Year Ended March 31, 2008 - Lumax Auto Technologies Ltd.

20. Related Party Disclosures:The information about transactions with the related parties is attached herewith - As Per Annexure “C”21. Earnings Per Share:S.No. Particulars Year ended31.03.2008Year ended31.03.2007a) Profit After Tax as per Profit & Loss Account (Rs.) 11,90,59,500 6,13,66,087b)No. of Equity Shares(Face Value Rs.10/- each)For Basic Earnings per Share 1,16,31,541 88,91,986For Diluted Earnings Per Share 1,16,31,541 92,94,775c) Earnings Per Share:- (Rs.)Basic 10.24 6.90Diluted 10.24 6.6022. Earning / Outgo In Foreign Currency:ParticularsYear ended31.03.2008(Amount in Rs)Year ended31.03.2007Payment in Foreign CurrencyTesting Fee 3,56,001 2,40,970Technical Know-how 13,15,125Royalty 20,59,772 7,75,485Commission to Agents 11,327 -Traveling 3,87,815 55,914Total 28,14,915 23,87,494Earning in Foreign Currency 2,43,81,483 -23. The value of stock of finished goods of Subsidiary company lying at the year ended includes excise duty amounting toRs. 1,592/- (Rs. 360,430/-). This has no effect on the profit for the year24.The total expenditure incurred on Research and Development:Year ended31.03.2008(Amount in Rs)Year ended31.03.2007Nature of ExpensesExpenditure charged to profit and loss account (Salary allowances & Cont. of P.F. ) 1,337,166 -Expenditure capitalised during the year 4,301,883 33,73,32925. Previous year’s figures have been regrouped or rearranged wherever necessary to make them comparable with thecurrent year’s figures.As per our report of even dateFor D. R. Barve & CompanyChartered AccountantFor and on behalf of the Board of Directors of Lumax Auto Technologies Ltd.CA D. R. BarveProprietorM. No. 17661D. K. JainChairmanUsha JainManaging DirectorPlace : GurgaonDate : June 28, 2008Ashish DubeyHead FinanceMilita BharCompany Secretary86