Jun.'05 SR

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" height=90 BGCOLOR="#006699" TEXT="#080000" background="043d05a3.jpg"> <div> <FONT SIZE="5" COLOR="#000000" FACE="Arial" ><B>MORGAN VENTURES LIMITED</B></FONT><B>    </B><B> |     </B><A HREF="index.htm" TARGET="_top" TITLE="MORGAN VENTURES LIMITED"><B>home</B></A></div> <div> <A HREF="id23.htm" TARGET="_top" TITLE="Sep. 04 SR">Sep. '04 SR</A>   |   <A HREF="id38.htm" TARGET="_top" TITLE="Dec. 04 SR">Dec. '04 SR</A>   |   <A HREF="id44.htm" TARGET="_top" TITLE="Mar. 05 SR">Mar. '05 SR</A>   |   <B>Jun.'05 SR </B><B>  I </B><A HREF="id60.htm" TARGET="_top" TITLE="Sep05 SR"> Sep.'05 SR</A></div> <div> </div> </td> </tr><tr> <td valign="top" height=390 BGCOLOR="#FFFF99" TEXT="#080000"> <div> <I>Jun.'05 SR </I></div> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="813" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP COLSPAN=5 HEIGHT= 20 ><NOBR><div> <B>Segmentwise Revenue,Results and Capital Employed under Clause 41 of the Listing Agreement</B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="284" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><div> (Rs.in lacs)</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 39 WIDTH="284"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="284" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="120"><div> <B>Unaudited Results</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>Unaudited Results</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>Unaudited Results </B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B>Audited Results</B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="284" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div>  for the Quarter </div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div>  for the Quarter </div> </NOBR></tD> <tD VALIGN=TOP WIDTH="129"><div>  for the Year </div> </tD> <tD VALIGN=TOP WIDTH="121"><div> for the Year</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 39 WIDTH="284"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="284" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="120"><div> <B>Ended 30.06.2005</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>Ended 30.06.2004</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>Ended 30.06.2005</B></div> </tD> <tD VALIGN=TOP WIDTH="121"><div> <B>Ended 30.06.2004</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="284" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="284"><div> <B>Segment Revenue</B></div> </tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Fee Based Activities</div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 2.69</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Fund Based Activities</div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 25.32</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 1.77</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 81.80</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 53.16</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Capital Market Activities</div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 7.07</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 1242.67</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 838.88</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Windmill Operation </div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 104.42</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 14.44</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 162.88</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 65.70</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="284"><div> <B>Total Segment Revenue</B></div> </tD> <tD VALIGN=TOP WIDTH="120"><div> <B>129.74</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>23.28</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>1487.34</B></div> </tD> <tD VALIGN=TOP WIDTH="121"><div> <B>960.43</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 ><NOBR><div> Less : Inter Segment Revenue</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="120"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 0.00</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 ><NOBR><div> <B>Net Sales/Income form Operations </B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="120"><div> <B>129.74</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>23.28</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>1487.34</B></div> </tD> <tD VALIGN=TOP WIDTH="121"><div> <B>960.43</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="284" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="284"><div> <B>Segment Results </B></div> </tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 ><NOBR><div> <B>(Profit before Interest and Tax)</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Fee Based Activities</div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> -0.10</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> -1.09</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Fund Based Activities</div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 17.40</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> -0.02</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 42.61</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 46.77</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Capital Market Activities</div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 28.37</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 1230.29</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 503.91</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Windmill Operation </div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 71.31</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> -74.09</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 30.41</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 2.98</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="284"><div> <B>Total Segment Results</B></div> </tD> <tD VALIGN=TOP WIDTH="120"><div> <B>88.71</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>-45.84</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>1303.31</B></div> </tD> <tD VALIGN=TOP WIDTH="121"><div> <B>552.57</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Less : Interest Expense</div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.07</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 5.04</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 10.14</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 ><NOBR><div> Less : Unallocable Expenditure</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="120"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.45</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.82</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 0.78</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="284"><div> <B>Total Profit Before Tax</B></div> </tD> <tD VALIGN=TOP WIDTH="120"><div> <B>88.71</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>-46.36</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>1297.45</B></div> </tD> <tD VALIGN=TOP WIDTH="121"><div> <B>541.65</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="284" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 39 WIDTH="284"><div> <B>Capital Employed (Segment Assets less </B></div> </tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="39" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="284"><div> <B>Segment Liabilities)</B></div> </tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Fee Based Activities</div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 166.26</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 166.26</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Fund Based Activities</div> </tD> <tD VALIGN=TOP WIDTH="120"><div> -294.24</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> -882.31</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> -294.24</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> -879.34</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Capital Market Activities</div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 1485.35</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 1227.06</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 1485.35</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 1377.76</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><div> Windmill Operation </div> </tD> <tD VALIGN=TOP WIDTH="120"><div> 2049.93</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 1283.33</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 2049.93</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 1215.68</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 ><NOBR><div> <B>Total Capital Employed in Segments</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="120"><div> <B>3241.04</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>1794.34</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>3241.04</B></div> </tD> <tD VALIGN=TOP WIDTH="121"><div> <B>1880.36</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 ><NOBR><div> Add : Unallocable Corporate Assets</div> </NOBR></tD> <tD VALIGN=TOP WIDTH="120"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="129"><div> 0.00</div> </tD> <tD VALIGN=TOP WIDTH="121"><div> 0.00</div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 39 WIDTH="284"><div> <B>Total Capital Employed in the Company</B></div> </tD> <tD VALIGN=TOP WIDTH="120"><div> <B>3241.04</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>1794.34</B></div> </tD> <tD VALIGN=TOP WIDTH="129"><div> <B>3241.04</B></div> </tD> <tD VALIGN=TOP WIDTH="121"><div> <B>1880.36</B></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="284" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 20 WIDTH="284"><div> <B>Notes :</B></div> </tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="20" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 19 WIDTH="284"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="284" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="120"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="120" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="129"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="129" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="121"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="19" ALIGN="bottom" WIDTH="121" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP COLSPAN=5 HEIGHT= 19 ><NOBR><div> 1. Previous year figures have been regrouped/rearranged wherever considered necessary.</div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP COLSPAN=5 HEIGHT= 19 ><NOBR><div> 2. Segments have been identified in line with the Accounting Standard on Segment Reporting. </div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP COLSPAN=5 HEIGHT= 57 WIDTH="795"><div> 3. Segment Revenue,Results and Capital Employed figures include the respective amounts identifiable to each of the segments.Unallocable  expenditure  includes expenses  incurred at a  corporate level which relate to the company as a whole.</div> </tD> </tR> </TABLE></div> <bR> </td> </tr></table></body>