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| CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR YEAR ENDED DECEMBER 31, 2009 |
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|
|
(Rs. in million) |
| |
Schedule |
Year ended
31/12/2009 |
Year ended
31/12/2008 |
| INCOME |
|
|
|
| Sales and Other Operating Income (Gross) |
12 |
16,684.53 |
16,970.35 |
| Less: Excise Duty |
|
546.74 |
844.73 |
| Sales and Other Operating Income (Net) |
|
16,137.79 |
16,125.62 |
| Other Income |
13 |
42.55 |
69.19 |
| TOTAL |
|
16,180.34 |
16,194.81 |
| EXPENDITURE |
|
|
|
| Material Consumed |
|
10,354.60 |
10,081.69 |
| Manufacturing and Other Expenses |
14 |
3,760.24 |
3,792.03 |
| Decrease / ( Increase ) in Semi-Finished Goods and Finished Goods Stock |
15 |
(44.78) |
408.58 |
| Interest and Other Finance Charges (Net) (Refer Note No. 6 of Schedule-17) |
|
184.56 |
774.70 |
| Depreciation/Amortisation |
5 |
584.09 |
593.10 |
| TOTAL |
|
14,838.71 |
15,650.10 |
| PROFIT BEFORE TAX |
|
1,341.63 |
544.71 |
| Provision for Taxation |
|
|
|
| - for Current Tax (Refer Note No. 8 of Schedule-17) |
|
381.69 |
217.11 |
| - for Deferred Tax |
|
(8.82) |
(13.80) |
| - for Fringe Benefit Tax |
|
1.21 |
4.65 |
| TOTAL |
|
374.08 |
207.96 |
| PROFIT AFTER TAX |
|
967.55 |
336.75 |
| Debit Balance Brought Forward |
|
(2,159.21) |
(2,071.37) |
| Cummulative Debit Balance |
|
(1,191.66) |
(1,734.62) |
| APPROPRIATIONS (made by Micro Inks Limited, the Parent Company) |
|
|
|
| Proposed Dividend |
|
149.23 |
149.23 |
| Provision for Dividend Distribution Tax on Proposed Dividend |
|
25.36 |
25.36 |
| Transfer to General Reserve |
|
500.00 |
250.00 |
| |
|
674.59 |
424.59 |
| Debit Balance Carried to Reserves and Surplus (Schedule-2) |
|
(1,866.25) |
(2,159.21) |
| Basic and Diluted Earnings Per Share of Rs. 10/- each (in Rs.) |
|
38.90 |
13.54 |
| (Refer Note No. 10 of Schedule-17) |
|
|
|
| SIGNIFICANT ACCOUNTING POLICIES |
16 |
|
|
| NOTES TO THE ACCOUNTS |
17 |
|
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| As per our report of even date |
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For Deloitte Haskins & Sells
Chartered Accountants |
For and on behalf of the Board |
|
R. K. Hiranandani
Partner
|
Anjum Bilakhia
Chairman |
Ashwani Bhardwaj
Managing Director |
| |
Hitesh Parikh
Vice President &
Company Secretary |
Sundaresh Bhat
Vice President & Chief Financial Officer |
Place: Mumbai
Date: March 20, 2010 |
Place: Vapi
Date: March 20, 2010 |
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