PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH, 2010

Rupees

Schedule

2009-10

2008-09

INCOME

Sales and Related Income

13

2,447,627,524

3,066, 033,746

Income from other sources

14

13,747,740

24,652,452

2,461,375,264

3,082,179,123

EXPENDITURE

Operating Expenses

15

2,403,805,877

2,883,777,372

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

(102,576,162)

5,914,626

Depreciation

5

Less: Depreciation on amount added on Revaluation

(9,557,499)

(13,431,169)

Recoupment from Capital Reserves

Interest

16

67,621,053

72,861,377

2,445,751,401

3,047,137,088

Profit before Exceptional Items

15,623,863

35,042,035

Exceptional Items (Net)

(8,336,451)

(16,540,487)

Profit before Taxation

7,287,412

18,501,548

Provision for taxation

– Current Tax

1,484,000

2,235,000

– Fringe Benefit Tax

-

1,044,244

– Deferred Tax (Assets)

(2,396,332)

(912,332)

(16,515,664)

(13,236,420)

Profit after taxation for the year

8,199,744

31, 737, 968

Adjustment relating to earlier years (Taxes)

(52,460,086)

(3,654,871)

Balance brought forward from previous year

45,782,735

49,501,361

Available for Appropriation

1,522,393

77,584,458

Appropriations

Proposed Dividend on Preference Shares

-

1,540,000

Tax on Dividend

-

261,723

-

5,000,000

25,000,000

31,801,723

45,782,735

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

0.28

1.33

Notes to Accounts

17