Profit and Loss account
in 
For the Year Ended December 31, |
Schedule |
2010 |
2009 |
Income from software services, products and business process management |
90,31,47,070 |
65,26,08,476 |
|
Software development and business process management expenses |
9 |
72,87,77,505 |
43,53,04,106 |
GROSS PROFIT |
17,43,69,565 |
21,73,04,369 |
|
Selling and marketing expenses |
10 |
1,15,50,512 |
21,68,772 |
General and administration expenses |
11 |
13,65,79,935 |
10,16,78,508 |
14,81,30,447 |
10,38,47,280 |
||
OPERATING PROFIT BEFORE INTEREST AND DEPRECIATION |
2,62,39,118 |
11,34,57,090 |
|
Interest |
– |
– |
|
Depreciation |
4,33,13,894 |
5,39,04,366 |
|
OPERATING PROFIT BEFORE TAX |
(1,70,74,776) |
5,95,52,724 |
|
Other income, net |
12 |
(15,05,495) |
(82,55,672) |
Provision for investments |
– |
– |
|
NET PROFIT BEFORE TAX |
(1,85,80,271) |
5,12,97,052 |
|
Provision for taxation |
13 |
2,26,23,388 |
2,54,53,293 |
NET PROFIT AFTER TAX |
(4,12,03,659) |
2,58,43,759 |
|
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS |
14 |
Note : The schedules referred to above are an integral part of the Profit and Loss account.
For Shenoy & Kamath, |
|
M Rathnakar Kamath |
Ashok Vemuri |
Bangalore |