Particulars

Year Ended
31.03.2005

Year Ended
31.03.2004

INCOME

Domestic Sales

58,433,497

44,161,183

Export Sales

247,355,409

129,372,615

Other Income

1,640,654

1,425,263

Increase / (Decrease) in Closing Stock

- 

(3,218,600)

Total - A

307,429,560

171,740,461

EXPENDITURE

Software development expenses

237,919,686

149,710,784

Administrative expense

34,955,362

19,130,198

Bad debts

656,680

   8,485,524

Financial Charges

4,369,117

4,536,929

Preliminary Expenses written off

  -

  -

Depreciation

7,284,196

10,710,645

Total - B

285,185,041

192,574,080 

Profit/ (Loss) before Tax 

 22,244,519

  (20,833,619)

Less: Provision for tax

  -

-

Profit / (Loss) after Tax 

22,244,519

(20,833,619)

Add: Deferred Tax Asset/Liability Adjustment

(10,903,333)

6,850,994

Profit/(Loss) after current & deferred Tax adjustment

 11,341,186

(13,982,625)

Add previous year Surplus/Loss

  (69,240,879)

  (55,258,254)

Profit / ( Loss) transferred to Balance sheet

  (57,899,693)

 (69,240,879)

Earnings per share

(Equity shares, par value Rs.10 each)

Basic

  2.27

  (2.80)

Diluted

  2.27

  (2.80)

  (57,899,693)

  (69,240,879)