anonymity that the board grappled with the tricky situation for long, and finally it was decided to show Rs 18.96 crore as operating profit after taking into account total income and expenditure of Rs 796 crore and Rs 777 crore. According to him, the board had noted that Rs 34.77 crore excess depreciation written back should be shown in the column of appropriation leaving no scope for misunderstanding.

More From This Section

First Published: Jun 27 1997 | 12:00 AM IST

Next Story