IRFC COVER-final - Indian Railway Finance Corporation Ltd.

PROFIT AND LOSS ACCOUNTFOR THE YEAR ENDED 31ST MARCH 2010(R in Lacs)DESCRIPTION SCH Year ended Year ended31/03/2010 31/03/2009INCOMELease Income 307376.10 272645.17Income on Loans & Deposits (TDS Rs.42.37 Lacs, PY: NIL) 35985.62 28688.74Dividend Income 7.54 7.32Exchange Rate Variation Gain 1116.10 195.85Other Income 9 3908.31 941.01TOTAL 348393.67 302478.09EXPENDITUREInterest on Bonds and Loans 10 245757.64 216279.62Lease Rent Paid 10339.56 18603.45Salary & Other Employee Benefits 11 155.50 166.14Administrative & Other Expenses 12 269.32 464.34Bond Servicing Expenses 13 197.73 185.38Depreciation 4 35.15 36.74Bond Issue Expenses/Expenses on loans 14 9342.77 969.25Amortisation of Foreign Currency Monetary Item 3455.15 -Transaltion Diff.A/c (Note No.4; Sch-16)TOTAL 269552.82 236704.92Profit for the Year 78840.85 65773.17Prior Period Income (Net) 15 (12.28) (4.44)PROFIT BEFORE TAX 78828.57 65768.73Less: PROVISION FOR TAXCurrent Tax 13512.50 7500.00Tax For Earlier Years - (1.53)Deferred Tax- For Current Year 21047.00 22355.92- For Earlier Years - 17828.37Fringe Benefit Tax - 6.81NET PROFIT AFTER TAX 44269.07 18079.16APPROPRIATIONS:Interim Dividend Paid 10000.00 10000.00Proposed Final Dividend - -Dividend Tax 1699.50 1699.50Transfer To General Reserve 4500.00 1900.00Transfer To Exchange Variation Reserve - 1947.00Transfer To Bonds Redemption Reserve 28069.57 2532.66TOTAL 44269.07 18079.16Basic Earning Per Share - in Rs. (Note No.21; Sch-16) 553.32 361.58Diluted Earning Per Share - in Rs. (Note No.21; Sch-16) 553.32 360.40Schedules 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 ACCOUNTANTSSunil Gogia S.K. Ajmani R.Kashyap Sowmya RaghavanPartner Company Secretary Managing Director ChairpersonM No. 073740& G M (Term Loans)Place : New DelhiDated :27-07-201029