DRIVIN G ROWTH - Dr. Reddy's

192
schedules
8. Foreign exchange transaction
2001-02 2000-01
a) Value of imports on CIF basis:
raw materials 55,598,390 28,755,789
capital equipment 8,572,966 2,976,750
b) Expenditure in foreign currency others
(E mark, books, commission)
692,360 837,481
c) Others
d) Earnings in foreign currency
1,247,969 5,976,718
FOB value of exports 91,290,957 60,788,880
9. In terms of the provisions of Accounting Standard 22 in respect of “Accounting for taxes on income”, the Company has not
recognised deferred tax assets/liabilities in view of the Company’s EOU status, its brought forward business losses and unabsorbed
depreciation.
10. Previous year’s figures have been recasted/restated wherever necessary to conform to the classifications adopted for the current
year.
11. Figures have been rounded off to the nearest rupee.
As per our report attached For and on behalf of the Board
for A RAMACHANDRA RAO & CO. SATISH REDDY Director
Chartered Accountants V S VASUDEVAN Director
V S SURESH Company Secretary
A RAMACHANDRA RAO
Partner
Hyderabad
June 4, 2002
COMPACT ELECTRIC LTD. | FINANCIALS | ANNUAL REPORT 2001-2002
(Rs)