Crescent Fibres

Income Statement
For years 2005-2009
2009 2008 2007 2006

Sales 1,427,452,866 1,237,568,671 1,179,651,638 1,085,919,003

Cost of goods sold (1,318,432,874) (1,150,932,207) (1,063,071,593) (945,465,367)
Gross profit 109,019,992 86,636,464 116,580,045 131,453,636

Distribution Cost (43,771,504) (8,171,260) (8,226,959) (7,072,631)

Administrative Expenses (5,887,813) (41,376,609) (38,758,413) (35,664,074)
Other operating expenses 9,720,926 (895,799) (1,992,687) (3,248,198)
Other operating income (1,016,980) 12,897,912 7,032,934 7,755,620
(40,955,371) (37,545,756) (41,945,125) (38,229,283)
Profit from operations 68,054,621 49,090,708 74,634,920 93,224,353
Finance cost (54,524,472) (32,037,671) (36,773,875) (31,508,587)
Share of profit of associate (307,537) 473,423 973,904 -
profit before taxation 13,232,612 17,526,460 38,834,949 61,715,766
provision for taxation (772,533) (6,234,224) (5,087,517) (4,832,783)
Profit/(Loss) after taxation 12,460,079 11,292,236 33,747,432 56,882,983

Earning per share- Basic and

Diluted 1 1 3 5
 c.c2
2005 2004

828,523,068 1,022,704,413 0.07637379461 0.07000537912 0.09882582387

(718,152,062) (955,810,849)
110,371,006 66,893,564

(3,380,831) (5,261,522)
(27,414,440) (32,714,054)
(9,115,214) -
15,188,345 5,470,275
(24,772,140) (32,505,301)
85,648,866 34,388,263
(13,863,167) (45,510,588)
- -
71,785,699 (11,122,325) 1,414,220,254 1,220,042,211 1,140,816,689 1,024,203,237
(2,439,944) (2,708,045)
69,345,755 (13,830,370)

6 7
0.121053 0.133214 0.065409

### ###
Crescent Fibres
Balance Sheet
For Years 2005 - 2009
2009 2008 2007
Assets
CURRENT ASSETS:
Cash and Bank Balances 29897977 1544538 2064093
Stock in trade 101268957 153456256 109757022
Stores, Spares and loose tools 26891702 24573883 31846175
Trade Debts(A/R) 118979377 91110518 116676424
Loans and Advances 5785854 19010604 22746558
Trade Deposits and short-term prepayments 6512896 3486890 3241585
Other Recievables 3283997 5342707 6329889
Other Financial Asssets 49968656 103161318 156132569
Total Current Assets 342589416 401686714 448794315
Fixed Assets
Property, Plant and Equipment 282340414 300962706 310947544
Intangible Assets 1544880 1931100
Capital Work in progress 884161 7371151
284769455 302893806 318318695
Long term Investments 2298304 2672622 2254562
Long term loans 5000
Long term deposits 5385923 4570300 4625059
Operating Fixed Assets 884161
Total Assets 635048098 711823442 773992631
Liabilities
Current Liabilities:
Trade and other payables 151070054 156932928 165517209
Interest/markup on loans 28125128 25781629 29462170
Short term borrowings 0 150373008 118511043
Current portion of:
Long term financing 164637312 42017825 41520265
Liabilities against assets subject to finance lease 42458489 2676349 2379796
Provision for taxation 0 6546942 6258577
386290983 384328681 363649060

Long-term Liabilities:
Long-term financing 29482313 61537754 103555574
Liabilities against subjects to finance lease 9439101 6063474 4618679
Deferred tax liability 29610346 30314112 30314112
68531760 97915340 138488365
Share Capital and Reserves
Authorized capital
15000000 (2005: 15000 Rs.10 each) 150000000 150000000 150000000
Accumulated loss
Issued Subscribed and paid up capital 124178760 124178760 118265490
Reserves 56046595 105400661 153589716
180225355 229579421 271855206

Surplus on revaluation of fixed assets - - -

Total Liabilities and Shareholder's Equity 635048098 711823442 773992631

 c.c 3

2006 2005 2004

2582325 3275353 4441493 investments:

136900842 126189534 87515812 49040006 110850545
31268559 26057112 31369621
98846808 96215744 81236089
25070593 31682296 25294311
2962837 1834905 1855444
5163669 1564044 1553364 fixed assets
63107835 107360530 86209759 292458682 310136728 325198316
365903468 394179518 319475893

674040089 647501424 630282426 Working Capital

5993395 29488047 5483990 -43701567 17358033

680033484 676989471 635766416
1336310 250000
total Fixed Assets
3158595 3746142 4413005 292458682 310136728
8869911 other assets 10118268 9174022
1049095547 1074915131 968775225 total debt
274142343 288450039 300047527
long term debt
166538508 147674025 163753657 246017215 112295402 152074314
34889928 22738392 17295468
118359718 131035333 139394572

39841630 62851618 66005667

2587377 2317285 1801185
5779767 9585358 18085963 total liabilities
367996928 376202011 406336512 454822743 482244021 502137425

145273130 169622282 122144048

2915256 3300717 2462149
74002638 74642264 76411889
222191024 247565263 201018086
180225355 229579421 271855206
 150000000 150000000 150000000
-126216087 426242570 341874823 423929520
118265490 118265490 118265490
29001579 17063188 50295998
147267069 135328678 42345401

311640526 315819179 319075226

1049095547 1074915131 968775225

126200270 126048945 138724560

683192079 680735613 649299332

85145255 -2093460 17977507

325198316 684528389 680735613

14250772 10488300 33234189

343867039 391865627 349103089

190617393 238091902 192413049

590187952 623767274 607354598

458907595 451147857 361420627

649524988 689239759 553833676
Crescent Fibres
Cash Flow Statement
For Years 2005-2009
2009 2008 2007 2006
Cash Flow from Operating Activities
Cash generated from operations 113518340 56192624 113037103 131966352
Finance Cost Paid -52180973 -35718212 -42201633 -33322889
Taxes Paid -4301942 -6910496 -6293619 -9573325
Long term Deposits -815623 54579 -1466464 587547
Net Cash from operating activities 56219802 13618495 63075387 89657685

Cash Flows from Investing Activities

Fixed capital expenditure -9141345 -14543689 -20601351 -38660850
Purchase of shares 66781 - - -4870550
Dividend recevied -3606 55651 46376 -
Proceeds from disposal of fixed assets 5179269 12304000 350000 1578626
Net cash used in investing activities -3898901 -2184038 -20204975 -41952774

Cash Flows from financing Activities

Proceeds from long term financing 3550000 - - -
Repayments of Long Term financing -38535691 -41520259 -40038921 -34091308
Repayment of liabilities against subject to finance lease -3246075 -2295898 -3501048 -2331016
Short term borrowing 14264304 31861965 151325 -11975615
Net cash from financing activities -23967462 -11954192 -43388644 -48397939
Net increase/decrease in cash and cash equivalent 28353439 -519555 -518232 -693028
Cash and cash equivalent at the beginning of the year 1544538 2064093 2582325 3275353
Cash and cash equivalent at the end of the year 29897977 1544538 2064093 2582325
 c.c4

2005 2004

31327289 4290868
-8420243 -2802623
-4107625 -5656410
666863 -1402163
19466284 14045672 242037653

-77691919 -27388900 -160639154

- -
- -
22761079 2300000
-54930840 25088900

44324186 -
- -43248000
-1666531 -2042239
-8359239 46002524
34298416 712285
-1166140 -10330943
4441493 14772436
3275353 4441493
 Crescent Fibres
Common-size Income Statement
For years 2005-2009
2009 2008 2007 2006 2005
Sales 100% 100% 100% 100% 100%
Cost of goods sold -92% -93% -90% -87% -87%
Gross profit 8% 7% 10% 12% 13%
0% 0% 0% 0% 0%
Distribution Cost -3% -1% -1% -1% 0%
Administrative Expenses 0% -3% -3% -3% -3%
Other operating expenses 1% 0% 0% 0% -1%
Other operating income 0% 1% 1% 1% 2%
-3% -3% -4% -4% -3%
Profit from operations 5% 4% 6% 9% 10%
Finance cost -4% -3% -3% -3% -2%
Share of profit of associate 0% 0% 0% - -
profit before taxation 1% 1% 3% 6% 9%
provision for taxation 0% -1% 0% 0% 0%
Profit/(Loss) after taxation 1% 1% 3% 5% 8%
c.c 6
Crescent Fibres
Common Size Balance Sheet
For Years 2005-2009
2009 2008 2007 2006
Assets
CURRENT ASSETS:
Cash and Bank Balances 0.05 0.00 0.00 0.00
Stock in trade 0.16 0.22 0.14 0.13
Stores, Spares and loose tools 0.04 0.03 0.04 0.03
Trade Debts(A/R) 0.19 0.13 0.15 0.09
Loans and Advances 0.01 0.03 0.03 0.02
Trade Deposits and short-term prepayments 0.01 0.00 0.00 0.00
Other Recievables 0.01 0.01 0.01 0.00
Other Financial Asssets 0.08 0.14 0.20 0.06
Total Current Assets 0.54 0.56 0.58 0.35
Fixed Assets - - - -
Property, Plant and Equipment 0.44 0.42 0.40 0.64
Intangible Assets 0.00 0.00 - -
Capital Work in progress 0.00 - 0.01 0.01
0.45 0.43 0.41 0.65
Long term Investments 0.00 0.00 0.00 0.00
Long term loans 0.00 - - -
Long term deposits 0.01 0.01 0.01 0.00
Operating Fixed Assets 0.00 - - -
Total Assets 1.00 1.00 1.00 1.00
Liabilities - - - -
Current Liabilities: - - - -
Trade and other payables 0.24 0.22 0.21 0.16
Interest/markup on loans 0.04 0.04 0.04 0.03
Short term borrowings - 0.21 0.15 0.11
Current portion of: - - - -
Long term financing 0.26 0.06 0.05 0.04
Liabilities against assets subject to finance lease 0.07 0.00 0.00 0.00
Provision for taxation - 0.01 0.01 0.01
0.61 0.54 0.47 0.35
- - - -
Long-term Liabilities: - - - -
Long-term financing 0.05 0.09 0.13 0.14
Liabilities against subjects to finance lease 0.01 0.01 0.01 0.00
Deferred tax liability 0.05 0.04 0.04 0.07
0.11 0.14 0.18 0.21
Share Capital and Reserves - - - -
Authorized capital - - - -
15000000 (2005: 15000 Rs.10 each) 0.24 0.21 0.19 0.14
Accumulated loss - - - -
Issued Subscribed and paid up capital 0.20 0.17 0.15 0.11
Reserves 0.09 0.15 0.20 0.03
0.28 0.32 0.35 0.14
- - - -
Surplus on revaluation of fixed assets #VALUE! #VALUE! #VALUE! 0.30
- - - -
Total Liabilities and Shareholder's Equity 1.00 1.00 1.00 1.00
 c.c 7

2005

0.00
0.12
0.02
0.09
0.03
0.00
0.00
0.10
0.37
-
0.60
-
0.03
0.63
-
-
0.00
-
1.00
-
-
0.14
0.02
0.12
-
0.06
0.00
0.01
0.35
-
-
0.16
0.00
0.07
0.23
-
-
0.14
-
0.11
0.02
0.13
-
0.29
-
1.00
Crescent Fibres
Per Share Results
For Years 2005-2009
2009 2008 2007 2006 2005 2004
Sales 95.1635244 82.5045781 78.6434425 72.3946002 55.234871 68.1802942
Net Income 1 0.91 2.72 5.18 6.28 -0.71
Dividends 0 0 0 0 0 0
Book Value 12.0150237 15.3052947 18.1236804 9.82447127 9.0219119 2.82302673

Growth per share

Sales 11%
NI -31%
Dividends 0
Equity 6%
c.c 9 & c.c 5

147267069 135328678

42345401
Crescent Fibres
Trend Index of Selected Accounts
For Years 2005-2009

2009 2008 2007

Cash and Cash Equivalents 913% 47% 63%
Accounts Receivables 124% 95% 121%
Temporary Investments
Inventory 80% 122% 87%
Total Current Assets 87% 102% 114%
Total Current Liabilities 103% 102% 97%
Working Capital -243% 97% 474%
Plant Assets, net 44% 46% 48%
Other Assets 47% 96% 145%
Long Term debts 28% 40% 56%
Total Liabilities 73% 77% 81%
Share owner's equity 40% 51% 60%
Net Sales 172% 149% 142%
Cost of Products Sold 184% 160% 148%
Admin and research Expenses 21% 151% 141%
Marketing and Sales Expenses -107% 10% 22%
Interest Expense 393% 231% 265%
Total Cost and expenses 187% 161% 151%
Earning before taxes 18% 24% 54%
Net Income 18% 16% 49%
 c.c 8

2006 2005
79% $ 3,275,353.00
103% $ 96,215,744.00

108% $ 126,189,534.00
93% $ 394,179,518.00
98% $ 376,202,011.00
-12% $ 17,977,507.00
104% $ 647,501,424.00
59% $ 107,360,530.00
90% $ 247,565,263.00
95% $ 623,767,274.00
102% $ 451,147,857.00
131% $ 828,523,068.00
132% $ (718,152,062.00)
130% $ (27,414,440.00)
36% $ (9,115,214.00)
227% $ (13,863,167.00)
135% $ 756,737,369.00
86% $ 71,785,699.00
82% $ 69,345,755.00
Crescent Fibres
Analysis of Cash Flows from Operations (Direct Method)
For Years 2005-2009
2009 2008
Inflows
Net Sales 1427452866 1237568671
Increase(decrease) in Accounts recievables 27868859 -25565906
Cash Collections on Sales 1455321725 1212002765
Interest Income 54524472 35446693
Total Cash Collections From Operations 1509846197 1247449458

OutFlows
Cost of Products Sold 1292868214 1123534710
Administrative Expenses 49659317 49547859
Interest Expense 54524472 32037671
Increase(decrease) in Deffered Taxes 703766 860944
Other Expenses(income) 1016980 895799
Increase(decrease) in inventories -52187299 43699234
Net Change in other current Assets and Liabilities 1343953 9341642
Income Tax Expense 4301942 -6910496
Total cash outflows from operations 1352231345 1253007363
Cash From Operations 157614852 -5557905
 C.C 14
2007 2006 2005

1179651638 1085919003 828523068

17829616 2631064 14979655
1197481254 1088550067 843502723
36,773,875 31508587.00 13863167
1234255129 1120058654 857365890

1034381615 920556540 693321389

46985373 42557195 30795271
36773875 31508588 13863167
-2471362 639626 691040
1992687 3569632 9115214
10711308 38673722 38673722
5698582 22785542 16090314
6293619 9573325 4107625
1140365697 1069864170 806657742
93889432 50194484 50708148
31,508,587 13,863,167
Crescent Fibres
Short Term Liquidity Analysis
For Years 2005-2009
2009 2008 2007 2006 2005
Current Ratio 0.8868688 1.045165 1.234141 0.994311 1.047787
Acid-Test Ratio 0.3854021 0.241083 0.326525 0.275625 0.264462
Accounts Recievables Turnover 13.588972 11.9119 10.94686 11.13406 9.338005
Inventory Turnover 10.351805 8.745244 8.619807 7.187381 6.720956
Days Sales in Recievables 26.49207 30.22188 32.88613 32.33322 38.55213
Days Sales in Inventory 34.776544 41.16523 41.76428 50.08779 53.56381
Approximate Conversion Period 61.268614 71.38711 74.65041 82.42101 92.11594
Cash to Current Asset 0.0872706 0.003845 0.004599 0.007057 0.008309
Cash to Current Liabilities 0.0773976 0.004019 0.005676 0.007017 0.008706
Liquidity Index
Working Capital -43701567 17358033 85145255 -2093460 17977507
Days Purchases in Accounts Payables 59.314497 62.15917 78.56693 83.5882 90.93764
Average net Trade Cycle 1.9541163 9.227942 -3.91652 -1.167188 1.178308
Cash Provided by operations to
average current Liabilities 0.2946157 0.150252 0.308994 0.354653 0.080066
 C.C 10

2004
0.786235 purchases
0.210854 916895902 908890140 758413180 717252744
584605576
Crescent Fibres
Common Size Analysis of Current Assets and Current Liabilities
For Years 2005-2009
2009 2008 2007
Current Assets
Cash and Bank Balances 0.087271 0.003845 0.004599
Stock in trade 0.295599 0.38203 0.24456
Stores, Spares and loose tools 0.078495 0.061177 0.070959
Trade Debts(A/R) 0.347294 0.22682 0.259977
Loans and Advances 0.016889 0.047327 0.050684
Trade Deposits and short-term prepayments 0.019011 0.008681 0.007223
Other Recievables 0.009586 0.013301 0.014104
Other Financial Asssets 0.145856 0.25682 0.347893
Total Current Assets 1 1 1

Current Liabilities

Trade and other payables 0.391078 0.40833 0.455156

Interest/markup on loans 0.072808 0.067082 0.081018
Short term borrowings 0 0.391261 0.325894
Current portion of: 0 0 0
Long term financing 0.4262 0.109328 0.114177
Liabilities against assets subject to finance lease 0 0.017035 0.01721
Provision for taxation
 c.c 11

2006 2005 2004

0.007057 0.008309 0.013902

0.374145 0.320132 0.273936
0.085456 0.066105 0.098191
0.270144 0.244091 0.254279
0.068517 0.080375 0.079174
0.008097 0.004655 0.005808
0.014112 0.003968 0.004862
0.172471 0.272365 0.269847
1 1 1

0.452554 0.392539 0.403

0.09481 0.060442 0.042564
0.321632 0.348311 0.343052
0 0 0
0.108266 0.167069 0.162441
0.015706 0.025479 0.04451
Crescent Fibres
Common Size Statement of Cash Flows
For Years 2005-2009
2009 2008 2007
Cash Flow from Operating Activities
Cash generated from operations 0.8222603 0.5480447488 0.9730558375
Finance Cost Paid -0.3779684 -0.348358506 -0.363283774
Taxes Paid -0.0311607 -0.067397832 -0.054177279
Long term Deposits -0.0059079 0.0005323071 -0.012623743
Net Cash from operating activities 0.4072233 0.1328207181 0.5429710413

Cash Flows from Investing Activities

Fixed capital adventure -0.0662145 -0.141844104 -0.177342344
Purchase of shares 0.0004837 - -
Dividend recevied -2.612E-05 0.0005427623 0.0003992179
Proceeds from disposal of fixed assets 0.0375156 0.1200004931 0.0030129005
Net cash used in investing activities -0.0282414 -0.021300848 -0.173930226

Cash Flows from financing Activities

Proceeds from long term financing 0.0257141 - -
Repayments of Long Term financing -0.27913 -0.404945672 -0.344666528
Repayment of liabilities against subject to finance lease -0.0235127 -0.022391815 -0.030138026
Short term borrowing 0.1033223 0.3107486599 0.001302649
Net cash from financing activities -0.1736062 -0.116588828 -0.373501905
Net increase/decrease in cash and cash equivalent 0.2053757 -0.005067202 -0.00446109
Cash and cash equivalent at the beginning of the year 0.0111877 0.0201310288 0.022229395
Cash and cash equivalent at the end of the year 0.2165634 0.0150638265 0.0177683052
 C.C 15

2006 2005 2004

0.9603987335 0.3026179832 0.0636950235

-0.242510761 -0.081338572 -0.041603036
-0.06967086 -0.039679182 -0.083965568
0.0042759339 0.0064418193 -0.020814158
0.652493047 0.1880420487 0.208498469

-0.281358322 -0.750494939 -0.406569633

-0.03544593 - -
- - -
0.0114886135 0.2198693868 0.0341419391
-0.305315638 -0.530625552 0.3724276943

- 0.4281665028 -
-0.248103009 - -0.64198721
-0.016964209 -0.016098496 -0.030315652
-0.087153773 -0.080749281 0.68287625
-0.352220991 0.3313187258 0.0105733874
-0.005043583 -0.011264777 -0.153355838
0.0238367192 0.0429043079 0.2192867874
0.0187931364 0.0316395306 0.0659309494
Crescent Fibres
Analysis of Cash Flow Ratios
For Years 2005-2009
Cash Flow Adequcacy Ratio = 5year sum of cash from o
5 year sum of Capital Exp

cash from operations 242037653

capital expenditure 160639154
cash dividends 93084264

denominator 253723418

0.953942899

Cash Re Investment Ratio:

gross PPE:
282340414 300962706 868323935
 c.c 17

5year sum of cash from operations

5 year sum of Capital Expenditure + Inventory Additions + Cash Dividends

Cash flow adequavy ratio = 242037653

253723418

0.95394

2009 2008 2007 2006 2005

0.456342 0.171583276106209 0.116808 0.154695956 0.025795

8.45E+08 1163277852
Crescent Fibres
Capital Structure and Solvency Ratios
For Years 2005-2009
2009 2008 2007 2006
Total Debt To Equity 1.521109 1.256428 1.103703 0.749317
Total Debt Ratio 0.577177 0.328469 0.358725 0.293472
Long Term Debt to Equity 1.365053 0.489135 0.559395 0.415372
Adjusted Long Term Debt to Equity
Equity to Total Debt 0.657415 0.795907 0.90604 1.33455
Fixed Asset to Equity 1.622739 1.350891 1.196219 1.488736
Current Liabilities to Total Liabilites 0.849322 0.796959 0.724202 0.623525
Earnings to Fixed Charges 1.248148 1.532281 2.029564 2.958697
Cash Flow to Fixed Charges 1.031093 0.425078 1.715223 2.8455
 2005 2004 C.C 20
0.868597 0.965919
0.345441 0.34742
0.527747 0.53238

1.151282 1.035283
1.508897 1.79652
0.603113 0.669027
6.17816 0.75561
1.404173 0.308624
Crescent Fibres
Return on Invested Capital Ratios
For Years 2005-2009
2009 2008 2007 2006
return on Assets $ 0.08 $ 0.05 $ 0.07 $ 0.07
Return on Common Equity 0.069136104628564 0.049187 0.124138 0.386257
Return on Long term debt and equity $ 0.19 $ 0.10 $ 0.14 $ 0.21
Financial Leverage Index $ 0.92 $ 1.09 $ 1.67 $ 5.24
Equity Growth Rate 0.069136104628564 0.049187 0.124138 0.386257
Dissagregation of ROE
Adjusted Profit margin
Asset Turnover
Financial Leverage Ratio
 c.c 21
2005 I.E(1-T) 2009
$ 0.07 I.E 54524472
0.512425 T $ 0.65
$ 0.20 I.E(1-T) $ 35,440,906.80
$ 7.03
0.512425
 2008 2007 2006 2005
32037671 36773875 31508588 13863167
$ 0.65 $ 0.65 $ 0.65 $ 0.65
$ 20,824,486.15 $ 23,903,018.75 $ 20,480,582.20 $ 9,011,058.55
Crescent Fibres
Assets Utilization Ratios
For Years 2005-2009
2009 2008 2007 2006 2005
Sales to Cash and Cash Equivalents 47.744128842 801.2549 571.5109 420.5199 252.9569
Sales to Recievables 11.997481429 13.58316 10.11045 10.98588 8.611097
Sales to Inventories 14.095660786 8.064635 10.74785 7.932157 6.565704
Sales to Working Capital -32.66365405 71.2966 13.85458 -518.7197 46.08665
Sales to Fixed Assets 5.0557865443 4.112033 3.793732 1.61106 1.279569
Sales to Other Assets 141.07679951 134.8992 82.77809 103.5362 24.92984
Sales to Total Assets 2.2477870109 1.738589 1.524112 1.0351 0.77078
Sales to Short Term Liabilities 0 8.229992 9.953939 9.174735 6.322898
C.C 22

Working Capital 2009 2008 2007 2006

-43701567 17358033 85145255 -2093460
 2005
17977507
Crescent Fibres
Analysis of Profit Margin Ratios
For Years 2005-2009
2009 2008 2007 2006 2005
Gross Profir Margin 0.07637379461 0.070005 0.098826 0.121053 0.133214
Operating profit Margin 0.04746712526 0.04005 0.064094 0.085848 0.103375
Net Profit Margin 0.00872888997 0.009125 0.028608 0.052382 0.083698
C.C. 23
Crescent Fibres
Analysis of Depreciation
For Years 2005-2009
2009 2008 2007
Accumulated Depreciation as a percent of gross plant assets 1.937878 1.818867 0.641899
annual depreciation expenses as a percent of gross plant 0.104329 0.103878 0.037728
annual depreciation expenses as a percent of sales 0.020636 0.025262 0.027771
 C.C 24
2006 2005 depreciation
0.579203 0.391482
0.043879 0.023505 547141390 547411210 557376391
0.034131 0.033002
Annual Dep
29456405 31263485 32759733
489237763 455402823

37063261 27342683
Crescent Fibres
Analysis of Discretionary Expenditures
For Years 2005-2009
2009 2008 2007
net sales 1,427,452,866 1,237,568,671 1,179,651,638
plant assets 282340414 300962706 310947544
maintenance and repairs 1246645 1074693 839,709
maintenance and repairs /sales 0.00087333532 0.0008683906 0.00071182794
maintenance and repairs/plant 0.00441539694 0.00357085107 0.00270048443
 c.c 25

2006 2005
1,085,919,003 828,523,068
674040089 647501424
648,985 311,819
0.00059763665 0.000376355
0.00096282849 0.000481573
 Crescent Fibres
Analysis of Cash Flows from Operations (Direct Method)
For Years 2005-2009

2009 2008 2007 2006

Cash Inflow
Cash generated from operations 113518340 56192624 113037103 131966352
Long term Deposits 54579 587547
Total Cash Inflow 113518340 56247203 113037103 132553899

Cash Outflow
Finance Cost Paid -52180973 -35718212 -42201633 -33322889
Taxes Paid -4301942 -6910496 -6293619 -9573325
Long term Deposits -815623 -1466464
Total Cash Outflow -57298538 -42628708 -49961716 -42896214

Net Cashflow from Operations 56219802 13618495 63075387 89657685

 2005 2004

31327289 4290868
666863
31994152 4290868

-8420243 -2802623
-4107625 -5656410
-1402163
-12527868 -9861196

19466284 -5570328
Crescent Fibres
Common Size Statement of Cash Flows
For Years 2005-2009
2009 2008 2007
Cash Flow from Operating Activities
Cash generated from operations 100.00% 99.90% 100.00%
Finance Cost Paid -45.97% -63.50% -37.33%
Taxes Paid -3.79% -12.29% -5.57%
Long term Deposits -0.72% 0.10% -1.30%
Net Cash from operating activities 49.52% 24.21% 55.80%

Cash Flows from Investing Activities

Fixed capital expenditure -8.05% -25.86% -18.23%
Purchase of shares 0.06%
Dividend recevied 0.00% 0.10% 0.04%
Proceeds from disposal of fixed assets 4.56% 21.87% 0.31%
Net cash used in investing activities -3.43% -3.88% -17.87%

Cash Flows from financing Activities

Proceeds from long term financing 3.13%
Repayments of Long Term financing -33.95% -73.82% -35.42%
Repayment of liabilities against subject to finance lease -2.86% -4.08% -3.10%
Short term borrowing 12.57% 56.65% 0.13%
Net cash from financing activities -21.11% -21.25% -38.38%
Net increase/decrease in cash and cash equivalent 24.98% -0.92% -0.46%
Cash and cash equivalent at the beginning of the year 1.36% 3.67% 2.28%
Cash and cash equivalent at the end of the year 26.34% 2.75% 1.83%

Total Cash Inflow 113518340 56247203 113037103

Cash Flow from Operating Activities
Cash generated from operations 113518340 56192624 113037103
Finance Cost Paid -52180973 -35718212 -42201633
Taxes Paid -4301942 -6910496 -6293619
Long term Deposits -815623 54579 -1466464
Net Cash from operating activities 56219802 13618495 63075387

Cash Flows from Investing Activities

Fixed capital expenditure -9141345 -14543689 -20601351
Purchase of shares 66781
Dividend recevied -3606 55651 46376
Proceeds from disposal of fixed assets 5179269 12304000 350000
Net cash used in investing activities -3898901 -2184038 -20204975

Cash Flows from financing Activities

Proceeds from long term financing 3550000
Repayments of Long Term financing -38535691 -41520259 -40038921
Repayment of liabilities against subject to finance lease -3246075 -2295898 -3501048
Short term borrowing 14264304 31861965 151325
Net cash from financing activities -23967462 -11954192 -43388644
Net increase/decrease in cash and cash equivalent 28353439 -519555 -518232
Cash and cash equivalent at the beginning of the year 1544538 2064093 2582325
Cash and cash equivalent at the end of the year 29897977 1544538 2064093
 2006 2005 2004

99.56% 97.92% 100.00%

-25.14% -26.32% -65.32%
-7.22% -12.84% -131.82%
0.44% 2.08% -32.68%
67.64% 60.84% 327.34%

-29.17% -242.83% -638.31%

-3.67%

1.19% 71.14% 53.60%

-31.65% -171.69% 584.70%

138.54%
-25.72% -1007.91%
-1.76% -5.21% -47.60%
-9.03% -26.13% 1072.10%
-36.51% 107.20% 16.60%
-0.52% -3.64% -240.77%
2.47% 13.88% 344.28%
1.95% 10.24% 103.51%

132553899 31994152 4290868

131966352 31327289 4290868

-33322889 -8420243 -2802623
-9573325 -4107625 -5656410
587547 666863 -1402163
89657685 19466284 14045672

-38660850 -77691919 -27388900

-4870550

1578626 22761079 2300000

-41952774 -54930840 25088900

44324186
-34091308 -43248000
-2331016 -1666531 -2042239
-11975615 -8359239 46002524
-48397939 34298416 712285
-693028 -1166140 -10330943
3275353 4441493 14772436
2582325 3275353 4441493