annual report - Jindal Group of Companies

PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2011INCOMESchedules Year ended Year ended31.03.2011 31.03.2010Rs.Rs.Income from Operations 12 10,525,957,242 11,953,684,061Other Income 13 109,331,924 54,381,21610,635,289,166 12,008,065,277EXPENDITUREMaterials & Operation Charges 14 8,442,797,261 10,058,760,895Employees Remuneration & Benefits 15 418,757,612 371,101,942Administrative Expenses 16 151,625,986 157,456,730Interest & Financial Charges 17 9,335,815 18,705,217Depreciation 4 110,872,194 120,989,4179,133,388,868 10,727,014,201Profit before Tax 1,501,900,298 1,281,051,076Provision for tax - Current Tax 507,072,810 422,860,833- Deferred Tax (13,346,224) 16,812,081- Earlier years (219,844) (51,566)Profit after Tax 1,008,393,556 841,429,728Balance brought forward 214,227,558 206,222,422Profit available for appropriation 1,222,621,114 1,047,652,150APPROPRIATIONSTransfer to General Reserve 100,000,000 800,000,000Proposed Dividend 11,465,552 28,663,880Proposed Dividend distribution tax 1,860,000 4,760,712Balance carried forward to Balance Sheet 1,109,295,562 214,227,5581,222,621,114 1,047,652,150Earning Per Share - Basic & Diluted (Face Value of Rs. 5/- each) 43.97 36.69Significant Accounting Policies & Notes on Accounts 18The Schedules referred to above form an integral part of the Profit & Loss AccountAs per our report of even date attachedFor S.S.KOTHARI MEHTA & CO.Chartered AccountantsFirm's Regn. No. 000756NK.K. TULSHANPartnerMembership No. 085033Place : GurgaonDated : 3rd August 2011S. N. AJMERACFORAJEEV RANJANCompany SecretaryFor & on Behalf of the BoardD. P. JINDALChairmanRAGHAV JINDALManaging DirectorK. K. KHANDELWALVIJAY KAUSHIKDirectors33