sai television ltd share price Management discussions


SAI TELEVISIONS LIMITED ANNUAL REPORT 2006-2007 MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS REVIEW AND OUTLOOK: The Company could not generate any revenue during the year due to absence of any operations. Your Company continues to explore steps to improve the performance. Considering the current situations, there may not be significant developments in the coming year. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY: The Companys systems and internal controls address the following: - Operational efficiency - Protection and conservation of resources - Accuracy and promptness in financial reporting - Compliance with laws and regulations The Audit Committee of the Board of Directors reviews the internal audit reports and the adequacy of internal controls. FINANCIAL PERFORMANCE: Rs. in lakhs Particulars 31.03.2006 31.03.2006 31.03.2005 Income from operation - - - Other Income - - - Operating Expenses 162.16 21.92 20.11 Profit / (Loss) before (162.16) (21.92) (20.11) Depreciation and Taxation Depreciation 1.72 2.04 2.04 Profit / (Loss) before taxation (163.88) (23.96) (22.16) Provision for Taxation: Deferred Tax Asset / (Liability) 6.83 6.93 7.53 Profit / (Loss) after Tax (157.06) (17.02) (14.63) Prior Period Adjustment - - - Balance of Profit / (Loss) (157.06) (17.02) (14.63) Balance Profit / (Loss) brought Forward (701.73) (684.71) (670.09) Net Profit / (Loss) carried to Balance Sheet (858.78) (701.73) (684.72)