Mangalore Chemicals & Fertilizers Limited

Profit and Loss account for the year ended March 31, 2007


	(Rs. in Lakhs)

	Schedule No.	2006-2007	2005-2006
Income
Sales and services		1372,55.86	1083,84.10
Less: Excise Duty		1,50.89	1,52.51
Net Sales and Services		1371,04.97	1082,31.59
Other Income	2.1	3,44.00	3,81.24
		1374,48.97	1086,12.83
Expenditure
Manufacturing and Other Expenditure	2.2	1265,11.37	1075,90.59
Interest and Finance Charges	2.3	16,26.86	6,72.38
Depreciation - Net of amount transferred from revaluation reserve of Rs. 2,24.95 lakhs (Previous year Rs.2,50.54 lakhs) [See Note No. B-4 of Schedule 3]		15,21.73	11,35.13
Variation in Stock of Finished Goods and Work-in-Process	2.4	35,92.10	(46,51.43)
		1332,52.06	1074,46.67
Profit before Tax		41,96.91	38,66.16
Provision for Current Tax		11,66.74	9,59.26
Provision for Fringe Benefit Tax		21.00	30.00
Profit after Current Tax		30,09.17	28,76.90
Provision for Deferred Tax Liability (Net)		2,62.90	3,61.65
Profit after Tax		27,46.27	25,15.25
Balance brought forward from previous year		67,51.42	50,46.99
Balance available for Appropriations		94,97.69	75,62.24
Appropriations
Proposed Dividend		7,11.09	7,11.09
Corporate Dividend Tax		1,20.85	99.73
Balance carried to Balance Sheet		86,65.75	67,51.42
		94,97.69	75,62.24
Earnings per Equity Share
Basic and Diluted (in Rupees) [See Note No. B-11 of Schedule 3]		2.32	2.12
Accounting Policies and Notes on Accounts	3