DRIVIN G ROWTH - Dr. Reddy's

244
statement of operations and retained deficit |
FOR THE YEAR ENDED MARCH 31
(US $)
For the year For three months
ended 2002 ended 2001
REVENUE
Research 2,249,997 475,003
Interest 40,082 22,645
EXPENSES
2,290,079 497,648
Administrative 410,610 90,214
Corporate 224,328 –
Development 37,922 –
Research 1,371,319 292,638
Depreciation 87,862 12,686
2,132,041 395,538
Net income before income taxes 158,038 102,110
Income taxes (Note 4) – –
Net income 158,038 102,110
Retained deficit, beginning (1,008,774) (1,110,884)
Retained deficit, ending (850,736) (1,008,774)
See accountant’s audit report and notes to these financial statements.
REDDY US THERAPEUTICS, INC. | FINANCIALS | ANNUAL REPORT 2001-2002