BALANCE SHEET

as at 31st December, 2009

As at As at
31.12.2009 31.12.2008
Schedule Rs. in Crores Rs. in Crores Rs. in Crores
SOURCES OF FUNDS
Shareholders' Funds
Share Capital ................................................................... A 304.74 304.52
Employee Stock Option Outstanding (Refer Note 10) .......... 0.24 0.34
Reserves and Surplus ........................................................ B 6,165.92 5,368.01

6,470.90 5,672.87
Loan Funds
Secured Loans .................................................................. C 100.00 100.00
Unsecured Loans .............................................................. D 65.70 188.67

165.70 288.67
Deferred Tax Liability, net (Refer Note 7) ................................. 485.84 380.75
TOTAL ........................................ 7,122.44 6,342.29
APPLICATION OF FUNDS
Fixed Assets ............................................................................ E
Gross Block ...................................................................... 6,224.13 5,706.94
Less: Depreciation ............................................................. 2,784.09 2,514.19

Net Block .......................................................................... 3,440.04 3,192.75

Capital Work-in-Progress (Refer Note 25) ........................... 2,564.82 1,560.75

6,004.86 4,753.50
Advances against capital expenditure ................................. 149.61 386.47

6,154.47 5,139.97
Investments ............................................................................. F 727.01 332.39
Current Assets, Loans and Advances
Inventories ........................................................................ G 683.24 938.72
Sundry Debtors ................................................................. H 152.20 224.60
Cash and Bank Balances ................................................... I 880.68 851.84
Other Current Assets ......................................................... J 10.17 24.42
Loans and Advances ......................................................... K 253.05 299.87

1,979.34 2,339.45
Less: Current Liabilities and Provisions .................................. L
Current Liabilities .............................................................. 1,067.05 1,003.24
Provisions ......................................................................... 674.04 470.56

1,741.09 1,473.80
Net Current Assets ................................................................. 238.25 865.65
Miscellaneous Expenditure
(to the extent not written off or adjusted)
Quarry / Mines Development Expenses .............................. 2.71 4.28
TOTAL ........................................ 7,122.44 6,342.29
Notes forming part of the Accounts .................................................... Q

As per our report of even date

For and on behalf of the Board
For S. R. BATLIBOI & ASSOCIATES
Chartered Accountants
David Atkinson N. S. Sekhsaria Shailesh Haribhakti
Chief Financial Officer Chairman Chairman – Audit Committee
Paul Hugentobler Nasser Munjee
per Sudhir Soni Vice Chairman Director
Partner M. L. Bhakta Rajendra P. Chitale
Membership No. 41870 Director Director
Onne van der Weijde Omkar Goswami
B. L. Taparia Director Director
Company Secretary & A. L. Kapur Naresh Chandra
Mumbai, 4th February, 2010 Head Corporate Services Managing Director Director

AMBUJA CEMENTS LTD. 64