Financial Year - GMM Pfaudler Ltd

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2011INCOMEYear ended Year endedSchedule 31.03.11 31.03.10` ‘000’ ` ‘000’Turnover (Gross) 1,552,503 1,646,694Less: Excise Duty 112,296 101,910Turnover (Net) 1,440,207 1,544,784Other Income 12 26,156 27,0221,466,363 1,571,806EXPENDITURECost of production 13 1,015,759 1,100,494Operating expenses 14 161,982 146,081Selling, general and administrative expenses 15 82,782 118,074Depreciation 34,742 33,342Interest and Financial Charges 16 8,808 6,5621,304,073 1,404,553PROFIT BEFORE TAXATION 162,290 167,253Provision for TaxationCurrent 48,830 57,100Deferred 3,283 (4,273)NET PROFIT FOR THE YEAR AFTER TAXATION 110,177 114,426Prior year’s adjustment for taxation – 3,850NET PROFIT FOR THE YEAR 110,177 110,576Surplus brought forward 590,470 538,837AMOUNT AVAILABLE FOR APPROPRIATION 700,647 649,413APPROPRIATIONS:Interim Dividend 40,929 40,929Tax on distributed profit 6,956 6,956Transfer to General Reserve 11,017 11,058Surplus carried forward 641,745 590,470700,647 649,413Basic and diluted earnings per share of ` 2 each (`) 7.54 7.56Notes to accounts 17The Schedules referred to above form an integral part of theSignatures to Profit and Loss AccountProfit and Loss Account. and Schedules 12 to 17As per our report attached.For and on behalf of the BoardFor and on behalf ofKALYANIWALLA & MISTRYChartered Accountants P. Krishnamurthy ChairmanAshok J. PatelManaging DirectorPeter C. WallaceDirectorVinayak M. Padwal Mittal Mehta Christopher M. Hix DirectorPartner Company Secretary Darius C. Shroff DirectorTarak A. PatelExecutive DirectorM. No. F 49639 A. N. Mohanty Financial ControllerMumbai, August 25, 2011 Mumbai, August 10, 2011 Neunkirch, August 4, 201121