AUDITED FINANCIAL RESULTS 31.03.2017.xls


1
2	COSBOARD INDUSTRIES LIMITED
3	Regd. Off: New Industrial Estate, Phase II, Jagatpur: 754021, Cuttack, Odisha
4	CIN NO. L21015OR1980PLC000916
5
6	AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2017
7	PART I						(Rs. In lacs)
8			Quarter Ended			Year ended
9		Particulars	Unaudited			Audited
10			31.03.17	31.12.16	31.03.16	31.03.17	31.03.16
11	1	Income from operations
12		a) Net Sales/Income from operation	2765.39	1395.58	1638.59	7726.22	6278.04
13		(Net of excise duty)
14		b) Other Operating Income	4.62	1.76	4.83	9.19	9.62
15		Total Income from operations(net)	2770.01	1397.34	1643.42	7735.41	6287.66
16	2	Expenses
17		a) Cost of material consumed	1915.74	721.43	814.93	4903.24	4140.91
18		b) Changes in inventories of Finished
19		goods, Work-in-progrees and
20		Stock-in-trade	118.66	-36.76	129.15	-8.33	-101.30
21		c) Employee benefits expenses	56.04	49.87	68.51	181.37	180.20
22		d) Power and Fuel	301.11	259.62	209.07	1001.96	801.31
23		e) Dyes & Chemicals	79.63	44.31	75.36	224.53	199.35
24		f) Depreciation and amortisation expns	60.13	71.72	9.29	275.30	34.07
25		g) Other Expenses	90.09	69.53	118.33	334.71	370.31
26		Total Expenses	2621.40	1179.72	1424.64	6912.78	5624.85
27	3	Profit/(Loss) from Operations before
28		other income, finance costs and
29		exceptional items (1-2)	148.61	217.62	218.78	822.63	662.81
30	4	Other income	0.00	0.00	0.00	0.00	0.00
31	5	Profit/(Loss) from ordinary activities
32		before finance costs and exceptional
33		items (3 ± 4)	148.61	217.62	218.78	822.63	662.81
34	6	Finance costs	164.46	195.34	150.54	725.33	475.65
35	7	Profit/(Loss) from ordinary activities
36		after finance costs but before excep-
37		tional items (5 ± 6)	-15.85	22.28	68.24	97.30	187.16
38	8	Exceptional items	0.00	0.00	0.00	0.00	0.00
39	9	Profit/(Loss) from ordinary activities
40		before tax (7 ± 8)	-15.85	22.28	68.24	97.30	187.16
41	10	Tax expenses	70.20	0.00	11.53	70.20	11.53
42	11	Net Profit/(Loss) from ordinary activities
43		after tax (9 ± 10)	-86.05	22.28	56.71	27.10	175.63
44	12	Extraordinary items (net of tax expsns	0.00	0	0.00	0	0
45	13	Net Profit/(Loss) for the period (11 ± 12)	-86.05	22.28	56.71	27.10	175.63
46	14	Paid up equity share capital
47		of Rs. 10/- each
48		shall be indicated)	429.38	429.38	429.38	429.38	429.38
49	15	Reserve excluding revaluation
50		Reserves as per balance sheet
51		of previous accounting year	0.00	0.00	0.00	185.07	156.58
52	16.i	Earnings per Share (before extra-
53		ordinary items)
54		(of Rs. 10/- each) not annualised:
55		a) Basic and diluted	-2.00	0.52	1.32	0.63	4.09
56	16.ii	Earnings per Share (after extra-
57		ordinary items)
58		(of Rs. 10/- each) not annualised:
59		a) Basic and diluted	-2.00	0.52	1.32	0.63	4.09
60		NOTE
61	1	The above results and the statement of assets and liabilities were reviewed by the Audit Committee and
62		approved by the Board of Directors at their respective meetings held on 29th May, 2017.
63
64	2	The operation of the company relates to only one segment i.e. Paper and Paper Boards.
65
66	3	The figures for the quarter ended 31st March, 2017, is the balancing figures between audited figures in
67		respect of full financial year and published year to date figures upto 31st December. 2016.
68
69	4	The figures of the previous quarter have been re-grouped, re-casted and/or re-arranged wherever necessary.
70
71
72	Statement of Assets and Liabilities as at 31st March, 2017
73
74
75				RS. IN LACS
76			Audited
77			Financial Year ended
78		Particulars	31.03.2017	31.03.2016
79	A	EQUITY AND LIABILITIES
80	1	Shareholders' funds
81		a) Share Capital	429.38	429.38
82		b) Reserves and surplus	191.54	164.13
83		Shareholders' funds	620.92	593.51
84	2	Non current liabilities
85		a) Long term borrowings	4260.67	3766.34
86		b) Other long term liabilities	143.73	149.01
87		c) Long term provisions	111.46	104.60
88		Non-current liabiliites	4515.86	4019.95
89	3	Current Liabilities
90		a) Short term borrowings	3035.25	2432.79
91		b) Trade payables	860.74	350.58
92		c) Other current liabilities	564.83	215.51
93		d) Short term provisions	23.83	12.47
94		Current Liabilities	4484.65	3011.35
95		Total Equity & Liabilities	9621.43	7624.81
96	B	ASSETS
97	1	Non current assets
98		a) Fixed Assets	2968.82	279.21
99		b)Capital work-in-progress	110.13	2960.18
100		c) Non-current investments	14.38	1.88
101		d) Deferred Tax assets (net)	155.15	206.81
102		e) Long term loans and advances	37.35	37.27
103		Non-Current Assets	3285.83	3485.35
104	2	Current Assets
105		a) Inventories	980.88	961.02
106		b) Trade receivables	4989.67	2938.86
107		c) Cash and Cash equivalents	192.22	91.13
108		d) Short term loans and advances	165.71	143.93
109		e) Other Current Assets	7.12	4.52
110		Current Assets	6335.60	4139.46
111		TOTAL ASSETS	9621.43	7624.81
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113			FOR AND ON BEHALF OF THE BOARD
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115
116		PLACE: CUTTACK	ANIL KUMAR GILRA
117		DATE: 29th May, 2017	D I R E C T O R