From the following particulars, prepare comparative statement of profit and loss of Narang Colours Ltd. for the year ended March 31, 2014 and 2015:

Particulars 2014-15 2013-14

1. Revenue from operations 40,00,000 35,00,000

2. Other income 50,000 50,000

3. Cost of material consumed 15,00,000 18,00,000

4. Changes in inventories of finished goods 10,000 (15,000)

5. Employee benefit expenses 2,40,000 2,40,000

6. Depreciation and amortization 25,000 22,500

7. Other expenses 2,66,000 3,02,000

8. Profit 20,09,000 14.27,300

Notes to Accounts

Particulars 2014-15 2013-14

1. Other expenses

i) Power and fuel 36,000 40,000

ii) Carriage outwards 7,500 9,500

iii) License fees 2,500 2,500

iv) Selling and distribution 1,70,000 1,90,000

v) Provision of tax 50,000 60,000

2,66,000 3,02,000