Bayer
CropScience Limited
Unuadited Financial Results for the Quarter ended
30th September, 2005 |
Rs. in Lacs |
. |
Quarter
Ended
|
Nine
Month Ended
|
Year Ended
|
| Particulars |
30th September,
2005 |
30th September,
2004 |
30th
September,
2005 |
30th
September,
2004 |
31st December
2004
(Audited) |
Income |
|
|
|
|
|
| Sales and Other Operating Income |
24,623
|
25,476
|
51,508
|
49,430
|
73,770
|
| Other Income |
1,698
|
220
|
2,944
|
1,235
|
2,617
|
| Total Income |
26,321
|
25,696
|
54,452
|
50,665
|
76,387
|
Expenditure |
. |
| (a) Decrease/(Increase) in Stock |
(279)
|
(441)
|
(2,244)
|
(4,044)
|
(1,636)
|
| (b) Consumption of Raw Materials |
9,988
|
9,668
|
24,081
|
22,525
|
31,546
|
| (c) Cost of Traded Goods sold |
2,353
|
3,271
|
2,609
|
4,410
|
6,337
|
| (d) Staff Cost |
1,523
|
1,447
|
4,390
|
4,671
|
6,524
|
| (e) Other (Net of Recoveries) |
7,998
|
6,852
|
17,898
|
15,384
|
24,765
|
Total Expenditure |
21,583
|
20,797
|
46,734
|
42,946
|
67,536
|
| Interest |
167
|
226
|
522
|
765
|
1,116
|
| Depreciation |
580
|
616
|
1,681
|
1,878
|
2,602
|
| PROFIT FOR THE PERIOD BEFORE PRIOR
PERIOD AND EXCEPTIONAL ITEMS |
3,991
|
4,057
|
5,515
|
5,076
|
5,133
|
| Add : Prior Period Income (Net) |
- |
- |
- |
83
|
187
|
Less: Exceptional Items
|
- |
- |
(691)
|
(45)
|
(80)
|
| PROFIT FOR THE PERIOD
BEFORE TAXATION |
3,991
|
4,057
|
4,824
|
5,114
|
5,240
|
| Less :Provision For Taxation (including Deferred Tax &
Fringe Benefit Tax) |
(1,390)
|
(1,287)
|
(1,864)
|
(1,685)
|
(2,604)
|
| PROFIT FOR THE PERIOD AFTER TAXATION |
2,601
|
2,770
|
2,960
|
3,429 |
2,636 |
| Paid up Equity Share Capital (Face Value Rs. 10) |
3,950
|
3,950
|
3,950
|
3,950
|
3,950
|
| Reserves and Surplus(excluding Revaluation Reserve) |
. |
. |
. |
. |
21,893
|
| Number of Equity Shares (Face Value of Rs.10) |
39,498,747 |
39,498,747 |
39,498,747 |
39,498,747 |
39,498,747 |
| Earning Per Share (basic & diluted)[excluding prior
period and exceptional items (net of tax)] |
6.58
|
7.01
|
8.65
|
8.62
|
6.48
|
Basic Earning Per Share of Rs 100 / each.
|
|
|
|
|
|
| Earning Per Share (basic & diluted)[including prior period and exceptional
items (net of tax)] |
6.58
|
7.01
|
7.49
|
8.68
|
6.67 |
| |
|
|
|
|
|
| Aggregate of non-promoters shareholdings |
|
|
|
|
|
| Number of shares |
11,412,085
|
11,412,032
|
11,412,085
|
11,412,032
|
11,412,032 |
| Percentage of shareholding (%) |
28.89%
|
28.89%
|
28.89%
|
28.89%
|
28.89% |
Notes:
1. The above results have been taken on record by
the Board of Directors of the Company at its meeting held on 27th October,
2005.
2. The statutory auditors have carried out a limited
review of the results for the period ended 30th September, 2005.
3.During the nine months ended 30th September 2005, 52 employees opted
for voluntary retirement under a scheme introduced by the compay and
the costs under the said scheme aggregates Rs. 691 lacs.
4. The status of matters commented upon by the auditors for the year
ended December 31, 2004 is given below:
a. Approval has been received from the Central Government under Section
297 of the Companies Act, 1956, in respect of transactions aggregating
Rs. 500.41 lacs entered into with a private limted company in which
two directors of the company were common directors.
b. Approval is awaited from the Central Government in respect of excess
remuneration aggregating Rs. 30.31 lacs paid to the directors in the
year 2000.
5. Sales for the nine month ended 30th September,
2005 are net of estimated returns of Rs. 6,436 lacs (Jan-Sept 2004 -
Rs. 5,868 lacs), in respect of seasonal sales which in the Management's
opinion, may need to be reviewed, dependent on future circumstances.
Consequently, the profit for the period is reduced by Rs. 1,665 lacs
(Jan-Sept 2004 - Rs. 2,463 lacs). Sales and profits for the quarter
July -Sept 2005 is reduced by Rs. 2,459 lacs (July-Sept 2004 - Rs. 2,992
lacs) and Rs. 703 lacs (July-Sept 2004 - Rs. 1,241 lacs) respectively.
6. The Company has only one reportable business segment, i.e. "Pesticides"
7. The status of Investor complaints received and disposed off during
the quarter ended 30th September, 2005 is:
| Complaints pending at the beginning of the quarter |
1 |
| Complaints received during the quarter |
0 |
| Complaints attended during the quarter |
1 |
| Complaints lying unresolved at the end of the quarter |
0 |
8. Provision for taxation (including Deferred Tax
& Fringe Benefit Tax) for nine months ended Sepember 30, 2005 includes
deferred tax charge pertaining to prior period Rs. 11 lacs and Rs. 48
lacs on account of revaluation of deferred tax assets consequent to
reduction in tax rates.
9. Provision for taxation for the quarter and nine months ended September
30, 2005, includes Fringe Benefit Tax of Rs. 63 lacs and Rs. 117 lacs
resepectively in respect of the period commencing April 2005.
10. Decrease/(Increase) in stock/ Consumption of raw materials/ cost
of traded goods sold during the period January to September 2004 together
includes Rs. 1,265 lacs on account of write-offs/ write downs in carrying
values of inventory. Write-offs/ write-downs during the current period
January to September 2005 are Rs. 415 lacs.
11. Previous period's figures have been regrouped wherever necessary. |
Place: Mumbai
Date: 27th October, 2005
|
By Order of the Board
S. Gerlich
Managing Director |
|
