Download - ZF Steering Gear (India) Ltd.

Notes forming part of the Financial Statements (Contd....)
NOTE 31 - EARNINGS PER SHARE
(a) The amount used as the numerator in calculating basic and diluted earnings per share is the net profit after tax for the year
disclosed in the Profit and Loss Statement.
(b) The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per share
is 9,073,300
NOTE 32- Details of provisions and movements in each class of provisions as required by theAccounting Standard
on Provisions, Contingent Liabilities and ContingentAssets (Accounting Standard-29)
Rs. In Million
As at
As at
Particulars
31st March, 2013 31st March, 2012
Warranty
Warranty
CarryingAmount at the beginning of the year 4.00 2.50
Additional Provision made during the year 2.90 13.19
Amounts Used during the year 3.15 11.69
Unused amounts reversed during the year - -
CarryingAmounts at the end of the year 3.75 4.00
Brief description of the nature of the obligation and the expected timing of any resulting outflows of economic benefits :
Warranty Provision:
Warranty cost are accrued at the time of products are sold, based on past experience. The provision is discharged over the warranty
period of 18 months from the date of sale.
NOTE 33 - Value of imported and indigenous raw materials, components and packing material consumed:
Particulars For the year ended 31st March, 2013 For the year ended 31st March, 2012
Value (Rs. In Million) Percentage ( % ) Value (Rs. In Million) Percentage ( % )
Imported 459.28 23.41 449.94 19.46
Indigenously obtained 1,502.97 76.59 1,862.33 80.54
Total 1,962.25 100.00 2,312.27 100.00
NOTE 34 - CIF Value of Imports
Particulars For the year ended For the year ended
31st March, 2013 31st March, 2012
Rs. In Million Rs. In Million
Raw materials, Components and consumables 423.74 423.57
Capital Goods 3.67 149.63
Total 427.41
573.20
NOTE 35 - Contingent Liability:
As at
As at
Particulars 31st March, 2013 31st March, 2012
Rs. In Million Rs. In Million
Income Tax matters in dispute in respect of penalty matters
pending before ITAT, Pune 32.63 32.63
Service Tax matters underAppeal 3.63 3.63
Co-acceptance of Import bills by the bankers 31.52 41.63
Bill discounted 229.38 274.22
Bank Guarantees by the Company 4.30 33.67
Claims against the company not acknowledged as debts 0.16 0.16
Total 301.62
385.94
..33..