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PROFIT
& LOSS ACCOUNT FOR THE YEAR ENDED 31st DECEMBER
2002
| PARTICULARS |
31st DEC., 2002
|
31st DEC., 2001
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Nu. ch
|
Nu. ch
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|
|
Net Operating
Income
(brought forward) |
83,534,550.44
|
120,248,770.57
|
| Write-offs &
losses |
1,705,078.24
|
1,677,817.60
|
| Write-back of
provision (net) |
24,547,881.74
|
6,992,678,10
|
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| Profit Before
Tax |
57,281,590.46
|
111,578,277.87
|
| |
|
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| Provision for
taxation |
17,184,477.14
|
33,473,483.36
|
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| Profit After
Tax |
40,097,113.32
|
78,104,794.51
|
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|
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| Provision for
dividends |
14,876,000.00
|
29,752,000.00
|
| Transfer to staff
Training Fund |
3,000,000.00
|
0.00
|
| Transfer to Foreign
Exchange Fluctuation Reserve |
3,445,065.00
|
0.00
|
Transfer To General Reserve |
48,352,794.51
|
48,352,794.51
|
|
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 : 7-May-03 
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