IRFC Cover - ENGLISH - Indian Railway Finance Corporation Ltd.
IRFC Cover - ENGLISH - Indian Railway Finance Corporation Ltd.
IRFC Cover - ENGLISH - Indian Railway Finance Corporation Ltd.
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Directors' Report<br />
Dear Shareholders,<br />
Your Directors are pleased to present their 21st Annual Report on the business and operations of your Company<br />
together with the audited accounts, Auditors' Report and review of the accounts by the Comptroller & Auditor General<br />
of India for the financial year ended 31st March, 2008.<br />
Financial Highlights<br />
Summarised position of the key financial results of your Company for the year ended 31st March 2008 is as under :<br />
Income<br />
(Rs. in crore)<br />
2007-08 2006-07<br />
1. Lease Income/ Lease Rental 2374.34 2102.37<br />
2. Income on Loans & Deposits 207.93 141.93<br />
3. Income on Investments 0.64 44.57<br />
4. Exchange Rate Variation Gain 14.05 Nil<br />
5. Other Income 27.83 0.05<br />
TOTAL 2624.79 2288.92<br />
Expenditure<br />
6. Interest & Lease Rent 1977.78 1659.65<br />
7. Depreciation 0.41 0.41<br />
8. Admn. & Other expenditure 6.58 10.40<br />
9. Exchange Rate Variation Loss Nil 6.75<br />
TOTAL 1984.77 1677.21<br />
10. Profit for the year before Tax 640.02 611.71<br />
11. Prior period Income (Net) (-)1.67 0.03<br />
12. Profit Before Tax (PBT) 638.35 611.74<br />
13. Provision for Tax<br />
o Current Tax (MAT) 72.27 68.06<br />
o Deferred Tax 144.51 144.91<br />
o Fringe Benefit Tax 0.06 0.07<br />
216.84 213.04<br />
14. Profit After Tax (PAT) 421.51 398.70<br />
Appropriations<br />
15. Dividend & Dividend Tax 117.00 182.44<br />
16. Transfer to General Reserve 42.16 40.00<br />
17. Transfer to Exchange Variation Reserve 8.97 31.50<br />
18. Balance appropriated to Bonds Redemption Reserve 253.38 144.76<br />
TOTAL 421.51 398.70<br />
9
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