Schedule

As at 31 March

2005-06

2004-05

INCOME

Sales and Related Income

13

2,847,599,750

2,621,823,217

Income from other sources

14

62,369,816

2,717,795

2,909,969,566

2,624,541,012

EXPENDITURE

Operating Expenses

15

2,904,643,143

2,512,300,852

(Increase) / Decrease in stocks of finished goods and work-in-process

(142,698,630)

(62,349,380)

Depreciation

5

110,206,376

122,286,397

Less : Depreciation on amount added on Revaluation

(30,539,936)

(48,531,425)

Recoupment from Capital Reserves

(343,058)

79,323,382

(300,000)

73,454,972

Interest

16

33,577,087

26,619,240

2,874,844,982

2,550,025,684

Profit before Taxation

35,124,584

74,515,328

Provision for taxation

- Current Tax

8,200,000

-

- Fringe Benefit Tax

1,149,208

-

- Deferred Tax

887,848

10,237,056

22,193,088

22,193,088

Profit after Taxation for the year

24,887,528

52,322,240

Add:Transfer from Deferred Tax Reserve

887,848

22,193,088

25,775,376

74,515,328

Balance brought forward from previous year

48,819,241

(14,790,644)

Available for Appropriation

74,594,617

59,724,684

Appropriations

Proposed Dividend on Preference Shares

1,540,000

1,114,205

Proposed Dividend on Equity Shares

11,266,500

8,449,875

Dividend paid on Pref.Shares on Redemption

21,939

-

Tax on Dividend

1,799,188

1,341,363

Transfer to Capital Redemption Reserve

400,000

15,027,627

-

10,905,443

Balance carried to Balance Sheet

59,566,990

48,819,241

Earnings per share (face value of Rs. 10/- each)(Basic and diluted)

17(16)

2.05

4.53

Notes to Accounts

17