Consolidated Statement of Changes in Equity

------------------- ------------------- ------------------- ------------------- -------------------     Share Advances Capital Retained Total     capital towards reserves earnings     share capital     As at 31 December 1999 Notes Rs.million Rs.million Rs.million Rs.million Rs.million     ------------------- ------------------- ------------------- ------------------- -------------------     Company     Balance at 1 January 1998     - as previously reported 18,049 2,987 188 2,045 23,269     - prior year adjustment 6 - - - 259 259     ------------------- -------------------- ------------------- ------------------- --------------------     - as restated 18,049 2,987 188 2,304 23,528     Advances towards share capital - 23 - - 23     Dividend for 1997 - - - (542) (542)     Dividend for 1998 - - - (451) (451)     Net profit restated for the effect of        the prior year adjustment - - - 2,222 2,222     Set off against goodwill - (3,010) - - (3,010)     ------------------- -------------------- ------------------- ------------------- ---------------------     Balance at 31 December 1998 18,049 - 188 3,533 21,770     ------------------- -------------------- ------------------- ------------------- --------------------     Balance at 1 January 1999     - as previously reported 18,049 3,010 188 2,586 23,833     - prior year adjustment 6 - - - 947 947     - set off against goodwill - (3,010) - - (3,010)     ------------------- ------------------- ------------------- ------------------- -------------------     - as restated   18,049 - 188 3,533 21,770     Dividend for 1998   - - - (451) (451)     Net profit   - - - 1,269 1,269       ------------------- ------------------- ------------------- ------------------- -------------------     Balance as at 31 December 1999   18,049 - 188 4,351 22,588         ------------------- ------------------- ------------------- ------------------- -------------------     The accompanying notes on pages 9 to 28 form an integral part of these financial statements.

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Consolidated Statement on Changes in Equity                                                         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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