annual report - Jindal Group of Companies

8.6 In view of the Accounting Standard - AS 22 "Accounting for Taxes on Income", the deferred tax liability comprises of thefollowing Major components of deferred tax assets and deferred tax liabilities:As atAs at31.03.2011 31.03.2010(Rs.)(Rs.)Deferred Tax LiabilityFixed Assets 159,028,846 172,615,969Provision for Gratuity -595,734 -578,555(A) 158,433,112 172,037,414Deferred Tax AssetsFE Fluctuation Inadmissible u/s 43A -48,995 -164,995Un-amortisation of merger & de-merger of expenses - 135,149Provision for leave encashment 1,271,974 1,510,906(B) 1,222,979 1,481,060Net Deferred Tax Liability (A - B) 157,210,133 170,556,3548.7 “Earning per Share” computed in accordance with Accounting Standard AS- 20.(Amount in Rs.)Particulars 2010-11 2009-10a) NumeratorNet Profit after taxation as per Profit & Loss A/c 1,004,650,458 841,429,728b) Denominator:Weighted average of No. of equity shares outstanding 22,931,104 22,931,104Basic & Diluted ( Face value of Rs.5 each) 43.81 36.698.8 Financial reporting of Interest in Joint Ventures as per Accounting Standard AS -27:Name of theCompanyDate of initialInvestmentCountry ofIncorporationAs on31.03.2011% Ownership InterestAs on31.03.2010Discovery Drilling 25th April, 2006 Singapore 49% 49%Pte Ltd. (DDPL)Virtue Drilling 31st March, 2008 Singapore 49% 49%Pte Ltd. (VDPL)55