that, so therefore it is not an exact arithmetic where there is a model presented to you. So are you happy if I am delivering (+20%) ROCE? Agastya Dave: Very happy, it has been a substantial improvement over the last so many years, so kudos to you, I am not complaining, I am just wondering where the business is at. Also the last question from my side and I am off for the day, sir the Q2 number, the depreciation numbers and the interest numbers and the tax numbers, these are good indication for the remaining part of the year. I mean the trends are will be similar or will we see some more variations? Ashok Goel: See on depreciation I think more or less for this year most of our CAPEX has been front-ended. So I do not expect much of trend change as far as depreciation is concerned. The second question was on your finance cost, was it? Agastya Dave: Yes sir, the fixed cost elements in the P&L, are these trends similar after the divestment of the business. Are these trends roughly similar or stable? They are stable, there is no question but let me go back to Ashok Goel: the previous question. We understand that you are not complaining about 20:20:20. We also recognize that it is not a straight arithmetic if we do the modeling. If the lowest number we achieve 20, the others would possibly be higher
that, so therefore it is not an exact arithmetic where there is a model presented to you. So are you happy if I am delivering (+20%) ROCE? Agastya Dave: Very happy, it has been a substantial improvement over the last so many years, so kudos to you, I am not complaining, I am just wondering where the business is at. Also the last question from my side and I am off for the day, sir the Q2 number, the depreciation numbers and the interest numbers and the tax numbers, these are good indication for the remaining part of the year. I mean the trends are will be similar or will we see some more variations? Ashok Goel: See on depreciation I think more or less for this year most of our CAPEX has been front-ended. So I do not expect much of trend change as far as depreciation is concerned. The second question was on your finance cost, was it? Agastya Dave: Yes sir, the fixed cost elements in the P&L, are these trends similar after the divestment of the business. Are these trends roughly similar or stable? Ashok Goel: They are stable, there is no question but let me go back to the previous question. We understand that you are not complaining about 20:20:20. We also recognize that it is not a straight arithmetic if we do the modeling. If the lowest number we achieve 20, the others would possibly be higher
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