2003-2004 - Cgglobal.com

Crompton Greaves Ltd.
Profit and Loss Account
for the year ended 31st March, 2004
Schedule 2003-04 2002-03
Rs. Crores Rs. Crores
INCOME
Gross Sales 1861.05 1726.39
Less: Excise Duty 149.73 139.37
Net Sales 1711.32 1587.02
Other Income 15 27.02 13.46
1738.34 1600.48
EXPENDITURE
Materials 16 1206.11 1084.39
Staff and Welfare 17 136.40 136.71
Manufacturing, Selling and Administration 18 211.24 209.11
Interest and Commitment Charges 38.48 64.43
Depreciation 6 44.22 45.25
Miscellaneous Expenditure Amortised / Charged 18.20 29.59
(Refer Note 8)
1654.65 1569.48
Profit Before Exceptional Items and Tax 83.69 31.00
Exceptional Items (Net) (Refer Note 32) 5.83 6.20
Profit Before Tax 89.52 37.20
Provision For Taxation
Current Tax -6.76 -0.25
Deferred Tax 5 -11.93 -8.78
Profit After Tax 70.83 28.17
Brought Forward Loss from Previous Year -13.49 -38.90
Transfer to (-)/ from General Reserve -7.08 0.24
Transfer to Doubtful Debts Reserve -5.09 -3.00
Interim Dividend -15.71 0.00
Final Dividend -20.95 0.00
Corporate Tax On Dividend -4.69 0.00
Balance Carried To Balance Sheet 3.82 -13.49
Earnings Per Share (Basic and Diluted)
- Excluding Exceptional Items Rs. 12.41 4.20
- Including Exceptional Items Rs. 13.52 5.38
Significant Accounting Policies
Notes On Accounts
[A]
[B]
The Schedules referred to above and the notes
attached, form an integral part of the Accounts
Mumbai, 26th May, 2004 Mumbai, 26th May, 2004
As per our report attached.
SHARP & TANNAN B. R. Jaju S. M. Trehan
Chartered Accountants Chief Financial Officer Managing Director
L. Vaidyanathan W. Henriques K. K. Nohria
Partner Secretary Chairman
Membership no 16368
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