2011 Annual Report - Cargills (Ceylon)

34 Annual Report 2011Income statementsGroupCompanyFor the year ended 31 March 2011 2010 2011 2010Notes Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000 Rs. ‘ 000Revenue 3 37,128,661 30,874,797 29,669,660 17,328,142Cost of sales 4 (33,646,234) (28,234,424) (28,210,024) (16,732,614)Gross profit 3,482,427 2,640,373 1,459,636 595,528Other income 5 582,450 510,453 633,048 634,121Distribution costs (635,971) (506,121) (176,045) (110,907)Administrative expenses (1,412,112) (1,072,180) (806,978) (437,074)Other expenses (191,352) (142,980) (59,306) (38,947)Operating profit 1,825,442 1,429,545 1,050,355 642,721Finance costs 6 (363,946) (428,819) (294,248) (297,234)Share of loss of equity accounted investee 14.4 (54,793) - - -Profit before taxation 7 1,406,703 1,000,726 756,107 345,487Income tax expense 8 (312,530) (288,334) (200,822) (30,044)Net profit for the year 1,094,173 712,392 555,285 315,443Attributable to :Equity shareholders of the parent 1,088,550 712,392 555,285 315,443Minority interest 5,623 - - -1,094,173 712,392 555,285 315,443Earnings per share (Rs.) 10 4.86 3.18 2.48 1.41Dividend per share (Rs.) 11 1.50 1.10 1.50 1.10Dividend paid per share (Rs.) 1.30 0.80 1.30 0.80The accounting policies and notes from pages 38 to 66 form an integral part of these financial statements.