DRIVIN G ROWTH - Dr. Reddy's

214
profit & loss account | AS
AT DECEMBER 31
(US $)
2001 2000
OPERATIONAL EXPENSES
Royalty expenses – 26,502
Other operational expenses – 88,011
– 114,513
Net result from operations – (114,513)
OTHER INCOME
Bank interest 45,403 129,771
Currency exchange difference – hedging (11,729) (264)
Currency exchange gain 14,242 12,179
47,916 141,686
Total net income 47,916 27,173
GENERAL & ADMINISTRATIVE EXPENSES
Consultancy fees 43,750 941,667
Research & development expenses – 250,000
Audit fees 3,800 3,700
Management fees 1,200 1,200
Accounting fees 11,055 11,188
Legal fees 922 1,261
General expenses 1,650 59,600
Other 537 5,710
62,914 1,274,326
Pre-tax result (14,998) (1,247,153)
TAX & EXTRA-ORDINARY ITEMS
Profit tax – –
Adjustment previous year – 457
– 457
Loss for the period (14,998) (1,247,610)
Note: The accompanying notes are an integral part of these financial statements.
REDDY ANTILLES N.V. | FINANCIALS | ANNUAL REPORT 2001