Q. 33. From the following Profit and Loss Account of Kalyani Ltd., prepare a Gross Value Added Statement. Show also the reconciliation between Gross Value Added and Profit before Taxation. Profit and Loss Account for the year ended 31st March, 2009 Income Notes Amount (Rs.in lakhs) (Rs.in lakhs) Sales 206.42 Other Income 10.20 216.62 Expenditure Production and Operational Expenses 1 166.57 Administration Expenses 2 6.12 Interest and Other Charges 3 8.00 Depreciation 5.69 186.38 Profit before Taxes 30.24 Provision for taxes 3.00 27.24 Investment Allowance Reserve Written Back 0.46 Balance as per Last Balance Sheet 29.05 Transferred to: General Reserve 24.30 Proposed Dividend 3.00 27.30 Surplus Carried to Balance Sheet 1.75 29.05 1.35 n25 Notes: (1) Production and Operational Expenses Increase in Stock Consumption of Raw Materials Consumption of Stores+ Salaries, Wages, Bonus and Other Benefits Cess and Local Taxes Other Manufacturing Expenses (Rs.in lakhs) 30.50 80.57 5.30 12.80 3.20 34.20 166.57 (2) (3) Administration expenses include inter-alia Audit fees of Rs. 1 lakh, Salaries and commission to directors Rs. 2.20 lakhs and Provision for doubtful debts Rs. 2.50 lakhs. Interest and Other Charges: (Rs.in lakhs) On Fixed Loans from Financial Institutions 3.90 Debentures 1.80 On Working Capital Loans from Bank 2.30 8.00