Afcon Book.indd - Afcons Infrastructure Ltd.

AFCONS INFRASTRUCTURE LIMITEDPROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH, 2010I. INCOME :Previous YearSCHEDULE RS. IN LACS RS. IN LACS RS. IN LACSIncome from Operations 13 146,660.09 201,065.29{Including Tax deducted at Source Rs.1,682.15 Lacs(Previous year Rs.1,627.48 Lacs)}Other Income 14 4,367.88 3,961.25TOTAL 151,027.97 205,026.54II. EXPENDITURE :Cost of Construction 15 95,757.94 150,620.25Payments to and Provision for employees 16 17,397.77 19,607.36Operational & Other Expenses 17 21,157.36 14,847.53Interest and Financial charges 18 7,895.23 9,481.43Depreciation / Amortisation 3,306.76 3,047.94Less : Depreciation on the amount added on Revaluationtransferred from Revaluation Reserve 85.40 86.283,221.36 2,961.66TOTAL 145,429.66 197,518.23Profit before Tax 5,598.31 7,508.31Less :Provision For Tax :Current Tax (1,870.30) (1,900.80){Including Rs.0.30 Lacs for Wealth Tax (Previous year Rs. 0.80 Lacs)}Deferred Tax (91.03) (672.74)Fringe Benefit Tax - (139.40)(Short) /Excess provision for tax in respect of earlier years (net) (1.00) 139.89(1,962.33) (2,573.05)Profit After Tax 3,635.98 4,935.26Balance Brought Forward From Previous Year 7,399.10 2,480.43Profit Available for Appropriation 11,035.08 7,415.69Appropriations :Transfer to Capital Redemption Reserve Account - 12.50Proposed Dividend on Preference Shares 3.50 3.50Tax on Dividend 0.59 0.59Balance carried to Balance Sheet 11,030.99 7,399.10Earnings Per Share (face value Rs.10/-)-Basic (Rs.) 5.08 6.91-Diluted (Rs.) 1.08 1.47(Refer Note (21) of Schedule 19)Significant Accounting Policies and Notes on Accounts 19In terms of our report attachedFor and on Behalf of the Board of DirectorsFor DELOITTE HASKINS & SELLSCHARTERED ACCOUNTANTS C.P.MISTRY K.SUBRAHMANIANChairmanManaging DirectorR. LAXMINARAYAN J.C. BHATT J.J. PARAKH S.PARAMASIVANPartner Chartered Accountant Director Executive Director(Finance & Commercial)Place: MumbaiDated: 17 th June, 2010P.R.RAJENDRANCompany Secretary17