videocon industries limited - Domain-b

Particulars
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30TH SEPTEMBER, 2008
Schedule
No.
Year ended on
30th Sept., 2008
(Rupees in
Million)
Year ended on
30th Sept., 2007
(Rupees in
Million)
I. Income
Sales / Income from Operations 101,051.28 87,102.58
Less : Excise Duty 3,514.74 4,248.34
Net Sales 97,536.54 82,854.24
Other Income 9 288.22 1,663.62
TOTAL 97,824.76 84,517.86
II. Expenditure
Cost of Goods Consumed/Sold 10 52,910.47 48,981.34
Production & Exploration Expenses - Oil and Gas 11 12,379.60 8,737.91
Salaries, Wages & Employees’ Benefits 12 1,158.18 1,053.48
Manufacturing & Other Expenses 13 7,815.63 6,791.83
Interest & Finance Charges 14 4,011.03 3,106.51
Depreciation / Amortisation / Impairment 5 7,137.22 6,188.54
Less : Transferred from Revaluation Reserve 535.15 1,170.71
6,602.07 5,017.83
TOTAL 84,876.98 73,688.90
III. Profit before Exceptional Items and Taxation 12,947.78 10,828.96
Less : Exceptional Items (Refer Note No.B -10 of Shedule 15) 1,278.10 -
Provision for Taxation
Current Tax 1,350.00 1,232.70
Deferred Tax 1,753.80 1,020.18
Fringe Benefit Tax 22.93 23.89
IV. Profit for the Year 8,542.95 8,552.19
Add : Excess provision for Income Tax for earlier years written back 7.32 35.37
Less : Short provision of Fringe Benefit Tax for earlier years 0.17 -
Add : Transferred from Debenture/Bonds Redemption Reserve - 530.55
Balance brought forward 14,516.42 8,380.87
V. Balance available for Appropriation 23,066.52 17,498.98
VI. Appropriations
Proposed Dividend - Equity 229.45 803.02
Proposed Dividend - Preference 36.81 36.81
Corporate Tax on Proposed Dividend 45.25 142.73
Dividend and Dividend Tax Paid for Earlier Period 0.07 -
Debenture/Bonds Redemption Reserve 135.00 -
Transfer to General Reserve 2,000.00 2,000.00
Balance Carried to Balance Sheet 20,619.94 14,516.42
TOTAL 23,066.52 17,498.98
Basic Earnings per Share Rs. 37.44 Rs. 38.66
Diluted Earnings per Share Rs. 36.64 Rs. 35.70
(Nominal value per Share Rs.10/-)
(Refer Note No.B-13 of Schedule 15)
Significant Accounting Policies and Notes to Accounts 15
As per our report of even date
For KHANDELWAL JAIN & CO. For KADAM & CO. For and on behalf of the Board
Chartered Accountants
Chartered Accountants
SHIVRATAN AGARWAL U.S.KADAM V.N.DHOOT S. PADMANABHAN
Partner Partner Chairman and Director
Membership No. 104180 Membership No. 31055 Managing Director
VINOD KUMAR BOHRA
Place : Mumbai Company Secretary
Date : February 26, 2009
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