Q. 34. From the following Profit and Loss Account of X Limited, prepare Gross Value Added Statement and show the reconciliation between Gross Value Added and Profit before taxation: Profit and Loss Account for the year ended 31st March, 2000 n 26 Income (Rs.in lakhs) (Rs.in lakhs) Sales Other Income 800 50 850 Expenditure Production and Operational Expenses Administrative Expenses Interest and Other Charges Depreciation Profit before taxes Provision for taxes 600 30 30 20 680 170 30 140 Balance as per last Balance Sheet 10 150 80 Transferred to: General Reserve Proposed Dividend Surplus carried to Balance Sheet 20 50 150 320 Break-up of some of the Expenditure is as follows: Production and Operational Expenses: Consumption of Raw Materials and Stores Salaries, Wages and Bonus Cess and Local Taxes Other Manufacturing Expenses 60 20 200 600 6 Administrative Expenses: Audit Fee Salaries and Commission to Directors Provision for Doubtful Debts Other Expenses 8 6 10 30 10 Interest and other Charges: On Working Capital Loans from Bank On Fixed Loans from ICICI On Debentures 15 5 30