EXCEL CROP CARE LIMITED C O N T E N T S - BSE

SCHEDULE ‘T’ — (Cont’d.)
NOTES TO ACCOUNTS
EXCEL CROP CARE LIMITED
SCHEDULE FORMING PART OF THE BALANCE SHEET AND THE PROFIT AND LOSS ACCOUNT
Current Year Previous Year
13.9 Remittance in Foreign Currency on account of Dividend to non-resident shareholder:
(a) Number of shareholder 1 1
(b) Number of Equity Shares held by them 16,17,000 16,17,000
(c) (i) Amount of dividend paid (` in lacs) 1,01.06 80.85
(ii) Year to which dividend relates 2009-10 2008-09
(` in lacs) (` in lacs)
14. Earnings Per Share:
(1) Profit after Tax 43,93.36 37,33.81
Less: Prior Period Adjustments (Net) 24.92 43.30
Add: Excess provision for taxation for earlier years 0.17 52.93
Profit attributable to Equity Shareholders (A) 43,68.61 37,43.44
Nos. Nos.
(2) Weighted average number of Equity Shares outstanding (B) 1,10,05,630 1,10,05,630
` `
(3) Earnings Per Share: (A)/(B) (basic and diluted) 39.69 34.01
(4) Face Value of Equity Share 5.00 5.00
15. Details of Employee Benefits:
I. Defined Benefit Plans – Gratuity (Funded):
The Company has a defined benefit gratuity plan. Every employee who has completed five years or
more of service gets gratuity on retirement at 15 days of last drawn salary for each completed year of
service. If an employee completes more than 25 years of service then instead of 15 days, he/she will get
gratuity on retirement at 22 days of last drawn salary. The aforesaid liability is provided for on the basis
of an actuarial valuation made at the end of the financial year. The scheme is funded with insurance
companies in the form of qualifying insurance policies.
(a) The amounts recognised in the statement of Profit and Loss Account are as follows:
Defined Benefit Plan Current Year Previous Year
(` in lacs) (` in lacs)
Current Service cost 1,27.85 1,03.69
Interest cost on benefit obligation 1,60.07 1,26.36
Expected return on plan assets (1,66.40) (1,29.70)
Net actuarial (gain)/loss recognised during the year 3,15.60 3,09.25
Amount included under the head personnel expenses in Schedule ‘Q’ Manufacturing and Other
Expenses.
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4,37.12 4,09.60
Actual return on plan assets 1,85.79 1,45.00
(b) The amounts recognised in the Balance Sheet are as follows:
As at
31st March, 2011
(` in lacs)
As at
31st March, 2010
(` in lacs)
Present value of funded obligation 24,57.56 20,65.37
Less: Fair value of plan assets 22,26.17 16,58.38
Net Liability included under the head Provision for Gratuity, in Schedule ‘N’ Provisions 2,31.39 4,06.99