Profit and Loss Account

Profit and Loss Account

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON MARCH 31, 2011

  Schedule   Current Year Previous Year
INCOME        
Operating Income 9   345,55,70,181 296,02,36,882
Fees and Other Charges     13,34,08,627 12,16,44,513
Bad Debts Recovered     1,27,21,923 73,58,749
Profit on Sale of Fixed Assets(Net)     13,28,171 9,24,564
Other Income     6,49,379 4,29,742
      360,36,78,281 309,05,94,450
EXPENDITURE AND CHARGES        
Interest and Other charges 10   200,91,90,479 180,20,02,950
Staff Expenses 11   16,03,49,407 12,41,15,974
Establishment Expenses 12   4,58,16,985 3,67,02,431
Other Expenses 13   8,69,21,260 7,86,85,256
Depreciation 8   1,83,20,456 1,43,49,687
Bad Debts Written Off     1,25,83,792 2,71,30,625
Provision for Contingencies     1,47,67,411 6,33,59,731
      234,79,49,790 214,63,46,654
PROFIT BEFORE TAX FOR THE YEAR     125,57,28,491 94,42,47,796
Less : – Provision for Tax        
  • Current Tax
   33,98,93,570   29,69,05,349
  • Deferred Tax(Net)
   7,17,310   (4,22,43,231)
      34,06,10,880 25,46,62,118
PROFIT AFTER TAX FOR THE YEAR     91,51,17,611 68,95,85,678
Balance brought forward from last year     45,88,06,741 27,64,22,725
AMOUNT AVAILABLE FOR APPROPRIATION     137,39,24,352 96,60,08,403
         
APPROPRIATIONS :        
Special Reserve     22,00,00,000 17,50,00,000
General Reserve     9,20,00,000 6,90,00,000
Proposed Dividend     38,67,33,963 22,57,13,475
Tax on Proposed Dividend     6,27,37,918 3,74,88,187
Dividend (including tax of 1,33,256 (Previous Year Nil)     9,35,581 0
pertaining to previous year paid during the year) (Note 23)      
Balance Carried to Balance Sheet     61,15,16,890 45,88,06,741
      137,39,24,352 96,60,08,403
Earning Per Share (Note 15)      
Basic     26.192 19.889
Diluted     26.129 19.847
Notes Forming Part of Accounts 14      
Significant Accounting Policies 15