Profit and Loss account


in Rupee Symbol

For the year ended March 31,

Schedule

2011

2010

Income from software services, products and business process management

1,40,03,70,324

1,38,15,43,804

Software development and business process management expenses

9

1,00,52,86,296

88,47,57,275

GROSS PROFIT

39,50,84,028

49,67,86,529

Selling and marketing expenses

10

51,66,805

–

General and administration expenses

11

22,59,58,433

21,74,18,619

23,11,25,238

21,74,18,619

OPERATING PROFIT BEFORE INTEREST AND DEPRECIATION

16,39,58,790

27,93,67,910

Interest

–

15,23,299

Depreciation

2,87,44,637

2,61,85,148

OPERATING PROFIT BEFORE TAX

13,52,14,153

25,16,59,463

Other income, net

12

45,05,170

(65,43,660)

Provision for investments

–

–

NET PROFIT BEFORE TAX

13,97,19,323

24,51,15,803

Provision for taxation

13

2,53,02,906

4,77,32,658

NET PROFIT AFTER TAX

11,44,16,417

19,73,83,145

EARNINGS PER SHARE

Equity shares of par value 500/- PLN each

Basic

22,883

39,477

Weighted average number of shares used in computing earnings per share :

Basic

5,000

5,000

SIGNIFICANT ACCOUNTING POLICIES AND NOTES TO ACCOUNTS

14

Note : The schedules referred to above are an integral part of the Profit and Loss account.

For Shenoy & Kamath
Chartered Accountants
Firms Regn. No. 006673S

 

M. Rathnakar Kamath
Partner
Membership No : 202841

B. G. Srinivas
Director

Abraham Mathews
Director

Ritesh M. Idnani
Director

Bangalore
April 11, 2011