Shriram City Union Finance Limited - Karvy

Since the enterprise used the intrinsic value method the impact on the reported net profit and earnings pershare by applying the fair value based method is as follows:In March 2005, ICAI has issued a guidance note on “Accounting for Employees Share Based Payments” applicable toemployee based share plan the grant date in respect of which falls on or after April 1, 2005. The said guidance noterequires that the proforma disclosures of the impact of the fair value method of accounting of employee stockcompensation accounting in the financial statements. Applying the fair value based method defined in the saidguidance note, the impact on the reported net profit and earnings per share would be as follows:Year ended March31, 2009(Rs. in lacs)Year ended March31, 2008Profit as reported (Rs. in lacs) 11,700.77 8,763.50Add: Employee stock compensation under intrinsic value method(Rs. in lacs)Less: Employee stock compensation under fair value method (Rs. inlacs)1,111.28 542.081,116.04 544.40Proforma profit (Rs. in lacs) 11,696.01 8,761.18Less Preference Dividend 73.91 165.74Proforma Net Profit for Equity Shareholders 11,622.10 8,595.44Earnings per shareBasic (Rs.)- As reported 25.77 21.95- Proforma 25.76 21.95Diluted (Rs.) - -- As reported 22.44 21.74- Proforma 22.43 21.74F-92