|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
1999 |
1998 |
1999 |
1998 |
|
|
|
Rs.million |
Rs.million |
Rs.million |
Rs.million |
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
Salaries, wages and allowances |
2,084 |
1,891 |
2,084 |
1,891
|
|
|
Social
security contributions |
229 |
197 |
229 |
197
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
|
2,313 |
2,088 |
2,313 |
2,088
|
|
|
|
---------------- |
---------------- |
---------------- |
---------------- |
|
|
4.
Finance Costs |
|
|
|
|
|
|
|
|
|
Group/Company |
|
|
|
|
|
---------------- |
---------------- |
|
|
|
|
|
1999 |
1998 |
|
|
|
|
|
Rs.million |
Rs.million |
|
|
|
|
|
---------------- |
---------------- |
|
|
Interest
expense and related charges |
|
|
|
|
|
|
Rupee loans (long-term) |
|
|
1,260
|
1,101
|
|
|
Rupee
loans (short-term) |
|
|
174 |
21
|
|
|
Foreign
currency loans |
|
|
1,419
|
907
|
|
|
Net
foreign exchange losses and other charges (note a) |
|
|
950
|
561
|
|
|
|
|
|
---------------- |
---------------- |
|
|
Total
interest payable |
|
|
3,803
|
2,590
|
|
|
Interest
capitalised |
|
|
(490) |
(691) |
|
|
|
|
|
---------------- |
---------------- |
|
|
Total
interest charged |
|
|
3,313
|
1,899
|
|
|
|
|
|
---------------- |
---------------- |
|
|
(a)
Other charges are for interest on bank overdrafts
and the guarantee premium paid for 150K projects. |
|
|
|
|
|
|
|
|
|
5.
Taxation |
|
|
|
|
|
|
The
charge for taxation is made up as follows: |
|
|
Group/Company
|
|
|
|
|
|
---------------- |
---------------- |
|
|
|
|
|
1999 |
1998 |
|
|
|
|
|
Rs.million |
Rs.million |
|
|
|
|
|
---------------- |
---------------- |
|
|
Current
tax |
|
|
- |
- |
|
|
Deferred tax charge |
|
|
1,056
|
1,260
|
|
|
|
|
|
---------------- |
---------------- |
|
|
|
|
|
1,056
|
1,260
|
|
|
No
income tax is payable for the year in view of tax
losses available for carry forward. At 31 December
1999, tax losses available for carry forward amounted
to approximately Rs. 15,000 million |
|
---------------- |
---------------- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|