Annual Report-FY 2012-13 - Timex Group India

Statement of Profit and Loss for the year ended 31 March 2013As per our report of even date attachedFor B S R & Co.For and on behalf of the Board of Directors of Timex Group India LimitedChartered AccountantsFirm Registration No.: 101248WVikram Advani Gary Piscatelli M.K Bandyopadhyay Sachin Selot Shilpa VermaPartner Chairman Acting Managing Director Chief Financial Officer Company SecretaryMembership No.: 091765Place : Gurgaon Place : Middlebury CT, USA Place : New Delhi Place : New Delhi Place : New DelhiDate : 30 May 2013 Date : 30 May 2013 Date : 30 May 2013 Date : 30 May 2013 Date : 30 May 201329(Rs. in lakhs)Note 31 March 2013 31 March 2012Revenue from operationsSale of products (gross) 18 11,974 18,228Less: Excise duty 228 235Sale of products (net) 11,746 17,993Sale of services 366 305Other operating revenues 32 53Total 12,144 18,351Other income 19 24 40Total revenue 12,168 18,391ExpensesCost of materials and components consumed 20 7,191 9,896Purchase of stock-in-trade 21 255 471Changes in inventories of finished goods, 22work in progress and stock-in-trade 353 (619)Employee benefits 23 2,152 1,887Finance costs 24 98 109Depreciation and amortisation 25 223 197Other expenses 26 6,092 5,844Total expenses 16,364 17,786Profit /(loss) before tax (4,196) 605Income tax expenseCurrent tax (Minimum Alternate Tax) - 155Fringe benefit tax for prior years written back - (3)Profit /(loss) for the year (4,196) 453Earnings per equity share [(nominal value of share Re 1(previous year Re.1)] 27Basic (4.47) 0.13Diluted (4.47) 0.13Significant accounting policies 2The notes referred to above form an integral part of the financial statements.