Download the Annual Report for 2010-11. - kiocl limited

Year ended Year ended31-03-2011 31-03-2010(c) Disputed Liabilities in Appeal` in Lakhs(i) On Revenue AccountVAT 65.08 -Excise Duty 371.28 -Income Tax 4,557.52 -3. Expenses incurred towards generation of power havebeen included under the primary heads of account4. In pursuance of the order of the Hon'ble SupremeCourt, Mining operations at Kudremukh werediscontinued with effect from 01.01.2006. Thedisclosure as per Accounting Standard (AS) - 24 onDiscontinuing Operations is as follows :2010-11 2009-10Description of the discontinuing operations Mining of weathered ore Mining of weathered oreat Kudremukh Mines at Kudremukh MinesThe business segment in which it is reported as per Un allocable expenditure/ Un allocable expenditure/AS 17 assets / liabilities assets / liabilitiesThe date and nature of the initial disclosure event and 31.12.2005 31.12.2005the date or period in which the discontinuance isexpected to be completed if known or determinableThe carrying amount as of the Balance sheet date of Fixed Assets WDV as on Fixed Assets WDV as onthe total assets to be disposed and total liabilities 31.03.2011 – 31.03.2010 –to be settled. ` 1,340.19 Lakhs, ` 1,387.39 Lakhs,Current Assets – Current Assets –` 360.15 Lakhs and ` 1,152.58 Lakhs andCurrent Liabilities Current Liabilities` 3,864.18 Lakhs` 4,272.12 LakhsThe amounts of revenue and expenses in respect of Expenses incurred by the Expenses incurred by thethe ordinary activities attributable to the Company in respect of Company in respect ofdiscontinuing operation during the current financial discontinuing its discontinuing itsreporting periodoperations at Kudremukh operations at Kudremukh` 5,527.60 Lakhs and ` 7,681.93* Lakhs andMisc Revenue isMisc Revenue is` 169.22 Lakhs` 597.73 Lakhs.The amount of pre-tax profit or loss from ordinary Loss ` 5,358.38 Lakhsactivities attributable to the discontinuing operationduring the current financial reporting period, andthe income tax expenses related theretoLoss ` 7,084.20 LakhsThe amounts of net cash flows attributable to the ` 4,629.64 Lakhs ` 9,193.02 Lakhsoperating, investing and financial activities of the (net cash out flow) (net cash out flow)discontining operation during the current financialreporting period98* Expenditure for 2009-10 includes ` 2,833.16 Lakhs VRS compensation paid for those separated during the year