| |
| |
Profit and Loss Account for the year ended 31st March, 2004 (in Rupees) |
|
Consolidated Financial Statements |
|
Profit and Loss Account for the year ended 31st March, 2004 |
(in Rupees ) |
Particulars |
Year Ended
31.03.2004 |
Year Ended
31.03.2003 |
|
Rs. |
Rs. |
| INCOME |
|
|
| Domestic Sales |
44,161,183 |
25,857,938 |
| Export Sales |
129,372,615 |
123,522,815 |
| Other Income |
1,425,263 |
2,096,148 |
| Increase / (Decrease) in Closing Stock |
(3,218,600) |
(9,201,000) |
Total - A |
171,740,461 |
142,275,901 |
| EXPENDITURE |
|
|
| Software development expenses |
149,710,784 |
136,702,968 |
| Administrative expense |
19,130,198 |
17,247,869 |
| Bad debts |
8,485,524 |
10,384,590 |
| Financial Charges |
4,536,929 |
6,061,384 |
| Preliminary Expenses written off |
- |
4,198 |
| Depreciation |
10,710,645 |
17,512,234 |
Total - B |
192,574,080 |
187,913,243 |
| Profit / (Loss) before Tax |
(20,833,619) |
(45,637,342) |
| Less : Provision for tax |
- |
192,726 |
| Profit / (Loss) after Tax |
(20,833,619) |
(45,444,616) |
| Add: Deferred Tax Asset/Liability Adjustment |
6,850,994 |
14,142,398 |
| Profit/(Loss) after current & deferred Tax adjustment |
(13,982,625) |
(31,302,218) |
| Add previous year Surplus/Loss |
(55,258,254) |
(23,956,036) |
| Profit / ( Loss) transferred to Balance sheet |
(69,240,879) |
(55,258,254) |
| Earnings per share |
|
|
| (Equity shares, par value Rs.10 each) |
|
|
| Basic |
(2.80) |
(4.99) |
| Diluted |
(2.80) |
(4.99) |
|
(69,240,879)
|
(55,258,254)
|
|
|
|
|
|
