Scheduleforming part of the Balance Sheet - Domain-b
Scheduleforming part of the Balance Sheet - Domain-b
Scheduleforming part of the Balance Sheet - Domain-b
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Annual Report 2007-2008<br />
Notes on Consolidated <strong>Balance</strong> <strong>Sheet</strong> and Pr<strong>of</strong>it and Loss Account (Contd.)<br />
c) IHMS New York LLC and IHMS Boston LLC, as lessors under various operating leases, will receive base rents over<br />
<strong>the</strong> next five years and, in <strong>the</strong> aggregate, over <strong>the</strong> remaining terms <strong>of</strong> <strong>the</strong> leases as follows :-<br />
March 31 Boston LLC New York LLC Total<br />
Rs. crores Rs. crores Rs. crores<br />
2009 1.78 0.60 2.38<br />
2010 1.74 0.53 2.27<br />
2011 1.74 0.47 2.21<br />
2012 1.74 0.23 1.97<br />
2013 1.74 - 1.74<br />
Thereafter 7.25 - 7.25<br />
Total 15.99 1.83 17.82<br />
d) The Group has taken on finance lease, assets having an aggregate value <strong>of</strong> Rs. 0.05 crore, (previous year - Rs. 0.05<br />
crore), against which <strong>the</strong> future obligations aggregate to Rs. 0.03 crore (previous year - Rs. 0.05 crore). Lease rentals<br />
paid during <strong>the</strong> year were - Rs. 0.01 crore (previous year - Rs. 0.01 crore).<br />
Particulars Current Year Previous Year<br />
Rs. crores Rs. crores<br />
Minimum lease rentals payable as on <strong>Balance</strong> <strong>Sheet</strong> date<br />
Present value <strong>of</strong> Minimum lease rentals payable at discounted<br />
0.03 0.05<br />
rate implicit in lease agreement 0.02 0.04<br />
Particulars Minimum lease Present value <strong>of</strong> minimum<br />
payment lease payment at<br />
discounted rate implicit in<br />
lease agreement<br />
Current Year Previous Year Current Year Previous Year<br />
Rs. crores Rs. crores Rs. crores Rs. crores<br />
Not later than one year<br />
Later than one year but not later<br />
0.02 0.02 0.01 0.01<br />
than five years 0.01 0.03 0.01 0.03<br />
TOTAL 0.03 0.05 0.02 0.04<br />
e) The Group has taken on operating lease, certain assets, <strong>the</strong> minimum future lease rentals payable on which are as<br />
follows:<br />
Particulars Current Year Previous Year<br />
Rs. crores Rs. crores<br />
Not later than one year 3.39 4.69<br />
Later than one year but not later than five years 5.82 6.21<br />
Later than five years 65.98 7.11<br />
141
Change language