in
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 |
B. G. Srinivas |
Abraham Mathews |
Ritesh M. Idnani |
Bangalore
April 11, 2011