Shriram City Union Finance Limited - Karvy

p. Employee stock compensation costsMeasurement and disclosure of the employee share-based payment plans is done in accordance with SEBI(Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and the Guidance Noteon Accounting for Employee Share-based Payments, issued by the ICAI. The Company measures compensationcost relating to employee stock options using the intrinsic value method. Compensation expense is amortized overthe vesting period of the option on a straight line basis.Up to year ended March. 31, 2007l. Equity Shares and Preference Shares Issue ExpensesEquity Shares and Preference Shares and Debenture issue Expenses are written off over a period of 10 years.Up to the year ended March 31, 2010m. LeasesAssets taken on operating lease are not capitalized in the books of the Company and the lease rental payments arecharged to Profit and Loss accounts.F-50