Financial statements Income statement format
IndianMoney.com Research Team | Posted On Saturday, February 21,2009, 05:59 PM
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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 |
3 Months |
|
|
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 |
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 |
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