Year : 2010-11 - CCL

__________________________________________________ CENTRAL COALFIELDS LIMITED
(b) Gratuity based on Actuarial Valuation,
(c) Leave Encashment Benefit on retirement on Actuarial Valuation Basis.
(d) Superannuation/ Pension scheme on the basis of actual liability.
15.2 Securities by way of deposit in the form of Fixed Deposit Receipts, National Saving Certificates,
Bank guarantee etc. received from the suppliers, contractors etc. are kept in Company’s custody
and are not accounted for.
15.3 Research and development Expenditure of revenue nature are charged to various natural revenue
heads of accounts in the year the expenses are incurred. Expenses of capital nature are treated
as fixed assets.
15.4 Taxation: Provision for Income Tax is made on the basis of estimated taxable income for the
year. Deferred Tax is recognized, subject to consideration of prudence on timing differences,
being the difference between taxable and accounting income/ expenditure that originate in one
period and are capable of reversal in one or more subsequent period(s).
15.5 The Mandatory Accounting Standard on Segment Reporting( AS-17), Related Party Transactions(
AS-18), Discontinuing operation(AS-24), Interim Financial Report(AS-25) and Financial Reporting
of Interest(AS-27) in Joint Ventures are not applicable to Company.
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