| |
| CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR YEAR ENDED DECEMBER 31, 2010 |
|
| |
|
|
| ( |
 |
in million) |
|
| |
Schedule |
Year ended
31/12/2010 |
Year ended
31/12/2009 |
| INCOME |
|
|
|
| Sales and Other Operating Income (Gross) |
12 |
20,329.85 |
16,684.53 |
| Less: Excise Duty |
|
747.88 |
546.74 |
| Sales and Other Operating Income (Net) |
|
19,581.97 |
16,137.79 |
| Other Income |
13 |
48.76 |
42.55 |
| TOTAL |
|
19,630.73 |
16,180.34 |
| EXPENDITURE |
|
|
|
| Materials Consumed |
|
13,751.91 |
10,354.60 |
| Manufacturing and Other Expenses |
14 |
4,082.56 |
3,760.24 |
| Increase in Semi-Finished Goods and Finished Goods Stock |
15 |
(780.14) |
(44.78) |
| Interest and Other Finance Charges (Net) (Refer Note No. 7 of Schedule-17) |
|
77.07 |
184.56 |
| Depreciation/Amortisation (Refer Note No. 14 of Schedule-17) |
5 |
579.08 |
584.09 |
| TOTAL |
|
17,710.48 |
14,838.71 |
| PROFIT BEFORE TAX |
|
1,920.25 |
1,341.63 |
| Provision for Taxation |
|
|
|
| - for Current Tax (Refer Note No. 10 of Schedule-17) |
|
602.00 |
381.69 |
| - for Deferred Tax |
|
(12.52) |
(8.82) |
| - for Fringe Benefit Tax |
|
_ |
1.21 |
| TOTAL |
|
589.48 |
374.08 |
| PROFIT AFTER TAX |
|
1,330.77 |
967.55 |
| Debit Balance Brought Forward |
|
(1,866.25) |
(2,159.21) |
| Cummulative Debit Balance |
|
(535.48) |
(1,191.66) |
| APPROPRIATIONS (made by Micro Inks Limited, the Parent Company) |
|
|
|
| Proposed Dividend |
|
149.23 |
149.23 |
| Provision for Dividend Distribution Tax on Proposed Dividend |
|
24.21 |
25.36 |
| Transfer to General Reserve |
|
500.00 |
500.00 |
| |
|
673.44 |
674.59 |
| Debit Balance Carried to Reserves and Surplus (Schedule-2) |
|
(1,208.92) |
(1,866.25) |
| |
Basic and Diluted Earnings Per Share of |
|
10/- each (in Rupees) |
|
|
53.50 |
38.90 |
| (Refer Note No. 13 of Schedule-17) |
|
|
|
| SIGNIFICANT ACCOUNTING POLICIES |
16 |
|
|
| NOTES TO THE ACCOUNTS |
17 |
|
|
| As per our report of even date |
|
|
For Deloitte Haskins & Sells
Chartered Accountants |
For and on behalf of the Board |
|
Rajesh K. Hiranandani
Partner
|
Anjum Bilakhia
Chairman |
Ashwani Bhardwaj
Managing Director |
Place: Mumbai
Date: February 19, 2011 |
Hitesh Parikh
Vice President &
Company Secretary |
Sundaresh Bhat
Vice President & Chief Financial Officer |
| |
|
|
|
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