Use Coal, Save the Trees
MISSION OF COAL INDIA - To produce and market the planned quantity of coal and coal products efficiently and economically in an eco-friendly manner with due regard to safety, quality and conservation. VISION OF COAL INDIA - To emerge as a global player in the primary energy sector committed to provide energy security to the country by attaining environmentally & socially sustainable growth through best practices from mine to market.

FINANCIAL RESULTS

 

Gross sales turnover for the year ended 31st March, 2019 was Rs. 18385.03 Crore compared to Rs. 15250.11 Crore in the previous year resulting in increase of 20.56% over previous year. During the year company had made a pre-tax total comprehensive income of Rs. 1237.00 Crore and a post-tax total comprehensive income of Rs. 706.38 Crore compared to last year’s pre-tax total comprehensive loss of Rs. 1303.10 Crore and post-tax total comprehensive loss of Rs. 824.17 Crore. Details were as under:

(Rs. in Crore)

Particulars

2018-19

2017-18

Profit(+)/Loss(-) after charging all expenses but before PRP/ Executive Superannuation benefit interest, depreciation, Impairment, OBR, prior period adjustment.

 

Less : Impact of PRP/Executive Superannuation Benefit

Less : Actuarial provision

Less : Interest

Less : Depreciation/Impairment

Less : OBR Adjustment

Total Comprehensive Income for the year after charging interest and Depreciation, impairment and OBR Adjustment.

Less: Prior Period Adjustment.

Total Comprehensive Income after considering Prior Period Adjustment.

Cash Profit

Total Comprehensive Income after Tax

 

 

2537.84

 

120.91

228.71

           -

494.98

456.24

1237.00

 

0.00

1237.00

 

2787.25

706.38

 

 

865.12

 

41.08

1409.11

           -

443.99

274.04

-1303.10

 

0.00

-1303.10

 

1524.53

-824.17

 

Capital Expenditure:

Total Capital Expenditure during 2018-19 was Rs. 829.96 Crore (excluding exchange fluctuation) against the Capital Expenditure of Rs. 959.99 Crore during 2017-18.

 

Capital Structure:

(Rs. in Crore)

Particulars

2018–19

2017–18

A. SHARE CAPITAL

Authorized Share Capital (2,50,00,000 Eq. shares of Rs. 1000 each and 2,10,00,000 Preference Shares of Rs. 1000 each).

Paid up Equity Share Capital (2,21,84,500 shares of Rs. 1000 each)

 

Other Equity (Paid up 6% Non-convertible, cumulative, redeemable Preference Shares, fully paid up (20509700 shares of Rs. 1000 each))

 

B.  LOAN FUNDS :

·      Export Development Corporation, Canada

·      Liability component of Compound Financial Instrument (Pref. Share)

 

 

4600.00

2218.45

 

855.61

 

 

 

165.55

 

1662.03

 

 

4600.00

2218.45

 

855.61

 

 

 

161.20

 

1537.16

 

Repayment of Foreign Loan:

(Rs. in Crore)

Particulars

2018-19

2017-18

Repayment of foreign loan through CIL.

6.60

6.04

 

Payment/Adjustment of Royalty, Cess, Stowing excise duty & Sales Tax during the year:

(Rs. in Crore)

Particulars

2018-19

2017-18

West

Bengal

Jharkhand

Central

Total

West Bengal

Jharkhand

Central

Total

 

i) GST in respect of West Bengal

 

 

 

 

 

 

 

 

a. IGST

0.00

0.00

166.77

166.77

0.00

0.00

78.70

78.70

b. CGST

0.00

0.00

32.43

32.43

0.00

0.00

31.48

31.48

c. SGST

32.43

0.00

0.00

32.43

32.91

0.00

0.00

32.91

d. Compensation Cess

0.00

0.00

1160.54

1160.54

0.00

0.00

684.65

684.65

ii) In respect of Jharkhand

 

 

 

 

 

 

 

 

a. IGST

0.00

0.00

0.17

0.17

0.00

0.00

15.05

15.05

b. CGST

0.00

0.00

53.21

53.21

0.00

0.00

25.01

25.01

c. SGST

0.00

53.21

0.00

53.21

0.00

25.01

0.00

25.01

d. Compensation Cess

0.00

0.00

813.69

813.69

0.00

0.00

477.46

477.46

iii)  Royalty, NMET, DMF on Coal

17.67

525.04

0.00

542.71

18.87

440.88

0.00

459.75

iv)   RE & PE Cess

1587.50

0.00

0.00

1587.50

1510.55

0.00

0.00

1510.55

v)  AMBH Cess

2.34

0.00

0.00

2.34

2.15

0.00

0.00

2.15

vi)  PW & Road Cess

2.34

0.00

0.00

2.34

2.12

0.00

0.00

2.12

vii)   Sales Tax (VAT/CST)

0.00

0.32

0.00

0.32

104.90

11.99

0.00

116.89

viii)  Stowing Excise Duty

0.00

0.00

0.00

0.00

0.00

0.00

20.79

20.79

ix) Clean Energy Cess

0.00

0.00

0.00

0.00

0.00

0.00

622.25

622.25

x) Excise Duty on Coal

0.00

0.00

0.03

0.03

0.00

0.00

72.43

72.43

xi) Entry Tax

0.00

0.00

0.00

0.00

0.00

0.00

1.76

1.76

TOTAL

1642.28

578.57

2226.84

4447.69

1671.50

477.88

2029.58

4178.96

 

Directors’ Responsibility Statement:

Pursuant to sub-section (5) of Section 134 of the Companies Act, 2013 the Board of Directors of the Company hereby state and confirm that:-

 

  1. in the preparation of the annual accounts for the year ended 31st March 2019, all the applicable Indian Accounting Standards were followed with proper explanation relating to material departures;
  2. the Directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the Profit/Loss of the company for that period;
  3. the Directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provision of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
  4. the Directors had prepared the annual accounts on a going concern basis;
  5. the Directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively and
  6. the Directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

 

DISCLAIMER : Information on this site is believed to be accurate but ECL disclaims any liability for any errors or omissions that may occur from time to time.

Copyright 2019 EASTERN COALFIELDS LIMITED,
Sanctoria, Post: Dishergarh, Dist.: West Bardhaman, W.B., PIN - 713 333 Tel: 0341-2520052-53, 2520414 Fax: 0341-2523574 Gram: EASTCOAL