SUBSIDIARY COMPANIES - ITC Ltd

NOTES TO THE ACCOUNTS (Contd.)
LANDBASE INDIA LIMITED
NOTE 9
INTANGIBLE ASSETS (At Cost) (in `)
GROSS BLOCK DEPRECIATION NET BLOCK
As at 1st Additions Withdrawals/ As at 31st As at 1st For the year** Withdrawals/ As at 31st As at 31st As at 31st
Particulars April, 2011 Adjustments/Intra
group transfers
March, 2012 April, 2011 Adjustments March, 2012 March, 2012 March, 2011
Computer Software 1,75,088 6,32,956 — 8,08,044 32,733 34,185 — 66,918 7,41,126 1,42,355
TOTAL 1,75,088 6,32,956 — 8,08,044 32,733 34,185 — 66,918 7,41,126 1,42,355
As at As at
31st March, 2012 31st March, 2011
(`) (`) (`) (`)
NOTE 10
NON CURRENT INVESTMENTS
Other Investments
Others:
Gilt Facilities India Private Ltd.
— —
545 Redeemable Preference Shares (0.5%) of ` 100,000/- each fully paid — 5,45,00,000
Less: Provision for diminution in Investments
Prime Golf Ranking Private Ltd.
— — 5,44,99,900 100
150 Equity Share (March 31, 2011: 150 Equity Share) of ` 1/- each fully paid 150 150 150 150
TOTAL 150 250
NOTE 11
LONG-TERM LOANS AND ADVANCES
Capital Advances
Unsecured, considered good
Other Loans and Advances
3,85,67,354 6,45,52,367
Advance recoverable in cash or kind — —
Unsecured, considered good 7,60,000 7,60,000
Tax paid under protest 6,49,767 6,49,767
Less: Provision for doubtful loans and advances 6,49,767 7,60,000 6,49,767 7,60,000
TOTAL 3,93,27,354 6,53,12,367
NOTE 12
OTHER NON-CURRENT ASSETS
Margin Money Deposits
(Against guarantee issued by Banks)
1,13,77,970 1,47,87,557
Interest Accrued on Loans and Deposits 27,97,005 20,19,136
TOTAL 1,41,74,975 1,68,06,693
NOTE 13
INVENTORIES
Raw Materials including Packing Material 4,33,967 5,23,182
Stock in Process - Golf Huts 1,94,66,598 68,97,563
Stock in Trade - Proshop 21,08,618 14,80,690
Stock of parking slot/servant quarters 13,19,908 13,19,908
Stores and Spare Parts 73,84,684 77,91,232
Less: Provision for Slow Moving Inventory of parking slot/servant quarters (13,19,908) (13,19,908)
Less: Provision for Slow Moving stores and spares (49,646) (13,69,554) (49,646) (13,69,554)
TOTAL 2,93,44,221 1,66,43,021
NOTE 14
TRADE RECEIVABLES
Unsecured, considered good
Outstanding for a period exceeding six months from the date they are due for 4,14,223 5,64,132
Others 53,50,698 57,64,921 40,78,396 46,42,528
Unsecured, considered doubtful
Outstanding for a period exceeding six months from the date they are due for 7,28,444 5,02,688
Less: Provision for doubtful debts 7,28,444 5,02,688
TOTAL 57,64,921 46,42,528
NOTE 15
CASH AND BANK BALANCE
Balances with banks on Current Account 3,47,74,894 5,90,33,003
Cheques, drafts on hand 1,00,000 —
Cash on hand 3,98,427 1,89,161
TOTAL 3,52,73,321 5,92,22,164
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