Statement of Profit and Loss for 20X1 :

The Statement of Profit and Loss of Delta Company for the year 20X1 can be presented as follows:

(Amount in Rs. lakhs)

	20X1		20X0
Turnover		140		150
Operating expenses		(92)		(105)
Impairment loss		(20)		(—)
Pre-tax profit from operating activities		28		45
Interest expense		(15)		(20)
Profit before tax		13		25
Profit from continuing operations before tax (see Note 5)	15		12
Income tax expense	(7)		(6)
Profit from continuing operations after tax		8		6
Profit (loss) from discontinuing operations before tax (see Note 5)	(2)		13
Income tax expense	1		(7)
Profit (loss) from discontinuing operations after tax		(1)		(6)
Profit from operating activities after tax		7		12