SPEL Semiconductor Limited

Audited Financial Results for the tear ended Mar 31, 2008

		(Rupees in Million)
No	Description	Year ended
No	Description	Mar 31, 2008	Mar 31, 2007
1.	Net Sales/Income from Operation	728.13	538.97
2.	Other Income	36.69	11.95
3.	Total Income (1+2)	764.82	550.92
4.	Total Expenditure
	a. Increase / Decrease in stock in trade and works in progress	(18.67)	(8.81)
	b. Consumption of Raw materials	310.74	228.36
	c. Purchase of traded goods	-	-
	d. Employee Cost	120.14	103.77
	e. Depreciation	60.67	42.62
	f. Other Expenditure	125.62	106.73
	g. Total	598.50	472.67
5.	Interest	27.90	14.58
6.	Exceptional items	29.21	0
7.	Profit(+)/Loss(-) from Ordinary activities before tax (3)-(4+5+6)	109.21	63.67
8.	Tax Expenses	36.10	24.55
9.	Net Profit(+)/Loss(-) from Ordinary activities after tax (7-8)	73.11	39.12
10.	Extraordinary items (net of tax expenses)	-	-
11.	Net Profit(+)/Loss(-) for the period (9-10)	73.11	39.12
12.	Paid-up Equity Share Capital [Face value of share Rs. 10/-each	461.33	454.51
13.	Reserves Excluding Revaluation Reserves as per balance sheet of
	previous accounting year	136.91	24.36
14.	Earnings per share (in Rs.)
	a. Basic and Diluted EPS before Extraordinary items for the
	period, for the year to date and for the previous year
	(not to be annualized)
	1. Basic	1.59	0.86
	2. Diluted	1.58	0.85
	a. Basic and Diluted EPS after Extraordinary items for the
	period, for the year to date and for the previous year
	(not to be annualized)
	1. Basic	1.59	0.86
	2. Diluted	1.58	0.85
15.	Public Shareholding
	a. Number of Shares	20306236	19624996
	b. Percentage of Shareholding	44.03%	43.19%

Audited Consolidated Financial Results for the year ended Mar 31, 2008

Notes

a.	The above results were reviewed by the Audit Committee and taken on record by the Board at its meeting held on Jun 20, 2008

b.	Previous year figures have been regrouped to make them comparable to the current year

c.	No Investor complaint was pending to be resolved at the beginning of the year. During the year complaints received :10, resolved 10, pending : Nil.
d.	The company has provided Deferred Tax in accordance with Accounting Standard 22

e.	Company has provided minimum alternative tax as per Income Tax Act, however taken credit of the same in pursuant to entitlement under Sec. 115JAA of IT Act

f.	Company has charged Rs.7.02 million in grant of ESOS - 2007 after netting off Rs.0.05 million pertaining to ESOS - 2005.

g.	Company followed the AS 11 in accounting its forward contract. The premium or discounts on forward contract is amortized over the life as income or expenses.
h.	Company has only one segment i.e Integrated Circuits. SPEL America Inc is an Integral Foreign operation of the holding Company relating to Integrated Circuits. The above consolidated profit and loss are related to Integrated Circuit segment only.
i.	Company has revalued its fixed assets at the end of the year. The surplus on revaluation of Rs.203.38 million (net) has been credited to revaluation reserve
j.	The non-moving stock to the extent of Rs.29.21 million, were written off during the year.




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