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Fixed Assets: Fixed Assets (Rs. in Millions) FY05 FY06 FY07 FY08 FY09

The fixed assets of the company have remained relatively stable over the 5-year period from 2005 to 2009, increasing by Rs. 3934.35 crores. Capital work in progress decreased from 2006 to 2008 but then increased. The ratio of fixed assets to total assets decreased from 72.08% in 2005 to 43.28% in 2009, while net sales steadily increased. The composition of long-term assets shifted to include a greater proportion of investments rather than fixed assets.

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28 views3 pages

Fixed Assets: Fixed Assets (Rs. in Millions) FY05 FY06 FY07 FY08 FY09

The fixed assets of the company have remained relatively stable over the 5-year period from 2005 to 2009, increasing by Rs. 3934.35 crores. Capital work in progress decreased from 2006 to 2008 but then increased. The ratio of fixed assets to total assets decreased from 72.08% in 2005 to 43.28% in 2009, while net sales steadily increased. The composition of long-term assets shifted to include a greater proportion of investments rather than fixed assets.

Uploaded by

Nathan Rk
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Fixed Assets (Rs.

In Millions)

FY05 FY06 FY07 FY08 FY09

17993. 21335. 23867.4 26209.2


Gross Block 2 7 22614.8 5 0

Less: Accum. Depreciation, 10275.1


Amortization and Impairment 5993.5 6995.4 7919.6 9300.67 5

11999. 14340. 14566.7 15934.0


Net Block 7 3 14695.2 8 5

Growth over previous year(in


%) NA 19.51 2.475 -0.874 9.39

Capital Work in Progress 4328.4 3018.8 3274.2 4287.66 4149.16

16328. 17359. 18854.4 20083.2


Total Fixed Assets 1 1 17969.4 4 1

%yoy NA 6.314 3.516 4.925 6.517

The amount of fixed assets has remained more or less the same over the 5 year period. It has been
stable and the increase has been in the net block component. It has increased by Rs. 3934.35 crores
during the 5 years whereas the Capital Work in Progress has decreased during 2006-08 and then
increased.

The variation of Fixed Assets

Fixed Assets
25000

20000

15000 Fixed Assets

10000

5000

0
2005 2006 2007 2008 2009
Fixed Asset ratios

FY05 FY06 FY07 FY08 FY09

Total Assets 22653.68 25089.94 28300.82 49670.74 46399.44

Fixed Asset to total Assets (in %) 72.08 69.19 63.49 37.96 43.28

Net Sales 34081.27 39720.51 40712.87 43411.4 46804.19

Fixed Assets as a % of Net Sales 47.91 43.7 44.14 43.43 42.91

Fixed Assets Turnover Ratio 2.09 2.29 2.27 2.3 2.33

The fixed assets to total assets ratio has shown a decreasing trend during the 5 year period (except
during 2008-09). The ratio in 2009 is 40% lesser than its value in 2005. Net sales has steadily
increased from Rs. 34081.27 crores in 2005 to Rs. 46804.19 crores in 2009. The fixed assets turnover
ratio has shown an increasing trend (except in 2007) whereas the fixed assets as a % of net sales has
decreased at almost a constant rate. This is directly related to the decrease in fixed assets during the
period.

Changing composition of long term assets (Fixed Assets +Investments)

100%
90%
39.31 35.69 34.26 34.38
80%
70%
68.16
60%
50% Fixed Assets
Investments
40%
60.69 64.31 65.74 65.62
30%
20%
31.84
10%
0%
2005 2006 2007 2008 2009

From the above chart, it can be inferred that the share of investments in long term assets
almost doubled in 2006 as compared to 2005. It has maintained more or less the same rate
in the next 3 years.
Composition of Total Assets

100%
90%
80%
70% 59.25 57.88 58.81 62.19
68.94
60%
50% Fixed Assets
Net Current Assets
40%
30%
20% 40.75 42.12 41.19 37.81
31.06
10%
0%
2005 2006 2007 2008 2009

The composition of total assets in terms of fixed assets and net current assets almost
remained the same from 2005 to 2007. It decreased slightly in the next 2 yrs.

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