Annual Report FY 2010-11 - Pipavav Shipyard

Profit and Loss Account for the year ended March 31, 2011
Particulars Schedule For the year ended
March 31, 2011
Annual Report 2010-11
Rs in Lacs
For the year ended
March 31, 2010
INCOME
Income from Operations 13 85,993.08 62,938.26
Other Income 14 6,336.51 6,750.66
Increase / (Decrease) in Inventories 15 (2,235.06) (11,294.30)
Total 90,094.53 58,394.62
EXPENDITURE
Purchase of Traded Goods 25,758.80 9,477.15
Raw Materials Consumed 16 28,283.20 16,931.91
Manufacturing Expenses 17 9,115.37 16,346.19
Payments to and Provisions for Employees 18 2,739.93 2,162.85
Administrative, Selling and Other Expenses 19 2,606.85 7,388.09
Interest and Financial Charges 20 11,900.63 7,299.92
Depreciation 4,873.26 3,654.73
Total 85,278.04 63,260.84
Profit / (Loss) Before Taxes 4,816.49 (4,866.22)
Provision For Tax - Current Tax 1,161.40 -
- MAT credit entitlement (1,127.65) -
- Deferred Tax 794.20 -
- Income Tax for Earlier Years 11.39 15.83
Profit / (Loss) after Tax 3,977.15 (4,882.05)
Prior Period Items (Net) 12.45 (207.35)
Balance brought forward (5,064.57) 24.83
Amount Available for Appropriation (1,074.97) (5,064.57)
Appropriations - -
Balance carried to Balance sheet (1,074.97) (5,064.57)
Earnings per Equity share of Rs. 10/- each
- Basic (In Rupees) 0.60 (0.82)
- Diluted (In Rupees) 0.60 (0.82)
(Refer note no. 17 of Schedule 22)
Significant Accounting Policies 21
Notes to Accounts 22
As per our report of even date
For Chaturvedi and Shah
Chartered Accountants
R Koria
Partner
Nikhil P. Gandhi
Chairman
For and on behalf of the Board of Directors
Bhavesh P. Gandhi
Executive Vice Chairman
Place :- Mumbai
Jigar Shah
Ajit Dabholkar
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Date :- May 28, 2011
Chief Financial Officer
Company Secretary
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