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FINANCIAL DETAILS

FINANCIAL DETAILS:
Andhra Pradesh Forest Development Corporation Ltd., (APFDC) is a fully AP Govt. owned Company registered under the Indian Companies Act in the year 1975.
 
The Authorised Share Capital of APFDC is Rs.2500 lakhs. The Paid Up Share Capital is Rs.2181.87 lakhs.  The APFDC raises the plantations by borrowing finances from commercial banks and repays the loans with interest out of the revenues generated on the harvest of plantations. Its total borrowings are of Rs. 4184 lakhs as on 31.3.2011.
 
APFDC has been making profits year after year since 1991-92 and as on 31.3.2011, the Cumulative Profit is Rs.10,845.19 lakhs.
 
The year-wise profits of the Company are as follows:
 
Sl. No.
Year
Net Profit for the year
(Rs. in lakhs)
Cumulative Profit
(Rs. in lakhs)
(1)
(2)
(3)
(4)
1
1991-92
43.83
(-) 326.79
 
2
1992-93
459.06
132.27
3
1993-94
56.85
189.12
4
1994-95
14.48
203.60
5
1995-96
73.34
276.94
6
1996-97
(-) 35.78
241.16
7
1997-98
306.65
547.81
8
1998-99
301.30
849.11
9
1999-2000
391.38
1240.49
10
2000-01
219.95
1460.44
11
2001-02
186.39
1646.83
12
2002-03
108.29
1755.12
13
2003-04
93.86
1848.98
14
2004-05
797.11
2646.09
15
2005-06
667.88
3313.97
16
2006-07
2195.22
5509.19
17
2007-08
929.94
6439.13
18
2008-09
1000.87
7440.00
19
2009-10
1056.08
8496.08
20
2010-11
2349.11
10845.19
Note:
          1. The Net Profit in Col. No. 3 is after transfer to Plantation Reserve.
2. The Net Profit during the year depends on the Eucalyptus and Bamboo Plantations areas coming for harvesting as per Management Plan.
3. This also depends on actual Coffee and Cashew yields.
4. The profit earned also depends on raising and maintenance of new and younger plantations.
                    More information can be found in the year-wise Accounts of the company.