FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Section 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the date of March 4, 2008
000-51643
(Commission File Number)
PIXELPLUS CO., LTD.
(Translation of registrant’s name into English)
6th Floor, Gyeonggi R&DB Center
906-5 Iui-dong, Yeongtong-gu, Suwon-si
Gyeonggi-do, 443-766, The Republic of Korea
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by regulation S-T Rule 101(b)(1);
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by regulation S-T Rule 101(b)(7);
Indicate by check mark whether by furnishing the information contained on this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
Audit Result Release
1. | External Auditor’s Opinion and Condensed Non-Consolidated Financial Statements | |||||
Current Fiscal Year (2007) | Previous Fiscal Year (2006) | |||||
a. External Auditor’s Opinion | Unqualified | Unqualified | ||||
- Includes uncertainty of going concern | Yes | Yes | ||||
b. Condensed Non-Consolidated Financial Statements based on Korean GAAP (in Korean won) | ||||||
Total Assets | 18,996,174,480 | 30,556,192,259 | ||||
Total Liabilities | 8,400,129,558 | 12,759,990,401 | ||||
Total Shareholders’ Equity | 10,596,044,922 | 17,796,201,858 | ||||
Revenues | 17,283,841,604 | 26,584,062,071 | ||||
Operating Income (Loss) | (-)10,385,020,795 | (-)15,251,167,284 | ||||
Ordinary Income (Loss) | (-)7,914,400,933 | (-)17,370,732,472 | ||||
Net Income (Loss) | (-)7,914,400,933 | (-)17,370,732,472 | ||||
Basic EPS | (-)1,209 | (-)2,778 | ||||
2. | Name of External Auditor | Samjong KPMG | Ernst & Young HanYoung | |||
3. | Date of Audit Report Received | February 29, 2008 | March 29, 2007 |
* | This audit result release was prepared and is presented in accordance with Korean GAAP. Significant differences exist between Korean GAAP and U.S. GAAP, including accounting principles with respect to the consolidation of financial results of any subsidiary, which might be material to the non-consolidated financial information provided in this release. Investors should rely on the financial results of Pixelplus Co., Ltd. prepared and presented in accordance with U.S. GAAP. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Pixelplus Co., Ltd. | ||||||
By: | /s/ Hoang Taig Choi | |||||
Name: | Hoang Taig Choi | |||||
Title: | Chief Financial Officer | |||||
March 4, 2008 |