IRFC FINAL - Indian Railway Finance Corporation Ltd.

PROFIT AND LOSS ACCOUNTFOR THE YEAR ENDED 31ST MARCH 2009(Rs. In Lacs)DESCRIPTION Schedule Year ended Year ended31.03.2009 31.03.2008INCOMELease Income 272645.17 237433.61Income on Loans & Deposits 28688.74 20792.82Income on Investments 7.32 64.47Exchange Rate Variation Gain 195.85 1405.00Other Income 9 941.01 2782.57TOTAL 302478.09 262478.47EXPENDITUREInterest on Bonds and Loans 10 216279.62 181028.42Lease Rent Paid 18603.45 16749.39Salary & Other Employee Benefits 11 166.14 95.46Administrative & Other Expenses 12 464.34 232.59Bond Servicing Expenses 13 185.38 152.28Depreciation 4 36.74 41.04Bond Issue Expenses/Expenses on loans 14 969.25 177.71TOTAL 236704.92 198476.89Profit for the Year 65773.17 64001.58Prior Period Income (Net) 15 (4.44) (166.73)PROFIT BEFORE TAX 65768.73 63834.85Less: PROVISION FOR TAXCurrent Tax 7500.00 7227.00Tax For Earlier Years (1.53) -Deferred Tax-For Current Year 22355.92 14451.07-For Earlier Years 17828.37 -Fringe Benefit Tax 6.81 5.45NET PROFIT AFTER TAX 18079.16 42151.33APPROPRIATIONS:Interim Dividend Paid 10000.00 10000.00Proposed Final Dividend - -Dividend Tax 1699.50 1699.50Transfer To General Reserve 1900.00 4216.00Transfer To Exchange Variation Reserve 1947.00 897.00Transfer To Bonds Redemption Reserve 2532.66 25338.83TOTAL 18079.16 42151.33Basic Earning Per Share - in Rs. (Note No.22; Sch-16) 361.58 843.03Diluted Earning Per Share - in Rs. (Note No.22; Sch-16) 360.40 843.03Schedules 1 to 16 form an integral part of the Accounts.This is the Profit and Loss Account referred to in our Report of even date.For and on behalf of the BoardFor DHAWAN & CO.CHARTERED ACCOUNTANTS S.K. Ajmani S.K.Kaushik R.KashyapCompany Secretary Director (Finance) Managing DirectorDeepak Kapoor& G. M (Term Loans)PartnerM No. 072302Place : New DelhiSowmya RaghavanDated : 28th July, 2009Chairperson27