AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 30.06.2002
(Rs. IN LAKHS
S.NO PARTICULARS AUDITED FIGURES FOR THE CURRENT YEAR ENDED
30.06.2002 		AUDITED FIGURES FOR THE PREVIOUS YEAR ENDED
30.06.2001
1 NET SALES/INCOME FROM OPERATIONS 1158.25 1278.88
2 OTHER INCOME 5.85 47.17
3 TOTAL EXPENDITURE    
  (A) INCREASE / DECREASE IN STOCK IN TRADE    
  (B) CONSUMPTION OF RAW MATERIALS    
  (C) STAFF COSE 318.38 343.39
  (D) OTHER EXPENDITURE             611.22              546.61
  (E) PROVISION FOR IMPLEMENTATION EXPENDITURE - -
  (F) PROVISION FOR AMC EXPENSES                        20.00
  (G) YEAR AND ADJUSTMENTS                             2.50
  (ANY ITEM EXCEEDING 10% OF THE TOTAL EXPENDITURE TO BE SHOWN SEPARATELY)    
4 INTEREST 5.23 36.31
5 DEPRECIATION 116.88 139.23
6 PROFIT(+)/LOSS(-) BEFORE TAX(1+2-3-3-5) 112.59 238.02
7 PROVISION FOR TAXATION - -
8 NET PROFIT(+)/LOSS  (6-7) 112.59 238.02
9 PAID-UP EQUITY SHARE CAPITAL  ( FACE VALUE OF THE SHARE SHALL BE INDICATED) 1,629.28 1,629.28
10 RESERVES EXCLUDING REVALUATION RESERVES (AS PER BALANCE SHEET) OF PREVIOUS YEAR ACCOUNTING YEAR TO BE GIVEN IN COLUMN (5)  1,140.18 1,143.12
11 BASIC AND DILUTED EPS (IN RS)FOR THE PERIOD, FOR THE YEAR TO DATE AND FOR THE PREVIOUS YEAR  
(NOT TO BE ANNUALIZED ) 		0.69 1.46
12 ( APPLICABLE FOR HALF YEARLY FINANCIAL RESULTS) AGGREGATED OF NON PROMOTING SHAREHOLDING  
 - NO OF SHARES
- PERCENTAGE OF SHAREHOLDING                    		 12249600.00 
75.18 		 

Notes:
1 The above Statement of audited financial results was taken on record by the Board of Directors at their Meeting held on 27th September, 2002. Figures have been regrouped wherever necessary.
2 Provisions:
- No provision has been made for Income Tax as there was no liability as on 31-03-2002
- The Company provides depreciation on Computer Harder on an accelerated basis according to which the cost of Computer Harder would be written off over a period of 3 years. On account of this policy the depreciation charged is higher than statutory requirement by Rs.23.09 lacs more for the year ended 30.06.2002 and Rs.7.55 lacs more for the quarter ended 30.06.2002 and the net profit is understated to the same extent. The amortization of product expenditure is made proportionate to the number of copies sold.
- Additional provisions and write offs pertaining to prior period amounting to Rs.60.00 lacs have been made which are irrecoverable.
3 The Annual General Meeting of the Company will be held on 20.12.2002.
4 The Company's book closure is slated to be from 14.12.2002 to 20.12.2002

The audit committee considered the audited accounts for the year ended 30.06.2002 at its meeting held on 25.09.2002
   
   
  For and on behalf of the Board of
SYNERGY LOG-IN SYSTEMS LIMITED

 
Place : Chennai V.SANJAY KUMAR
Date   : 27th September 2002 MANAGING DIRECTOR

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