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| Regd. Office : Off Bellary Road, Hebbal, Bangalore 560 024 | ||||||
|
AUDITED FINANCIAL RESULTS FOR THE | ||||||
|
QUARTER AND HALF YEAR ENDED 30th JUNE 2003 | ||||||
| Rs. in lakhs | ||||||
| Sl | Particulars | 3 months | Corresponding | Year to date | Year to date | Previous |
| ended | 3 months in | figures for | figures for | Accounting | ||
| current | the previous | current | previous | year | ||
| year | year | year | year | ended | ||
| 30.06.2003 | 30.06.2002 | 30.06.2003 | 30.06.2002 | 31.12.2002 | ||
| (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | ||
| 1 | Net Sales/Income from operations | 4927.87 | 3280.02 | 8149.77 | 5880.95 | 13617.19 |
| 2 | Service Income | 38.48 | 68.57 | 72.51 |
68.57 |
144.55 |
| 3 | Other Income | 89.34 | 59.17 | 219.89 | 156.13 | 307.38 |
| 4 | Total Expenditure | |||||
| (a) Increase(-)/decrease(+) in stock-in-trade | 569.48 | 255.09 | 808.41 | -53.52 | -1721.54 | |
| (b) Consumption of raw and packing materials | 919.78 | 706.60 | 1729.35 | 1705.59 | 4376.14 | |
| (c) Purchase of finished goods | 396.89 | 527.81 | 671.70 | 818.47 | 2760.45 | |
| (d) Staff cost | 710.20 | 630.43 | 1357.31 | 1190.69 | 3004.60 | |
| (e) Rates & taxes | - | 0.00 | 0.00 | 0.00 | ||
| (f) Excise duty | - | 0.00 | 0.00 | 0.00 | ||
| (e) Other expenditure | 905.50 | 763.48 | 1666.38 | 1680.45 | 3478.34 | |
| 5 | Interest | 1.91 | 1.77 | 1.91 | 5.44 | 7.87 |
| 6 | Depreciation | 102.47 | 113.13 | 213.05 | 215.19 | 485.33 |
| 7 | Profit (+) / Loss (-) before tax and prior period expenditure (1+2+3-4-5-6) | 1449.46 | 409.45 | 1994.06 | 543.34 | 1677.93 |
| 8 | Prior period expenditure | - | - | - | 33.21 | - |
| 9 | Profit(+)/Loss(-) before tax (7-8 ) | 1449.46 | 409.45 | 1994.06 | 510.13 | 1677.93 |
| 10 | Provision for taxation | 554.44 | 170.00 | 764.44 | 240.00 | 905.72 |
| 11 | Deferred Tax asset(+)/(liability)(-) for the period | 23.80 | 21.57 | -37.46 | 34.98 | 263.96 |
| 12 | Net Profit(+) / Loss(-) for the period (9-10+11) | 918.82 | 261.02 | 1192.16 | 305.11 | 1036.17 |
| 13 | Paid-up Equity Share Capital | 500.00 | 500.00 | 500.00 | 500.00 | 500.00 |
| (Face value of Rs.10 per share) | ||||||
| 14 | Reserves excluding revaluation reserves | - | - | - | - | 7098.54 |
| (as per Balance Sheet of previous | ||||||
| accounting year) | ||||||
| 15 | Basic and Diluted Earnings(+)/Loss(-) | 18.38 | 5.22 | 23.84 | 6.10 | 20.72 |
| (Rs) per share (not annualised) | ||||||
| 16 | Aggregate of non-promoter shareholding | |||||
| - Number of shares | 419509 | |||||
| - Percentage of shareholding | 8.39% | |||||
| Notes : | ||||||
| 1.The above results were approved by the Board of Directors of the Company at its meeting held on 26th August 2003. | ||||||
| 2. The Company's sole business segment is HealthCare. The capital employed in this segment is Rs. 8,761.26 lakhs (12 months | ||||||
| ended 31st December 2002 : Rs. 7,586.92 lakhs). The above results for 3 months and 6 months ended 30th June 2003 include | ||||||
| non operational income (net of non operational expense) Rs. 1.66 lakhs (corresponding 3 months of previous year | ||||||
| 2. Sales exclude excise duty and sales tax. | ||||||
| 3. Inventory of finished goods includes excise duty. | ||||||
| 5. The Company has for the first time accounted for deferred taxation for the year ended 31st March, 2001 and | ||||||
| consequently figures for the quarter ended and six months ended 30th September, 2000 have not been adjusted | ||||||
| for deferred taxation. | ||||||
| 6. Hitherto, promotional items were valued as inventories. In the current period, promotional items have been charged off to the profit and loss account. As | ||||||
| a result, inventories as at 31 March 2002 is lower by Rs. 20.66 lakhs and the profit before taxation for the period is lower by Rs. 20.66 lakhs. | ||||||
| 4. Staff costs for the 12 months ended 31 December 2002 include Rs 505.74 (previous period: Rs Nil) incurred | ||||||
| towards exgratia on account of early retirements. This liability has been accounted in accordance with the terms | ||||||
| of the agreement entered into with each such employee during the year. | ||||||
| Rs.11.06 lakhs) and Rs. 83.76 lakhs (corresponding 6 months of previous year Rs. 47.06 lakhs) respectively (12 months | ||||||
| ended 31st December 2002: Rs. 46.93 lakhs). | ||||||
| 3. There were no investor complaints pending as at the beginning of the quarter.The Company had received six investor | ||||||
| complaints during the quarter ended 30th June, 2003. All the complaints have been satisfactorily dealt with. | ||||||
| 4. The Company has shifted its Registered Office on 18th August 2003 to the address mentioned above. | ||||||
| 5. Previous period figures have been regrouped/ reclassified, wherever necessary. | ||||||
| By Order of the Board of Directors | ||||||
| For ASTRAZENECA PHARMA INDIA LIMITED | ||||||
| LARS WALAN | ||||||
| Managing Director | ||||||
| Bangalore | ||||||
| Dated | : 26th August 2003 | |||||