Kingfisher Annual Report - FY10 - Kingfisher Airlines

Profit and Loss Account for the year ended March 31, 2010
Schedules
Notes and additional information 21
As per our report of even date
2009-2010
Rs. in Lacs
For B. K. Ramadhyani & Co. For and on behalf of the Board of Directors
Chartered Accountants
2008-2009
Rs. in Lacs
INCOME
Income from Services 15 506,791.82 523,898.12
Other Income 16 20,312.29 6,360.46
TOTAL 527,104.11 530,258.58
EXPENDITURE
Employees' Costs 17 68,875.49 82,385.23
Aircraft Fuel Expenses 180,298.76 260,262.08
Aircraft / Engine Lease Rentals 109,381.52 118,513.22
Operating and Other Expenses 18 238,173.06 243,402.76
Depreciation / Amortisation on fixed assets 16,279.75 13,320.04
Amortisations 19 5,449.00 3,838.89
Financial Charges 20 109,650.52 77,855.66
TOTAL 728,108.10 799,577.88
Loss before foreign exchange translation difference, exceptional item and
Tax expense 201,003.99 269,319.30
Add : Foreign Exchange Translation Difference
Costs incurred on account of premature termination of lease /
5,022.09 (24,469.79)
purchase contracts
Loss after foreign exchange translation difference, exceptional
35,765.47 23,753.54
item but before Tax expense
Provision for Tax expense
241,791.55 268,603.05
- Current Tax - -
- Deferred Tax Charge (76,463.31) (55,887.62)
- Fringe Benefit Tax
(606.18) 1,250.00
(Net of provision for tax no longer required written back)
Loss After Tax expense
Less: Effect of Change in method of accounting Maintenance Rent
164,722.06 213,965.43
reserves upto March 31, 2008 - (53,082.44)
Balance in Profit and Loss Account - Loss balance brought forward from
164,722.06 160,882.99
previous year
257,658.57 96,775.58
Foreign exchange Gain in respect of long term monetary items adjusted 14,590.50
Less: Adjustment for depreciation pertaining to previous year
Less: Amortisation of foreign exchange gain for previous year
3,544.03
(Refer note 4 on schedule 4 & note 31 on schedule 21) (8,407.53)
9,727.00 -
Loss carried to Balance Sheet 432,107.63 257,658.57
Loss per share before exceptional items (par value Rs 10/-)
basic and diluted (in Rupees)
52.96 81.03
Loss per share after exceptional item (par value Rs 10/-)
basic and diluted (in Rupees)
61.95 72.33
Weighted average number of equity shares (in nos.) 26,59,08,883 22,24,34,428
Shyam Ramadhyani Dr. Vijay Mallya A. K. Ganguly A. K. Ravi Nedungadi
Partner Chairman & Managing Director Director Director
Membership No. 019522
Mumbai Mumbai A. Raghunathan N. Srivatsa
May 28, 2010 May 28, 2010 Chief Financial Officer Company Secretary
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