DRIVIN G ROWTH - Dr. Reddy's

202
notes to financial statements – DECEMBER 31, 2001
3. TURNOVER AND REVENUE
Turnover represents the invoiced value of goods sold, net of discounts, commission paid, returns and other allowances.
The Company’s turnover for the year arose from the following activities:
US$
2001 2000
Sales of goods 4,732,562 2,016,597
Other income 10,185 9,507
Interest income 6,141 53,967
Realised exchange gains – 6
Total revenue for the year 4,748,888 2,080,077
4. OPERATING PROFIT FOR THE YEAR
Operating profit for the year is arrived at after charging:
Auditor’s remuneration 4,873 3,718
5. DIRECTORS’ REMUNERATION
No Director received any fees or emoluments in respect of their services during the year (2000: Nil).
6. TAXATION
No provision for Hong Kong profits tax has been made since the Company did not carry on any business in Hong Kong.
7. DIVIDENDS
US$
2001 2000
Proposal final – US$ 0.00645 per ordinary share (2000: US$ 0.00129) 75,000 15,000
8. INVENTORIES
Finished goods 473,999 95,138
9. UNSECURED LOAN
The loan was granted by Reddy Antilles N.V. which is unsecured, interest free and shall be repayable in full on October 10, 2007.
10.SHARE CAPITAL
2001 2000
Authorised
12,000,000 ordinary shares of HK$ 1 each
Issued and fully paid
HK$ 12,000,000 HK$ 12,000,000
11,625,000 ordinary shares of HK$ 1 each HK$ 11,625,000 HK$ 11,625,000
US$ 1,500,000 US$ 1,500,000
REDDY PHARMACEUTICALS HONG KONG LTD. | FINANCIALS | ANNUAL REPORT 2001