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PROFIT
& LOSS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER
1998
| PARTICULARS |
31st DEC., 1998
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Nu. ch
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Nu. ch
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Net Operating
Income
(brought forward) |
51,376,058.99
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30,744,462.76
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| Write-offs &
losses (net) |
4,416,302.90
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12,913,390.08
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| Write-back of
provision (net) |
(21,304,708.76)
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(3,117,980.33)
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| Profit Before
Tax |
68,264,464.85
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20,949,053.01
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| Provision for
taxation |
20,479,339.00
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0.00
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| Profit After
Tax |
47,785,125.85
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20,949,053.01
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| Provision for
dividends |
29,752,000.00
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11,900,800.00
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Transfer To General Reserve |
18,033,125.85
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9,048,253.01
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Significant Accounting
Policies &
Notes on Accounts (Schedule 11)
This is the Profit & Loss Account referred
to in our report of even date.
DELOITTE HASKINS &
SELLS
Chartered Accountants
Date :25-Mar-1999 
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