induri farm ltd Management discussions


INDURI FARM LIMITED ANNUAL REPORT 2007 MANAGEMENT DISCUSSION AND ANALYSIS (A) Financial Results: Rs. Lacs 2007 2006 Sales 3632.96 2605.07 Other Income 10.99 3.43 3643.95 2608.50 Profit before tax 16.86 9.12 Provision for taxation 13.75 1.42 Profit after tax 3.11 7.70 Tax adjustments of prior years Balance in Profit & Loss Account brought forward 65.60 57.65 Less : Adjustment made in accordance with the transitional provisions of Accounting Standard 15 on Employee Benefits(0.26) Amount available for appropriation 68.71 65.60 Transfer to General Reserve Profit and Loss Account Balance 68.71 65.60 68.71 65.60 (B) Operations: The Company effectively met the requirement of milk of its holding Company, Cadbury India Limited, through its farm production of milk as well as third party procurement. (C) Industrial Relations: Relations between the Company and its employees continued to be cordial.