hindustan times ltd Management discussions


HINDUSTAN TIMES LIMITED ANNUAL REPORT 2007-2008 MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL RESULTS AND APPROPRIATIONS: (Rs. In Lacs) 2007-08 2006-07 Profit after Interest but before Depreciation, Extra-ordinary items and Tax 3197.72 1487.21 Less Depreciation 134.08 122.63 Extra-ordinary items * Difference of Depreciation for earlier years due to change in method - 221.00 of depreciation from SLM to WDV Profit Before Tax 3063.64 1143.58 Less: Provision for Tax 208.00 16.00 Profit After Tax 2855.64 1127.58 Add: Profit brought from Previous year 3222.62 1615.56 Transfer from Debenture Redemption Reserve 541.67 - Profit Available for appropriation 6078.26 3284.81 Appropriated as Dividend on Equity Shares 53.16 53.16 Corporate Dividend Tax - 9.03 Balance to be carried forward 6025.10 3222.62 OPERATIONS: The Company has made substantial investment in upgrading various facilities in the building. This has resulted in attracting tenants with good profile at very attractive rentals. The company has plans to renovate the building to bring it at par with international standards.