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Financial Statements - Income Statement

    IndianMoney.com Research Team | Saturday, February 21,2009, 05:59 PM
 

In Indian context, Income statement is also referred as Profit & Loss account. It is the snapshot of a company's operational performance for a particular period of time. It takes the company's revenues and expenses for a particular period and gives profits as output. A typical P&L account or Income Statement looks like this :

Condensed Consolidated Profit and Loss Account
for the three months and six months ended 30 June 2008
(Currency: in thousands of Indian Rupees except share data)

 

3 Months
ended 30 June 2008

3 Months
ended June 30,2007

Income

   

Sales and service income

7,673,051

6,587,768

Other Income

493,205

331,138

Net Sales

8,166,256

6,918,906

     

Expenditure

   

Personnel costs

4,488,811

3,871,450

Selling, general and administration costs

2,117,602

1,009,941

Depreciation

279,763

245,127

Less: Transfer from revaluation reserve

20

20

Interest costs

32,410

38,699

 

6,918,566

5,165,197

     

Profit for the period before taxation

1,247,690

1,753,709

Provision for taxation (refer note 3.7)

165,277

358,691

MAT credit entitlement (refer note 3.7)

(117,494)

(96,529)

Provision for taxation-Fringe benefits

8,637

12,060

     

Profit /(loss) for the period after taxation

1,191,270

1,479,487

Profit and loss account, brought forward

   

Add: Adjustment on account of Employee Benefits (refer Note
3.8)

15,362,059

11,993,647

     
Amount available for appropriation

16,553,329

13,473,134

Dividend on equtiy Shares

158

1,144

Dividend Tax ( refer note 3.9)

27

12,515

Profit and loss account, carried forward

16,553,144

13,459,475

     

Earnings per equity share of Rs 2 each

   

Basic

8.57

10.67

Diluted

8.55

10.54

Weighted average number of equity shares used in

   

IndianMoney.com Research Team

The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

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