view / download the documents. - til india

Schedulesforming part of the Profit and Loss Account060061Year Ended31.03.2009(Rs. in ‘000)Year Ended31.03.2008SCHEDULE ‘L’OTHER INCOMETechnical and Other Fees 66,387 35,655Sale of Scraps 10,653 9,961Income from Long Term Investments - Dividends[Gross - Tax deducted at source Nil (Previous Year Nil)]a) Investments in Subsidiary Companies (Trade Investments) 1,150 16,408b) Other Investments 33 13Profit on Sale of Assets (Net) 5,981 22,960Interest [Gross - Tax deducted at source Nil (Previous Year Nil)]a) On Income Tax Refunds 2,267 -b) On deposit with Banks and Others 367 206Bad Debts Recovery 5,162 5,585Discounts 3,575 10,258Miscellaneous Income 6,525 9,092Total 102,100 110,138SCHEDULE ‘M’COST OF MATERIALS AND DIRECT MANUFACTURING EXPENSESOpening StockRaw Materials -in Hand 399,573 379,001in Transit 106,001 71,831Stock in Trade 711,000 389,2291,216,574 840,061Add : Purchases * [ Note 15 on Schedule ‘O’ ] 6,398,481** 5,916,315**7,615,055 6,756,376Less : Closing StockRaw Materials -in Hand 367,208 399,573in Transit 7,785 106,001Stock in Trade 960,267 711,0001,335,260 1,216,5746,279,795 5,539,802Add : Work-in-Progress on 01.04.2008 95,669 83,8276,375,464 5,623,629Less : Work-in-Progress on 31.03.2009 99,348 95,6696,276,116 5,527,960Less : Capitalised 13,953 19,2096,262,163 5,508,751Direct Wages 13,588 14,257Incentive Payments 15,951 10,616Consumption of Stores 38,462 31,709Contribution to Employees' State Insurance 210 545Carriage Inward 33,708 30,505Total 6,364,082 5,596,383*Including (Gain)/Loss on foreign exchange (net) (4,267) [Previous year (4,810)]**Purchases are net of 2,700 (Previous year 4,600) on account of accrued duty benefit pertaining to Exports/ Deemed Exports.Financial Statements (TIL)