|
|
|
|
|
Rs.in Crores |
| |
Schedule |
|
For the year
ended |
|
For the year
ended |
|
Number |
|
31st March 2005 |
|
31st March 2004 |
| |
|
|
|
|
|
|
INCOME
|
|
|
|
|
|
|
Sales
|
8.1 |
1207.49 |
|
1046.21 |
|
|
Services
|
|
181.52 |
|
210.36 |
|
| |
|
|
|
|
|
| Total Sales and Services |
|
1389.01 |
|
1256.57 |
|
| Less : Excise Duty |
|
71.14 |
1317.87 |
58.71 |
1197.86 |
| Interest earned |
8.2 |
|
0.27 |
|
6.09 |
| Others |
8.3 |
|
56.30** |
|
52.94 |
| Transfers from
Grant-in-Aid |
8.4 |
|
447.78** |
|
(52.74) |
| |
|
|
|
|
|
|
|
|
1822.22
|
|
1204.15
|
|
|
|
|
|
EXPENDITURE
|
|
|
|
|
Consumption of Raw
Materials and
|
|
|
|
|
|
|
Production Stores |
9.1 |
457.74 |
|
389.74 |
|
|
Purchase for Direct
Sales
|
|
627.97 |
|
402.30 |
|
|
Sundry charges on Installation
and |
|
|
|
|
|
| Maintenance of Exchange |
|
60.95 |
|
120.23 |
|
| Salaries,
Wages & Bonus |
9.2 |
246.85 |
|
289.15 |
|
|
Company's contribution
to Provident
|
|
|
|
|
|
|
Fund and Other Funds
|
9.3 |
79.17 |
|
66.97 |
|
|
Workmen and Staff
Welfare Expenses
|
9.4 |
10.70 |
|
11.91 |
|
|
Voluntary
Retirement Payments |
9.5 |
15.72 |
|
170.63 |
|
| Depreciation
|
9.6 |
31.73 |
|
42.04 |
|
| Financing
Expenses |
9.7 |
207.49 |
|
178.77 |
|
| Deferred Revenue
Expenditure written off |
9.8 |
212.23 |
|
38.03 |
|
|
Manufacturing
Expenses |
9.9. |
81.49 |
|
78.06 |
|
| Administration Expenses |
9.10 |
58.98 |
|
51.90 |
|
|
Selling
Expenses |
9.11 |
5.74 |
2096.76* |
7.58 |
1847.31 |
|
Less:
|
|
|
|
|
|
|
Transfer to Capital
Account
|
9.12 |
5.26 |
|
8.23 |
|
| Accretion/(Decretion) to
: |
|
|
|
|
|
| Work-in-Process |
9.13 |
(75.63) |
|
(101.59) |
|
| Manufactured Components |
9.14 |
(6.29) |
|
0.67 |
|
| Stock-in-Trade |
9.15 |
55.13 |
|
(83.00) |
|
|
Miscellaneous Expenditure
not
|
|
|
|
|
|
|
written off |
9.16 |
0.00 |
(21.53) |
135.05 |
(40.64) |
|
Cost of Sales for the
year
|
|
|
2118.29 |
|
1887.95 |
|
Profit before Tax for
the year
|
|
|
(296.07) |
|
(373.89) |
|
Prior Period adjustments
(net)
|
9.17 |
|
(13.75) |
|
(22.03) |
| Profit before Tax
|
|
|
(309.82) |
|
(705.83) |
|
Less: Provision for Taxation
|
|
|
|
|
- Current Income Tax |
|
|
0.00 |
|
0.00 |
|
- Deferred Tax |
|
|
0.00 |
|
0.00 |
| Profit after Tax |
|
|
(309.82) |
|
(705.83) |
|
APPROPRIATIONS
|
|
|
|
| Transfer to Bonds
Redemption Reserve |
|
|
0.00 |
|
0.00 |
|
|
|
|
|
|
| Proposed Dividend |
|
|
0.00 |
|
0.00 |
|
|
|
|
|
|
| Corporate Dividend Tax |
|
|
0.00 |
|
0.00 |
|
|
|
|
|
|
| Profit/(Loss) available
after appropriation |
|
|
(309.82) |
|
(705.83) |
|
|
|
|
|
|
| Less Tax on Dividend
|
|
|
0.00 |
|
0.00 |
| Transfer from Investment
Allowance Reserve |
|
|
0.00 |
|
0.00 |
|
|
|
|
|
|
| Net Balance carried to
Balance Sheet |
|
|
(309.82) |
|
(705.83) |
|
|
|
|
|
|
| Basic and Diluted
Earning Per Share (in Rs ) |
|
|
(37.10) |
|
(82.79) |
|
|
|
|
|
|
|
* Includes expenditure on Research &
Development Rs .36.79 Crores (
Previous year Rs 49.01 Crores) |
|
As per our report of
even date
|
|
|
|
|
|
| For
JOHN, JOSEPH & MATHEW |
|
|
|
|
|
| Chartered Accountants |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Partner : A.R.
LAKSHMINARAYANAN |
K.
RAMASWAMY |
J.K. VERMA |
Y. K. PANDEY |
|
M. NO. 11820 |
Company Secretary |
Director - Production |
C M D |
| Place: Bangalore |
| Date : 31st August 2005 |
|
|
|
|
|
