CONCORD BIOTECH LIMITED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON 31ST MARCH, 2010 For the Forthe YearEnded Year Ended March 31, 2010 March 31, 2009 Schedules Rupees Rupees iwcome Gross Sales 11063,184,773 _§61,825:585 Less, Excise Duty “6.187.775 ___ 20,518,284 Net Sales 46,996,998 531,307.901 Other income " 17695,327 28,933,096 {Decrease} in Stock of Finished & Process Goods 2 (40,101.105)__(47,625,486) —iuaasot 719 512,614,513 EXPENDITURE Matenals Consumed 13 165,279,110 109,802,989 Manufacturing Expenses 14 143,070,330 123,297,787 Employees’ Remuneration & Other Benefits 15 46.221,701 41,268,853 ‘Administration and Other Expenses 6 35672451 28,279,712 Selling & Distribution Expenses 7 12917.921 10.830.659 Research & Development 18 7ai0.1e 6.450.941 Finance Cost 19 3.830.063 6.798.753 Depreciation and Amortiation 50,983,183 43,647,909. 370.476 PROFIT BEFORE TAX 559,246,253 142,138,454 Provision for Taxation Current tax 481,525,847 50,350.230 Fringe Beneft tax 5 “410,000 Deferred tax 8473879 (3.665.364) ‘Short(Excess ) provision for tax in easter years 2.000.280 (635,735) PROFIT AFTER TAX 3e7.246,05T 95,573,329 Prior Year Adjustments zs 41(251,260 Net Profit 36,930,573 Provision for Dividend 34,519,470 és Provision for Dividend Tax 5,866,584 Transfer 9 General Reserve 37,000,000 : Balance brought forward 278.276595 181,340,022 BALANCE CARRIED TO BALANCE SHEET 568,196,778 276,276,595, Earnings Per Share (See Note No.10 of Schedule-20) 148.69 4014 Significant Accounting Policies & Notes on Accounts 20 Ta per ou aachod report of even Gate For Delotte Haskins & Sells For and on behalf of Board Chadored Acoguntans et es Saeceags aa wads Patiner Methberstip No.36701 wf es = ieaor Place : Anmgéabad Date (2/06 2010 Place : Ahmedabad Date yee 2010