Scheduleforming part of the Balance Sheet - Domain-b
Scheduleforming part of the Balance Sheet - Domain-b
Scheduleforming part of the Balance Sheet - Domain-b
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Annual Report 2007-2008<br />
Schedules forming <strong>part</strong> <strong>of</strong> <strong>the</strong> Pr<strong>of</strong>it and Loss Account<br />
Schedule 13 :Computation <strong>of</strong> Net Pr<strong>of</strong>it Under Sections 198 and 309(5) <strong>of</strong> <strong>the</strong> Companies Act, 1956<br />
Previous Year<br />
Rupees Rupees Rupees<br />
crores crores crores<br />
Pr<strong>of</strong>it as per Pr<strong>of</strong>it and Loss Account<br />
580.47 474.64<br />
Add :<br />
Provision for doubtful debts (1.15) 2.05<br />
Loss on sale <strong>of</strong> fixed assets 5.98 -<br />
Directors’ Remuneration (including Directors’ Fees) 9.29 8.38<br />
14.11 10.43<br />
594.58 485.07<br />
Less :<br />
Capital pr<strong>of</strong>it on sale <strong>of</strong> assets / undertaking - 2.00<br />
Consideration on assignment <strong>of</strong> operating license - 0.21<br />
Pr<strong>of</strong>it on sale <strong>of</strong> investments 0.07 24.75<br />
0.07 26.96<br />
Pr<strong>of</strong>it<br />
Commission payable at 1% <strong>of</strong> net pr<strong>of</strong>it restricted to :<br />
594.51 458.11<br />
Managing Director and Executive Directors 1.80 1.50<br />
O<strong>the</strong>r Directors 4.00 3.00<br />
TOTAL 5.80 4.50<br />
89
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