Mohsin Annual Report-Final 1-91:Layout 1.qxd - Siemens Pakistan

100Profit and Loss AccountSiemens (Pakistan) Engineering Company LimitedProfit and Loss AccountFor the year ended September 30, 20072007 2006Continuing Discontinued Company as Continuing Discontinued Company asoperations operations a whole operations operations a wholeNote -------------------------------------------------(Rupees in ‘000)-----------------------------------------------------Net sales 20 18,607,805 3,293,947 21,901,752 13,849,065 6,946,782 20,795,847Cost of sales 21 (16,167,683) (2,608,940) (18,776,623) (12,765,938) (5,578,152) (18,344,090)Gross profit 2,440,122 685,007 3,125,129 1,083,127 1,368,630 2,451,757Commission and allowances earned 177,219 70,914 248,133 393,596 221,751 615,3472,617,341 755,921 3,373,262 1,476,723 1,590,381 3,067,104Marketing and selling expenses 22 (777,130) (209,330) (986,460) (697,896) (305,579) (1,003,475)General administration expenses 23 (542,836) (28,107) (570,943) (364,130) (76,858) (440,988)Other operating income 24 195,281 11,495 206,776 16,181 36,529 52,710(1,124,685) (225,942) (1,350,627) (1,045,845) (345,908) (1,391,753)Profit from operations 1,492,656 529,979 2,022,635 430,878 1,244,473 1,675,351Financial income 25 258,878 - . 258,878 82,222 - . 82,222Financial expenses 25 (307,509) (9,430) (316,939) (222,355) (26,898) (249,253)Net finance costs (48,631) (9,430) (58,061) (140,133) (26,898) (167,031)Profit before income tax expense and profiton sale of discontinued operations 1,444,025 520,549 1,964,574 290,745 1,217,575 1,508,320Income tax expense 26 (763,739) (217,141) (980,880) (140,974) (642,810) (783,784)Profit for the year before profit on sale ofdiscontinued operations 680,286 303,408 983,694 149,771 574,765 724,536Profit on sale of discontinued operations - netof income tax 27 - . 1,497,628 1,497,628 - . - . - .Profit for the year 680,286 1,801,036 2,481,322 149,771 574,765 724,536Attributable to- Equity holders of Siemens (Pakistan) EngineeringCompany Limited 680,286 1,801,036 2,481,322 150,281 576,725 727,006- Minority interest - . - . - . (510) (1,960) (2,470)680,286 1,801,036 2,481,322 149,771 574,765 724,536Basic and diluted earnings per share (Rupees) 28 82.49 218.38 300.87 19.34 74.23 93.57The annexed notes 1 to 42 form an integral part of these financial statements.Sohail Wajahat H. SiddiquiChief Executive OfficerGerhard WilckeChief Financial Officer & Director