Consolidated Income Statement

Group Company

---------------- ---------------- ---------------- ----------------     For the year ended 31 December 1999 1999 1998 1999 1998     Notes Rs.million Rs.million Rs.million Rs.million         ---------------- ---------------- ---------------- ----------------     Revenue 1 18,281 17,082 18,281 17,082   Operating costs 2 (13,220) (12,071) (13,193) (12,047)         ---------------- ---------------- ---------------- ----------------     Operating profit   5,061 5,011 5,088 5,035     Non-operating income   447 256 447 256   Interest expense and related charges 4 (3,313) (1,899) (3,313) (1,899)   Interest income 103 90 103 90     Profit share from Associate Company 9 27 3 - -         ---------------- ---------------- ------------------- ----------------     Profit before tax 2,325 3,461 2,325 3,482     Taxation 5 (1,056) (1,260) (1,056) (1,260)         ---------------- ---------------- ---------------- ----------------     Profit after tax 1,269 2,201 1,269 2,222         ---------------- ---------------- ---------------- ----------------     Transfer to reserves (1,269) (2,201) (1,269) (2,222)         ---------------- ---------------- ---------------- ----------------                     Earnings per share 7 - - 0.70 1.23                                     All the Group’s activities are continuing activities.                     The accompanying notes on pages 9 to 28 form an integral part of these financial statements.

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Consolidated Income Statement                                                         Page   1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

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