MEMORANDUM ACCOUNT OF EMD/ FERRO MANGANESE
	PROFIT AND LOSS ACCOUNT
	FOR THE YEAR 2004-2005
PARTICULARS		31-3-2005		31-03-2004
		Rs.		Rs.
A. ELECTROLYTIC MANGANESE DIOXIDE PLANT
I.   Sales                                                 9(II)		76525049		42493642
Less: Excise duty		10688349		5861192
Net Sales		65836700		36632450
II.  Accretion to Stock                           12(II)		(12393599)		15635641
Total :		53443101		52268091
III. Manufacturing Expenses                14(a)		43578770		42757676
Excise Duty  on stock                     15(I)		(1691155)		2156640
Total		41887615		44914316
IV.  Profit before depreciation		11555486		7353775
Depreciation		4920081		5649820
Profit/Loss before Tax		6635405		1703955
B. FERRO MANGANESE PLANT
I.   Sales                                             9(III)		299053832		314876687
Less: Excise duty		29385475		41292284
Net Sales		269668357		273584403
II. Other Income		4196563		6074067
II.I  Accretion to Stock                     12(III)		115630541		4981076
Total :		389495461		284639546
Iv. Manufacturing Expenses            14(b)		237965672		228765081
Excise Duty   on closing stock    15(II)		17024015		(85028)
Total		254989687		228680053
V.  Profit before depreciation		134505774		55959493
Depreciation		3719281		4270338
Profit/Loss before Tax		130786493		51689155