Untitled - Domain-b
Untitled - Domain-b
Untitled - Domain-b
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C<br />
Consolidated Profit and Loss Account for the Year Ended March 31,<br />
Schedule 2004<br />
(Rs. in ‘000)<br />
2003<br />
INCOME<br />
Sales and Services 11 13,701,921 12,079,249<br />
Other Income 12 776,164 785,216<br />
TOTAL 14,478,085 12,864,465<br />
EXPENDITURE<br />
Operational Cost/Cost of Goods 13 5,388,937 4,867,349<br />
Personnel Cost<br />
Administrative and other Expenses<br />
Selling and Distribution Expenses<br />
14<br />
15<br />
16<br />
726,966<br />
1,855,165<br />
1,421,511<br />
721,176<br />
1,460,072<br />
1,274,048<br />
TOTAL 9,392,579 8,322,645<br />
Operating Profit<br />
inancial Expenses 17<br />
5,085,506<br />
582,860<br />
4,541,820<br />
767,350<br />
Depreciation/Amortization 319,632 296,625<br />
Profit Before Tax and Exceptional Items<br />
Less : Provision for taxation<br />
– Current<br />
4,183,014<br />
1,102,879<br />
3,477,845<br />
972,923<br />
– Deferred (54,052) (93,694)<br />
Profit after tax and before exceptional items<br />
Less: Exceptional items<br />
3,134,187<br />
–<br />
2,598,616<br />
354,144<br />
Profit after tax and before minority interest/share of 3,134,187 2,244,472<br />
profits (losses) in associates<br />
Add : Share of results of associates<br />
Less: Minority Interest<br />
4,352<br />
196,092<br />
1,851<br />
109,926<br />
Profit for the year 2,942,447 2,136,397<br />
Add / (Less) : Prior Period adjustments (net)<br />
Add / (Less) : Provision for taxation earlier years<br />
1,024<br />
25,467<br />
(15,163)<br />
(16,154)<br />
Net Profit after tax<br />
Less : Short provision - Dividend (earlier year)<br />
2,968,938<br />
122<br />
2,105,080<br />
41<br />
Add : Balance brought forward*<br />
Add : Adjustment to Balance brought forward* on restructuring [Refer Note 16(c)]<br />
Less : Write-off on restructuring [Refer Note 16(c)]<br />
4,849,364<br />
299,738<br />
895,623<br />
2,672,371<br />
706,322<br />
–<br />
Add : Transferred from Securities Premium<br />
Less : Goodwill on consolidation written off on amalgamation<br />
Less : Permanent diminution in value of Investments<br />
19,205,303<br />
–<br />
–<br />
2,213,714<br />
(1,601,531)<br />
(612,183)<br />
Less : Goodwill on colsolidation adjusted [Refer Note 16(b)] (19,205,303) –<br />
Less: Share of profit/(losses) of Associate for previous years – (3,556)<br />
Amount Available for appropriation<br />
APPROPRIATIONS<br />
Proposed Dividend<br />
7,222,295<br />
412,505<br />
5,480,176<br />
226,878<br />
Tax on Dividend<br />
General Reserve<br />
Balance carried to Balance Sheet<br />
55,701<br />
363,272<br />
6,390,817<br />
38,153<br />
365,781<br />
4,849,364<br />
TOTAL 7,222,295 5,480,176<br />
Basic and Diluted Earnings Per Share (ace value Re. 1)<br />
Profit Before Exceptional Items (Rs.)<br />
Profit After Exceptional Items (Rs.)<br />
7.13<br />
7.13<br />
6.04<br />
5.18<br />
Profit After Tax (Rs.) 7.20 5.10<br />
Significant Accounting Policies and Notes to Accounts 18<br />
As per our attached report of even date<br />
or and on behalf of the Board<br />
Mohan Bhandari<br />
Partner,<br />
Subhash Chandra Chairman & Managing Director<br />
or and on behalf of<br />
MGB & Co.<br />
Chartered Accountants<br />
Ashok Kurien<br />
Nemi Chand Jain<br />
Director<br />
Director<br />
Place : Mumbai<br />
Date : July 29, 2004<br />
Hitesh Vakil<br />
Vikas Gupta<br />
Director - inance<br />
Company Secretary<br />
85
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