MEMORANDUM ACCOUNT OF MANGANESE ORE 
                                                      Profit and Loss Account 
                                                        for  the year 2004-2005
PARTICULARS                         SCHEDULE   31-3-2005   31-03-2004
            Rs.         Rs.
INCOME
Sales                                                         9 3412179360 1930054351
Less: Excise duty 61495 0
Net Sales 3412117865 1930054351
Other Income                                            10 89237284 52465203
Provisions written back                              11 1263490 664115
Accretion to Stocks                                   12 131515774 (119986285)
Profit on Sale of Assets 0 0
                    Total : 3634134413 1863197384
EXPENDITURE
Ore raising/operating expenses                   13 1379320924 1158771921
Excise Duty  on closing stock variation                                            15 -14530 0
Administrative & Selling expenses              16 206112064 169621019
Research & Development expenses            17 17105623 10755664
Provision for unavailed leave 0 0
Write off and provisions                              18-A 22262808 22166082
Miscellaneous expenditure written off 18-B 47437892 38522572
Expenses  for diversion of forest land  1453836 0
               Total : 1673678617 1399837258
  Gross Margin before interest  1960455796 463360126
   and Depreciation
Interest (4192) (51470)
Depreciation (75200287) (63758693)
PROFIT FOR THE YEAR 1885251317 399549963
Prior period adjustment                              18-C 0 0
PROFIT BEFORE TAX 1885251317 399549963