Audited Financial Results for the Six Months Ended 30th June, 2007
(Rupees in Lakhs)
1 2 3 4 5 6 7 8 9 10
Quarter ended 30th June, 2007
(Unaudited)
Quarter ended 30th April, 2006 (Unaudited) Consolidated for Quarter ended 30th June, 2007 (Unaudited) Consolidated for Quarter ended 30th April, 2006 (Unaudited) Six months ended 30th June, 2007 (Audited) Six months ended 30th April 2006 (Unaudited) Consolidated for Six months ended 30th June, 2007 (Unaudited) Consolidated for Six months ended 30th April, 2006 (Unaudited) Fourteen months ended 31st Dec, 2006 (Audited) Consolidated for Fourteen months  ended 31st Dec, 2006 (Audited)
1 Income from Operations 6,322.0 3,393.5 7,801.7 3,629.1 11,013.2 6,563.6 13,778.8 7,033.8 19,619.9 20,909.4
2 Other Income 172.6 86.3 408.2 174.4 308.1 152.5 1,169.3 312.7 2,113.6 2,041.1
3 Total Expenditure
a) Staff Cost 1,649.5 1,002.1 2,397.8 1,104.7 3,055.4 1,880.2 4,461.0 2,061.4 6,186.5 6,668.8
b) Advertising cost 689.4 573.0 806.9 630.2 1,248.7 768.5 1,437.3 871.2 1,372.9 1,579.3
c) Other expenditure 1,660.8 1,184.5 2,268.6 1,431.8 3398.0 2,099.0 4,490.8 2,415.7 6,465.9 7,120.9
4 Interest 647.3 67.5 653.2 68.3 1,207.5 124.4 1,258.5 126.2 572.7 577.8
5 Depreciation 189.6 177.0 257.0 187.9 371.6 350.2 323.4 369.7 1,101.1 1,154.3
6 Profit before taxation and exceptional items 1,658.0 475.7 1,826.4 380.6 2,040.1 1,493.8 2,977.1 1,502.3 6,034.4 5,849.4
7 Provision for taxation (net) 484.5 173.2 529.7 173.7 760.0 543.2 1,002.8 564.9 1,864.1 1,998.9
8 Deferred Tax ( net) 113.3 (16.7) 117.2 (16.7) (51.6) (47.6) 17.9 (47.6) (1.5) (80.5)
9 Fringe Benefit Tax 16.5 40.4 25.3 40.9 48.1 65.3 67.3 67.3 140.5 152.7
10 Net Profit after Tax and before exceptional items
1,043.7 278.8 1,154.2 182.7 1,283.6 932.9 1,889.1 917.7 4,031.3 3,778.3
11Exceptional item, net of tax 
- - -- - 183.8 -183.8183.5183.5
12 Net Profit 1,043.7278.81,154.2182.71,283.6749.1 1,889.1733.93,847.83,594.8
13Paid-up Equity Share Capital Face Value of Re. 1 per Share
1,607.8 1,458.3 1,607.8 1,458.3 1,607.8 1,458.3 1607.8 1,458.3 1,458.3 1,458.3
14 Reserves excluding Revaluation Reserve
- - - - - - - - 3,695.8 3,793.9
15 Dividend per Share (Rupees)
- - - - - - - - 0.5 -
16 Basic EPS before Exceptional item
0.6 0.2 0.6 0.1 0.7 0.6 1.0 0.6 2.8 2.6
Basic EPS after Exceptional item
0.6 0.2 0.6 0.1 0.7 0.5 1.0 0.5 2.6 2.5
Diluted EPS before Exceptional item
0.5 0.2 0.6 0.1 0.6 0.6 1.0 0.6 2.4 2.3
Diluted EPS after Exceptional item
0.5 0.2 0.6 0.1 0.6 0.5 1.0 0.5 2.3 2.2
17 Aggregate of Non-promoter Shareholding
- Number of Shares
61,447,720 58,333,330 61,447,720 58,333,330 61,447,720 58,333,330 61,447,720 58,333,330 46,498,720 46,498,720
-Percentage of share holding
38% 40% 38% 40% 38% 40% 38% 40% 32% 32%
Notes:
  1. Previous year's figures have been regrouped where necessary.
  2. The relevant Accounting Standards have been complied with.
  3. The results for the six months ended 30th June 2007 for Thomas Cook (India) Limited have been subjected to an audit by the statutory auditors in compliance with Clause 41 of the listing agreement with the Stock Exchanges.
  4. The above results were reviewed by the Audit Committee at its meeting held on 21st August 2007 and approved at the meeting of the Board of Directors held on that date.
  5. The results for the quarter are not comparable with the previous quarter due to a) the amalgamation of LKP Forex Ltd with the Company, effective 1st April 2006, b) Inclusion of results of Travel Corporation (India) Limited, which was acquired last year and exclusion of results of Hindustan Cargo Limited, which was sold off in the last year. c) Change in Accounting year end from October to December. Accordingly the previous year figures given in these results pertain to the second quarter end of last year which is from 1st February 2006 to 30th April 2006
  6. The Equity Shares of the Company of the face value of Rs. 10/- each were sub divided into Equity Shares of Re. 1/- each with effect from 21st May 2007, the Record Date fixed by the Board of Directors for the purpose. Accordingly, the dividend for the period ended 31st December 2006 and the earnings per share (EPS) of the corresponding quarter and six months ended 30th April 2006 and 14 months ended 31st December 2006 have been re-cast to make them comparable with earning per share of the current quarter.
  7. The Company has preference shares of Rs. 10,387.55 lakhs. Proportionate Dividend amount on these preference shares (including Corporate Dividend Tax) of Rs. 140.10 lakhs and Rs. 221.68 lakhs for the quarter and six months respectively has been considered in determining the EPS for the quarter and six months ended 30th June 2007.
  8. As on 1st April 2007 no investor complaints were pending. During the quarter ended 30th June 2007 ,16 investor complaints were received, which were duly resolved.
Place: Mumbai                                              For Thomas Cook (India) Limited
Date: 21st August, 2007                                              Madhavan Menon
                                             Managing Director

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