Consolidated Balance Sheet

Group Company

At 31 December 1999   ---------------- ---------------- ---------------- ----------------         1999 1998 1999 1998     Notes Rs.million Rs.million Rs.million Rs.million     Assets   ---------------- ---------------- ---------------- ----------------     Non-current assets             Property, plant & equipment 8 58,136 47,044 58,224 47,104     Investments 9 872 777 807 739     Non-current receivables 10 883 809 883 809         ---------------- ---------------- ---------------- ----------------         59,891 48,630 59,914 48,652         ---------------- ---------------- ---------------- ----------------   Current assets             Inventories 11 1,486 1,255 1,486 1,255     Receivables and prepayments 12 8,536 8,722 8,535 8,721     Cash & cash equivalents 13 1,140 1,161 1,138 1,159     ------------------------ ------------------------ ------------------------ ------------------------     11,162 11,138 11,159 11,135     ------------------------ ------------------------ ------------------------ ------------------------     Total assets 71,053 59,768 71,073 51,787     ------------------------ ------------------------ ------------------------ ------------------------     Equity and Liabilities     Capital and reserves               Ordinary share 20 18,049 18,049 18,049 18,049     Capital reserves 21 188 188 188 188     Retained earnings 4,348 3,530 4,351 3,533     ------------------------ ------------------------ ------------------------ ------------------------   22,585 21,767 22,588 21,770     ------------------------ ------------------------ ------------------------ ------------------------   Non-current liabilities               Borrowings 14 25,631 18,560 25,631 18,560     Deferred tax liabilities 15 6,188 5,131 6,187 5,131     Deferred income 16 5,400 4,326 5,400 4,326     Provisions for liabilities and charges 18 321 241 320 240     ---------------- ---------------- ---------------- ----------------     37,540 28,258 37,538 28,257     ------------------------ ------------------------ ------------------------ ------------------------     Current liabilities     Trade and other payables 17 4,913 5,611 4,932 5,628     Borrowings 14 5,485 3,710 5,485 3,710     Deferred income 16 530 422 530 422     ------------------------ ------------------------ ------------------------ ------------------------     10,928 9,743 10,947 9,760     ------------------------ ------------------------ ------------------------ ------------------------     71,053 59,768 71,073 59,787     ------------------------ ------------------------ ------------------------ ------------------------     The accompanying notes on pages 9 to 28 form an integral part of these financial statements.     These financial statements were approved by the Board of Directors on 30 May 2000 and were signed on its behalf by:         J.C.L. de Mel S. Hashimoto             Chairman Director

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Consolidated Balance Sheet                                                         Page   1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

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