ANDHRA PRADESH INDUSTRIAL DEVELOPMENT CORPORATION LTD.

Performance :

OPERATING PROFIT 2014-15 (From 02/06/2014 to 31/01/2015) - (Provisional)

 

(Post bifurcation for Andhra Pradesh only)

 

Amount

(Rs. in lakh)

INCOME

I) Revenue from operations

2005.11

II) Other income

98.67

III) Total Income

2103.77

EXPENSES

Employee benefits expense

243.81

Finance costs

61.31

Depreciation and amortization expense

22.34

Other Expenses

76.28

IV) Total Expenses

403.74

V) Profit before Provisions & Tax (III - IV)

1700.03

 

 

Operations Prior to bifurcation:

 

 

         The Corporation has been earning profits on a consistent basis since the financial year 2007-08 onwards with a constant income profile. The most significant factors which have contributed to the profits are summarised below.

         The operating profits of the Corporation have been.stable during the past three financial years with a maximum high of Rs.1594.45 lakh in the financial year 2011-12 which have stabilised at Rs.1484.96 lakh in the financial year 2013-14 which in turn has contributed to the improved financial stability of the Corporation.

 

         The Corporation has become debt free during the financial year 2009-10 due to high sources of income and low operating costs thereby , financial stability could be attained as a result of financial planning.

 

         The estimated ratio of total expense to total income is 36.77% approx in the year 2013-14 which was possible due to the debt free financial position of the Corporation which indicates a cash break-even ratio of 37% approx with a profit margin of 63% approx contributing to the increase in reserves , thereby strengthening the financial stability.

 

         A low cash break-even level as low as 37% approx on the total income levels of the current year indicates a high level of financial viability , which leaves a margin of 62% without any debt servicing obligations. The debt service coverage ratio is optimum.

 

         The operating costs have been stable without much increase over the past years as indicated by past trends which are in the range of Rs. 700 to Rs.800 lakh (approx).

 

RESERVES AND SURPLUS (Rs.in lakh)

 

The present trends indicate a steady financial stability and growth in the coming years due to the high level of reserves available by way of accumulation of internal resources and debt free position of the organisation.

 

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