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

–

–

Software development and business process management expenses

6

7,239

–

GROSS PROFIT

(7,239)

–

Selling and Marketing expenses

–

–

General and administration expenses

7

1,50,73,368

13,69,228

1,50,73,368

13,69,228

OPERATING PROFIT BEFORE INTEREST AND DEPRECIATION

(1,50,80,607)

(13,69,228)

Interest

–

–

Depreciation

–

–

OPERATING PROFIT BEFORE TAX

(1,50,80,607)

(13,69,228)

Other income, net

8

9,00,166

67,597

NET PROFIT BEFORE TAX

(1,41,80,441)

(13,01,631)

Provision for taxes

–

–

NET PROFIT AFTER TAX

(1,41,80,441)

(13,01,631)

EARNINGS PER SHARE

Equity shares of US $0.50 par value each

Basic

(1.42)

(0.13)

Number of shares used in computing basic earnings per share

1,00,00,000

1,00,00,000

SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS

9

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
Membership No : 202841

Prof. Jeffrey S. Lehman
Chairperson

T. V. Mohandas Pai
Director

Bangalore
April 11, 2011

S. D. Shibulal
Director

Eric S. Paternoster
Chief Executive Officer and Director