Un-Audited Financial Results for the Quater ended ended
31st December, 2007
(
Amount in Lacs )
S.
No
PARTICULARS
Quarter
Ended
Half
Year Ended
Year
Ended
Unaudited
Reviewed
Unaudited
Reviewed
(
Audited )
31st
Dec '07
31st
Dec '07
31st
Dec '07
31st
Dec '07
31st
March '07
1
Net
Sales/Income From Operations
24.10
30.22
42.38
93.85
103.00
2
Other
Income
8.19
38.26
88.25
193.77
233.82
3
Total
Income(1+2)
32.29
68.48
130.63
287.62
336.82
4
Expenditure
a)
Employee Cost
10.45
18.48
22.49
35.20
71.85
b)Depriciation
2.00
17.00
45.00
60.54
92.92
c)Other
Expenditutre
32.90
25.21
102.25
298.98
300.24
d)Total
45.35
62.50
180.19
415.01
465.01
5
Interest
15.90
38.74
71.79
126.44
155.87
6
Exceptional
Items
-
-
-
-
(138.28)
7
Profit/(Loss)
from ordinary activities before Tax & Provisions (3)-(4+5+6)
(28.96)
(32.76)
(121.35)
(253.83)
(284.06)
8
Tax
Expenses
(0.47)
(0.32)
(1.74)
(1.76)
(2.32)
9
Net
Profit/(Loss) for the period (7-8)
(29.43)
(33.08)
(123.09)
(255.59)
(424.66)
10
Extraordinary
Items(net of tax expenses Rs.)
-
-
-
-
-
11
Net
Profit / ( Loss ) for the period (9-10)
(29.43)
(33.08)
(123.09)
(255.59)
(424.66)
12
Paid
Up Equity Share Capital (Face value of share shall be indicated)
1021.30
1021.30
1021.30
1021.30
1021.30
13
Reserves
excluding Revaluation Reserves as per Balance sheet of previous accounting year
-
-
-
-
(172.56)
14
Earning
Per share (EPS)
a)
Basic & Diluted EPS before Extraordinary items for the period for the year
to date and for the previous year (not to be annualised)
(0.29)
(0.32)
(1.21)
(2.50)
(4.16)
b)Basic
& Diluted EPS after Extraordinary items for the period for the year to date
and for the previous year (not to be annualised)
(0.29)
(0.32)
(1.21)
(2.50)
(4.16)
15
Public
Shareholding
-
Number of Shares
4808716
4715338
4808716
4715338
4598772
-Percentage
of Shareholding
47.14%
46.23%
47.14%
46.23%
45.08%
Notes:
The above results, as reviewed by Audit committee, have been taken on
record at a meeting of the Board of directors held on Thursday the 31st January,
2008. These results will be subjected to 'Limited Review' by the Auditors.
Segment reporting as defined in Accounting Standard (AS) - 17 is not applicable,
since the entire operation of the company relates to only one primary reportable
segment i.e Providing Finance by way of Hire Purchase & Leasing Operations.
Provision
for Non-Performing assets as required in terms of Non-Banking Financial Companies
Prudential Norms (Reserve Bank) Directions, 1988, as amended, shall be considered
in the audited accounts for the year ended March 31, 2008.
In compliance
of Accounting Standard 'AS - 22' on Accounting for Taxes on Income issued by the
Institute of Chartered Accountants of India and considering brought forward unabsorbed
tax losses/depreciation/calculation of deferred/provisions for taxation, if any,
has not been considered in the above said un-audited financial results.
The
Auditor's observations in their report on Audited Accounts for the year ended
31.3.2006 relates to (i) Accounting of Overdue charges on Hire-Purchase/Lease
receivables and Bill discounting respectively, on realisation basis in view of
uncertainties thereof. Management's comments : i) Overdues are accounted
for as per reasons stated above ii)Long Term Investments are consistently valued
at cost, based on their intrinsic net worth.
Information on Investor Complaints
for quarter ended 31.12.2007: Pending on October 1,2007-Nil, Received & Resolved
during the quarter-Nil and pending as on December, 31, 2007- Nil.
Figures
of previous periods have been regrouped / reclassified wherever necessary.
Date : 31st January, 2008 Place : New
Delhi
By
Order of the Board For INDIA
LEASE DEVELOPMENT LIMITED
