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

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TYPE OF PLANLONG TERM COMPENSATEDABSENCE - EARNED LEAVEPERIOD OF DISCLOSURE 01-04-2010 TO 31-03-2011VI. AMOUNTS RECOGNISED IN THE BALANCE SHEET AND RELATED ANALYSESPresent value of the obligation 1,665.84Fair value of plan assets -Difference 1,665.84Unrecognised transitional liabilty -Unrecognised past service cost - non vested benefits -Liability recognized in the balance sheet 1,665.84VII. EXPENSES RECOGNISED IN THE STATEMENT OF PROFIT AND LOSS:Current service cost 61.83Interest Cost 100.15Expected return on plan assets -Net actuarial (gain)/loss recognised in the year 417.58Transitional Liability recognised in the year -Past service cost - non-vested benefits -Past service cost - vested benefits -Expenses recognized in the statement of profit and loss 579.56VIII. MOVEMENTS IN THE LIABILITY RECOGNIZED IN THE BALANCE SHEETOpening net liability 1,298.12Expense as above 579.56Contribution paid (211.85)Closing net liability 1,665.84IX. AMOUNT FOR THE CURRENT PERIODPresent Value of obligation 1,665.84Plan Assets -Surplus / (Deficit) (1,665.84)Experience adjustments on plan liabilities -(loss)/gain (396.44)Experience adjustments on plan assets -(loss)/gain -X. MAJOR CATEGORIES OF PLAN ASSETS (AS PERCENTAGE OF TOTAL PLAN ASSETS)Government of India Securities -State Government Securities -High Quality Corporate Bonds -Equity shares of listed Companies -Property -Special Deposit Scheme -Funds managed by Insurer -Others (to specify) -Total -108XI ENTERPRISE'S BEST ESTIMATE OF CONTRIBUTION DURING NEXT YEAR -
TYPE OF PLANLONG TERM COMPENSATEDABSENCE - SICK LEAVEPERIOD OF DISCLOSURE 01-04-2010 TO 31-03-2011I. PRINCIPAL ACTUARIAL ASSUMPTIONS 31-Mar-10 31-Mar-11[Expressed as weighted averages]Discount Rate 8.40% 8.20%Salary escalation rate 5.00% 5.00%Attrition rate 0.50% 0.50%Expected rate of return on Plan Assets 0.00% 0.00%In the following tables, all amounts are in Rupees,unless otherwise statedII. CHANGES IN THE PRESENT VALUE OF THE OBLIGATION (PVO) -RECONCILIATION OF OPENING AND CLOSING BALANCES:PVO as at the beginning of the period 472.87Interest Cost 36.72Current service cost 32.47Past service cost - (non vested benefits) -Past service cost - (vested benefits) -Benefits paid (71.62)Actuarial loss/(gain) on obligation (balancing figure) 178.85PVO as at the end of the period 649.29III. CHANGES IN THE FAIR VALUE OF PLAN ASSETS - RECONCILIATIONOF OPENING AND CLOSING BALANCES:Fair value of plan assets as at the beginning of the period -Expected return on plan assets -Contributions 71.62Benefits paid (71.62)Actuarial gain/(loss) on plan assets [balancing figure] -Fair value of plan assets as at the end of the period -IV. ACTUAL RETURN ON PLAN ASSETSExpected return on plan assets -Actuarial gain / (loss) on plan assets -Actual return on plan assets -V. ACTUARIAL GAIN / LOSS RECOGNIZEDActurial gain / (loss) for the period - Obligation (178.85)Actuarial gain / (loss) for the period- Plan Assets -Total (gain) / loss for the period 178.85Actuarial (gain) / loss recognized in the period 178.85Unrecognized actuarial (gain) / loss at the end of the year -109
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ContentsBoard of Directors 3Notice
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EXPLANATORY STATEMENT PURSUANT TO S
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Form of ProxyKIOCL LIMITEDRegd. Fol
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Production for Asia was 897.9 milli
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PROJECTS UNDER CONSTRUCTION :In my
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18Captive Iron Ore Mine:The Company
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Directors’ ReportDear Shareholder
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4.3 The following table summarises
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efforts to cool down the overheatin
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Plant at Mangalore, KIOCL has to ge
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Consultant recommended that KIOCL c
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mortar manufacture. This can also b
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Other Mining /Prospecting Leases9.4
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either from the recognised Union or
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Visit of Third Sub-Committee of Par
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Former Secretary (Steel) Shri Atul
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Groups on rolls of the Company as o
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23.4 Your Company has also nominate
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25.3 Inspections: 7 CTE type inspec
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27. BOARD OF DIRECTORSAppointmenti)
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energy audit to quantify the target
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Annexure-IICORPORATE GOVERNANCECOMP
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is not practical to send the releva
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Corporate Governance (Contd.)c) To
Page 59 and 60: Corporate Governance (Contd.)Detail
Page 61 and 62: Corporate Governance (Contd.)(iii)
Page 63 and 64: Corporate Governance (Contd.)(xii)
Page 65 and 66: Corporate Governance (Contd.)(xx) R
Page 67 and 68: WeaknessCorporate Governance (Contd
Page 69 and 70: Corporate Governance (Contd.)local
Page 71 and 72: KIOCL Limited(Formerly Kudremukh Ir
Page 73 and 74: Annexure-IIIASA & ASSOCIATESCharter
Page 75 and 76: C. a. Confirmations of Balances hav
Page 77 and 78: Auditors' Report (Contd.)5. a. In o
Page 79 and 80: Auditors'ReportPara No.COMMENTS/OBS
Page 81 and 82: COMMENTS OF THE COMPTROLLER AND AUD
Page 83 and 84: 3.2 Depreciation in respect of Asse
Page 85 and 86: 7.2 Provision for Leave Encashment
Page 87 and 88: Profit and Loss Account for the yea
Page 89 and 90: Schedule 3FIXED ASSETSG R O S S B L
Page 91 and 92: Schedules (Contd.)Schedule 6CURRENT
Page 93 and 94: Schedules (Contd.)Schedule 7CURRENT
Page 95 and 96: Schedule 10ACCRETION/(-)DEPLETION T
Page 97 and 98: Schedules (Contd.)Schedule 14PRIOR
Page 99 and 100: Schedules (Contd.)Schedule 16NOTES
Page 101 and 102: 5. In pursuance of the directive of
Page 103 and 104: y the Govt of India and is binding
Page 105 and 106: Schedules (Contd.)Year ended Year e
Page 107 and 108: Details of measurement of present v
Page 109: TYPE OF PLANLONG TERM COMPENSATEDAB
Page 113 and 114: Balance Sheet Abstract and Company'
Page 115 and 116: Cash Flow Statement for the year en
Page 117 and 118: SEGMENT REPORTING FOR THE YEAR ENDE
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