
(241)
10,809
590
4,856
457
603,537
472
[ 15 ]
40,134
447
524
16,213
463
14,561
718,122
698
26,737
99,492
114,632
40,846
(20,735)
260,972
26
97
111
40
(20)
254
457,150
444
202,326
6,229
23,178
26,704
9,515
(4,830)
60,796
141,530
26
96
112
648
40
(20)
900
1,048
26
97
111
651
40
(20)
904
1,218
786
2,656
9,885
11,390
88,845
4,058
(2,060)
114,774
19
72
83
647
30
(15)
836
35,898
133,582
153,909
88,845
54,841
(27,839)
439,236
25
94
109
63
39
(20)
310
71,432
520
674,967
476

STATEMENT OF PRODUCTION CAPACITY
under Rule 4(1)(a) of Companies
(Audit of Cost Accounts) Rule 1998
As at June 30, 2009 as compared with June 30, 2008
Machine Hours
Departments
Licensed /
Installed
Capacity
2009
Utilized Capacity
2008
% of Installed
Utilized Capacity
Capacity
% of Installed
Capacity
Kiln - I
7,200
7,375
102.43
6,972
96.83
Kiln - II
7,200
7,462
103.64
6,018
83.58
14,400
14,837
103.03
12,990
90.21
Cement Mill - I
7,200
6,097
84.68
5,147
71.49
Cement Mill - II
7,200
5,172
71.83
4,787
66.49
Cement Mill - III
7,200
5,004
69.50
4,399
61.10
Cement Mill - IV
7,200
6,041
83.90
3,925
54.51
28,800
22,314
77.48
18,258
63.40
Total
Total
Production Units (Tonne)

Departments
Licensed /
Installed
Capacity
2009
Utilized Capacity
2008
% of Installed
Utilized Capacity
Capacity
% of Installed
Capacity
Kiln - I
720,000
750,508
104.24
698,860
97.06
Kiln - II
990,000
928,111
93.75
660,906
66.76
1,710,000
1,678,619
98.16
1,359,766
79.52
Cement Mill - I
792,000
534,625
Cement Mill - II
324,000
174,216
53.77
116,755
36.04
Cement Mill - III
720,000
457,489
63.54
408,787
56.78
Cement Mill - IV
720,000
555,335
77.13
355,534
49.38
2,556,000
1,721,665
67.36
1,364,511
53.38
Total
Total
Chief Executive
Karachi: 22 OCT 2009
67.50
483,435
Chief Financial Officer
61.04

STATEMENT UNDER RULE 4(1)(b) OF COMPANIES
AUDIT OF COST ACCOUNTS RULES, 1998
STOCK IN TRADE FOR THE YEAR ENDED JUNE 30, 2009

AND COMPARED WITH JUNE 30, 2008
(Rupees in '000)
2009
Quantity
( MT )
2008
Cost in
Rupees
Quantity
( MT )
Cost in
Rupees
Stock of Raw and Packing Material :

Shale & Overburden
Lime stone
Iron ore / Bauxitic Iron
Gypsum
Slag
Salica Sand
Packing bags
Sub Total : -
2,758
59,314
15,578
40,885
8,985
3,208
2,885,495
Tonne
Tonne
Tonne
Tonne
Tonne
Tonne
Nos.
505
10,689
9,704
60,860
9,144
1,285
51,787
143,974
12,807 Tonne
16,047 Tonne
124,083 Tonne
7,839 Tonne
131,922
160,776
7,976
116,860
32,294
22,946
6,026
12,116
2,765,204
Tonne
Tonne
Tonne
Tonne
Tonne
Tonne
Nos.
510
19,484
21,919
21,678
5,611
3,727
43,583
116,511
3,325
6,624
19,009 Tonne
13,353 Tonne
4,391
4,982
337,405
21,316
181,879
23,910
368,670
82,873 Tonne
10,993 Tonne
93,866
126,228
215,162
23,223 Tonne
8,478 Tonne
31,701
73,835
27,094
100,929
24,248 Tonne
4,950 Tonne
29,198
63,978
12,569
76,547
211 Tonne
361
787 Tonne
1,279
Stock of Work-in-Process :
Stock Pile Formation
Raw Meal
Clinker :
OPC
SRC
Sub Total : -
Stock of Finished Products :

Ordinary Portland Cement
Sulphate Resisting Cement
Sub Total : Ground Slag
Grand Total : -
613,934
409,499
Notes:
01.
In terms of clause 3(2) of Companies (Audit of Cost Audit) Rules, 1998 (SRO:846/(1)/98 dt. July 24, 1998,
the Cost Auditor was appointed by the directors with the prior approval of Securities & Exchange
Commission of Pakistan within sixty days of the close of financial year of the company.
02.
In view of the above mentioned constraints appointing the Cost Auditors after the close of the financial
year; they were not present on the date of physical stock taking as of the close of the financial year. Under
the situation, the physical stock taking carried out by the management and witnessed and certified by the
statutory auditors as of June 30, 2009 was relied upon for the purpose of the above metnioned statement
of stock in trade (under clause (4)(1)(b) of Companies (Audit of Cost Accounts) Rules, 1998.
Chief Executive
Karachi: 22 OCT 2009

Annexure-I
NAME OF DEPARTMENT - QUARRY
FOR THE YEAR ENDED JUNE 30, 2009
A. Quantitative Data
Opening stock at quarry

Quantity quarried
Total available stock
Quantity transported to crusher
Stock adjustment (if any)
Closing stock at quarry
2009
Tonne
124,836
2,512,273
2,637,109
2,575,037
62,072
2008
Tonne
114,518
2,094,610
2,209,128
2,084,292
124,836
Increase/(Decrease)
Tonne
10,318
417,663
427,981
490,745
(62,764)
B. Cost Statement
Cost
Direct Departmental Costs:

Explosives (if any)
Royalty and duties
Labour cost
Salaries
Employee's other benefits
Contract Labour
Insurance
Stores & spares
Diesel-oil
Depreciation
Sub-Total :
2009
Rs. in '000'
Rs.Per Tonne
2008
Rs. in '000'
Rs.Per Tonne
25,482
75,255
29,908
7,514
9,490
4,628
2,422
4,223
2,781
3,726
18,763
184,192
10.14
29.95
11.90
2.99
3.78
1.84
0.96
1.68
1.11
1.48
7.47
73.32
17,011
81,178
20,733
5,209
6,579
3,208
1,554
3,464
2,309
4,741
18,216
164,201
8.12
38.76
9.90
2.49
3.14
1.53
0.74
1.65
1.10
2.26
8.70
78.39
35,759
14.23
23,443
11.19
35,759
14.23
23,443
11.19
219,951
87.55
187,644
89.58
19,994
18,053
Total cost of available stock :
239,945
90.99
205,697
93.11
C. Cost Distribution
Cost transferred to crusher.
Cost of closing stock.
228,751
11,194
88.83
-
185,703
19,994
89.10
-
239,945
90.99
205,697
93.11
Indirect Departmental Costs :

Compressed Air (Annexure IX)
Power (Annexure X)
Other Factory Expenses (Annexure XI)
Sub-Total :
Total cost of the period
Add : cost of opening stock
Total cost accounted for:
Chief Executive

Annexure-II
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - TRANSPORTATION
2009
Tonne
Quantity transported from quarry :
(i) Shale/Overburden
(ii) Lime Stone
(iii) Gypsum
Total:
Increase/(Decrease)
Tonne
2008
Tonne
1,500,726
1,074,310
1,390,585
693,707
110,141
380,603
2,575,036
2,084,292
490,744
B. Cost Statement
Cost
Direct Departmental Costs :
(a) Outside contract costs
of transportation :
(ii) Lime Stone
(iii) Gypsum
Sub-Total (a) :
2009
2008
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
102,010
95,370
197,380
67.97
88.77
76.65
71,967
48,677
120,644
Increase/(Decrease)
Rs. in '000' Rs.perTonne
51.75
70.17
57.88
30,043
46,693
76,736
16.22
18.60
18.77
(b) Own transportation costs :

Duties (if any)
Labour costs
Salaries
Indirect materials
Insurance
Fuel Oil
Greases
Gas
Tyres and tubes
Depreciation
Other Overheads
Sub-Total (b) :
Power (Annexure X)
Other Factory Expenses
(Annexure XI)
Sub-Total :
Total own transportation cost:
(c) Total transportation cost
197,380
76.65
120,644
57.88
76,736
18.77
C. Cost Distribution.
Apportioned to :
(ii) Lime Stone
(iii) Gypsum
Total :
102,010
95,370
197,380
67.97
88.77
76.65
71,967
48,677
120,644
51.75
70.17
57.88
30,043
46,693
76,736
16.22
18.60
18.77
Chief Executive

Annexure-III
NAME OF DEPARTMENT - CRUSHING
Opening Stock (uncrushed material).
Shale/Overb. - Tonne
Lime Stone -Tonne
2009
2009
2008
Total (Tonne)
2008
2009
2008
Add : Received from quarry
1,500,726
1,390,585
1,074,310
693,707
2,575,036
2,084,292
Total available for crushing :
1,500,726
1,390,585
1,074,310
693,707
2,575,036
2,084,293
Less : Closing Stock (uncrushed
material).
Crushed during the period
Add : Opening Stock (Crushed material).
Total Crushed Material Available :
Less : Closing Stock (Crushed material).
1,500,726
1,390,585
1,500,726
1,390,585
1,074,310
693,707
1,074,310
693,707
2,575,036
2,084,293
19,009
11,281
2,594,045
2,095,574
12,807
19,009
Transferred to raw mill.
2,581,238
2,076,565
Stock Adjustment.
Stock Reconciliation :
Total :
2,581,238
2,076,565
B. Cost Statement
2009
Increase/(Decrease)
2008
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
Labour cost.
2,050
0.80
1,421
Salaries
4,126
1.60
2,860
0.68
629
0.11
1.37
1,266
Employee's other benefits.
2,361
0.92
1,637
0.23
0.79
724
0.13
Contract Labour
Stores & spares
19,078
5,006
1.94
6,004
2.88
(998)
346
0.13
222
0.11
124
Depreciation
14,675
5.70
13,459
6.46
1,216
(0.76)
Sub-Total (a) :
47,642
18.50
42,693
20.48
4,949
(1.98)
Insurance.
1,988
17,090
Repair and maintenance.
8.20
7.41
(0.79)
(0.94)
0.03

Compressed Air (Annexure IX).
Power (Annexure X).
22,309
8.66
16,271
7.81
6,038
0.86
41,380
16.07
26,490
12.71
14,890
3.36
63,689
24.73
42,761
20.52
20,928
4.22
111,331
43.23
85,454
41.00
25,877
2.24
(Annexure XI)
Sub-Total (b) :
Total Cost(a+b) :

Annexure-III
Cont'd
(On time or other appropriate basis)
2009
2008
Increase/(Decrease)
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
Shale/Overburden
Lime Stone.
Gypsum.
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
D. Cost Transferred and Cost of

Closing Stock Cost Summary
2009
(a) Opening Stock (Uncrushed).

(b) Cost received
2008
Increase/(Decrease)
228,751
88.83
185,703
89.10
43,048
(0.26)
197,380
76.65
120,644
57.88
76,736
18.77
426,131
165.49
306,347
146.98
119,784
18.51
(during the year) - quarry

Cost received
(during the year) - transport
(c) Total Cost for uncrushed materials

(a+b)
(d) Cost applicable for closing stock
(uncrushed).
(e) Cost applicable for crushed material

(c-d).
426,131
165.49
306,347
146.98
119,784
18.51
111,331
43.23
85,454
41.00
25,877
2.24
4,391
231.00
2,428
215.23
1,963
15.77
541,854
208.88
394,229
188.12
147,625
20.76
3,325
259.62
4,391
231.00
538,529
208.63
389,838
187.73
(f) Cost of crushing process

(from above)
(g) Opening stock (crushed material).
(h) Total cost applicable to crushed

material (e + f + g).
(j) Closing stock (crushed material).
(k) Cost transferred to Raw mill (h-j).
Chief Executive
(1,066)
148,691
28.63
20.90

Annexure-IV
NAME OF DEPARTMENT - STOCK HALL STORAGE/ISSUAGE OF RAW MATERIAL
Shale/Overburden
Lime Stone
Gypsum
For the year
Last year
For the year
Last year
For the year
Last year
tonne
tonne
tonne
tonne
tonne
tonne
Opening Stock.
Received from crusher.
Purchased.
Total
Issued to Mix/Slurry.
Stock Adjustment.
Closing Stock.
B. Cost Statement
For the year
Rs. 000
per tonne
Last year
Rs. 000
per tonne
Labour Costs :
Salaries.
Employees' other benefits.
Indirect materials.
Repairs and maintenance.
Insurance.
Fuel-Oil.
Gas
Depreciation
Other Overheads
Sub-Total (a) :
Power (Annexure X)
Other Expenses (Annexure XI).
Sub-Total (b) :
Total Cost (a+b) :
C: Cost Distribution
Quantity issued to
Raw Mill
(tonnes)
Cost of Stock Hall

Applicable to issues
Closing Stock
----------------------------------- ----------------------------------Rs. in '000
Shale/Overburden
Lime Stone.
Gypsum.
Cost of Applicable to
Rs. / Tonne
Rs. in '000
Rs. / Tonne
Total.
D. Cost Summary (Upto Stock Hall Stage)
Cost Transferred and Cost of closing Stock:
Shale/Overburden
Rs. in '000
Rs. / Tonne
Lime Stone
Rs. in '000
Rs. / Tonne
Gypsum
Rs. in '000
Opening Stock.
Add : Received from Crusher/
purchases.
Stock Hall
Cost.
Total :
Less: Cost of closing stock.
Cost applicable to quantities
issued to Raw Mill.
Chief Executive
Rs. / Tonne

Annexure-V
NAME OF DEPARTMENT - RAW MILL (FOR MIX/SLURRY)
Opening Stock.
Received from Crushing.
Add: Iron ore
Bauxitic Iron/Slica sand
Total:
Issued for Mix/Slurry.
Total Mix/Slurry made.
Mix/Slurry transferred to clinkering.
Stock Adjustment.
Closing Stock.
Shale/Overburden
Tonne
2009
2008
1,577,137
1,394,205
1,577,137
1,394,205
-
Lime Stone
Tonne
2009
2008
1,004,101
682,359
1,004,101
682,359
-
Mix/Slurry
Tonne
2009
2008
13,353
9,236
2,581,238
2,076,564
86,484
70,640
20,762
32,537
2,701,837
2,188,978
2,701,837
2,188,978
2,701,837
2,188,978
2,685,790
2,175,626
16,047
13,353
B. Cost Statement
2009
Rs. in '000'
2008
Rs.perTonne
Rs. in '000'
Increase/(Decrease)
Rs.perTonne
Rs. in '000'
Rs.perTonne
Direct Material :
(1) Opening Stock
(2) Received from crushing
(3) Total.
(4) Closing Stock.
538,529
538,529
-
208.63
208.63
-
389,838
389,838
-
187.73
187.73
-
148,691
148,691
-
20.90
20.90
-
Cost of raw materials processed (3)-(4)
538,529
208.63
389,838
187.73
148,691
20.90
Direct Departmental Costs:

Diect material
Labour
Salaries
Contract labour
Repairs and maintenace
Stores & spares
Linning plate
Grinding media
Water
Dereciation
Insurance.
Sub-Total (a) :
65,100
4,460
3,585
3,471
12,236
55,644
7,335
3,132
748
65,456
4,844
764,539
607.02
1.66
1.33
1.29
4.55
20.70
2.73
1.16
0.28
24.35
1.80
284.38
57,292
3,092
2,485
2,406
10,844
25,946
12,314
8,630
394
55,431
3,107
571,781
555.28
1.42
1.14
1.10
4.97
11.90
5.65
3.96
0.18
25.43
1.43
262.32
7,808
1,368
1,100
1,065
1,392
29,698
(4,979)
(5,498)
354
10,025
1,737
192,758
51.74
0.24
0.19
0.19
(0.42)
8.79
(2.92)
(2.79)
0.10
(1.08)
0.38
22.06
156,292
82,670
58.13
30.75
119,336
63,249
54.75
29.02
36,956
19,421
88.88
373.26
373.26
182,585
754,366
3,239
757,605
83.76
346.08
346.10
56,377
249,135
1,743
250,878

Power (Annexure X
(Annexure XI)
Sub-Total (b) :
Total Cost (a+b) :
Cost of opening stock
Total cost of slurry available
238,962
1,003,501
4,982
1,008,483
3.39
1.73
5.12
27.18
27.16
Transferred to Kiln
Closing stock of mix/slurry
Total :
Chief Executive
2009
Rs. in '000'
Rs.perTonne
1,001,859
373.02
6,624
1,008,483
373.26
2008
Increase/(Decrease)
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
752,623
345.93
249,236
27.09
4,982
1,642
757,605
346.10
250,878
27.16

Annexure-VI (A)
NAME OF DEPARTMENT - KILN
A. Quantitative Data - OPC
Increase/(Decrease)
Tonne
451,922
451,922
Opening Stock.
Quantity received from Raw Mill.
Total :
2009
Tonne
2,252,610
2,252,610
2008
Tonne
1,800,688
1,800,688
Quantity fed into (the) Kiln.

Stock Adjustment - Burning loss.
Closing Stock.
2,252,610
844,728
-
1,800,688
675,258
-
451,922
169,470
-
Clinker Produced.
Clinker purchased
Opening Stock of Clinker.
Total available stock :
Clinker transferred to Grinding.
Clinker sold (Local)
Clinker sold (Export)
Total clinker sold
Closing Stock of Clinker.
1,407,882
37,695
82,872
1,528,449
1,386,376
17,990
17,990
124,083
1,125,430
63,511
1,188,941
1,071,069
35,000
35,000
82,872
282,452
37,695
19,361
339,508
315,307
(17,010)
(17,010)
41,211
B: Cost Statement - OPC

2009
Rs. in '000'
Rs.perTonne
Cost received from Raw Mill :
(1) Opening Stock.
(2) Received during the year.
(3) Total
(4) Closing Stock.
Cost to be charged to the process (3) (4).
Local Clinker Purchase
Clinker handling charges
Labour.
Salaries.
Contract labour
Linning plate
Bricks
Coal / Gas / Oil
Water
Stores & spares
Depreciation.
Insurance.
Sub-Total (a) :
2008
Rs. in '000'
Rs.perTonne
840,259
840,259
840,259
373.02
373.02
596.83
632,203
632,203
632,203
351.09
351.09
561.74
111,230
15,630
5,161
28,393
5,510
8,621
3,060
14,350
1,991,126
6,193
8,343
25,396
168,616
12,479
3,244,368
2,950.79
11.10
3.67
20.17
3.91
6.12
2.17
10.19
1,414.27
4.40
5.93
18.04
119.77
8.86
2,304.43
9,919
3,578
19,683
3,820
5,976
2,613
16,552
1,231,120
3,263
8,576
23,788
140,913
7,899
2,109,902
8.81
3.18
17.49
3.39
5.31
2.32
14.71
1,093.91
2.90
7.62
21.14
125.21
7.02
1,874.75

Cont'd
Annexure-VI (A)

Power (Annexure X)
Other Factory Expenses (Annexure XI).
411,843
88,748
292.53
63.04
270,286
55,097
240.16
48.96
Sub Total (b) :
500,591
355.56
325,383
289.12
3,744,959
2,659.99
2,435,285
2,163.87
Total Cost (a+b) :

Opening Stock - Clinker - OPC
Total cost of clinker available
Less : Cost of clinker sold (if any).
Net Cost.
181,879
108,995
3,926,838
2,569.16
2,544,280
2,139.95
46,219
2,569.16
74,898
2,139.94
3,880,618
2,569.16
2,469,381
2,139.95
C. Cost Distribution - OPC

2009
Rs. in '000'
Rs.perTonne
Cost transferred to Grinding.
Cost of closing Stock of Clinker.
Total :
Chief Executive
3,543,213
337,405
3,880,618
2,555.74
2,569.16
2008
Rs. in '000'
Rs.perTonne
2,287,502
181,879
2,469,381
2,135.72
2,139.95

Annexure-VI (B)
A. Quantitative Data - SRC

2009
Tonne
2008
Tonne
Increase/(Decrease)
Tonne
Opening Stock.
433,181
374,938
58,243
Total :
433,181
374,938
58,243

Closing Stock.
433,181
162,443
-
374,938
140,602
-
58,243
21,841
-
Clinker Produced.
Clinker sold.
Stock Adjustment.
270,738
10,993
281,731
273,892
7,839
234,336
8,835
243,171
232,178
10,993
36,402
2,158
38,560
41,714
(3,154)
Total :
281,731
243,171
38,560
B: Cost Statement - SRC

2009
Rs. in '000'
Rs.perTonne
(1) Opening Stock.
(3) Total
(4) Closing Stock.
Cost to be charged to the process
(3) - (4).
Clinker handling
Salaries.
Employees' other benefits
Coal / Gas / Oil
Linning plate
Water
Stores & spares
Depreciation
Insurance
Sub-Total (a) :
2008
Rs. in '000'
Rs.perTonne
161,600
161,600
161,600
373.05
373.05
596.89
120,420
120,420
120,420
321.17
321.17
513.88
3,104
6,986
2,943
391,281
607
1,289
2,781
11,129
32,429
2,400
11.46
25.80
10.87
1,445.24
2.24
4.76
10.27
41.11
119.78
8.86
2,065
4,843
2,040
256,343
544
679
2,139
8,046
29,341
1645
8.81
20.67
8.71
1,093.91
2.32
2.90
9.13
34.34
125.21
7.02
616,549
2,277.29
428,105
1,826.88

Cont'd
Annexure-VI (B)

Power (Annexure X)
79,206
17,626
292.56
65.10
56,279
11,472
240.16
48.96
Sub Total (b) :
96,832
357.66
67,751
289.12
713,381
2,634.95
495,856
2,115.99
Total Cost (a+b) :

Opening Stock - Clinker
Less : Value of clinker sold (if any).
Net Cost.
23,910
737,291
2,617.00
15,162
511,018
737,291
2,617.00
511,018
2,101.47
2,101.47
C. Cost Distribution - SRC

2009
Rs. in '000'
Rs.perTonne
Total :
715,975
21,316
737,291
2,614.08
2,617.00
2008
Rs. in '000'
Rs.perTonne
487,108
23,910
511,018
Chief Executive
2,097.99
2,101.47

Annexure-VI
A. Quantitative Data - Combined (OPC + SRC)
Increase/(Decrease)
Tonne
510,165
510,165
Opening Stock.
Total :
2009
Tonne
2,685,791
2,685,791
2008
Tonne
2,175,626
2,175,626

Closing Stock.
2,685,791
1,007,171
-
2,175,626
815,860
-
510,165
191,311
-
Clinker Produced.
Clinker purchased
Clinker sold (Local)
Clinker sold (Export)
Total clinker sold
1,678,619
37,695
93,866
1,810,180
1,660,268
17,990
17,990
131,922
1,359,766
72,346
1,432,112
1,303,247
35,000
35,000
93,866
318,853
37,695
21,520
378,068
357,021
(17,010)
(17,010)
38,056
B: Cost Statement - Combined (OPC + SRC)

2009
Rs. in '000'
Rs.perTonne
2008
Rs. in '000'
Rs.perTonne

(1) Opening Stock.
(3) Total
(4) Closing Stock.
Cost to be charged to the process (3) (4).
1,001,859
1,001,859
1,001,859
373.02
373.02
711.61
752,623
752,623
752,623

Local Clinker Purchase
Clinker handling charges
Labour.
Salaries.
Contract labour
Linning plate
Bricks
Coal / Gas / Oil
Water
Stores & spares
Depreciation.
Insurance.
Sub-Total (a) :
111,230
18,734
5,161
35,379
8,453
8,621
3,667
14,350
2,382,407
7,482
11,124
36,525
201,045
14,879
3,860,916
2,950.79
11.16
3.07
21.08
5.04
5.14
2.18
8.55
1,419.27
4.46
6.63
21.76
119.77
8.86
2,300.06
11,984
3,578
24,526
5,860
5,976
3,157
16,552
1,487,463
3,942
10,715
31,834
170,254
9,544
2,538,007
8.81
2.63
18.04
4.31
4.39
2.32
12.17
1,093.91
2.90
7.88
23.41
125.21
7.02
1,866.50
345.93
345.93
668.74

Cont'd
Annexure-VI

Power (Annexure X)
491,049
106,374
292.53
63.37
326,565
66,569
240.16
48.96
Sub Total (b) :
597,423
355.90
393,134
289.12
4,458,339
2,655.96
2,931,140
2,155.62
Total Cost (a+b) :

Opening Stock - Clinker
Less : Cost of clinker sold (if any).
Net Cost.
205,789
124,157
4,664,128
2,576.61
3,055,297
2,133.42
46,219
2,569.16
74,898
744.31
4,617,909
2,576.61
2,980,399
2,133.42
C. Cost Distribution - Combined (OPC + SRC)

2009
Rs. in '000'
Rs.perTonne
Total :
Chief Executive
4,259,188
358,721
4,617,909
2,565.36
2,576.61
2008
Rs. in '000'
Rs.perTonne
2,774,610
205,789
2,980,399
2,129.00
2,133.42

Annexure-VII (A)
NAME OF DEPARTMENT - GRINDING (CEMENT)

2009
Tonne
2008
Tonne
Opening Stock (Clinker) :

Clinker received from Kiln.
Stock Adjustment - Inter transfers :(Annex-VII-C)
Material added - Gypsum
- Slag
Total :
Clinker fed into Grinding.
Stock Adjustment.
1,386,376
50,070
1,436,446
1,436,446
-
1,071,069
50,951
1,122,020
1,122,020
-
Opening Stock of Cement.

Cement produced.
Total available stock:
Cement produced as % of input.
Cement transferred to silos.
Stock Adjustment.
Closing Stock of Cement.
24,248
1,436,446
1,460,694
100
1,437,471
23,223
21,416
1,122,020
1,143,436
100
1,119,188
24,248
Tonne
315,307
(881)
314,426
314,426
2,832
314,426
317,258
318,283
(1,025)
B. Cost Statement
2009
Rs. in '000'
2008
Rs.perTonne
Rs. in '000'
Rs.perTonne
Cost received from Kiln :

(1) Opening Stock.
(3) Inter transfers.
(4) Total cost of Clinker.
(5) Cost of Closing Stock (Clinker).
3,543,213
3,543,213
-
2,555.74
2,555.74
-
2,287,502
2,287,502
-
2,135.72
2,135.72
-
Cost of clinker fed to Grinding process
3,543,213
2,466.65
2,287,502
2,038.74
69,121
3,270
5,825
3,031
1,536
23,519
52,130
23,847
4,450
1,845
128,724
9,519
48.12
2.28
4.06
2.11
1.07
16.37
36.29
16.60
3.10
1.28
89.61
6.63
48,717
2,267
4,038
2,101
1,065
12,238
10,456
11,228
3,772
972
106,039
6,023
43.42
2.02
3.60
1.87
0.95
10.91
9.32
10.01
3.36
0.87
94.51
5.37
3,870,031
2,694.17
2,496,418
2,224.93

Material added :
Gypsum.
Labour.
Salaries.
Contract labour
Grinding media
Linning plate
Stores & spares
Water.
Depreciation.
Insurance.
Sub-Total (a) :
Cont'd
Annexure-VII (A)

Compressed Air (Annex IX).
Power (Annex.......X)
Other factory Expenses (Annex XI).
Sub-Total (b) :
Total Cost (a+b) :
Less: Transfer to Ground Slag
305,023
126,927
212.35
88.36
201,570
79,945
431,950
300.71
281,516
250.90
4,301,981
2,994.88
2,777,933
2,475.83
4,301,981
Opening stock - Cement
63,978
Cost of Cement available
2,994.88
-
2,777,933
48,640
179.65
71.25
2,475.83
-
4,365,959
2,988.96
2,826,573
1,856.53
Cost transferred to Silos.

Cost of Closing Stock of Cement
4,292,124
73,835
2,985.89
-
2,762,595
63,978
2,468.39
-
Total :
4,365,959
2,988.96
2,826,573
2,472.00
Chief Executive

Annexure-VII (B)

Stock Adjustment - Inter transfers :
- Slag
Total :
Stock Adjustment.
Cement produced.
Stock Adjustment.
2009
Tonne
273,892
11,327
285,219
285,219
-
2008
Tonne
232,178
10,313
242,491
242,491
-
4,950
285,219
290,169
100
281,691
8,478
2,759
242,491
245,250
100
240,299
4,950
Tonne
41,714
1,014
42,728
42,728
2,191
42,728
44,919
41,392
3,528
B. Cost Statement
2009
Rs. in '000'
(1) Opening Stock.

Material added :
Gypsum.
Labour.
Salaries.
Contract labour
Grinding media
Linning plate
Stores & spares
Water.
Depreciation.
Insurance.
Sub-Total (a) :
2008
Rs.perTonne
Rs. in '000'
Rs.perTonne
715,975
2,614.08
487,108
2,097.99
715,975
-
2,614.08
-
487,108
-
2,097.99
-
715,975
2,510.26
487,108
2,008.77
13,728
707
1,259
655
332
4,671
10,219
1,590
2,781
397
25,566
1,899
48.13
2.48
4.42
2.30
1.16
16.38
35.83
5.57
9.75
1.39
89.64
6.66
10,529
490
873
454
230
2,430
2,316
1,482
1,918
210
22,917
1,302
43.42
2.02
3.60
1.87
0.95
10.02
9.55
6.11
7.91
0.87
94.51
5.37
779,778
2,733.96
532,258
2,194.96

Annexure-VII (B)
Cont'd

60,580
25,466
212.40
89.29
86,046
Total Cost (a+b) :

43,563
17,278
38.83
15.40
301.68
60,841
54.22
865,824
3,035.65
593,100
2,445.86
865,824
3,035.65
Sub-Total (b) :
593,100
6,266
2,445.86
12,569
878,393
3,027.18
599,366
2,443.90

851,299
27,094
3,022.10
-
586,797
12,569
2,441.95
-
Total :
878,393
3,027.18
599,366
2,443.90
Chief Executive

Annexure-VII

2009
Tonne
2008
Tonne

Stock Adjustment - Inter transfers :(Annex-VII-C)
- Slag
Total :
Stock Adjustment.
1,660,268
61,397
1,721,665
1,721,665
-
1,303,247
61,264
1,364,511
1,364,511
-

Cement produced.
Stock Adjustment.
29,198
1,721,665
1,750,863
100
1,719,162
31,701
24,175
1,364,511
1,388,686
100
1,359,487
29,198
Tonne
357,021
133
357,154
357,154
5,023
357,154
362,177
359,675
2,503
B. Cost Statement - Combined (OPC + SRC)

2009
Rs. in '000'
2008
Rs.perTonne
Rs. in '000'
Rs.perTonne

(1) Opening Stock.
4,259,188
4,259,188
-
2,565.36
2,565.36
-
2,774,610
2,774,610
-
2,129.00
2,129.00
-
4,259,188
2,473.88
2,774,610
2,033.41
82,849
3,977
7,084
3,686
1,868
28,190
62,349
25,437
7,230
2,242
154,290
11,418
48.12
2.31
4.11
2.14
1.09
16.37
36.21
14.77
4.20
1.30
89.62
6.63
59,246
2,757
4,911
2,555
1,295
14,668
12,772
12,710
5,690
1,182
128,956
7,325
43.42
2.02
3.60
1.87
0.95
10.75
9.36
9.31
4.17
0.87
94.51
5.37
4,649,809
2,700.76
3,028,676
2,219.61

Material added :
Gypsum.
Labour.
Salaries.
Contract labour
Grinding media
Linning plate
Stores & spares
Water.
Depreciation.
Insurance.
Sub-Total (a) :

Annexure-VII
Cont'd

Sub-Total (b) :
Total Cost (a+b) :
365,603
152,393
212.35
88.51
245,134
97,223
517,996
300.87
342,357
250.90
5,167,805
3,001.63
3,371,033
2,470.51
5,167,805
76,547
3,001.63
-
3,371,033
54,906
179.65
71.25
2,470.51
-
5,244,352
2,995.30
3,425,939
2,467.04

5,143,423
100,929
2,991.82
-
3,349,392
76,547
2,463.72
-
Total :
5,244,352
2,995.30
3,425,939
2,467.04
C. Cost Distribution - Combined (OPC + SRC)
Chief Executive

Annexure-VIII (A)
NAME OF DEPARTMENT - PACKING & STORAGE
Opening stock of Cement (Un-packed).

Add : Cement received from Grinding dept.
Total :
Less : Closing stock of cement (Un-packed).
Cement sold during the period : Packed
Bulk
Add: Opening stock of cement (packed) (No. of bags)
Less : Quantity sold (No. of bags).
Closing stock of cement (packed). (No. of bags).
Stock adjustment (if any). (No. of bags).
2009
Tonne
1,437,471
1,437,471
1,272,667
164,804
1,437,471
25,453,340
-
2008
Tonne
1,119,188
1,119,188
1,100,846
18,342
1,119,188
22,016,924
-
Tonne
318,283
318,283
171,821
146,462
318,283
-
B. Cost Statement
2,985.89
2008
Rs. in '000'
2,762,595
430,262
1,868
3,113
1,717
36
15,017
579
7,818
4,752,533
338.08
1.47
2.45
1.35
0.03
11.80
0.45
6.14
3,347.65
288,628
1,295
2,158
1,190
25
15,843
365
6,519
3,078,619
262.19
1.16
1.93
1.06
0.02
14.16
0.33
5.82
2,755.06

Power (Annex X).
Other Factory Expenses (Annexure XI) :
Sub-Total (b) :
Total Cost (a+b)
Less : Cost applicable to un-packed closing stock.
Cost applicable to packed closing stock.
Balance : Cost of packed cement sold
Local
Cost of loose cement sold (if any)
10,578
41,712
52,290
4,804,823
4,303,286
501,537
8.31
32.78
41.09
3,388.74
3,381.31
3,043.23
7,454
25,688
33,142
3,111,761
3,069,494
42,267
6.66
22.95
29.61
2,784.67
2,788.30
2,304.38
Cost of Total cement sold :
4,804,823
3,388.74
3,111,761
2,784.67
Cost of opening stock-unpacked.

Cost transferred in from cement Grinding dept.
Packing materials.
Labour.
Salaries
Contractor Labour
Insurance
Depreciation
Sub-Total (a) :
Chief Executive
2009
Rs. in '000'
4,292,124
Rs.perTonne
Rs.perTonne
2,468.39

Annexure-VIII (B)

Total :
Bulk
Add: Opening stock of cement (packed)(No. of bags)
2009
Tonne
281,691
281,691
261,914
19,777
281,691
-
2008
Tonne
240,299
240,299
213,124
27,175
240,299
-
5,238,280
-
4,262,480
-
Tonne
41,392
41,392
48,790
(7,398)
41,392
-
B. Cost Statement

Packing materials.
Labour.
Salaries
Contractor Labour
Insurance
Depreciation
Sub-Total (a) :
Power (Annex X).
Sub-Total (b) :
2009
Rs. in '000'
851,299
322.03
1.53
2.55
1.40
0.03
8.49
0.43
5.85
3,364
55,879
278
463
255
5
3,402
78
1,400
648,558
84,344
401
668
368
7
2,225
113
1,533
940,958
3,022
2008
Rs. in '000'
586,797
Rs.perTonne
Rs.perTonne
2,442
262.19
1.16
1.93
1.06
0.02
14.16
0.32
5.83
2,729
2,073
8,132
10,205
7.91
31.05
38.96
1,600
5,515
7,116
6.66
22.95
29.61
Total Cost (a+b)

951,163
890,305
60,858
3,403.39
3,399.23
3,077.20
655,674
587,843
67,830
2,758.22
2,758.22
2,496.04
951,163
3,403.39
655,674
2,758.22
Chief Executive

Annexure-VIII

Total :
Bulk
Add: Opening stock of cement (packed) (No. of bags)
2009
Tonne
1,719,162
1,719,162
1,534,581
184,581
1,719,162
30,691,620
-
2008
Tonne
1,359,487
1,359,487
1,313,970
45,517
1,359,487
26,279,400
-
Tonne
359,675
359,675
220,611
139,064
359,675
4,412,220
-
B. Cost Statement - Combined (OPC + SRC)

2009
Rs. in '000'
Packing materials.
Labour.
Salaries
Contractor Labour
Insurance
Depreciation
Sub-Total (a) :
Rs.perTonne
2008
Rs. in '000'
3,349,392
Rs.perTonne
5,143,423
2,991.82
514,606
2,269
3,781
2,084
43
17,242
692
9,351
5,693,491
335.34
1.48
2.46
1.36
0.03
11.24
0.45
6.09
3,350
344,507
1,573
2,622
1,445
30
19,245
444
7,919
3,727,177
262.19
1.16
1.93
1.06
0.02
14.16
0.33
5.82
2,750

Power (Annex X).
Sub-Total (b) :
Total Cost (a+b)
Local
12,651
49,844
62,495
5,755,986
5,193,591
562,395
8.24
32.48
40.72
3,390.99
3,384.37
3,046.87
9,054
31,204
40,258
3,767,435
3,652,832
114,603
6.66
22.95
29.61
2,780.00
2,780.00
2,517.81
5,755,986
3,390.99
3,767,435
2,780.00
Chief Executive
2,463.72

Annexure-IX
NAME OF THE DEPARTMENT - AIR COMPRESSING
For the year
Last year
For the year
Last year
Quantity
Cost
Compressed Air produced.
B. Cost Statement

Labour.
Salaries.
Indirect materials.
Insurance.
Fuel-Oil.
Gas
Depreciation
Purchased Power.
Other Overheads.
Sub-Total (a) :
Power (Annexure X).
Other Expenses (Annexure IX).
Sub-Total (b) :
Total Costs (a+b) :
Departments using compressed air :
Chief Executive

Annexure-X
STATEMENT SHOWING THE COST OF POWER GENERATED/PURCHASED AND CONSUMED
2009
KWH
Installed capacity KWH
No. of Units Generated.
No. of Units purchased.
Total :
self - consumption in power house.
Losses.
Net units consumed by various other depts :
(1) Percentage of loss to total power
generated and purchased.
(2) Percentage of power generated to
installed capacity
2008
KWH
199,481,000
199,481,000
-
Increase/(Decrease)
KWH
166,488,000
166,488,000
-
32,993,000
32,993,000
-
B. Cost Statement
Cost per unit of power
generated and purchased
S.No.
1.
2.
3.
4.
5.
6.
7.
8.
Particulars
Quantity
Units
Rate
Rs.
Amount
Rs.
2009
Rs.
2008
Rs.
Fuel Oil/Steam consumed.

Other materials (specify).
Consumable Stores.
Other Direct charges.
Salaries and wages.
Other Overheads.
Depreciation.
Total :
Less : (1) Supplies to other units of the
company. (not engaged in the manufacture of
cement.).
1,345,333
5.25
7,063
5.25
4.30
Net Cost of power Generated.

Purchased power
(on actual consumption basis).
198,135,667
5.25
1,040,842
5.25
4.30
Total Power Consumption :
199,481,000
5.25
1,047,905
5.25
4.30
Cost per unit (average).
Annexure-X
Cont'd
Consumed in
- Lime stone, Clay, Gypsum Quarry.
- Transportation.
- Crushing.
- Stock Hall.
- Raw Mill.
- Kiln (OPC & SRC).
- Cement Grinding (OPC & SRC)
- Storage and Packing (OPC & SRC)
- Air Compressing.
- Others.
Total Cost distributed :
Chief Executive
2009
Rs.
Increase/
2008
Rs.
(Decrease)
22,309
156,292
491,049
365,603
12,651
-
16,271
119,336
326,565
245,134
9,054
-
6,038
36,956
164,484
120,469
3,597
-
1,047,904
716,360
331,544

Annexure-XI
DEPARTMENT COST STATEMENT
OTHER FACTORY EXPENSES - FACTORY GENERAL
A. Cost Statement
2009
Rs. in '000'
2008
Rs. in '000'

Salaries & wages
Stores / Spares and Repairs / maintenance
Depreciation
Miscellaneous Expenses
266,998
175,660
37,473
24,654
9,368
6,163
154,580
101,699
468,421
308,177
B. Cost Distribution
2009
Rs. in '000'
2008
Rs. in '000'
Lime stone, Clay, Quarry

Transportation
Crushing
Stock Hall
Raw Mills
Kilns
Cement Grinding
Packing and Storage
Air Compressing (if any)
Power Generating (if any)
35,759
41,380
82,670
106,374
152,393
49,844
-
23,443
26,490
63,249
66,569
97,223
31,203
-
Total
468,421
308,177
Chief Executive

Annexure-XII
SUMMARY COST REPORT

Department
Power
House
Departmental Costs :
Opening.
For the period
Total
Cost allocation/transfer
in (out) power House.
Compressed Air
Factory General
Quarry
Transportation
Crushing
Stock Hall
Raw Mill
Kiln
Grinding
Packing and storage
Total :
Compressed Air
Factory
General
Quarry*
Transportation
Crushing
Stock
Hall
1,047,904
1,047,904
468,421
468,421
184,192
184,192
197,380
197,380
4,391
47,642
52,033
(1,047,904)
-
(468,421)
-
35,759
(228,751)
(192,992)
(197,380)
22,309
Cost of closing stock

Cost of Good sold
Cost of Sales - Clinker
Cost of Sales - Ground Slag (Details attached)
Total Cost of Good Sold
-
(197,380)
-
41,380
228,751
197,380
(538,529)
(48,708)
3,325
-
Raw Mill
4,982
226,011
230,993
156,292
82,670
538,529
(1,001,859)
(224,369)
6,624
-
Kiln
205,789
2,859,057
3,064,846
491,049
106,374
1,001,859
(4,259,188)
(2,659,906)
358,721
-
Grinding
76,547
390,621
467,168
365,603
152,393
4,259,188
(5,143,423)
(366,239)
100,929
-
Packing and
Storage
550,069
550,069
Rs. in '000'
Total
291,709
5,971,296
6,263,005
12,651
49,844
5,143,423
(5,747,188)
(541,271)
(5,747,188)
(5,747,188)
5,747,188
-
469,599
5,747,188
46,220
7,691
5,801,099
Qty. in Tonne
Opening Stock (Tonne)
Quantity produced (Tonn
Quantity Transferred sold
124,836
2,512,273
2,575,036
19,009
2,575,036
13,353
2,688,484
93,865
1,716,315
29,198
1,721,665
1,719,162
(2,575,037)
(2,575,036)
(2,581,238)
(2,685,790)
(1,678,258)
(1,719,162)
(1,719,162)
Closing stock : (Tonne)

62,072
Ground Slag Sold (Qty. in Tonne) = (in 2009) 4,205 (in 2008) 22,576
Chief Executive
12,807
16,047
131,922
31,701
COST OF SALES OF GROUND SLAG

2008-2009
Particulares
Opening Stock
Production
Cost of goods sold
Closing Stock
Chief Executive
Quantity
in Tonne
Rupees
in `000
787
1,279
3,629
6,773
4,416
8,052
4,205
7,691
211
361

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ATTOCK CEMENT PAKISTAN LIMITED

Cost Auditors Report

SIDDIQI & COMPANY

Cost & Management Accountants

Attock Cement Pakistan Limited

Cost Audit Report, 2009

COST AUDITORS REPORT, 2008-2009

Statement of Production Capacity

Attock Cement Pakistan Limited

Cost Audit Report, 2009

01. CORPORATE INFORMATION

Attock Cement Pakistan Limited

Cost Audit Report, 2009

02. THE COMPANY

Lime Stone Quarry / Transportation

Raw Mill (Mix / Slurry)

Grinding (Cement Mill)

Packing & Storage

The major raw materials include:

Packing Paper bags of 50 Kg. each are used in packing.

Attock Cement Pakistan Limited

Cost Audit Report, 2009

COST AUDITORS REPORT

in our opinion and, subject to best of our information:(a)

the annexed statement of capacity utilization and stock-in-trade are in agreement

Ordinary Portland Cement (OPC)

SIDDIQI & COMPANY

Attock Cement Pakistan Limited

Cost Audit Report, 2009

COST ACCOUNTING SYSTEM

Attock Cement Pakistan Limited

Cost Audit Report, 2009

Major Raw Materials Consumed

Iron Ore & Salica Sand

Attock Cement Pakistan Limited

Cost Audit Report, 2009

Ordinary Portland Cement

Sulphate Resistance Cement

(c) Explanation of Variances

(d) Method of Accounting

Attock Cement Pakistan Limited

Cost Audit Report, 2009

WAGES AND SALARIES

Direct labour cost on production

(b) Salaries and perquisites of Chief Executive,Directors and Executives

(d) Average number of production workers employed

(e) Direct labour cost per tonne

Attock Cement Pakistan Limited

Cost Audit Report, 2009

(f) Comments on Incentives Scheme

STORES AND SPARE PARTS

Stores & spares consumed (Rs.in '000')

(b) System of stores

(c) Proportion of closing inventory of stores representing items

Depreciation on common assets is allocated as under:

(c) Basis of charging depreciation to cost of products

Attock Cement Pakistan Limited

Cost Audit Report, 2009

(i) Factory Overheads

Repairs and maintenance

(ii) Administration Overheads

Salaries, wages and benefits

Attock Cement Pakistan Limited