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Report No. 143

Annexure 'B-I'

Ambalal Sarabhai Enterprises Limited

[Profit & Loss Account for the year ended 31-3-1990]

Schedule

1989-90

1988-89

Rs. lakh

Rs. lakh

Sales of Services

A

16900.79

13478.72

Other Income

301.62

255.82

Income

17202.41

13734.54

Cost of Sales and Services

B

15163.94

11823.20

Excise duty

1616.16

1323.98

Expenditure

16780.10

13147.18

Gross margin

422.31

587.36

Surplus resulting from Amalgamation

C

42.49

1335.40

Write Back of interest provision

L(2)

899.31

..

1,364.11

1,922.76

Less.

Interest on other than term loans

548.28

489.21

Interest on term loans

635.97

955.69

Depreciation

270.90

300.45

Less: Transfer from Capital
Reserve No. 2

152.58

178.44

122.01

L(3)

Net Profit

61.54

355.85

Add:Transfer from Investments Allowance Reserve No. 1

31.97

..

Transfer from Investment Allowance Reserve No. 2

23.83

31.52

Transfer from Investment Allowance Reserve No. 3

11.80

11.39

129.14

398.76

Less.

Provision for taxation for past years

..

142.00

Shares & Debentures issue expenses

17.15

17.15

Deficit brought forward

821.46

1,061.07

Deficit carried to Balance Sheet

709.47

821.46

L

Notes

Schedules A, B, C, & L From Part of the Profit & Loss account
As per our report attached for and behalf of Sorab S. Engineering & Co.
Charted Accountans
M.P. Anita
Partner
25-7-1990

Gautam Sarabhai
Chairman
K.J. Divatia
Co-Chairman
K. Subramanian
Secretary
25-7-1990



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