Quarterly Financial Report as of 31-12-2008

ABANS ELECTRICALS PLC
INTERIM
FINANCIAL STATEMENTS
Nine Months Ended 31st December 2008

ABANS ELECTRICALS PLC
INCOME STATEMENT
Qtr Ended Qtr Ended 9 Mnths Ended 9 Mnths Ended Qtr
31-12-2008 31-12-2007 31-12-2008 31-12-2007 Variance
Rs Rs Rs Rs
Turnover 717,151,217 507,261,612 1,629,069,690 1,315,844,248 41.38%
Cost of Sales (639,172,764) (457,272,586) (1,427,326,083) (1,171,597,427) 39.78%
Gross Profit 77,978,453 49,989,026 201,743,607 144,246,821 55.99%
Other Income 3,923,167 4,439,757 14,015,245 12,486,096 -11.64%
Distribution Expenses (14,945,187) (9,446,737) (37,671,693) (26,814,004) 58.20%
Administrative Expenses (26,449,050) (26,449,802) (87,938,096) (71,733,407) 0.00%
Profit From Operations 40,507,383 18,532,244 90,149,063 58,185,506 118.58%
Finance Charges (40,696,233) (15,459,148) (93,495,788) (48,293,383) 163.25%
Net Profit Before Tax (188,850) 3,073,096 (3,346,725) 9,892,123 -106.15%
Income Tax - - - -
Net Profit After Tax (188,850) 3,073,096 (3,346,725) 9,892,123 -106.15%
Basic Earnings/Share -0.09 1.44 -1.57 4.65

ABANS ELECTRICALS PLC
BALANCE SHEET
REPRESENTED BY 31-12-2008 31-03-2008
Rs.
Rs.
Assets
Non Current Assets
Property Plant and Equipments 234,678,802 246,748,404
Investments 11,454,000 11,454,000
Fixed Deposit 3,019,208 3,019,207
Deferred Tax 128,722 128,722
249,280,732 261,350,333
Current Assets
Inventories 411,656,713 293,008,888
Trade Debtors and Other Receivables 285,462,521 130,513,544
Amounts Due from Related Parties 727,205,063 365,779,740
Cash at Bank and in Hand 7,692,936 7,235,288
1,432,017,233 796,537,460
Total Assets 1,681,297,965 1,057,887,793
Equity and Liabilities
Capital and Reserves
Stated Capital (No of Shares 2,129,400) 27,027,000 27,027,000
Capital Reserves 2,100,000 2,100,000
Revenue Reserves 148,235,740 157,970,665
Total Equity 177,362,740 187,097,665
Non Current Liabilities
Loan From Abans Limited 115,000,000 100,000,000
Interest Bearing Borrowings 69,496,231 30,460,241
Retirement Benefit Obligation 27,612,691 24,679,323
212,108,922 155,139,564
Current Liabilities
Trade and Other Payables 927,009,845 607,247,318
Amount Due to Related Parties 206,648,468 33,043,710
Interest Bearing Borrowings 45,917,557 14,886,359
Bank Overdraft 112,250,434 60,473,177
1,291,826,303 715,650,564
Total Equity and Liabilities 1,681,297,966 1,057,887,793

ABANS ELECTRICALS PLC
CASH FLOW STATEMENT
9 Mnths 9 Mnths
31.12.2008 31.12.2007
Rs.
Rs.
Net Profit Before Interest and Taxation 90,149,063 58,185,505
Adjusted For:
Depreciation 18,079,746 12,063,067
Gratuity 4,407,289 4,778,080
Bad Debts 4,050,000 2,400,000
Cash Flow from Operating Activities 116,686,097 77,426,652
Before Working Capital Changes
(Increase) / Decrease in Receivables (135,039,754) (68,817,428)
(Increase) / Decrease in Inventories (118,647,828) (90,788,490)
(Increase) / Decrease in Related Party Transactions (188,171,947) 90,417,515
Increase / (Decrease) in Payables 323,749,628 54,810,616
Cash Generated from Operations (1,423,804) 63,048,864
Interest and Bank Charges Paid (80,259,873) (46,913,485)
Gratuity Paid (1,473,921) (1,148,219)
Income Tax Paid (8,534,512) (7,970,669)
Dividend Paid (6,388,200) (5,323,500)
Net Cash from Operating Activities (98,080,310) 1,692,990
Cash Flow from Investing Activities
Purchase of Property Plant and Equipments (6,010,144) (61,468,792)
Net Cash used in Investing Activities (6,010,144) (61,468,792)
Cash Flow from Financing Activities
Lease Repayment (3,152,126) (3,169,284)
Net Loan Receipts / (Payments) 55,922,973 32,686,029
Net Cash used in Financing Activities 52,770,847 29,516,745
Net Increase/ (Decrease) in Cash and Cash Equivalents (51,319,608) (30,259,057)
Cash and Cash Equivalents at the Beginning of the Period (53,237,890) (88,039,098)
Cash and Cash Equivalents at the End of Period (104,557,498) (118,298,155)

ABANS ELECTRICALS PLC
NOTES TO THE FINANCIAL STATEMENTS
Statement of Changes in Equity Stated Other Accumulated Total
Capital Reserves Profit
Rs. Rs. Rs. Rs.
Balance as at 01/04/2007 27,027,000 2,100,000 155,892,138 185,019,138
Net Profit / Loss for the Period 9,892,123 9,892,123
Dividend Paid for 2006/2007 (5,323,500) (5,323,500)
Balance as at 31/12/2007 27,027,000 2,100,000 160,460,761 189,587,761
Balance as at 01/04/2008 27,027,000 2,100,000 157,970,665 187,097,665
Net Profit / (Loss) for the Period (3,346,725) (3,346,725)
Dividend Paid for 2007/2008 (6,388,200) (6,388,200)
Balance as at 31/12/2008 27,027,000 2,100,000 148,235,740 177,362,740
1
The Company has followed the same Accounting Policies and Methods as disclosed in the Annual Report for
the year ended 31st March 2008
2 The above figures are provisional and subject to Audit
3 There have been no event subsequent to the interim period , which require disclosure in the Interim Financial
Statements.
Qtr Ended Qtr Ended Year to Year to
31.12.2008 31.12.2007 31.03.2008 31.03.2007
Rs. Rs. Rs. Rs.
Net Assets Per Share 83.29 89.03 87.86 86.89
Market Price per Share
- Highest (for the Quarter) 73.00 96.00 96.00 122.00
- Lowest (for the Quarter) 50.00 72.25 66.50 81.00
- Last Traded Price 50.00 93.50 81.75 91.50
(Sgd) Mr.R.Pestonjee
Director
(Sgd) Mr. C.A Fernando
Director

Name of the Company : Abans Electricals PLC
Legal Form : Public Limited Company
Registration No : PQ 188
Registerd office : No 498, Galle Road, Colombo 3.
Manufacturing Department : No 126, Airport Road, Ratmalana.
Service Department : No 568B, Galle Road, Colombo 6.
Directorate : Mrs. Aban Pestonjee (Chairperson & Managing Directress)
Mrs. S. Dubash
Mr. B. Pestonjee
Mr. R. Pestonjee
Mr. C. A Fernando
Mr. A. Raffel
Prof. Lakshman R. Watawala (Non- Executive Director)
Mrs. Priyanthi peries (Non- Executive Director)
Secretaries : Varners International (Pvt ) Ltd
Level 14, West Tower,
World Trade Centre , Echelon Square, Colombo 1
Lawyers : Varners
Level 14, West Tower,
World Trade Centre , Echelon Square, Colombo 1
Auditors : SJMS Associates
Chartered Accountants
No 2, Castle Lane, Colombo 4
E- Mail : fmael@abansgroup.com (Manufactiring Dept)
corporate@abanservice.com (Service Dept)
Telephone No : 2565265 - Registered office
4205024/ 2632721 - Manufacturing Dept
4357100 , 4313500 - Service Dept
Fax No : 2635157 (Manufacturing Dept)
4527474 (Service Dept)
Web Site : www.abansgroup.com