Annual Report cb smile - Jet Airways

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Significant Accounting Policies and Notes to Accounts (contd.) Amount (Rs. in lakhs) Particulars 2009-10 2008-09 d Interest due and payable for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding the interest specified under Micro, Small and Medium Enterprises Development Act, 2006 - - e Interest accrued and remaining unpaid as at 31st March, 2010 - - f Further Interest remaining due and payable even in the succeeding years, until such date when the interest dues as above are actually paid to the small enterprise. - - 19) The Airline Industry has been adversely affected in the recent past by the general economic slowdown. This coupled with weak Indian Rupee and high fuel cost had significantly impacted the performance and cash flows of the Company and its subsidiary resulting in substantial erosion of the net worth, in the past. The management is continuously implementing initiatives directed towards improving operating profits through cost control, route rationalization, leasing out Aircraft etc. and the Company has achieved improved operating performance in the last two quarters and have made cash profit during the year. The Company is exploring options of raising finances to meet its various short term and long term obligations including financial support to its Subsidiary – <strong>Jet</strong> Lite (India) Limited. The Company expects that such measures would result in sustainable cash flows and, accordingly, continues to presenting these financial statements on a going concern basis, which contemplates the realisation of assets and settlement of liabilities in the normal course of business. 20) Aircraft Lease Rentals are stated net of sub-lease rentals Nil (Previous Year Rs. 194 lakhs). 21) Comparative financial information (i.e. amounts and other disclosures for the previous year presented above as corresponding figures), is included as an integral part of the current year’s financial statements, and is to be read in relation to the amounts and other disclosures relating to the current year. Figures of the previous year have been regrouped / reclassified wherever necessary to correspond to figures of the current year. Signatures to Schedules ‘A’ to ‘S’ As per our attached report of even date On behalf of the Board of Directors For DELOITTE HASKINS & SELLS For CHATURVEDI & SHAH Saroj K. Datta Executive Director Chartered Accountants Chartered Accountants Durban R. D. Kamat Partner C.D. Lala Partner Aman Mehta I.M. Kadri Yash Raj Chopra Victoriano P. Dungca } Directors Monica Chopra Company Secretary & Sr. General Manager - Legal Mumbai Mumbai 20 th May, 2010 20 th May, 2010 80
Balance Sheet Abstract and Company’s General Business Profile I) Registration Details Registration No.:- 6 6 2 1 3 State Code 1 1 Balance-sheet Date 3 1 0 3 2 0 1 0 Date Month Year II) Capital Raised during the year (Amount in Rs. Thousands) Public Issue N I L Right Issue N I L Bonus Issue N I L Private Placement N I L III) Position of Mobilisation and Deployment of Funds (Amount in Rs. Thousands) Total Liabilities 2 0 9 8 5 8 2 2 1 Total Assets 2 0 9 8 5 8 2 2 1 Sources of Funds- Paid-up Capital 8 6 3 3 4 0 Reserves & Surplus 3 2 8 4 7 4 2 0 Secured Loans 3 8 3 6 1 8 1 8 Unsecured Loans 9 9 2 3 2 9 9 0 Deferred Tax Liability N I L Deferred Payment 1 3 7 5 0 0 0 Application of Funds Net Fixed Assets 1 4 7 2 9 5 1 2 4 Investments 1 7 4 5 0 0 0 0 Net Current Assets 6 4 4 6 1 1 Misc. Expenditure N I L Accumulated Losses 7 2 9 0 8 3 3 IV) Performance of Company (Amount in Rs. Thousands) Turnover 1 0 6 2 2 9 1 7 2 Total Expenditure 1 1 1 6 0 9 1 8 0 Profit/Loss Before Tax (-) 4 6 7 5 4 8 8 Profit/Loss After Tax (-) 4 6 7 6 3 8 8 Earning per share in (-) 5 4 . 1 7 Dividend @% Equity N I L V) Generic Names of Three Principal Products of Company (as per monetary terms) Item Code No. (ITC Code) - Not Applicable 81 Preference N I L On behalf of the Board of Directors Saroj K. Datta Executive Director Durban Aman Mehta I.M. Kadri Yash Raj Chopra Directors Victoriano P. Dungca Monica Chopra Company Secretary & Sr. General Manager - Legal Mumbai 20th } May, 2010
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Letter from the Chairman The year 2
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Letter from the Chairman (contd.) n
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Financial Highlights 200000 175000
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Corporate Information Board of Dire
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Notice Notice is hereby given that
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Notice (contd.) RESOLVED FURTHER TH
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Notice (contd.) Notes : 1. A MEMBER
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Notice (contd.) f) Ensure that the
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Notice (contd.) MAG has been incorp
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Directors’ Report Dear Members, Y
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Directors’ Report (contd.) The de
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Directors’ Report (contd.) 8. Con
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Directors’ Report (contd.) Due to
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Management’s Discussion and Analy
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Management’s Discussion and Analy
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Corporate Governance Report (As req
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Corporate Governance Report (contd.
Page 38 and 39: Corporate Governance Report (contd.
Page 48 and 49: Auditors’ Report To, The Members
Page 50 and 51: Annexure to the Auditors’ Report
Page 52 and 53: Balance Sheet as at 31 st March, 20
Page 54 and 55: Statement of Cash Flow for the year
Page 56 and 57: Schedules to the Balance Sheet as a
Page 64 and 65: Schedules to the Profit and Loss Ac
Page 66 and 67: Significant Accounting Policies and
Page 90 and 91: Statement pursuant to Section 212 (
Page 92 and 93: Auditors’ Report on Consolidated
Page 94 and 95: Consolidated Balance Sheet as at 31
Page 96 and 97: Consolidated Cash Flow Statement fo
Page 98 and 99: Schedules to the Consolidated Balan
Page 106 and 107: Schedules to the Consolidated Profi
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Page 130 and 131: City Facts (contd.) Chennai Airport
Page 132 and 133: City Facts (contd.) Port Blair Airp
Page 134 and 135: City Facts (contd.) Dubai Airport:
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Annual Report cb smile - Jet Airways

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