INDIAN RAYON AND INDUSTRIES LIMITED - Aditya Birla Nuvo, Ltd

Profit & Loss Account for the year ended 31st March, 20012000-2001 1999-2000Schedule Rs. in Crores Rs. in CroresINCOMESales 1525.95 1187.14Other Income ‘12’ 31.73 52.21Increase/(Decrease) in Stocks ’13’ 6.45 21.241564.13 1260.59EXPENDITURECost of Materials ‘14’ 648.28 507.81Manufacturing Expenses ‘15’ 241.34 186.11Salaries, Wages and Employee BenefitsSelling and Other Expenses‘16’‘17’118.51224.30108.24137.97Excise Duty 109.76 115.05Shares buy-back expenses — 0.99Interest and Other Finance Expenses ‘18’ 74.69 74.331416.88 1130.50Profit before Depreciation/Amortisatiion and Exceptional items 147.25 130.09Depreciation/Amortisation 69.52 71.90Less : Transfer from Revaluation Reserve 0.37 0.38Marketing/Technical knowhow expenditure written off 3.93 0.98Profit before Exceptional items and Tax 74.17 57.59Exceptional loss due to exit from Sea Water Magnesia business — 298.82Provision for Income Tax 5.65 —Profit/(Loss) after Exceptional items 68.52 (241.23)Transfer from Debenture redemption reserve — 71.11Balance brought forward 30.55 207.32Profit Available for Appropriation 99.07 37.20APPROPRIATIONSProposed Dividend 17.96 5.99Corporate Tax on Proposed Dividend 1.83 0.66Debenture Redemption ReserveGeneral Reserve14.916.85——Surplus carried to Balance Sheet 57.52 30.5599.07 37.20Significant Accounting Policies and Notes on AccountsSchedules referred to above form an integral part of the accounts‘19’As per our attached Report of even date.For LODHA & CO., For KHIMJI KUNVERJI & CO., ADESH GUPTA Chairman : KUMAR MANGALAM BIRLAChartered Accountants Chartered Accountants President & CFO Directors : B. R. GUPTASIDDHARTHA SENN. KISHORE BAFNA SHIVJI K. VIKAMSEY ASHOK MALU B. L. SHAHPartner Partner Company Secretary H. J. VAIDYATARJANI VAKILMumbai, 26th April, 200143