PROFIT & LOSS ACCOUNT FOR STEEL AUTHORITY OF INDIA

Mar '06 Mar ' 07 Mar '08 Mar ' 09 Mar ' 10 Projected 11
Income
Sales Turnover 32805.96 39722.59 46175.85 49331.47 43934.7
Excise Duty 4605.48 5393.82 6217.18 5532.89 3386.88
Net Sales 28200.48 34328.77 39958.67 43798.58 40547.82
Other Income 937.94 1408.71 1701.59 2002.77 2768.23
Stock Adjustments 1131.31 289.15 436.28 1872.87 -1157.45
Total Income 30269.7 36026.6 42096.5 47674.2 42158.6
Expenditure
Raw Materials 15034.54 16252.28 17257.67 23915.45 20506.4
Power & Fuel Cost 2489.74 2578.84 2825.56 3119.42 3369.35
Employee Cost 4156.97 5087.76 7919.28 8401.73 5416.81
Other Manufacturing Expenses 303.71 346.59 492.18 643.35 287.66
Selling and Admin Expenses 1619.2 1602.31 1727.55 1701.52 0
Miscellaneous Expenses 524.91 528.71 737.79 878.94 719.99
Preoperative Exp Capitalised -1352.05 -1423.08 -1832.22 -1930.4 0
Total Expenses 22777 24973.4 29127.8 36730 30300.2

Operating Profit 6554.77 9644.51 11267.14 8941.44 9090.16

PBDIT 7492.71 11053.22 12968.73 10944.21 11858.39
Interest 467.76 332.13 250.94 253.24 402.01
PBDT 7024.95 10721.09 12717.79 10690.97 11456.38
Depreciation 1207.3 1211.48 1235.48 1285.12 1337.24
Other Written Off 181.44 128.59 75.49 128.02 10.33
Profit Before Tax 5636.21 9381.02 11406.8 9277.83 10108.8
Extra-ordinary items 71.12 60.57 64.61 181.26 98.45
PBT (Post Extra-ord Items) 5707.33 9441.59 11471.43 9459.09 10207.26
Tax 1694.36 3253.8 3934.65 3284.28 3452.89
Reported Net Profit 4012.97 6202.29 7536.78 6174.81 6754.37
Total Value Addition 7742.48 8721.13 11870.14 12814.56 9793.81
Preference Dividend 0 0 0 0 0
Equity Dividend 826.08 1280.42 1528.25 1073.9 1363.03
Corporate Dividend Tax 115.86 197.98 258.91 181.26 227.52
Per share data (annualised)
Shares in issue (lakhs) 41304 41304 41304 41304 41304
Earning Per Share (Rs) 9.72 15.02 18.25 14.95 16.35

Equity Dividend (%) 20 31 37 26 33

Book Value (Rs) 30.51 41.92 55.84 67.75 80.66
ORITY OF INDIA

Projected 11