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PROFIT
& LOSS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER
2001
| PARTICULARS |
31st DEC., 2001
|
31st DEC., 2000
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Nu. ch
|
Nu. ch
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Net Operating
Income
(brought forward) |
120,248,770.57
|
139,845,316.64
|
| Write-offs &
losses |
1,677,817.60
|
876,796.48
|
| Write-back of
provision (net) |
6,992,678,10
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(11,162,990.64)
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| Profit Before
Tax |
111,578,277.87
|
150,110,510.80
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| Provision for
taxation |
33,473,483.36
|
47,189,955.88
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| Profit After
Tax |
78,104,794.51
|
102,920,554.92
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| Provision for
dividends |
29,752,000.00
|
29,752,000.00
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Transfer To General Reserve |
48,352,794.51
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73,168,554.92
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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.
N. C. MITRA &
CO.
Chartered Accountants
Date : 27-Mar-02 
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