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PROFIT
& LOSS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER
1999
| PARTICULARS |
31st DEC., 1999
|
31st DEC., 1998
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Nu. ch
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Nu. ch
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Net Operating
Income
(brought forward) |
72,276,447.56
|
51,376,058.99
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| Write-offs &
losses |
4,432,296.56
|
4,416,302.90
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| Write-back of
provision (net) |
(523,079.90)
|
(21,304,708.76)
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| Profit Before
Tax |
68,367,230.90
|
68,264,464.85
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| Provision for
taxation |
20,510,169.00
|
20,479,339.00
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| Profit After
Tax |
47,857,061.90
|
47,785,125.00
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| Provision for
dividends |
23,801,600.00
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29,752,000.00
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Transfer To General Reserve |
24,055,461.90
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18,033,125.85
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Significant Accounting
Policies &
Notes on Accounts (Schedule 11)
This is the Profit & Loss Account referred
to in our report of even date.
DELOITTE HASKINS &
SELLS
Chartered Accountants
Date : 17-Mar-00 
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