Balance Sheet

As at March 31,	Schedule	2011	2010
SOURCES OF FUNDS
SHAREHOLDERS’ FUNDS
Share capital	1	4,36,92,227	4,36,92,227
Reserves and surplus	2	4,87,41,05,205	3,54,21,87,191
		4,91,77,97,432	3,58,58,79,418
APPLICATION OF FUNDS
FIXED ASSETS	3
Original cost		58,34,16,399	75,04,69,025
Less : Accumulated depreciation		46,10,69,424	52,02,14,743
Net book value		12,23,46,975	23,02,54,283
Add : Capital work-in-progress		–	–
		12,23,46,975	23,02,54,283
INVESTMENTS	4	–	13,24,40,329
DEFERRED TAX ASSETS	5	20,47,97,613	15,63,36,144
CURRENT ASSETS, LOANS AND ADVANCES
Sundry debtors	6	15,76,12,618	30,69,64,195
Cash and bank balances	7	5,48,56,55,418	3,48,42,71,338
Loans and advances	8	50,93,33,658	15,20,80,304
		6,15,26,01,694	3,94,33,15,838
LESS : CURRENT LIABILITIES AND PROVISIONS
Current liabilities	9	76,73,95,631	59,23,38,270
Provisions	10	79,45,53,219	28,41,28,905
		1,56,19,48,849	87,64,67,175
NET CURRENT ASSETS		4,59,06,52,845	3,06,68,48,662
		4,91,77,97,432	3,58,58,79,418
SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS	16

Note : The schedules referred to above are an integral part of the Balance Sheet.

For Shenoy & Kamath Chartered Accountants Firms Regn. No. 006673S
M. Rathnakar Kamath Partner Membership No : 202841	K. Dinesh Chairman	Jackie Korhonen Chief Executive Officer and Managing Director	Srinath Batni Director
Bangalore April 11, 2011	Dheeshjith V. G. Director	U. B. Pravin Rao Director	Subhash Dhar Director