Year : 2010-11 - CCL

__________________________________________________ CENTRAL COALFIELDS LIMITED
tenancy land, compensation has been assessed as 5063.71 Lakh. Out of this amounting to
3097.28 lakh has been paid. The balance amount is being paid by holding regular payment
camps in different projects.
4.4 Fixed Assets include certain tangible assets in respect of closed project during the year or in
earlier year(s) and have not been adjusted in the accounts pending review regarding further use
of these assets.
4.5 Provision of 11.10 lakh ( Previous year – NIL lakh) has been made towards loss of assets.
Total provision amounting to 1098.18 lakh (Previous year – 1087.08 lakh) as on 31.03.2011
has been retained which is considered adequate (Refer Schedule-N).
4.6 Buildings include Electrical fittings, water supply arrangements, sanitary fittings.
4.7 The Assets and Liabilities of two hospitals taken over from Coal Mines Labour Welfare
Organization in 1981 have not been reflected in the accounts pending determination of values
thereof.
4.8 The Assets and Liabilities of three Mines Rescue stations taken over during 1985-86 have not
been reflected in the accounts pending determination of values thereof.
5. Capital Work-in-Progress
5.1 For machinery/assets, which could not be put to use for more than three years from the date of
purchase/acquisition, provision equivalent to depreciation w.e.f. the fourth year from the date of
purchase/acquisition has been made during the year amounting to 2802.81 lakh (previous
year 431.81 lakh). Total provision as on 31.03.2011 is 7078.62 lakh (Refer Schedule-G).
5.2 Provision of NIL lakh (Previous year NIL lakh) has been made towards the loss of capital
expenditures. Total provision amounting to 1278.00 lakh (Previous year 1278.00 lakh) as
on 31.03.2011 has been retained which is considered adequate (Refer Schedule-G).
6. INVENTORIES
6.1 The difference on reconciliation of numerical ledger with price ledger for the purpose of these
accounts have been reflected in the consumption of stores and spares parts to the extent such
reconciliation is completed during the year.
6.2 Pursuant to the Accounting Policy (Referred in para-7.4 of Sch-P), provision of 5.05 lakh
(previous year 454.77 lakh) has been made during the year for unserviceable/damaged/obsolete
stores and also for Stores & Spares unmoved for 5 years. Total provision of 3619.07 lakh
(Previous year 3614.01 lakh) as on 31.03.2011 is considered adequate.
6.3 Physical stock has been adopted in the following cases over the book stock, because of difference
being beyond 5%, pursuant to the Accounting Policy as referred in Para 7.1 of Sch-P.
Type of Name of Book Physical Difference
Coal the Project Stock Stock Qty. %age
Raw Coal Sel. Dhori QR-1 1033281 604973 (–) 428308 (–) 41.45
Raw Coal Amlo 612636 301568 (–) 311068 (–) 50.78
Raw Coal Sel. Dhori QR-3 858244 421363 (–) 436881 (–) 50.90
Total 2504161 1327904 (–) 1176257
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