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PROFIT
& LOSS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER
2003
| PARTICULARS |
31st DEC, 2003 |
31st
DEC, 2002 |
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Nu. ch |
Nu. ch |
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Net Operating
Income
(brought forward) |
122,505,442.31 |
83,534,550.44 |
| Write-offs &
losses |
338,251.59 |
1,705,078.24 |
| Write-back of
provision (net) |
40,854,336.36 |
24,547,881.74 |
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| Profit Before
Tax |
81,312,854.36 |
57,281,590.46 |
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| Provision for
taxation |
24,393,856.31 |
17,184,477.14 |
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| Profit After
Tax |
56,918,998.05 |
40,097,113.32 |
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| Balance
in Profit & Loss Account (brought forward) |
0.00 |
0.00 |
| Proposed dividend |
35,702,400.00 |
14,876,000.00 |
| Transfer To Capital Reserve |
3,000,000.00 |
3,000,000.00 |
| Transfer to Foreign ExchangeFluctuation
Reserve |
0.00 |
3,445,065.00 |
| Transfer To General Reserve |
11,383,799.61 |
18,776,048.32 |
| Balance in
Profit & Loss Account (carried forward) |
16,058,215.49 |
1,266,344.70 |
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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.
T K GHOSE &
CO.
Chartered Accountants
Nikhil N Basu
Partner
Date : 26-Mar-04 
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