08-09 - Jindal Group of Companies
08-09 - Jindal Group of Companies
08-09 - Jindal Group of Companies
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Details <strong>of</strong> Transactions during the year are as follows:<br />
(Rs.)<br />
Particulars 20<strong>08</strong>-<strong>09</strong> 2007-<strong>08</strong><br />
a. Purchase & Other Services from related parties<br />
Joint Venture Company 888,403 1,711,255<br />
Relatives <strong>of</strong> Key Management Personnel 94,728 78,726<br />
b. Sales & Other Services to related parties<br />
Joint Venture Company 361,243,673 166,270,116<br />
c. Investment in related parties<br />
Joint Venture Company - 990,950<br />
d. Loans/Inter Corporate deposits given (Maximum Outstanding)<br />
Joint Venture Company 119,962,867 92,162,867<br />
e. Interest Received from related parties<br />
Joint Venture Company 24,803,805 4,497,157<br />
f. Rent paid to related parties<br />
Relatives <strong>of</strong> Key Management Personnel 300,000 300,000<br />
g. Remuneration<br />
Key Management Personnel 7,939,818 4,684,248<br />
h. Dividend Paid<br />
Key Management Personnel 8,728,820 2,618,646<br />
Relatives <strong>of</strong> Key Management Personnel 1,192,105 335,130<br />
i. Balance Payable by the Company at the year end<br />
Relatives <strong>of</strong> Key Management Personnel 26,811 -<br />
j. Balance Receivable by the Company (including loans if any)<br />
at the year end<br />
Joint Venture Company 182,231,220 134,071,934<br />
Relatives <strong>of</strong> Key Management Personnel - 14,757<br />
No amount has been provided as doubtful debts or advances / written <strong>of</strong>f or written back in the year in respect <strong>of</strong> debts due from<br />
or to any related parties.<br />
16. In compliance with the AS - 22 relating to Accounting for Taxes on Income issued by The Institute <strong>of</strong> Chartered Accountants <strong>of</strong><br />
India, the company has adjusted the deferred tax liability (net) arising out <strong>of</strong> timing differences accruing during the year aggregating<br />
to Rs. 7,613,500/- in the Pr<strong>of</strong>it & Loss Account.<br />
Deferred Tax Liability<br />
Particulars As At 31.03.20<strong>08</strong> During the Year As At 31.03.20<strong>09</strong><br />
Fixed Assets 419,196,000 10,712,070 429,9<strong>08</strong>,070<br />
Employees Retirement Benefit Adjustment as per AS - 15 601,530 (601,530) Nil<br />
Deferred Tax Assets<br />
Particulars As At 31.03.20<strong>08</strong> During the Year As At 31.03.20<strong>09</strong><br />
Others - 2,497,040 2,497,040<br />
Net Deferred Tax Liability 419,797,530 7,613,500 427,411,030<br />
17. Earning Per Share computed in accordance with Accounting Standard 20:<br />
Particulars 31.03.20<strong>09</strong> 31.03.20<strong>08</strong><br />
Net Pr<strong>of</strong>it available for equity shareholders (Rs.) (a) 2,578,410,059 1,952,184,294<br />
Weighted average number <strong>of</strong> equity shares <strong>of</strong> Rs. 5/- each (b) 70,533,422 70,463,933<br />
Basic / Diluted Earning per share (Rs.) (a/b) 36.56 27.70<br />
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