| |
| PROFIT AND LOSS ACCOUNT FOR THE 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 |
18,044.83 |
14,311.55 |
| Less: Excise Duty |
|
747.88 |
546.74 |
| Sales and Other Operating Income (Net) |
|
17,296.95 |
13,764.81 |
| Other Income |
13 |
44.29 |
40.03 |
| TOTAL |
|
17,341.24 |
13,804.84 |
| EXPENDITURE |
|
|
|
| Materials Consumed (Refer Note No. 8(b) and 23 of Schedule-17) |
|
12,135.50 |
9,076.68 |
| Manufacturing and Other Expenses |
14 |
3,032.30 |
2,675.00 |
| Increase in Semi-Finished Goods and Finished Goods Stock |
15 |
(269.93) |
(92.66) |
| Interest and Other Finance Charges (Net) (Refer Note No. 9 of Schedule-17) |
|
67.68 |
160.67 |
| Depreciation/Amortisation (Refer Note No. 26 of Schedule-17) |
5 |
373.01 |
485.67 |
| TOTAL |
|
15,338.56 |
12,305.36 |
| PROFIT BEFORE TAX |
|
2,002.68 |
1,499.48 |
| Provision for Taxation |
|
|
|
| - for Current Tax (Refer Note No. 14 of Schedule-17) |
|
600.00 |
381.60 |
| - for Deferred Tax |
|
(15.72) |
(8.82) |
| - for Fringe Benefit Tax |
|
_ |
1.21 |
| TOTAL |
|
584.28 |
373.99 |
| PROFIT AFTER TAX |
|
1,418.40 |
1,125.49 |
| Balance Brought Forward |
|
2,015.17 |
1,564.27 |
| Profit Available for Appropriation |
|
3,433.57 |
2,689.76 |
| APPROPRIATIONS |
|
|
|
| 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 |
| Balance Carried to Reserves and Surplus (Schedule-2) |
|
2,760.13 |
2,015.17 |
| |
Basic and Diluted Earnings Per Share of |
|
10/- each (in Rupees) |
|
|
57.03 |
45.25 |
| (Refer Note No. 17 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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