MANGANESE ORE (INDIA) LIMITED
NAGPUR 440 001
Profit and Loss Account for
the year ended 31.03.2005
PARTICULARS	SCHEDULE		31-3-2005		31-03-2004
			Rs.		Rs.
INCOME
Sales	9		3787758241		2287424680
Other Income	10		93433847		58539270
Provisions written back	11		1263490		664115
Accretion/(Decretion) to Stocks	12		234752716		(99369568)
Profit on Sale of Assets			0		0
Total :			4117208294		2247258497
EXPENDITURE
Ore raising/operating expenses	13		1379320924		1158771921
Raw material consumption and
Manufacturing Expenses	14		281544442		271522757
Excise Duty on closing stock variation	15		55453649		49225088
Administrative & Selling expenses	16		206112064		169621019
Research & Development expenses	17		17105623		10755664
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 :			2010691238		1720585103
Gross Margin before interest			2106517056		526673394
and Depreciation
Interest			(4192)		(51470)
Depreciation			(83839649)		(73678851)
PROFIT FOR THE YEAR			2022673215		452943073
Prior period Adjustment	18-C		0		0
PROFIT BEFORE TAX			2022673215		452943073
Provision for Income tax 2004-05			(752965160)		(171916706)
Deferred Tax asset/(liability) for the year			(704472)		4133732
NET PROFIT AFTER TAX			1269003583		285160099
Balance of Profit from
previous year			2755401		9461323
PROFIT AVAILABLE FOR APPROPRIATION	TOTAL		1271758984		294621422
PARTICULARS	SCHEDULE		31-3-2005		31-03-2004
			Rs.		Rs.
APPROPRIATIONS										311805361
Proposed Dividend on Equity Shares			91950840		45975420
Tax on Dividend including sucharge			13013918		5890601
Transfer to General Reserve			1160000000		240000000
Balance carried forward			6794226		2755401
Total  :			1271758984		294621422
Schedule No. 1 to 21  form an integral part of  Financial statements
This is the Profit & Loss Account referred to
in Our Report  of even date.
For Rodi Dabir & Co.
Chartered Accountants
Sudhir Dabir                                  B.Dasgupta			I M K S  Raju
Partner                                    Company secretary		DY.G.M.(Finance)
M A V Gautham		P. M. Reddy
Place :New Delhi               Director(Finance)		Chairman-cum-Managing Director
Date :26.5.05