Annual Report 2007 - Clariant

71Consolidated Profit and Loss Accountfor the year ended 31st December 2007ScheduleJanuary 07 toDecember 07Rs. MillionApril 06 toDecember 06Rs. MillionINCOMESales – Gross 9527.9 7589.9Less: Excise duty recovered on sales 902.7 668.5Sales – Net 8625.2 6921.4Other income 13 244.2 221.28869.4 7142.6EXPENDITURECost of materials 14 5526.3 4556.9Personnel cost 15 711.6 533.0Interest (Net) 16 12.0 (0.7)Depreciation/Amortisation 5 221.4 154.6Other expenditure 17 1676.2 1411.28147.5 6655.0Less: Service charges recovered 64.1 47.08083.4 6608.0PROFIT BEFORE EXCEPTIONAL ITEMS AND TAXATION 786.0 534.6Exceptional items (See note 15, Schedule 18) 313.4 (5.6)PROFIT AFTER EXCEPTIONAL ITEMS AND BEFORE TAXATION 472.6 540.2Provision for taxationCurrent tax 219.5 125.0Deferred tax (52.8) 49.9Fringe benefit tax 10.8 8.5PROFIT AFTER TAXATION 295.1 356.8Balance brought forward from previous period 162.8 386.2Available for appropriation 457.9 743.0APPROPRIATED AS FOLLOWSGeneral reserve 31.8 33.0Proposed dividend 266.6 479.9Corporate tax on proposed dividend 45.3 67.3Corporate tax on dividend of previous period 14.2 —Balance carried to the balance Sheet 100.0 162.8457.9 743.0Notes on balance sheet and profit and loss account 18Basic and Diluted earnings per share (in Rupees) 11.07 13.38(See note 4, Schedule 18) (Annualised) (Not annualised)Face value per share (in Rupees) 10.00 10.00Per our report attached to the Balance SheetFor and on behalf of the Board,For A. F. Ferguson & Co. R. A. Shah ChairmanChartered AccountantsH. Meier Vice-Chairman & Managing DirectorA. C. KhannaB. S. MehtaPartnerDiwan A. Nanda }DirectorsSunil K. Nayak Chief Financial Officer & Company SecretaryMumbai, 21st February, 2008 Mumbai, 21st February, 2008