Attock Cenent Cost Audit Report - 2010

ATTOCK CEMENT PAKISTAN LIMITED
Cost Auditors Report

For the year ended June 30, 2010
SIDDIQI & COMPANY
Cost & Management Accountants

Suite # 147, First Floor, Haroon Shopping Emporium, Sector 15-A/1, North Karachi-75850 (Pakistan).
Tel: (92-21) 36971814 - 36931527, Fax (92-21) 36931527, E-mail <siddiqicompany@yahoo.com>
Attock Cement Pakistan Limited
Cost Audit Report, 2010
COST AUDITORS REPORT, 2009-2010

INDEX
Section 1
1.
2.
Page #
Corporate Information
The Company & Its Manufacturing Process
Section 2
Cost auditors Report
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14
15.
16.
17.
Capacity
Costing Accounting System
Production
Raw Material
Wages & Salaries
Stores & Spare Parts
Depreciation
Overheads
Royalty / Technical Aid Payment
Abnormal Non-Recurring Features
Cost of Production
Sales
Profitability
Cost Auditors Observation and Conclusions
Reconciliations with Financial Statements
Cost Statements
Miscellaneous
Schedules (1 to 3)
1
2
2
2
3
5
6
6
7
9
9
9
10
10
10
12
12
12
13-15
Statement of Production Capacity

Statement of Stock in Trade
Section 3
Departmental Cost Statements
1.
Quarry
2.
Transportation
3.
Crushing
4.
Stock Hall Storage
5.
Raw Mill (For Mix / Slurry)
6.
Kiln
7.
Grinding (Cement)
8.
Packing & Storage
9.
Air Compressing
10. Power Generated / Purchased and Consumed
11. Factory General
12. Summary of Cost Report
Cost of Sales of Ground Slag
Annexures
I
II
III
IV
V
VI
VII
VIII
IX
X
XI
XII
01. CORPORATE INFORMATION

Board of Directors
Chairman
Dr. Ghaith R. Pharaon
Chief Executive
Babar Bashir Nawaz
Directors
Laith G. Pharaon
Wael G. Pharaon
Shuaib A. Malik
Abdus Sattar
Babar Bashir Nawaz
Fakhrul Islam Baig
Alternate Directors
Irfan Amanullah
Audit Committee of the Board
Chairman
Abdus Sattar
Members
Shuaib A. Malik
Fakhrul Islam Baig
Company Secretary
Irfan Amanullah
Statutory Auditors
A. F. Ferguson & Co.
Chartered Accountants
Cost Auditors
SIDDIQI & COMPANY
Bankers
Faysal Bank Limited
MCB Bank Limited
National Bank of Pakistan
Bank Al-Falah Limited
Allied Bank Limited
Bank Al-Habib
JS Bank Limited
NIB Bank Limited
United Bank Limited
Meezan Bank Limited
Barclays Bank PLC, Pakistan
Registered Office
D-70, Block-4, Kehkashan-5
Clifton, Karachi-75600.
Telephone# (92-21) 35309773-4, Fax # 35379775
UAN: (92-21) 111 17 17 17
Email. acpl@attockcement.com
Website: www.attockcement.com
Factory
Hub Chowki, Lasbella, Baluchistan.
02. THE COMPANY

&
MANUFACTURING PROCESS
1.
THE COMPANY
The Company was incorporated in Pakistan on October 14, 1981 as a public limited
Company and is listed on Karachi Stock Exchange. Its main business activity is
manufacturing and sale of cement.
2.
OPERATIONS
Basically the main objective of the Company is to manufacture and sell cement.
3.
MANUFACTURING PROCESS
The Company is using the Dry Process Technology for manufacturing of cement. It owns
leased lime stone quarries. The process consists of the following departments:(i)
Lime Stone Quarry / Transportation
(ii)
Crushing
(iii)
Raw Mill (Mix / Slurry)
(iv)
Kiln
(v)
Grinding (Cement Mill)
(vi)
Packing & Storage
The major raw materials include:

(i)
Shale / Overburden
(ii)
Lime Stone
(iii)
Gypsum
(iv)
Slag
Packing Paper bags of 50 Kg. each are used in packing.

4.
FACTORY LOCATION
The Companys cement manufacturing plant is located in Tehsil Hub, District Lasbella,
Baluchistan, Pakistan.
COST AUDITORS REPORT

We, SIDDIQI & COMPANY, Cost & Management Accountants having been appointed to
conduct an audit of cost accounts of ATTOCK CEMENT PAKISTAN LIMITED, have examined
the books of account and the statement prescribed under clause (e) of sub-section 230 of the
Companies Ordinance, 1984 and the other relevant record for the year ended June 30, 2010,
and report that:1.
we have obtained all the information and explanations which to the best of our knowledge
and belief were necessary for the purpose of this audit.
2.
in our opinion:
3.
(a)
proper cost accounting records as required by clause (e) of sub-section (1) of section
230 of the Companies Ordinance, 1984 (XLVII of 1984), and as required by these
rules, have been kept by the Company;
(b)
proper returns, statements and schedules for the purpose of audit of cost accounts
relating to branches were not required as the Company has no branches in or
outside Pakistan.
(c)
the said books and records give the information required by the rules in the manner
so required; and
in our opinion and, subject to best of our information:(a)
the annexed statement of capacity utilization and stock-in-trade are in agreement

with the books of account of the Company and exhibit true and fair view of the
Companys affairs; and
(b)
cost accounting records have been properly kept so as to give a true and fair view of
the cost of production, processing, manufacturing and marketing of the under
mentioned products of the Company, namely,
1.
2.
3.
Ordinary Portland Cement (OPC)

Sulphate Resistance Cement (SRC)
Ground Slag
The matters contained in the ANNEXED Forms are part of this report.
SIDDIQI & COMPANY

Karachi : 25 OCT 2010
1.
CAPACITY (Tonne)
(a)
Clinker
Kiln-I (2,400 T/D x 300 days)
Kiln-II (3,300 T/D x 300 days)
Licensed / Installed
Capacity
720,000
990,000
1,710,000
Utilized
Capacity
742,996
963,303
1,706,299
% of Installed
Capacity
103
97
100
(b) The company's main business activity is manufacturing and sale of cement.
2.
3.
COST ACCOUNTING SYSTEM
Manufacturing of cement is a continuous process, therefore, the company uses process cost accounting
system as prescribed by SECP as per Cement Industry (Cost Accounting Records) Order, 1994.
The company is operating a fully online integrated costing system, which generates cost statements
relating to six stages / departments and allocates cost thereon.
PRODUCTION
Qty. in Tonne
(a)
Production
Increase/(Decrease)
YEARS
Clinker
Line-1
Ordinary Portland Clinker
Suplhate Resistance Clinker
Line-2
Ordinary Potland Clinker
Cement
Ordinary Portland
Sulphate Resistance
2010
2009
Tonne
376,342
366,654
742,996
479,770
270,738
750,508
(103,428)
95,916
(7,512)
(22)
35
(1)
963,303
928,111
35,192
1,706,299
1,678,619
27,680
1,424,913
367,706
1,436,446
285,219
(11,533)
82,487
(1)
29
1,792,619
1,721,665
70,954
(b) The plant design facilitates production of the various types of cement as per production requirements
within the installed capacity limits.
(c) There is no addition to the production capacity during the year under review.
[2]
4.
RAW MATERIAL
(a)
Major Raw Materials Consumed
ITEMS
Quantity
(Tonne)
2010
Value
Rs. in '000'
Cost per
Tonne
Quantity
(Tonne)
2009
Value
Rs. in '000'
Cost per
Tonne
Quantity
(Tonne)
2008
Value
Rs. in '000'
Cost per
Tonne
Limestone
1,179,863
257,548
218
1,074,310
190,805
178
693,707
110,484
159
Shale / Overburden
1,386,521
226,150
163
1,500,726
235,326
157
1,390,585
195,863
141
157,453
87,737
557
107,246
65,100
607
103,177
57,292
555
50,136
68,993
1,376
61,397
82,849
1,349
61,264
59,246
967
30
31
1,033
4,205
4,679
1,113
22,576
30,705
1,360
Iron Ore & Salica Sand
Gypsum
Slag
Ground Slag
640,459
578,759
[3]
453,590
(b) Major Raw Materials consumption per unit of production compared with standard requirements.
Description
Limestone
Shale / Overburden
Iron Ore / Baux. Iron
Salica Sand
TOTAL
Gypsum
Standard
Tonne
TOTAL
Gypsum
% Increase / (Decrease)
as compared to Standard
2010
2009
2008
Clinker
Clinker
Clinker
Clinker
0.240
1.328
0.032
-
0.523
1.022
0.039
0.016
0.525
1.020
0.040
0.015
0.529
1.023
0.039
0.019
118
(23)
22
100
119
(23)
25
100
Clinker
1.600
1.600
1.600
1.611
(0)
(0)
Cement
0.050
0.028
0.034
0.045
(44)
(32)
(9)
Description
Limestone
Shale / Overburden
Iron Ore
Salica Sand
Ordinary Portland Cement

2010
2009
2008
Tonne
Tonne
Tonne
Standard
Tonne
Sulphate Resistance Cement

2010
2009
2008
Tonne
Tonne
Tonne
121
(23)
22
100
as compared to Standard
2010
2009
2008
Clinker
Clinker
Clinker
Clinker
0.240
1.264
0.096
-
0.412
1.020
0.121
0.047
0.424
1.021
0.110
0.045
0.419
1.020
0.113
0.048
72
(19)
26
100
77
(19)
15
100
Clinker
1.600
1.600
1.600
1.600
(0)
(0)
Cement
0.050
0.027
0.040
0.043
(46)
(20)
74
(19)
18
100
(15)
(c) Explanation of Variances
The variances from standard requirements are attributed to chemical contents of raw materials.
(d) Method of Accounting

The company is maintaining raw material records using perpetual inventory system. The per unit cost for issue of
material is determined using weighted average basis.
Limestone and shale / overburden are extracted from leased mines.
Salica Sand, Iron ore, Bauxite, Gypsum and Slag are purchased from open market. The quantities and values are
recorded in the store ledger and general ledger from stores receiving report.
[4]
5.
WAGES AND SALARIES

(a) Total wages and salaries paid for all categories of employees
2010
Rs. in '000'
142,384
332,234
474,618
100,575
35,165
610,358
Direct labour cost on production

Indirect labour cost on production
Employees' cost on administration
Employees' cost on selling and distribution
Total employees cost
2009
Rs. in '000'
154,000
359,333
513,333
114,926
32,725
660,984
2008
Rs. in '000'
106,758
244,673
351,431
79,779
20,959
452,169
Base 2009
Base 2008
(8)
33
(8)
36
(8)
35
(12)
26
7
68
(8)
35
(b) Salaries and perquisites of Chief Executive,Directors and Executives

The aggregate amounts charged in the financial accounts for remuneration to the Chief Executive, Directors
and Executives of the company are as follows :
2010
Rs. in `000'
Managerial remuneration
Housing Allowance
Utility Allowance
Bonus
Retirement benefits
Others
Number of person(s)
Chief
Executive
9,605
3,362
1,281
3,795
1,377
1,832
21,252
2009
Rs. in `000'
Directors
Executives
8,182
3,269
672
3,850
697
2,118
18,788
56,918
21,286
4,346
21,900
9,345
9,668
123,463
Chief
Executive
8,538
2,988
1,138
2,779
1,087
863
17,393
48
Directors
Executives
8,096
3,241
667
3,490
550
1,229
17,273
47,264
17,841
3,602
15,923
6,879
6,526
98,035
38
The Chief Executive, Executive Directors and certain executives are provided with free use of company
maintained cars and are also provided with medical facilities in accordance with their entitlements.
A sum of Rs. 0.32 million (2009: Rs. 0.92 million) was paid to a non-executive Director in respect of advisory
services.
(c) Total man-days of direct labour
300 days x 320 workers = 96,000
298 days x 320 workers = 95,360
Worked
95,360
(d) Average number of production workers employed
(e) Direct labour cost per tonne

Direct labour cost (Rs. in '000)
Prduction in tonne
Cost per tonne (Rs. / tonne)
Available
2010
142,384
1,792,619
79
[5]
96,000
2010
320
2009
270
2009
2008
154,000
1,721,665
89
106,758
1,364,511
78
% Worked
99%
19%
Base 2009
Base 2008
(8)
33
4
31
(11)
2
(f) Comments on Incentives Scheme
6.
The company awards bonus based on the profitability of the company and performance of the employees.
STORES AND SPARE PARTS

(a) Expenditure per unit of output
2010
Stores & spares consumed (Rs.in '000')

Production in tonne
Cost per tonne (Rs./tonne)
2009
225,521
1,792,619
126
% of Increase / (Decrease)
263,656
1,721,665
153
(14)
4
(18)
Per tonne cost of stores and spares decreased due to efficient operations during the year with less plant
stoppages for repair and maintenance required by the plant as compared to the last year.
(b) System of stores

These are valued at monthly weighted average cost less provision for slow moving and obsolete stores, spares
and loose tools. Items in transit are stated at cost.
All items of stores are properly coded and entered by designated staff members of the finance department
through network system, on daily basis.
(c) Proportion of closing inventory of stores representing items

which have not moved for over twenty four months.
Slow moving items amounting to Rs. 16.375 million which represents 2.47% (2009: 18.030 million: 2.92%) of
closing inventory.
7.
DEPRECIATION
(a) Method of depreciation
These are stated at cost less accumulated depreciation / amortization and impairment losses (if any) except
freehold land, capital work in progress and stores held for capital expenditures which are stated at cost.
Depreciation is calculated using the straight line method on all assets in use to charge off their cost excluding
residual value, if not insignificant, over their estimated useful lives.
Depreciation on acquisition is charged from the month of addition whereas no depreciation is charged on the
month of disposal.
Maintenance and normal repairs are charged to income as and when incurred. Major renewals and
improvements are capitalized and the assets so replaced, if any, are retired.
Gains and losses on disposal of fixed assets are inlcuded in income currently.
(b) Basis of allocation of depreciation on common assets to the different departments.
2010
Depreciation on common assets is allocated as under:

(i) Cost of Sales
(ii) Administrative Expenses
(iii) Distribution Cost
(Rs. '000)
261,760
9,034
270,794
2009
%
96.660
3.340
100.00
(c) Basis of charging depreciation to cost of products

The depreciation is allocated to cost of production on the value of assets employed.
[6]
(Rs. '000)
463,580
10,040
819
474,439
%
97.710
2.120
0.170
100.00
8.
OVERHEADS
(a) Total amounts of the overheads
(i)
(ii)
(iii)
(iv)
Factory
Administration
Selling & distribution
Financial
2010
Rs. in '000'
2009
Rs. in '000'
423,986
183,933
466,659
77,628
664,976
182,420
437,194
119,763
549,613
133,582
124,744
153,909
1,152,206
1,404,353
961,848
(i) Factory Overheads
Repairs and maintenance

Vehicle running & maintenance
Travelling and entertainment
Depreciation
Insurance
Others
2010
Rs.in'000'
49,546
49,556
5,354
261,760
28,201
29,569
423,986
2009
Rs. in '000'
60,570
53,037
4,369
463,580
34,594
48,826
664,976
2008
Rs. in '000'
66,139
42,229
3,186
395,937
22,196
19,926
549,613
Based on
Based on
2009
2008
(18)
(25)
(7)
17
23
68
(44)
(34)
(18)
27
(39)
48
(36)
(23)
Overall factory overheads decreased mainly due to decrease in depreciation by changing the depreciation
method and partly decline in vehicle running, repair & maintenance and other overheads as compared to last
year.
(ii) Administration Overheads
Salaries, wages and benefits

Utilities
Depreciation
Vehicle running & maintenance
Communication
Printing and stationery
Auditor's remuneration
Legal and professional charges
Advertising
Rent, rates and taxes
Donations
Insurance
Training
Subscription
Others
2008
Rs. in '000'
2010
Rs.in'000'
100,575
3,561
3,370
9,034
4,908
6,796
4,275
3,039
3,625
14,582
1,504
7,053
8,914
8,968
239
610
2,880
183,933
There is no significant variance as comapred to last year.

[7]
2009
Rs. in '000'
114,926
3,676
5,621
10,040
6,293
5,836
3,402
3,004
1,600
5,856
1,053
6,758
6,856
3,601
195
1,376
2,327
182,420
2008
Rs. in '000'
79,779
2,654
7,910
4,655
5,446
4,216
2,565
3,318
1,455
5,608
2,330
7,158
204
2,696
407
1,265
1,916
133,582
Based on
Based on
2009
2008
(12)
26
(3)
34
(40)
(57)
(10)
94
(22)
(10)
16
61
26
67
1
(8)
127
149
149
160
43
(35)
4
(1)
30
4,270
149
233
23
(41)
(56)
(52)
24
50
1
38
(iii) Selling and Distribution Overheads
Salaries, wages and benefits
2009
Rs. in '000'
2008
Rs. in '000'
35,165
32,725
20,959
819
597
(100)
(100)
4,831
27,275
3,984
(82)
21
11,722
16,376
6,285
(28)
87
650
1,364
2,083
(52)
(69)
3,629
1,783
357
104
917
363,659
311,071
78,947
17
361
45,465
43,548
9,899
100
1,538
2,233
1,633
(31)
466,659
437,194
124,744
Depreciation
PSI marking fee
Carriage outward
Advertisement and sales promotion

Export expenses
Commission on export sales
Miscellaneous expenses
Based on
Based on
2009
2008
2010
Rs.in'000'
68
(6)
274
Selling & distribution expenses increased due to increase in export expenses.
(iv) Financial Charges

2009
Rs. in '000'
2008
Rs. in '000'
66,005
94,016
109,468
Markup on short term loan
10,270
(100)
Markup on running finance
3,557
(100)
Finance lease charges
44
(100)
11,156
14,596
6,207
(24)
80
Exchange loss
10,957
24,312
(100)
100
Interest on workers' profits participation fund
467
194
51
141
816
77,628
119,763
153,909
(35)
(50)
Markup on long term murabaha
Bank charges and commission
Based on
Based on
2009
2008
2010
Rs.in'000'
The decrease in financial cost was due to repayment of long term murabaha.
(b) Reasons for any significant variances in the overheads

Reasons have already been given against items where ever necessary.
(c) Basis of allocation of overheads

The allocation was made on activity based on %age basis.
[8]
(30)
(40)
(d) Cost of Packing
1,715,452
91,625
1,807,077
Qty. in Tonne
2009
1,534,581
184,581
1,719,162
2010
Rs. in '000' Rupees/Ton
552,724
322.20
16,552
9.16
7,561
4.18
15,358
8.50
565
0.31
5,280
2.92
44,341
24.54
642,382
371.82
2009
Rs. in '000'
Rupees/Ton
514,606
335.34
12,651
7.36
8,177
4.76
17,242
10.03
692
0.40
9,351
5.44
49,844
28.99
612,563
392.32
OPC+SRC
Packed cement
Bulk cement
Total
2010
Packing material
Power
Salaries & wages
Stores / spares, repair & maint.
Insurance
Depreciation
Other administrative overheads
9.
Increase / (Decrease)
%
(13)
(4)
2
24
(1)
(12)
(2)
(15)
(0)
(22)
(3)
(46)
(4)
(15)
(21)
(5)
Rupees/Ton
ROYALTY / TECHNICAL AID PAYMENTS

Production
in Tonne
Limestone &
Shale/Overburden
2,513,087
2010
Amount
Rs. In '000
146,078
Rupees /
Tonne
58.13
Production
in Tonne
2009
Amount
Rs. In '000
2,512,273
75,255
Rupees /
Tonne
29.95
Royalty and excise duty is paid to the provincial government on the quantity of limestone, shale / overburden
extracted and transported to mill from quarries at statutory rates.
10. ABNORMAL NON-RECURRING FEATURES

(a) Features affecting production
=
NONE
(b) Special expenses

=
NONE
11. COST OF PRODUCTION

(As per Schedule-1 attached)
Qty. in
Tonne
Cement
OPC
SRC
Ground Slag
Sub-total
Clinker
OPC
TOTAL
2 0 1 0
Rs. in
000
Rs.
Per Ton
Qty. in
Tonne
2 0 0 9
Rs. in
000
Rs.
Per Ton
Increase /
(Decrease)
% Rs. P/Ton
1,424,913
367,706
30
4,453,165
1,189,238
48
5,642,451
3,125
3,234
1,600
1,436,446
285,219
3,629
4,807,338
964,230
6,776
5,778,344
3,347
3,381
1,867
(6.62)
(4.33)
(14.31)
5,311
12,506
2,355
17,990
46,219
2,569
(8.34)
5,654,957
5,824,563
Reasons for variances

Cost per tonne decreased mainly due to decrease in salaries & wages, depreciation and fuel cost.
[9]
12. SALES
Qty. in
Tonne
LOCAL
OPC
SRC
Ground Slag
Sub-total
EXPORT
OPC
SRC
Ground Slag
Clinker (OPC)
Rs.
Per Ton
Qty. in
Tonne
2 0 0 9
Rs. in
000
Rs.
Per Ton
Increase /
(Decrease)
% P/Ton
1,148,716
4,803,253
4,181
1,079,181
5,191,500
4,811
(13.08)
153,820
673,411
4,378
170,831
854,715
5,003
(12.50)
616
2,567
2,205
8,399
3,809
(32.62)
240
5,477,280
6,054,614
284,956
1,182,976
4,151
358,290
1,791,724
5,001
(16.98)
219,585
993,090
4,523
110,860
568,918
5,132
(11.87)
2,000
8,840
4,420
(100.00)
5,311
14,787
2,784
17,990
85,975
4,779
(41.74)
TOTAL
2 0 1 0
Rs. in
000
2,190,853
2,455,457
7,668,133
8,510,071
Export sales were mainly made to Middle East Asia, Africa and other countries.
13. PROFITABILITY
Qty. in
Tonne
LOCAL
OPC
SRC
Ground Slag
Sub-total
EXPORT
OPC
SRC
Ground Slag
Clinker (OPC)
Rs.
Per Ton
Qty. in
Tonne
2 0 0 9
Rs. in
000
Rs.
Per Ton
Increase /
(Decrease)
% P/Ton
1,148,716
1,054,133
918
1,079,181
1,333,642
1,236
(25.74)
153,820
150,335
977
170,831
245,751
1,439
(32.06)
181
753
2,205
3,206
1,454
(48.21)
240
1,204,649
1,582,599
284,956
77,293
271
358,290
286,475
800
(66.08)
219,585
108,486
494
110,860
91,484
825
(40.13)
5,311
(2,111)
TOTAL
2 0 1 0
Rs. in
000
(397)
2,000
4,079
2,040
(100.00)
17,990
24,088
1,339
(129.68)
183,668
406,127
1,388,317
1,988,726
The decrease in net profit is due to the following reasons:

Decrease in selling price.
Increase in royalty on limestone & shale overburden which affected the cost of production.
Inflationery trend in electricity cost.
[ 10 ]
14. COST AUDITORS' OBSERVATIONS AND CONCLUSIONS

(a) Matters which appear to him to be clearly wrong in principle or apparently unjustifiable.
No such matters have so far come to our notice during the year under review.
(b) Cases where the company funds have been used in a negligent or inefficient manner.
=
N ONE
(c) Factors which could have been controlled but have not been done resulting in increase in the cost
of production.
=
N ONE
=
(d)
(i) The Adequacy or otherwise of Budgetary Control System, if any, in vogue in the company.
The company prepares its budget on annual basis. A monthly report comparing actual results with budget is
generated alongwith the reasons for major variances. On the basis of such variances corrective measures
are initiated, implemented and followed up.
(ii) The scope and performance of Internal Audit, if any.
The Board has outsourced the internal audit function to M/s. Ernst & Young Ford Rhodes Sidat Hyder &
Co., Chartered Accountants who are involved in the internal audit function on a full time basis.
(e) Suggestion for improvements in performance.

(i) rectification of general imbalance in production facilities
Apparently, there is no general imbalance in production facilities.
(ii) fuller utilization of installed capacity
The plant has already utilized maximum capacity shown by Kiln # I. It has achieved 103% capacity
utilization where as Kiln # II achieved 97% of capacity utilization which has yielded good production
results.
(iii) Comments on areas offering scope for
(a) Cost reduction
Company is working on various projects to reduce its cost of production prominent among them is
waste heat recurring system.
(b) Increased productivity
The company has already expanded its clinker production in 2005-06 from 2400/TPD to 5700/TPD
and as a result thereof, the fixed cost per tonne decreased considerably.
(c) Key limiting factors causing production bottle necks.
=
NONE
=
[ 11 ]
(d) Improved inevntory policies

Present inventory policies are satisfactory.
(e) Energy conservancy
The company has already switched over to `COAL' as one of the cheapest source of energy.
(iv) State of technology

The company uses 'Dry Process' which is the latest technology in cement production.
(v) Plant
The plant was new when installed.
15. RECONCILIATIONS WITH FINANCIAL STATEMENTS
The cost accounts are reconciled with audited financial accounts for the year ended June 30, 2010 as per
reconciliation statement annexed herewith.
16. COST STATEMENTS
Copies of all cost statements on the formats prescribed by Securities and Exchange Commission of Pakistan
under clause (e) of sub-section (1) of section 230 of the Companies Ordinance, 1984, duly authenticated by the
chief executive and Chief Financial Officer of the company, and verified by us are appended to the report.
17. MISCELLANEOUS
Figures have been rounded off to nearest thousand and rupee one. Previous year's figures have been re-arranged
and regrouped where necessary to facilitate comparison.
SIDDIQI & COMPANY

Karachi : 25 OCT 2010
[ 12 ]
Schedule-1
COST OF PRODUCTION
YEAR : 2010
Quantity in Tonne
a)
Quantitative Data
Production (Tonne)
Ground
Slag
CEMENT
OPC
SRC
1,424,913
367,706
30
Clinker
5,311
TOTAL
1,797,960
Rupees in '000
b) Cost Elements
Cost of sales
Transferred to raw material inventory
SRC
4,495,685
Cost of goods manufactured
1,210,446
(7,058)
4,488,627
Inventory adjustments (finished goods)
Ground
Slag
CEMENT
OPC
(1,822)
1,208,624
(35,462)
4,453,165
408
(19,386)
1,189,238
Clinker
12,506
-
408
12,506
(360)
48
12,506
TOTAL
5,719,045
(8,880)
5,710,165
(55,208)
5,654,957
YEAR : 2009
Quantity in Tonne
a)
Quantitative Data
CEMENT
OPC
Production (Tonne)
Ground
Slag
SRC
1,436,446
285,219
3,629
Clinker
17,990
TOTAL
1,743,284
Rupees in '000
b) Cost Elements
CEMENT
OPC
Cost of sales
Transferred to raw material inventory
4,804,823
(7,342)
951,163
(1,458)
4,797,481
949,705
9,857
14,525
4,807,338
964,230
Inventory adjustments (finished goods)

Cost of goods manufactured
SRC
[ 13 ]
Ground
Slag
7,694
Clinker
46,219
7,694
46,219
(918)
6,776
46,219
TOTAL
5,809,899
(8,800)
5,801,099
23,464
5,824,563
Schedule-2
NET SALES REALIZATION

YEAR : 2010
LOCAL SALES
CEMENT
a)
Quantitative Data
Quantity Sold
OPC
SRC
1,148,716
153,820
Ground
Slag
240
CEMENT
OPC
Gross Sales
Less:
Sales Tax
Special Excise Duty
Federal Excise Duty
Net Sales Realization
SRC
OPC
SRC
Slag
284,956
219,585
Clinker
5,311
TOTAL
1,812,628
Rupees in '000
EXPORT SALES
LOCAL SALES
b) Sales Realization Value
Quantity in Tonne
EXPORT SALES
CEMENT
Ground
Ground
Slag
CEMENT
OPC
Ground
Slag
SRC
Clinker
TOTAL
6,551,006
911,556
720
1,182,976
993,090
14,787
9,654,135
897,027
48,096
802,630
1,747,753
4,803,253
124,416
6,734
106,995
238,145
673,411
98
6
1,182,976
993,090
14,787
1,021,541
54,836
909,625
1,986,002
7,668,133
104
616
YEAR : 2009
Quantity in Tonne
LOCAL SALES
CEMENT
a)
Quantitative Data
Quantity Sold
OPC
SRC
1,079,181
170,831
EXPORT SALES
Ground
Slag
2,205
CEMENT
Ground
Slag
OPC
SRC
358,290
110,860
2,000
Clinker
17,990
TOTAL
1,741,357
Rupees in '000
LOCAL SALES
CEMENT
b) Sales Realization Value

OPC
Gross Sales
SRC
CEMENT
Ground
Slag
OPC
EXPORT SALES
Ground
SRC
7,175,737
1,174,859
9,829
1,791,724
976,433
160,236
1,344
51,526
8,538
86
Slag
568,918
Clinker
TOTAL
8,840
85,975
10,815,882
1,138,013
60,150
Less:
Sales Tax
Special Excise Duty
Federal Excise Duty
Net Sales Realization
956,278
151,370
1,107,648
1,984,237
320,144
1,430
2,305,811
5,191,500
854,715
8,399
8,840
85,975
8,510,071
[ 14 ]
1,791,724
568,918
Schedule-3
PROFITABILITY
YEAR : 2010
Quantity in Tonne
LOCAL SALES
a)
Quantitative Data
Quantity Sold
OPC
EXPORT SALES
Ground
CEMENT
SRC
Slag
Ground
CEMENT
OPC
SRC
Slag
Clinker
1,148,716
153,820
240
284,956
219,585
5,311
63.37
8.49
0.01
15.72
12.11
0.29
TOTAL
1,812,628
Rupees in '000
LOCAL SALES
b) Product Wise Profit
CEMENT
OPC
Net Sales
Less: Cost of Sales
Gross Profit
Less:
Administrative exp.
Financial charges
Export expenses
Other charges
Other income
Profit before taxation
EXPORT SALES
Ground
Slag
SRC
CEMENT
OPC
SRC
Ground
Slag
Clinker
TOTAL
4,803,253
673,411
616
1,182,976
993,090
14,787
7,668,133
3,618,577
505,596
408
870,051
703,028
12,506
5,710,166
1,184,676
167,815
208
312,925
290,062
2,281
1,957,967
65,274
8,741
14
16,192
12,478
302
103,000
116,564
15,609
24
28,915
22,282
539
183,933
49,195
6,588
10
12,204
9,404
227
77,628
203,249
156,622
3,788
363,659
65,255
8,738
14
16,187
12,474
302
102,969
(165,745)
(22,194)
(35)
(41,116)
(31,683)
(766)
(261,539)
17,480
150,335
27
181
235,632
77,293
181,576
108,486
4,392
(2,111)
130,543
1,054,133
569,650
1,388,317
YEAR : 2009
Quantity in Tonne
LOCAL SALES
CEMENT
a)
Quantitative Data
Quantity Sold
OPC
SRC
EXPORT SALES
Ground
Slag
CEMENT
OPC
SRC
Ground
Slag
Clinker
1,079,181
170,831
2,205
358,290
110,860
2,000
17,990
61.97
9.81
0.13
20.58
6.37
0.11
1.03
TOTAL
1,741,357
Rupees in '000
LOCAL SALES
CEMENT
b) Product Wise Profit

OPC
SRC
Ground
Slag
CEMENT
OPC
EXPORT SALES
Ground
SRC
Slag
Clinker
TOTAL
Net Sales
5,191,500
854,715
8,399
1,791,724
568,918
8,840
85,975
8,510,071
Less: Cost of Sales
3,604,278
568,823
4,675
1,193,203
380,882
3,019
46,219
5,801,099
Gross Profit
Less:
Administrative exp.
Financial charges
Export expenses
Other charges
Other income
1,587,222
285,892
3,724
598,521
188,036
5,821
39,756
2,708,972
78,163
113,052
74,221
91,350
(103,206)
253,580
1,333,642
12,373
17,896
11,749
14,460
(16,337)
40,141
245,751
160
231
152
187
(211)
518
3,206
25,950
37,534
24,642
227,856
30,328
(34,265)
312,045
286,475
8,029
11,613
7,624
70,502
9,384
(10,602)
96,551
91,484
145
210
138
1,272
169
(191)
1,742
4,079
1,303
1,885
1,237
11,441
1,523
(1,720)
15,668
24,088
126,123
182,420
119,763
311,071
147,402
(166,533)
720,246
1,988,726
Profit before taxation
[ 15 ]
Reconciliation of Cost of Sales with Audited Financial Accounts

For the year ended June 30, 2010
Cost accounts are in agreement with audited financial accounts of the company for the year ended June 30,
2010 as shown below:
2010
Rs. in '000
Cost of sales
(as per cost accounts)
5,710,166
Cost of sales
(as per financial accounts)
5,710,166
[ 16 ]

STATEMENT OF CAPACITY UTILIZATION
under Rule 4(1)(a) of Companies (Audit of Cost Accounts) Rule 1998
As at June 30, 2010 as compared with June 30, 2009
Machine Hours
Departments
Licensed /
Installed
Capacity
2010
Utilized Capacity
2009
% of Installed
Utilized Capacity
Capacity
% of Installed
Capacity
Kiln - I
7,200
7,156
99.39
7,375
102.43
Kiln - II
7,200
7,511
104.32
7,462
103.64
14,400
14,667
101.86
14,837
103.03
Cement Mill - I
7,200
6,341
88.07
6,097
84.68
Cement Mill - II
7,200
6,018
83.58
5,172
71.83
Cement Mill - III
7,200
6,061
84.19
5,004
69.50
Cement Mill - IV
7,200
5,958
82.75
6,041
83.90
28,800
24,378
84.65
22,314
77.48
Total
Total
Production Units (Tonne)

Departments
Licensed /
Installed
Capacity
2010
Utilized Capacity
2009
% of Installed
Utilized Capacity
Capacity
% of Installed
Capacity
Kiln - I
720,000
742,996
103.19
750,508
104.24
Kiln - II
990,000
963,303
97.30
928,111
93.75
1,710,000
1,706,299
99.78
1,678,619
98.16
Cement Mill - I
792,000
530,003
Cement Mill - II
324,000
201,380
62.15
174,216
53.77
Cement Mill - III
720,000
524,202
72.81
457,489
63.54
Cement Mill - IV
720,000
537,034
74.59
555,335
77.13
2,556,000
1,792,619
70.13
1,721,665
67.36
Total
Total
Chief Executive
Karachi: 25 OCT 2010
66.92
534,625
Chief Financial Officer
67.50

STATEMENT OF STOCK-IN-TRADE
under Rule 4(1)(b) of Companies (Audit of Cost Accounts) Rule 1998
As at June 30, 2010 as compared with June 30, 2009
(Rupees in '000)
2010
Quantity
( MT )
2009
Cost in
Rupees
Quantity
( MT )
Cost in
Rupees
Stock of Raw and Packing Material :

Shale & Overburden
Lime stone
Iron ore / Bauxitic Iron
Gypsum
Slag
Salica Sand
Packing bags
Sub Total : -
754
8,021
30,465
29,600
8,955
2,893
1,593,273
Tonne
Tonne
Tonne
Tonne
Tonne
Tonne
Nos.
148
2,167
22,340
34,584
9,114
970
29,627
98,950
7,663 Tonne
14,949 Tonne
73,675 Tonne
16,752 Tonne
90,427
113,039
2,758
59,314
15,578
40,885
8,985
3,208
2,885,495
Tonne
Tonne
Tonne
Tonne
Tonne
Tonne
Nos.
505
10,689
9,704
60,860
9,144
1,285
51,787
143,974
2,031
6,947
12,807 Tonne
16,047 Tonne
3,325
6,624
173,040
39,121
337,405
21,316
221,139
124,083 Tonne
7,839 Tonne
131,922
160,776
368,670
14,464 Tonne
2,779 Tonne
17,243
38,373
7,707
46,080
23,223 Tonne
8,478 Tonne
31,701
73,835
27,094
100,929
0.46 Tonne
211 Tonne
361
Stock of Work-in-Process :
Stock Pile Formation
Raw Meal
Clinker :
OPC
SRC
Sub Total : -
Stock of Finished Products :

Ordinary Portland Cement
Sulphate Resisting Cement
Sub Total : Ground Slag
Grand Total : -
366,170
613,934
REMARKS:
01.
In terms of clause 3(2) of Companies (Audit of Cost Accounts) Rules, 1998 (SRO: 846/(1)/98) dt. July 24,
1998, the Cost Auditors were appointed by the directors with the prior approval of Securities & Exchange
Commission of Pakistan within sixty days of the close of financial year of the company.
02.
In view of the above mentioned constrains appointing the Cost Auditors after the close of the financial
year; the cost auditors were not present on the date of physical stock taking as of the close of the financial
year. Under these circumstances, the physical stock taking carried out and financial accounts as certified
by the statutory auditors as of June 30, 2010 were relied upon for the purpose of the above mentioned
statement of stock in trade [under clause (4)(1)(b) of Companies (Audit of Cost Accounts) Rules, 1998].
Chief Executive
Karachi: 25 OCT 2010

Annexure-I
NAME OF DEPARTMENT - QUARRY
FOR THE YEAR ENDED JUNE 30, 2010
A. Quantitative Data
Opening stock at quarry

Quantity quarried
Limestone
Shale / Overburden
Total available stock
Quantity transported to crusher
Limestone
Shale / Overburden
Closing stock at quarry
2010
Tonne
62,073
2009
Tonne
124,836
Increase/(Decrease)
Tonne
(62,763)
1,128,570
1,384,517
2,513,087
2,575,160
1,016,765
1,495,508
2,512,273
2,637,109
111,805
(110,991)
814
(61,949)
1,179,863
1,386,521
2,566,384
8,776
1,074,310
1,500,726
2,575,036
62,073
105,553
(114,205)
(8,652)
(53,297)
B. Cost Statement
Cost
Direct Departmental Costs:

Explosives (if any)
Royalty and duties
Labour cost
Salaries
Employee's other benefits
Contract Labour
Insurance
Stores & spares
Diesel-oil
Depreciation
Sub-Total :
Rs. in '000'
2010
Rs.Per Tonne
Rs. in '000'
2009
Rs.Per Tonne
31,125
146,078
27,652
6,947
8,774
4,279
1,977
9,482
2,478
1,313
10,593
250,698
12.39
58.13
11.00
2.76
3.49
1.70
0.79
3.77
0.99
0.52
4.22
99.76
25,482
75,255
29,908
7,514
9,490
4,628
2,422
4,223
2,781
3,726
18,763
184,192
10.14
29.95
11.90
2.99
3.78
1.84
0.96
1.68
1.11
1.48
7.47
73.32
31,811
12.66
35,759
14.23
31,811
12.66
35,759
14.23
282,509
112.42
219,951
87.55
11,194
19,994
Total cost of available stock :
293,703
114.05
239,945
90.99
C. Cost Distribution
Cost transferred to crusher.
Cost of closing stock.
291,388
2,315
113.54
-
228,751
11,194
88.83
-
293,703
114.05
239,945
90.99
Indirect Departmental Costs :

Compressed Air (Annexure IX)
Power (Annexure X)
Other Factory Expenses (Annexure XI)
Sub-Total :
Total cost of the period
Add : Cost of opening stock
Total cost accounted for:
Chief Executive

Annexure-II
DEPARTMENTAL COST STATEMENT
NAME OF DEPARTMENT - TRANSPORTATION
2010
Tonne
Quantity transported from quarry :
(i) Shale/Overburden
(ii) Lime Stone
(iii) Gypsum
Total:
Increase/(Decrease)
Tonne
2009
Tonne
1,386,521
1,179,863
1,500,726
1,074,310
(114,205)
105,553
2,566,384
2,575,036
(8,652)
2010
2009
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
Increase/(Decrease)
Rs. in '000' Rs.perTonne
B. Cost Statement
Cost
Direct Departmental Costs :
(a) Outside contract costs
of transportation :
(ii) Lime Stone
(iii) Gypsum
Sub-Total (a) :
85,540
106,771
192,311
61.69
90.49
74.93
102,010
95,370
197,380
67.97
88.77
76.65
(16,470)
11,401
(5,069)
(6.28)
1.72
(1.72)
(b) Own transportation costs :

Duties (if any)
Labour costs
Salaries
Indirect materials
Insurance
Fuel Oil
Greases
Gas
Tyres and tubes
Depreciation
Other Overheads
Sub-Total (b) :
Power (Annexure X)
Other Factory Expenses
(Annexure XI)
Sub-Total :
Total own transportation cost:
(c) Total transportation cost
192,311
74.93
197,380
76.65
(5,069)
(1.72)
C. Cost Distribution.
Apportioned to :
(ii) Lime Stone
(iii) Gypsum
Total :
85,540
106,771
192,311
61.69
90.49
74.93
102,010
95,370
197,380
67.97
88.77
76.65
(16,470)
11,401
(5,069)
(6.28)
1.72
(1.72)
Chief Executive

Annexure-III
NAME OF DEPARTMENT - CRUSHING
Opening Stock (uncrushed material).
Shale/Overb. - Tonne
Lime Stone -Tonne
2010
2010
2009
Total (Tonne)
2009
2010
2009
Add : Received from quarry
1,386,521
1,500,726
1,179,863
1,074,310
2,566,384
2,575,036
Total available for crushing :
1,386,521
1,500,726
1,179,863
1,074,310
2,566,384
2,575,036
Less : Closing Stock (uncrushed
material).
Crushed during the period
Add : Opening Stock (Crushed material).
Total Crushed Material Available :
Less : Closing Stock (Crushed material).
1,386,521
1,500,726
1,386,521
1,500,726
1,179,863
1,074,310
1,179,863
1,074,310
2,566,384
2,575,036
12,807
19,009
2,579,191
2,594,045
7,663
12,807
Transferred to raw mill.
2,571,528
2,581,238
Stock Adjustment.
Stock Reconciliation :
Total :
2,571,528
2,581,238
B. Cost Statement
2010
2009
Increase/(Decrease)
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
Labour cost
1,895
0.74
2,050
0.80
(155)
(0.06)
Salaries
3,815
1.49
4,126
1.60
(311)
(0.12)
2,184
0.85
2,361
0.92
(177)
(0.07)
Contract Labour
Stores & spares
25,905
10.09
19,078
4,459
1.74
5,006
1.94
(547)
283
0.11
346
0.13
(63)
(0.02)
8,285
3.23
14,675
5.70
(6,390)
(2.47)
46,826
18.25
47,642
18.50
(816)
(0.26)
Repair and maintenance

Insurance
Depreciation
Sub-Total (a) :
7.41
6,827
2.69
(0.21)

Power (Annexure X)
29,187
11.37
22,309
8.66
6,878
2.71
36,813
14.34
41,380
16.07
(4,567)
(1.73)
66,000
25.72
63,689
24.73
2,311
0.98
112,826
43.96
111,331
43.23
1,495
0.73
(Annexure XI)
Sub-Total (b) :
Total Cost(a+b) :

Annexure-III
Cont'd
(On time or other appropriate basis)
2010
2009
Increase/(Decrease)
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
Shale/Overburden
Lime Stone
Gypsum
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
Rs. in '000'
Rs.perTonne
D. Cost Transferred and Cost of

Closing Stock Cost Summary
2010
(a) Opening Stock (Uncrushed)

(b) Cost received
2009
Increase/(Decrease)
291,388
113.54
228,751
88.83
62,637
24.71
192,311
74.93
197,380
76.65
(5,069)
(1.72)
483,699
188.47
426,131
165.49
57,568
22.99
(during the year) - quarry

Cost received
(during the year) - transport
(c) Total Cost for uncrushed materials

(a+b)
(d) Cost applicable for closing stock
(uncrushed)
(e) Cost applicable for crushed material

(c-d)
483,699
188.47
426,131
165.49
57,568
22.99
112,826
43.96
111,331
43.23
1,495
0.73
4,391
231.00
(1,066)
541,854
208.88
57,996
23.69
3,325
259.62
(1,294)
538,529
208.63
59,290
23.84
(f) Cost of crushing process

(from above)
(g) Opening stock (crushed material)
(h) Total cost applicable to crushed
3,325
599,850
232.57
material (e + f + g)
(j) Closing stock (crushed material)
(k) Cost transferred to Raw mill (h-j)
Chief Executive
2,031
597,819
232.48

Annexure-IV
NAME OF DEPARTMENT - STOCK HALL STORAGE/ISSUAGE OF RAW MATERIAL
Shale/Overburden
Lime Stone
Gypsum
For the year
Last year
For the year
Last year
For the year
Last year
tonne
tonne
tonne
tonne
tonne
tonne
Opening Stock.
Received from crusher.
Purchased.
Total
Issued to Mix/Slurry.
Stock Adjustment.
Closing Stock.
B. Cost Statement
For the year
Rs. 000
per tonne
Last year
Rs. 000
per tonne
Labour Costs :
Salaries.
Employees' other benefits.
Indirect materials.
Repairs and maintenance.
Insurance.
Fuel-Oil.
Gas
Depreciation
Other Overheads
Sub-Total (a) :
Compressed Air (Annexure IX).
Power (Annexure X)
Other Expenses (Annexure XI).
Sub-Total (b) :
Total Cost (a+b) :
C: Cost Distribution
Quantity issued to
Raw Mill
(tonnes)
Cost of Stock Hall

Applicable to issues
Closing Stock
----------------------------------- ----------------------------------Rs. in '000
Shale/Overburden
Lime Stone.
Gypsum.
Cost of Applicable to
Rs. / Tonne
Rs. in '000
Rs. / Tonne
Total.
D. Cost Summary (Upto Stock Hall Stage)
Cost Transferred and Cost of closing Stock:
Shale/Overburden
Rs. in '000
Rs. / Tonne
Lime Stone
Rs. in '000
Rs. / Tonne
Gypsum
Rs. in '000
Opening Stock.
Add : Received from Crusher/
purchases.
Stock Hall
Cost.
Total :
Less: Cost of closing stock.
Cost applicable to quantities
issued to Raw Mill.
Chief Executive
Rs. / Tonne

Annexure-V
NAME OF DEPARTMENT - RAW MILL (FOR MIX/SLURRY)
Opening Stock.
Received from Crushing.
Add: Iron ore
Bauxitic Iron/Slica sand
Total:
Issued for Mix/Slurry.
Total Raw Meal Produced.
Mix/Slurry transferred to clinkering.
Closing Stock.
Shale/Overburden
Tonne
2010
2009
1,328,708
1,577,137
1,328,708
1,577,137
-
Lime Stone
Tonne
2010
2009
1,242,819
1,004,101
1,242,819
1,004,101
-
Mix/Slurry
Tonne
2010
2009
16,047
13,353
2,571,528
2,581,238
92,464
86,484
64,990
20,762
2,728,981
2,688,484
2,745,028
2,701,837
2,745,028
2,701,837
2,730,078
2,685,790
14,950
16,047
B. Cost Statement
2010
Rs. in '000'
2009
Rs.perTonne
Rs. in '000'
Increase/(Decrease)
Rs.perTonne
Rs. in '000'
Rs.perTonne
Direct Material :
(1) Opening Stock
(2) Received from crushing
(3) Total.
(4) Closing Stock
597,819
597,819
-
219.06
219.06
-
538,529
538,529
-
200.31
200.31
-
59,290
59,290
-
18.75
18.75
-
Cost of raw materials processed (3)-(4)
597,819
219.06
538,529
200.31
59,290
18.75
Direct Departmental Costs:

Diect material
Labour
Salaries
Contract labour
Repairs and maintenace
Stores & spares
Linning plate
Grinding media
Water
Dereciation
Insurance
Sub-Total (a) :
87,737
4,124
3,315
3,209
10,899
75,562
616
279
704
36,960
3,955
825,179
32.15
1.51
1.21
1.18
3.99
27.69
0.23
0.10
0.26
13.54
1.45
302.38
65,100
4,460
3,585
3,471
12,236
55,644
7,335
3,132
748
65,456
4,844
764,539
24.21
1.66
1.33
1.29
4.55
20.70
2.73
1.16
0.28
24.35
1.80
284.38
22,637
(336)
(270)
(262)
(1,337)
19,918
(6,719)
(2,853)
(44)
(28,496)
(889)
60,640
7.94
(0.15)
(0.12)
(0.12)
(0.56)
6.99
(2.50)
(1.06)
(0.02)
(10.80)
(0.35)
18.00
204,489
73,543
74.93
26.95
156,292
82,670
58.13
30.75
48,197
(9,127)
16.80
(3.80)
101.88
404.26
404.31
238,962
1,003,501
4,982
1,008,483
88.88
373.26
373.26

Compressed Air (Annexure IX
Power (Annexure X
(Annexure XI)
Sub-Total (b) :
Total Cost (a+b) :
Cost of opening stock
Total cost of slurry available
278,032
1,103,211
6,624
1,109,835
39,070
99,710
1,642
101,352
13.00
31.00
31.05
Transferred to Kiln
Closing stock of mix/slurry
Total :
Chief Executive
2010
Rs. in '000'
Rs.perTonne
1,102,888
403.98
6,947
1,109,835
404.31
2009
Increase/(Decrease)
Rs. in '000' Rs.perTonne Rs. in '000' Rs.perTonne
1,001,859
373.02
101,029
30.95
6,624
323
1,008,483
373.26
101,352
31.05

Annexure-VI
NAME OF DEPARTMENT - KILN
A. Quantitative Data - Combined (OPC + SRC)
Opening Stock.
Quantity received from Raw Mill.
Total :
2010
Tonne
2,730,078
2,730,078
2009
Tonne
2,685,791
2,685,791
Quantity fed into (the) Kiln.

Stock Adjustment - Burning loss.
Closing Stock.
2,730,078
1,023,779
-
2,685,791
1,007,171
-
44,287
16,608
-
Clinker Produced.
Clinker purchased
Opening Stock of Clinker.
Total available stock :
Clinker transferred to Grinding.
Clinker sold (Local)
Clinker sold (Export)
Total clinker sold
Closing Stock of Clinker.
1,706,299
131,922
1,838,221
1,742,483
5,311
5,311
90,427
1,678,619
37,695
93,866
1,810,180
1,660,268
17,990
17,990
131,922
27,680
(37,695)
38,056
28,041
82,215
(12,679)
(12,679)
(41,495)
Increase/(Decrease)
Tonne
44,287
44,287
B: Cost Statement - Combined (OPC + SRC)

2010
Rs. in '000'
Rs.perTonne
2009
Rs. in '000'
Rs.perTonne
Cost received from Raw Mill :

(1) Opening Stock.
(2) Received during the year.
(3) Total
(4) Closing Stock.
Cost to be charged to the process (3) (4).
1,102,888
1,102,888
1,102,888
646.36
646.36
646.36
1,001,859
1,001,859
1,001,859
596.84
596.84
596.84

Local Clinker Purchase
Clinker handling charges
Labour
Salaries
Employees' other benefits
Contract labour
Linning plate
Bricks
Coal / Gas / Oil
Water
Stores & spares
Depreciation
Insurance
Sub-Total (a) :
17,132
4,772
32,710
7,815
7,971
411
36,936
1,906,268
7,032
9,908
32,149
113,520
12,099
3,291,611
10.04
2.80
19.17
4.58
4.67
0.24
21.65
1,117.19
4.12
5.81
18.84
66.53
7.09
1,929.09
111,230
18,734
5,161
35,379
8,453
8,621
3,667
14,350
2,382,407
7,482
11,124
36,525
201,045
14,879
3,860,916
66.26
11.16
3.07
21.08
5.04
5.14
2.18
8.55
1,419.27
4.46
6.63
21.76
119.77
8.86
2,300.06

Cont'd
Annexure-VI

Power (Annexure X)
642,477
94,630
376.53
55.46
491,049
106,374
292.53
63.37
Sub Total (b) :
737,107
431.99
597,423
355.90
4,028,718
2,361.09
4,458,339
2,655.97
Total Cost (a+b) :

Opening Stock - Clinker
Total cost of clinker available
Less : Cost of clinker sold (if any)
Net Cost.
358,721
205,789
4,387,439
2,386.79
4,664,128
2,576.61
12,506
2,354.83
46,219
2,569.15
4,374,933
2,386.79
4,617,909
2,576.61
C. Cost Distribution - Combined (OPC + SRC)

2010
Rs. in '000'
Rs.perTonne
Cost transferred to Grinding
Cost of closing Stock of Clinker
Total :
Chief Executive
4,162,772
212,161
4,374,933
2,388.99
2,386.79
2009
Rs. in '000'
Rs.perTonne
4,259,188
358,721
4,617,909
2,565.36
2,576.61

Annexure-VI (A)
A. Quantitative Data - OPC
Opening Stock.
Total :
2010
Tonne
2,143,432
2,143,432
2009
Tonne
2,252,610
2,252,610
Increase/(Decrease)
Tonne
(109,178)
(109,178)

Closing Stock.
2,143,432
803,787
-
2,252,610
844,728
-
(109,178)
(40,941)
-
Clinker Produced.
Clinker purchased
Clinker sold (Local)
Clinker sold (Export)
Total clinker sold
1,339,645
124,083
1,463,728
1,384,742
5,311
5,311
73,675
1,407,882
37,695
82,872
1,528,449
1,386,376
17,990
17,990
124,083
(68,237)
(37,695)
41,211
(64,721)
(1,634)
(12,679)
(12,679)
(50,408)
B: Cost Statement - OPC

2010
Rs. in '000'
Rs.perTonne
(1) Opening Stock.
(3) Total
(4) Closing Stock.
Cost to be charged to the process (3) (4).
Local Clinker Purchase
Clinker handling charges
Labour
Salaries
Contract labour
Linning plate
Bricks
Coal / Gas / Oil
Water
Stores & spares
Depreciation
Insurance
Sub-Total (a) :
2009
Rs. in '000'
Rs.perTonne
825,375
825,375
825,375
616.11
616.11
616.11
840,259
840,259
840,259
596.82
596.82
596.82
13,450
4,772
26,251
5,094
7,971
274
36,936
1,496,610
5,820
7,431
17,037
95,209
9,488
2,551,718
10.04
3.56
19.60
3.80
5.95
0.20
27.57
1,117.17
4.34
5.55
12.72
71.07
7.08
1,904.77
111,230
15,630
5,161
28,393
5,510
8,621
3,060
14,350
1,991,126
6,193
8,343
25,396
168,616
12,479
3,244,368
79.01
11.10
3.67
20.17
3.91
6.12
2.17
10.19
1,414.27
4.40
5.93
18.04
119.77
8.86
2,304.43

Cont'd
Annexure-VI (A)

Power (Annexure X)
478,710
78,950
357.34
58.93
411,843
88,748
292.53
63.04
Sub Total (b) :
557,660
416.27
500,591
355.56
3,109,378
2,321.05
3,744,959
2,659.99
Total Cost (a+b) :

Opening Stock - Clinker - OPC
Less : Cost of clinker sold (if any)
Net Cost.
337,405
181,879
3,446,783
2,354.80
3,926,838
2,569.17
12,506
2,354.83
46,219
2,569.17
3,434,277
2,354.80
3,880,618
2,569.17
C. Cost Distribution - OPC

2010
Rs. in '000'
Rs.perTonne
Total :
Chief Executive
3,261,237
173,040
3,434,277
2,355.12
2,354.80
2009
Rs. in '000'
Rs.perTonne
3,543,213
337,405
3,880,618
2,555.74
2,569.17

Annexure-VI (B)
A. Quantitative Data - SRC

2010
Tonne
2009
Tonne
Increase/(Decrease)
Tonne
Opening Stock.
586,646
433,181
153,465
Total :
586,646
433,181
153,465

Closing Stock.
586,646
219,992
-
433,181
162,443
-
153,465
57,549
-
Clinker Produced.
Clinker sold.
Stock Adjustment.
366,654
7,839
374,493
357,741
16,752
270,738
10,993
281,731
273,892
7,839
95,916
(3,154)
92,762
83,849
8,913
Total :
374,493
281,731
92,762
B: Cost Statement - SRC

2010
Rs. in '000'
Rs.perTonne
(1) Opening Stock.
(3) Total
(4) Closing Stock.
Cost to be charged to the process
(3) - (4).
Clinker handling
Salaries
Coal / Gas / Oil
Linning plate
Water
Stores & spares
Depreciation
Insurance
Sub-Total (a) :
2009
Rs. in '000'
Rs.perTonne
277,513
277,513
277,513
756.88
756.88
756.88
161,600
161,600
161,600
596.89
596.89
596.89
3,682
6,459
2,721
409,658
137
1,212
2,477
15,112
18,311
2,611
10.04
17.62
7.42
1,117.29
0.37
3.31
6.76
41.22
49.94
7.12
3,104
6,986
2,943
391,281
607
1,289
2,781
11,129
32,429
2400
11.46
25.80
10.87
1,445.24
2.24
4.76
10.27
41.11
119.78
8.86
739,893
2,017.96
616,549
2,277.29

Cont'd
Annexure-VI (B)

Power (Annexure X)
163,767
15,680
446.65
42.77
79,206
17,626
292.56
65.10
Sub Total (b) :
179,447
489.42
96,832
357.66
Total Cost (a+b) :
919,340
2,507.38
713,381
2,634.95
Opening Stock - Clinker

Less : Value of clinker sold (if any)
Net Cost
21,316
940,656
2,511.81
23,910
737,291
940,656
2,511.81
737,291
2,617.00
2,617.00
C. Cost Distribution - SRC

2010
Rs. in '000'
Rs.perTonne
Total :
901,535
39,121
940,656
2,520.08
2,511.81
2009
Rs. in '000'
Rs.perTonne
715,975
21,316
737,291
Chief Executive
2,614.08
2,617.00

Annexure-VII
NAME OF DEPARTMENT - GRINDING (CEMENT)

2010
Tonne
2009
Tonne
Opening Stock (Clinker) :

Clinker received from Kiln.
Stock Adjustment - Inter transfers :(Annex-VII-C)
Material added - Gypsum
- Slag
Total :
Clinker fed into Grinding.
Stock Adjustment.
1,742,483
50,136
1,792,619
1,792,619
-
1,660,268
61,397
1,721,665
1,721,665
-
Opening Stock of Cement.

Cement produced.
Total available stock:
Cement produced as % of input.
Cement transferred to silos.
Stock Adjustment.
Closing Stock of Cement.
31,701
1,792,619
1,824,320
100
1,807,077
17,243
29,198
1,721,665
1,750,863
100
1,719,162
31,701
Tonne
82,215
(11,261)
70,954
70,954
2,503
70,954
73,457
87,915
(14,458)
B. Cost Statement - Combined (OPC + SRC)

2010
Rs. in '000'
2009
Rs.perTonne
Rs. in '000'
Rs.perTonne
Cost received from Kiln :

(1) Opening Stock.
(3) Inter transfers.
(4) Total cost of Clinker.
(5) Cost of Closing Stock (Clinker).
4,162,772
4,162,772
-
2,322.17
2,322.17
-
4,259,188
4,259,188
-
2,473.88
2,473.88
-
Cost of clinker fed to Grinding process
4,162,772
2,322.17
4,259,188
2,473.88
68,993
3,677
6,550
3,408
1,727
2,507
5,818
34,543
6,440
2,107
87,120
9,322
38.49
2.05
3.65
1.90
0.96
1.40
3.25
19.27
3.59
1.18
48.60
5.20
82,849
3,977
7,084
3,686
1,868
28,190
62,349
25,437
7,231
2,242
154,290
11,418
48.12
2.31
4.11
2.14
1.08
16.37
36.21
14.77
4.20
1.30
89.62
6.63
4,394,984
2,451.71
4,649,809
2,700.76

Material added :
Gypsum
Labour
Salaries
Contract labour
Grinding media
Linning plate
Stores & spares
Water
Depreciation
Insurance
Sub-Total (a) :

Annexure-VII
Cont'd

Compressed Air (Annex IX)
Power (Annex X)
Other factory Expenses (Annex XI)
Sub-Total (b) :
Total Cost (a+b) :
Less: Transfer to Ground Slag
478,347
135,569
266.84
75.63
365,603
152,393
613,916
342.47
517,996
300.87
5,008,900
2,794.18
5,167,805
3,001.63
5,008,900
Opening stock - Cement
100,929
Cost of Cement available
2,794.18
-
5,167,805
76,547
212.35
88.51
3,001.63
-
5,109,829
2,800.95
5,244,352
2,995.30
Cost transferred to Silos

Cost of Closing Stock of Cement
5,063,749
46,080
2,802.18
-
5,143,423
100,929
2,991.82
-
Total :
5,109,829
2,800.95
5,244,352
2,995.30
C. Cost Distribution - Combined (OPC + SRC)
Chief Executive

Annexure-VII (A)

2010
Tonne
2009
Tonne

Stock Adjustment - Inter transfers
- Slag
Total :
Stock Adjustment.
1,384,742
40,171
1,424,913
1,424,913
-
1,386,376
50,070
1,436,446
1,436,446
-

Cement produced.
Stock Adjustment.
23,223
1,424,913
1,448,136
100
1,433,672
14,464
24,248
1,436,446
1,460,694
100
1,437,471
23,223
Tonne
(1,634)
(9,899)
(11,533)
(11,533)
(1,025)
(11,533)
(12,558)
(3,799)
(8,759)
B. Cost Statement
2010
Rs. in '000'
2009
Rs.perTonne
Rs. in '000'
Rs.perTonne

(1) Opening Stock.
3,261,237
3,261,237
-
2,288.73
2,288.73
-
3,543,213
3,543,213
-
2,466.65
2,466.65
-
3,261,237
2,288.73
3,543,213
2,466.65
54,843
3,023
5,386
2,802
1,420
2,089
4,860
32,384
3,963
1,734
72,684
7,410
38.49
2.12
3.78
1.97
1.00
1.47
3.41
22.73
2.78
1.22
51.01
5.20
69,121
3,270
5,825
3,031
1,536
23,519
52,130
23,847
4,450
1,845
128,724
9,519
48.12
2.28
4.06
2.11
1.07
16.37
36.29
16.60
3.10
1.28
89.61
6.63
3,453,835
2,423.89
3,870,031
2,694.17

Material added :
Gypsum
Labour
Salaries
Contract labour
Grinding media
Linning plate
Stores & spares
Water
Depreciation
Insurance
Sub-Total (a) :
Cont'd
Annexure-VII (A)

Power (Annex X)
Sub-Total (b) :
Total Cost (a+b) :
380,238
112,914
266.85
79.24
305,023
126,927
493,152
346.09
431,950
300.71
3,946,987
2,769.98
4,301,981
2,994.88
3,946,987
73,835
2,769.98
-
4,301,981
63,978
212.35
88.36
2,994.88
-
4,020,822
2,776.55
4,365,959
2,988.96

3,982,449
38,373
2,777.80
-
4,292,124
73,835
2,985.89
-
Total :
4,020,822
2,776.55
4,365,959
2,988.96
Chief Executive

Annexure-VII (B)

Stock Adjustment - Inter transfers :
- Slag
Total :
Stock Adjustment.
Cement produced.
Stock Adjustment.
2010
Tonne
357,741
9,965
367,706
367,706
-
2009
Tonne
273,892
11,327
285,219
285,219
-
8,478
367,706
376,184
100
373,405
2,779
4,950
285,219
290,169
100
281,691
8,478
Tonne
83,849
(1,362)
82,487
82,487
3,528
82,487
86,015
91,714
(5,699)
B. Cost Statement
2010
Rs. in '000'
(1) Opening Stock.

Material added :
Gypsum
Labour
Salaries
Contract labour
Grinding media
Linning plate
Stores & spares
Water
Depreciation
Insurance
Sub-Total (a) :
2009
Rs.perTonne
Rs. in '000'
Rs.perTonne
901,535
2,451.78
715,975
2,510.26
901,535
-
2,451.78
-
715,975
-
2,510.26
-
901,535
2,451.78
715,975
2,510.26
14,150
654
1,164
606
307
418
958
2,159
2,477
373
14,436
1,912
38.48
1.78
3.17
1.65
0.83
1.14
2.61
5.87
6.74
1.01
39.26
5.20
13,728
707
1,259
655
332
4,671
10,219
1,590
2,781
397
25,566
1,899
48.13
2.48
4.41
2.30
1.16
16.38
35.83
5.57
9.75
1.39
89.64
6.66
941,149
2,559.51
779,778
2,733.96

Annexure-VII (B)
Cont'd

Power (Annex X)
Sub-Total (b) :
Total Cost (a+b) :
98,109
22,655
266.81
61.61
120,764
1,061,913
-
27,094
60,580
25,466
212.40
89.29
328.43
86,046
301.68
2,887.94
865,824
3,035.65
1,061,913
2,887.94
-
865,824
12,569
3,035.65
-
1,089,007
2,894.88
878,393
3,027.18

1,081,300
7,707
2,895.78
-
851,299
27,094
3,022.10
-
Total :
1,089,007
2,894.88
878,393
3,027.18
Chief Executive

Annexure-VIII
NAME OF DEPARTMENT - PACKING & STORAGE
Opening stock of Cement (Un-packed).

Add : Cement received from Grinding dept.
Total :
Less : Closing stock of cement (Un-packed).
Cement sold during the period : Packed
Bulk
Add: Opening stock of cement (packed) (No. of bags)
Less : Quantity sold (No. of bags).
Closing stock of cement (packed). (No. of bags).
Stock adjustment (if any). (No. of bags).
2010
Tonne
1,807,077
1,807,077
1,715,452
91,625
1,807,077
34,309,036
-
2009
Tonne
1,719,162
1,719,162
1,534,581
184,581
1,719,162
30,691,620
-
Tonne
87,915
87,915
180,871
(92,956)
87,915
3,617,416
-
B. Cost Statement - Combined (OPC + SRC)

2010
Rs. in '000'
Cost of opening stock-unpacked
Cost transferred in from cement Grinding dept.
Packing materials
Labour
Salaries
Contractor Labour
Insurance
Depreciation
Sub-Total (a) :
Rs.perTonne
2009
Rs. in '000'
5,143,423
Rs.perTonne
5,063,749
2,802.18
552,724
2,098
3,496
1,927
39
15,359
565
5,280
5,645,237
322.20
1.22
2.04
1.12
0.02
8.95
0.33
3.08
3,141
514,606
2,269
3,781
2,084
43
17,242
692
9,351
5,693,491
335.34
1.48
2.46
1.36
0.03
11.24
0.45
6.09
3,350

Power (Annex X)
Sub-Total (b) :
Total Cost (a+b)
Less : Cost applicable to un-packed closing stock
Cost applicable to packed closing stock
Balance : Cost of packed cement sold
Local
Cost of loose cement sold (if any)
16,553
44,341
60,894
5,706,131
5,445,323
260,808
9.65
25.85
35.50
3,176.64
3,174.28
2,846.46
12,651
49,844
62,495
5,755,986
5,193,591
562,395
8.24
32.48
40.72
3,390.99
3,384.37
3,046.87
Cost of Total cement sold :
5,706,131
3,176.64
5,755,986
3,390.99
Chief Executive
2,991.82

Annexure-VIII (A)

Total :
Bulk
Add: Opening stock of cement (packed) (No. of bags)
2010
Tonne
1,433,672
1,433,672
1,356,371
77,301
1,433,672
27,127,423
-
2009
Tonne
1,437,471
1,437,471
1,272,667
164,804
1,437,471
25,453,340
-
Tonne
-
(3,799)
(3,799)
-
83,704
(87,503)
(3,799)
-
B. Cost Statement
2,777.80
2009
Rs. in '000'
4,292,124
438,532
1,727
2,878
1,587
33
13,377
448
4,414
4,445,445
323.31
1.27
2.12
1.17
0.02
9.86
0.33
3.25
3,119.15
430,262
1,868
3,113
1,717
36
15,017
579
7,818
4,752,533
338.08
1.47
2.45
1.35
0.03
11.80
0.45
6.14
3,347.65

Power (Annex X)
Sub-Total (b) :
Total Cost (a+b)
Local
13,133
37,107
50,240
4,495,685
4,276,931
218,754
9.68
27.36
37.04
3,156.19
3,153.22
2,829.90
10,578
41,712
52,290
4,804,823
4,303,286
501,537
8.31
32.78
41.09
3,388.74
3,381.31
3,043.23
4,495,685
3,156.19
4,804,823
3,388.74
Cost of opening stock-unpacked.

Packing materials
Labour
Salaries
Contractor Labour
Insurance
Depreciation
Sub-Total (a) :
Chief Executive
2010
Rs. in '000'
3,982,449
Rs.perTonne
Rs.perTonne
2,985.89

Annexure-VIII (B)

Total :
Bulk
Add: Opening stock of cement (packed)(No. of bags)
2010
Tonne
373,405
373,405
359,081
14,324
373,405
-
2009
Tonne
281,691
281,691
261,914
19,777
281,691
-
7,181,613
-
5,238,280
-
Tonne
91,714
91,714
97,167
(5,453)
91,714
-
B. Cost Statement
Cost of opening stock-unpacked

Packing materials
Labour
Salaries
Contractor Labour
Insurance
Depreciation
Sub-Total (a) :
Power (Annex X)
Sub-Total (b) :
2010
Rs. in '000'
1,081,300
318.01
1.03
1.72
0.95
0.02
5.52
0.33
2.41
3,226
84,344
401
668
368
7
2,225
113
1,533
940,958
114,192
371
618
340
6
1,982
117
866
1,199,792
2,896
2009
Rs. in '000'
851,299
Rs.perTonne
Rs.perTonne
3,022
322.03
1.53
2.55
1.41
0.03
8.50
0.43
5.85
3,364
3,420
7,234
10,654
9.52
20.15
29.67
2,073
8,132
10,205
7.91
31.05
38.96
Total Cost (a+b)

1,210,446
1,168,392
42,054
3,255.44
3,253.84
2,935.83
951,163
890,305
60,858
3,403.39
3,399.23
3,077.21
1,210,446
3,255.44
951,163
3,403.39
Chief Executive

Annexure-IX
NAME OF THE DEPARTMENT - AIR COMPRESSING
For the year
Last year
For the year
Last year
Quantity
Cost
Compressed Air produced.
B. Cost Statement

Labour.
Salaries.
Employee's other benefits.
Indirect materials.
Insurance.
Fuel-Oil.
Gas
Depreciation
Purchased Power.
Other Overheads.
Sub-Total (a) :
Power (Annexure X).
Other Expenses (Annexure IX).
Sub-Total (b) :
Total Costs (a+b) :
Departments using compressed air :
Chief Executive

Annexure-X
STATEMENT SHOWING THE COST OF POWER GENERATED/PURCHASED AND CONSUMED
2010
KWH
Installed capacity KWH
No. of Units Generated.
No. of Units purchased.
Total :
self - consumption in power house.
Losses.
Net units consumed by various other depts :
(1) Percentage of loss to total power
generated and purchased.
(2) Percentage of power generated to
installed capacity
2009
KWH
207,117,718
207,117,718
-
Increase/(Decrease)
KWH
199,481,000
199,481,000
-
7,636,718
7,636,718
-
B. Cost Statement
Cost per unit of power
generated and purchased
S.No.
1.
2.
3.
4.
5.
6.
7.
8.
Particulars
Quantity
Units
Rate
Rs.
Amount
Rs.
2010
Rs.
2009
Rs.
Fuel Oil/Steam consumed.

Other materials (specify).
Consumable Stores.
Other Direct charges.
Salaries and wages.
Other Overheads.
Depreciation.
Total :
Less : (1) Supplies to other units of the
company. (not engaged in the manufacture of
cement.).
1,682,361
6.62
11,137
6.62
5.25
Net Cost of power Generated.

Purchased power
(on actual consumption basis).
205,435,357
6.62
1,359,916
6.62
5.25
Total Power Consumption :
207,117,718
6.62
1,371,053
6.62
5.25
Cost per unit (average).
Annexure-X
Cont'd
Consumed in:
- Lime stone, Clay, Gypsum Quarry.
- Transportation.
- Crushing.
- Stock Hall.
- Raw Mill.
- Kiln (OPC & SRC).
- Cement Grinding (OPC & SRC).
- Storage and Packing (OPC & SRC).
- Air Compressing.
- Others.
Total Cost distributed :
Chief Executive
2010
Rs.
Increase/
2009
Rs.
(Decrease)
29,187
204,489
642,477
478,347
16,553
-
22,309
156,292
491,049
365,603
12,651
-
6,878
48,197
151,428
112,744
3,902
-
1,371,053
1,047,904
323,149

Annexure-XI
DEPARTMENT COST STATEMENT
OTHER FACTORY EXPENSES - FACTORY GENERAL
A. Cost Statement
2010
Rs. in '000'
2009
Rs. in '000'

Salaries & wages
Stores / Spares and Repairs / maintenance
Depreciation
Miscellaneous Expenses
237,523
266,998
33,336
37,473
8,334
9,368
137,514
154,580
416,707
468,421
B. Cost Distribution
2010
Rs. in '000'
2009
Rs. in '000'
Lime stone, Clay, Quarry

Transportation
Crushing
Stock Hall
Raw Mills
Kilns
Cement Grinding
Packing and Storage
Air Compressing (if any)
Power Generating (if any)
31,811
36,813
73,543
94,630
135,569
44,341
-
35,759
41,380
82,670
106,374
152,393
49,844
-
Total
416,707
468,421
Chief Executive

Annexure-XII
SUMMARY COST REPORT

Department
Power
House
Departmental Costs :
Opening.
For the period
Total
Cost allocation/transfer
in (out) power House.
Compressed Air
Factory General
Quarry
Transportation
Crushing
Stock Hall
Raw Mill
Kiln
Grinding
Packing and storage
Total :
Compressed Air
Factory
General
Quarry*
Transportation
Crushing
Stock
Hall
1,371,053
1,371,053
416,707
416,707
250,698
250,698
192,311
192,311
3,325
46,826
50,151
(1,371,053)
-
(416,707)
-
31,811
(291,388)
(259,577)
(192,311)
29,187
Cost of closing stock

Cost of Good sold
Cost of Sales - Clinker
Cost of Sales - Ground Slag (Details attached)
Total Cost of Good Sold
-
(192,311)
-
36,813
291,388
192,311
(597,819)
(48,120)
2,031
-
Raw Mill
6,624
227,360
233,984
204,489
73,543
597,819
(1,102,888)
(227,037)
6,947
-
Kiln
358,721
2,188,723
2,547,444
642,477
94,630
1,102,888
(4,162,772)
(2,322,777)
212,161
-
Grinding
100,929
232,212
333,141
478,347
135,569
4,162,772
(5,063,749)
(287,061)
46,080
-
Packing and
Storage
581,488
581,488
Rs. in '000'
Total
469,599
5,507,378
5,976,977
16,553
44,341
5,063,749
(5,697,252)
(572,609)
(5,697,252)
(5,697,252)
5,697,252
-
267,219
5,697,252
12,506
408
5,710,166
Qty. in Tonne
Opening Stock (Tonne)
Quantity produced (Tonn
Quantity Transferred sold
62,073
(2,566,384)
Closing stock : (Tonne)

(2,504,311)
Ground Slag Sold (Qty. in Tonne) = (in 2010) 240 (in 2009) 4,205
Chief Executive
2,566,384
12,807
2,566,384
16,047
2,728,981
131,922
1,706,299
31,701
1,792,619
1,807,077
(2,566,384)
(2,571,528)
(2,730,078)
(1,747,794)
(1,807,077)
(1,807,077)
7,663
14,950
90,427
17,243
COST OF SALES OF GROUND SLAG

2009-2010
Particulares
Opening Stock
Production
Cost of goods sold
Closing Stock
Chief Executive
Quantity
in Tonne
Rupees
in `000
210.46
361
30.00
48
240.46
409
240.00
408
0.46

Attock Cenent Cost Audit Report - 2010

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ATTOCK CEMENT PAKISTAN LIMITED

Cost Auditors Report

SIDDIQI & COMPANY

Cost & Management Accountants

Attock Cement Pakistan Limited

Cost Audit Report, 2010

COST AUDITORS REPORT, 2009-2010

ATTOCK CEMENT PAKISTAN LIMITED

Statement of Production Capacity

Attock Cement Pakistan Limited

Cost Audit Report, 2010

01. CORPORATE INFORMATION

Attock Cement Pakistan Limited

Cost Audit Report, 2010

02. THE COMPANY

Lime Stone Quarry / Transportation

Raw Mill (Mix / Slurry)

Grinding (Cement Mill)

Packing & Storage

The major raw materials include:

Packing Paper bags of 50 Kg. each are used in packing.

Attock Cement Pakistan Limited

Cost Audit Report, 2010

COST AUDITORS REPORT

in our opinion and, subject to best of our information:(a)

the annexed statement of capacity utilization and stock-in-trade are in agreement

Ordinary Portland Cement (OPC)

SIDDIQI & COMPANY

Karachi : 25 OCT 2010

Attock Cement Pakistan Limited

Cost Audit Report, 2010

COST ACCOUNTING SYSTEM

Attock Cement Pakistan Limited

Cost Audit Report, 2010

Major Raw Materials Consumed

Iron Ore & Salica Sand

Attock Cement Pakistan Limited

Cost Audit Report, 2010

Ordinary Portland Cement

Sulphate Resistance Cement

(c) Explanation of Variances

(d) Method of Accounting

Attock Cement Pakistan Limited

Cost Audit Report, 2010

WAGES AND SALARIES

Direct labour cost on production

(b) Salaries and perquisites of Chief Executive,Directors and Executives

(d) Average number of production workers employed

(e) Direct labour cost per tonne

Attock Cement Pakistan Limited

Cost Audit Report, 2010

(f) Comments on Incentives Scheme

STORES AND SPARE PARTS

Stores & spares consumed (Rs.in '000')

(b) System of stores

(c) Proportion of closing inventory of stores representing items

Depreciation on common assets is allocated as under:

(c) Basis of charging depreciation to cost of products

Attock Cement Pakistan Limited

Cost Audit Report, 2010

(i) Factory Overheads

Repairs and maintenance

Salaries, wages and benefits