ifiunik pharmaceuticals ltd Management discussions


IFIUNIK PHARMACEUTICALS LIMITED ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS Financial Results: (Rs. in lakhs) 2007-08 2006-07 Other Income 327.31 176.23 Profit before depreciation & Tax 321.03 162.32 Less : Depreciation 0.21 0.22 Profit before Tax 320.82 162.10 Less: Income Tax Provision 30.03 21.53 Wealth Tax Provision 0.15 0.15 Earlier year short provision for Tax 0.91 Add: Excess Provision for Income Tax - 0.15 Add: MAT Credit Receivable 50 Net Profit after Taxation 299.23 140.57 Add : Surplus brought forward 1090.62 978.30 Available for appropriation 1389.85 1118.87 Appropriations: Transfer to Statutory Reserve 59.85 28.25 Transfer to General Reserve 0.00 0.00 Balance carried to Balance Sheet 1330.00 1090.62 Total 1389.85 1118.87 Operations: During the year Companys total income amounted to Rs.327.31 Lakhs as against Rs. 176.23 lakhs for the previous year.