WALCHAND PEOPLEFIRST LIMITED
PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED MARCH 31, 2006
			For the Year Ended	For the Year Ended
	Schedule		31.03.2006	31.3.2005
			Rupees in Lacs	Rupees in Lacs
INCOME :
Dividend & Interest	L	98.03		28.74
Profit from Sale of Investments		57.19		33.34
Consideration for Exchange of Shares in the		-		119.50
Scheme of Arrangement
Dale Carnegie Training Income		312.50		151.39
(Tax Deducted Rs.13.53 Lacs  P. Y.  Rs.6.19 Lacs )
Website development & maintenance Fees		3.60		4.20
(Tax Deducted Rs. 0.08 Lacs P. Y. Rs. 0.23 Lacs )
Other Income	M	115.51		559.35
	TOTAL		586.83	896.52
EXPENDITURE :
Employees' Remuneration & Other Expenses	N	498.10		339.82
Loss on Sale Of Investments		19.29		253.43
Interest		1.64		0.21
Depreciation, Amortisation & Impairment		39.16		33.15
	TOTAL		558.19	626.61
PROFIT/ LOSS BEFORE TAXATION			28.64	269.91
Provision for Fringe Benefit Taxes			5.06	3.58
Provision for  Taxes			3.24	-
Provision for Tax Earlier years			-	3.53
Provision for Wealth Tax - Earlier Years				-
Provision for Taxation - Deferred			-	-
PROFIT /  LOSS  After Taxes For The Year			20.34	262.80
Provision for Income Tax Written back ( earlier years )			14.66	-
NET PROFIT/LOSS			35.00	262.80
Balance as per Last account			453.26	190.46
AMOUNT AVAILABLE FOR APPROPRIATION			488.26	453.26
APPROPRIATIONS :
Interim Dividend		14.24		-
Interim Dividend Tax		2.00		-
Proposed Dividend		14.24		-
Proposed Dividend Tax		2.00		-
			32.48	-
Balance carried to Balance Sheet			455.79	453.26
NOTES FORMING PART OF ACCOUNTS	O
As per our separate report attached.
For Haribhakti  & Co.		PALLAVI JHA
Chartered Accountants		Chairperson & Managing Director
		M. N. BHAGWAT
		Director
		V K VERMA
		Director
CHETAN DESAI		SANJAY JHA
Partner		Director
		KAMALINI BAHUBALI
		Director
		SANDHYA MALHOTRA
		Company Secretary
		SADANAND MARATHE
Mumbai		Associate Vice President - Finance
Date : 28th April 2006