Schedules forming part of the Financial ... - Thomas Cook India

60
Year ended
31st December, 2011
Thomas Cook (India) Limited
Schedules forming part of the Financial Statements
for the year ended 31st December, 2011
SCHEDULE “Q” : (Contd.)
Year Ended
31st December, 2010
Rupees Rupees Rupees Rupees
(e) Managerial Remuneration under Section 198 of the Act to
Whole time Directors (excluding gratuity contributed for the
company as a whole)
Salaries 23,752,225 19,906,353
House Rent Allowance/Perquisite 11,442,667 9,357,722
Contribution to Provident and Other Funds 2,850,266 2,388,769
Perquisites in cash and in kind 26,139,290 25,699,327
64,184,448 57,352,171
Commission to Non-Executive Directors 6,250,000 5,272,149
70,434,448 62,624,320
Directors’ Fees
Computation of net profits in accordance with Section 198
read with Section 309(5) of the Act
Profit before Taxation and Exceptional item as per
1,490,000 1,540,000
Profit and Loss Account 828,757,213 531,520,683
Add: Remuneration to Directors 70,434,448 62,624,320
Directors’ Fees
Depreciation / Amortisation as per Profit and Loss
1,490,000 1,540,000
Account
Profit on Sale of Fixed Assets as per Section 350 of the
114,709,417 115,858,189
Act 6,427,123 3,832,822
193,060,988 183,855,331
1,021,818,201 715,376,014
Less: Depreciation as per Section 350 of the Act
Loss on Sale/write off of Fixed Assets as per Section 350
84,810,281 87,185,002
of the Act
Profit on Sale of Fixed Assets (Net) as per Profit and
13,239,552 16,228,983
Loss Account
Profit on Redemption of Long-term Investments as per
68,925,155 13,278,671
Profit and Loss Account - 14,098,942
166,974,988 130,791,598
Net Profit 854,843,213 584,584,416
Commission to Non-Executive Directors @ 1% 8,548,432 5,845,844
Salary and Commission to Executive Directors @10%
Commission to Directors, restricted by the Board of
85,484,321 58,458,442
Directors to 6,250,000 5,272,149
(f) Expenditure in Foreign Currency
(Other than in the normal course of the business as
authorised foreign exchange dealers)
Interest and Other Finance Charges 43,461,545 32,413,068
Licence fees 20,051,185 19,148,800
Travelling, Subscription and Others 17,079,762 9,369,227
Professional Fees 22,919,564 11,884,487