Ponni Sugars - Balance Sheet

Financials

Audited Financial Results for the year ended 31.03.2008

(Rs.Lakhs)

Description	Year ended 31.03.2008	Year Ended 31.03.2007
Net Sales	14028	13937
Other Income	373	105
Total Income	14401	14042
Expenditure :
(a) (Increase) / Decrease in stock in trade & work in progress	440	(221)
(b) Consumption of materials	11418	10482
(c) Employee cost	740	678
(d) Depreciation	282	245
(e)Other Expenditure	1826	1861
(f)Total	14706	13045
Interest	112	139
Exceptional items	(108)	0
Profit / (Loss) From Ordinary activities before tax	(309)	858
Tax Expenses	(121)	368
Net Profit / (Loss) for the period	(188)	490
Paid-up Equity Share Capital	820	820
(Face Value : Rs. 10 Per Share)
Reserves excluding Revaluation Reserves	2685	2931
Basic & Diluted EPS (Rs.)
- Before exceptional items	(3.07)	5.97
- After exceptional items	(2.29)	5.97
Public Shareholding
- Number of Equity shares	4725280	4725280
- Percentage of shareholding	57.64	57.64

Notes :

The Board has recommended 6% dividend on Equity shares for 2007-08.
Steep fall in sugar price has severely dented margins for the year.
Incentives / Subsidies of Rs.620 lakhs has been recognized pursuant to writ Petition filed challenging unlawful retention of same by Goverment.
Number of investor complaints for the quarter ended 31-03-2008: Begining - Nil, Received - Nil, Disposed - Nil and Pending - Nil.
The above results were reviewed by the Audit Committee and approved by the Board of Directors at the respective meetings held on 06.06.2008.