Forbes Gokak maintains satisfactory performance in 2006-07 despite difficulties - separate company Gokak Textiles Ltd formed

摘要

In addition, upon the sale of the properties of the company at Chennai and Vadodara, an amount of Rs 65.29 crores representing revaluation component, has been transferred from Revaluation Reserve to General Reserve. Provision required for bad and doubtful debts, a chartering loss of Rs 14.54 crores, including a higher depreciation charge by Rs 3.59 crores and adverse impact of the continuous and substantial adverse US$/Rupee rate have affected results for the year. But for these, the results would have been comparable to those of the previous year.