Annual Report 2011 - Ballarpur Industries Limited
Annual Report 2011 - Ballarpur Industries Limited
Annual Report 2011 - Ballarpur Industries Limited
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ScheDUleS "a" tO "l" attached to and forming part of the balance sheet as at June 30, <strong>2011</strong><br />
10. the provision for taxation for the year is the aggregate of the provision made for nine months ended 31.03.11 and three months ended 30.06.11.<br />
the ultimate tax liability shall however be based on the previous year as defined in the Income tax Act, 1961. the deferred tax Assets and<br />
Liabilities as on 30.06.11 and 30.06.10 comprising timing difference on accounts of :-<br />
Particulars 30.06.11<br />
Deferred tax asset<br />
Signature of schedules "A" to "L"<br />
As per our report attached<br />
DINESH KUMAR BACHCHAS<br />
Partner<br />
Membership No. 097820<br />
For and on behalf of<br />
K. K. MANKESHwAR & Co.<br />
Chartered Accountants<br />
FRN: 106009w<br />
New Delhi, dated the<br />
18th August, <strong>2011</strong><br />
GAUtAM tHApAR<br />
chairman<br />
R. R. VEDERAH<br />
managing director & executive vice chairman<br />
B. HARIHARAN<br />
group director (finance)<br />
VIVEK KUMAR GoYAL<br />
chief financial officer<br />
AKHIL MAHAJAN<br />
company secretary<br />
New Delhi<br />
18th August, <strong>2011</strong><br />
(Rs. In lacs)<br />
30.06.10<br />
(Rs. In lacs)<br />
Expenses allowable on payment basis 241.72 219.24<br />
provision for Gratuity & others 1093.63 1048.41<br />
total 1335.35 1267.65<br />
Deferred tax liability<br />
Higher Depreciation Allowed under tax Laws (Net of unabsorbed Depreciation) 11822.48 11354.78<br />
total 11822.48 11354.78<br />
net Deferred tax liability 10487.13 10087.13<br />
11. Construction and Installation in progress and Advances against Capital Assets includes expenses and interest related to ongoing projects at<br />
various Units of the Company.<br />
12. the Company has entered into a power purchase Agreement with Avantha power & Infrastructure <strong>Limited</strong> and the rates of purchase of power<br />
and steam have been agreed periodically as per the terms of the agreement.<br />
13. Accounts with certain Financial Institutions, Banks and Companies are subject to reconciliation; however these will not have any significant<br />
impact on the profit for the year and on the net worth of the Company as on the Balance Sheet date.<br />
14. Figures for the previous year have been re-arranged and regrouped, wherever necessary to conform to Current year’s classification.<br />
FInancIals<br />
65