Schedule

2008-09

2007-08

INCOME

Sales and Related Income

13

3,066, 033,746

2,725,767,481 

Income from other sources

14

24,652,452

26,689,725 

3,090,686,198

2,752,457,206

EXPENDITURE

Operating Expenses

15

2,892,284,447

2,771,060,224 

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

5,914,626

(207,525,780)

Depreciation

5

Less: Depreciation on amount added on Revaluation

(13,431,169)

(16,311,505)

Recoupment from Capital Reserves

Interest

16

72,861,377

65,423,712

3,055,644,163

2,704,561,256

Profit before Exceptional Items

35,042,035

47,895,950

Exceptional Items (Net)

(16,540,487)

-

Profit before Taxation

18,501,548

47,895,950

Provision for taxation

– Current Tax

2,235,000

21,060,000

– Fringe Benefit Tax

1,044,244

937,000

– Deferred Tax (Assets)

(16,515,664)

(13,236,420)

(4,398,066)

17,598,934

Profit after taxation for the year

31, 737, 968

30,297,016

Adjustment relating to earlier years (Taxes)

(3,654,871)

(28,151,277)

Balance brought forward from previous year

49,501,361

68,247,966

Available for Appropriation

77,584,458

70,393,705

Appropriations

Proposed Dividend on Preference Shares

1,540,000

1,540,000

Proposed Dividend on Equity Shares

-

5,633,250

Tax on Dividend

261,723

1,219,094

5,000,000

2,500,000

10,000,000

20,892,344

49,501,361

(31.03.2008 Rs. 10) each (Basic & diluted)

1.33

2.53

Notes to Accounts

17