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Ace Software Exports Limited |
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Regd. Office: 801, "Everest", Opp. Shastri Maidan, Rajkot-360 001. |
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Audited Financial Results for the year ended 31st March, 2003. |
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(Rs. In Lacs) |
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Sr. |
Particulars |
Quarter |
Quarter |
Year Ended |
Year Ended |
Consolidated |
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1 |
Income From Operations |
78.22 |
111.80 |
421.84 |
530.77 |
476.59 |
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2 |
Other Income |
5.63 |
8.99 |
41.76 |
28.94 |
42.28 |
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3 |
Total Expenditure |
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(A) (Increase)/Decrease in stock |
(42.32) |
9.76 |
(4.02) |
67.22 |
9.04 |
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(B) Contract Charges |
19.20 |
19.32 |
70.20 |
77.77 |
70.20 |
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(C) Software Charges |
45.41 |
31.00 |
138.12 |
139.93 |
137.05 |
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(D) Staff Cost |
12.20 |
9.92 |
36.66 |
41.10 |
49.40 |
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(E) Other Expenditure |
32.54 |
14.33 |
105.16 |
80.71 |
127.12 |
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4 |
Interest |
- |
- |
- |
- |
- |
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5 |
Depreciation & other w/off |
11.42 |
13.55 |
49.06 |
51.06 |
56.53 |
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6 |
Profit Before Tax |
5.40 |
22.91 |
68.42 |
101.92 |
69.53 |
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7 |
Provision For Taxation |
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- Current |
- |
- |
- |
- |
0.09 |
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- Deferred |
3.25 |
- |
12.99 |
2.55 |
13.69 |
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8 |
Net Profit After Tax |
2.15 |
22.91 |
55.43 |
99.37 |
55.75 |
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9 |
Paid up Equity Share Capital |
500.00 |
500.00 |
500.00 |
500.00 |
500.00 |
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(Face Value per Share in Rs.) |
10.00 |
10.00 |
10.00 |
10.00 |
10.00 |
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10 |
Reserves Excluding Revaluation Reserves |
493.50 |
438.10 |
494.78 |
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11 |
Basic EPS for the Period |
0.04 |
0.46 |
1.11 |
1.99 |
1.12 |
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Diluted EPS for the Period |
0.04 |
0.40 |
0.97 |
1.74 |
0.98 |
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12 |
Segment Capital Employed |
1000.50 |
945.10 |
1000.50 |
945.10 |
1005.78 |
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13 |
Aggregate of non-promoter Share holding |
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(a) No. of Shares |
2,968,075 |
2,996,455 |
2,968,075 |
2,996,455 |
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(b) Percentage of shareholding |
59.36% |
59.93% |
59.36% |
59.93% |
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Notes:
1. The above results were approved and taken on record at the meeting of the Board of Directors held on June 16, 2003.
2. The above figures have been regrouped, rearranged wherever necessary.
3. The Co.'s operations fall under single segment namely "Computer Software and Services Exports".
4. The consolidated results have been prepared in line with the requirements of Accounting Standard-21 - "Consolidated financial statements".
5. Since it is the first year of adoption of Accounting Standard-21, consolidated figures have been given for 2002-03 only
6. The amount of deferred Tax liability has been apportioned over four quarters of 2002-03.
7. The Directors do not recommend any dividend for the year 2002-03.
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Place: Rajkot |
For and on behalf of the Board |