Statement of Assets and Liabilities for last Five Years and Latest ...

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In terms of the transitional provision of AS 15 (Revised), excess liability (Net ofDeferred Tax Assets) appearing in the books of accounts as on 01.04.2008amounting to Rs.11.39 Lacs has been transferred to the opening balance of GeneralReserve Account.19. In accordance with Accounting Standard 29, particulars of provisions are as under:2008-09 2007-08Incentives/PRP Gratuity &LeaveEncashmentIncentives/PRP Gratuity &LeaveEncashmentOpening Bal. 5.50 44.17 4.63 31.96Addition during 12.50 16.94 5.50 13.59the yearAmount used / 12.06 0.46 4.75 1.38incurredUnused Amount (6.56) 17.25 (0.12) -reversed duringthe yearClosing Balance 12.50 43.40 5.50 44.17The above provisions are liabilities in accordance with terms of employment.Payment of Incentives / Performance Related Pay (PRP) shall be made as and whenthey became due. Provision for Gratuity is in accordance with the AccountingStandard 15 (Revised) and that for leave encashment is as per Company’s policy.20. The Company is in the business of leasing and financing. As such, there are noseparate reportable business segments as per Accounting Standard (AS)-17 on‘Segment Reporting’ issued by the Institute of Chartered Accountants of India.21. As per Accounting Standard (AS) -18 ‘Related Party Disclosures’ issued by theInstitute of Chartered Accountants of India (ICAI), the details are as under:Key Management personnel:a) R. Kashyap, Managing Directorb) S. K. Kaushik, Director FinanceThe payments to key management personnel are given under note no. 9 (a) & (b)above.No other transaction except the above has been entered into with any of the keymanagement personnel, their relatives, concerns in which they are interested.22. The calculation of Earnings Per Share as required under Accounting Standard (AS) –20 is as under:Basic EPSYear2008-09 2007-08a) Profit after tax Rs. 18079.16 Lacs Rs. 42151.33 Lacsb) No. of equity shares of face 50,00,000 50,00,000
value Rs. 1,000/- eachc) Earning Per Share (a/b) Rs. 361.58 Rs. 843.03Diluted EPSYear2008-09 2007-08a) Profit after tax Rs. 18079.16 Lacs Rs. 42151.33 Lacsb) No. of equity shares of facevalue Rs. 1,000/- each50,16,438 50,00,000c) Earning Per Share (a/b) Rs. 360.40 Rs. 843.03The reconciliation of weighted number of equity shares is under:Number of shares outstanding during the year: 50,00,000Number of shares for which application money hasbeen received on 30-03-2009: 30,00,000Weighted number of equity shares: 50,16,43823. (a) During the year 2003-04, the company restructured the rate of interest on certainoutstanding borrowings from LIC and paid Rs.2403 Lacs as advance, representing aportion of the future savings in the interest cost. This advance amount is beingamortised over the balance tenor of the borrowings. During the year, a sum ofRs.201 Lacs (P.Y. Rs.263 Lacs) has been amortised, leaving a balance of Rs.363 Lacsas on 31-03-2009 (P.Y. Rs.564 Lacs).(b) During the year 2004-05, the company restructured the rate of interest on certainoutstanding borrowings from IDBI Ltd. and paid Rs.1378 Lacs as advance,representing a portion of the future savings in the interest cost. This advance amountis being amortised over the balance tenor of the borrowings. During the year, a sumof Rs.108 Lacs (P.Y. Rs.167 Lacs) has been amortised, leaving a balance of Rs.194Lacs as on 31-03-2009 (P.Y. Rs303 Lacs).24. The Company has raised fresh capital by offering 30,00,000 Equity shares ofRs.1000/- each at par on private placement basis to its existing shareholder i.e.President of India through Ministry of Railways, Govt. of India. The Company hasreceived the full amount of application money of Rs.300 Crore on 30th March 2009.The allotment in respect of this has, however, been approved in the Board ofDirectors meeting held on 2 nd of June 2009.25. Interest on Loans, Deposits and Advances include a sum of Rs.1349 Lacs receivablefrom Income Tax Department on assessments pertaining to earlier years. (Receivedafter 01-04-2009).26. Ministry of Railways has deducted tax at source amounting to Rs.9133.54 Lacs onthe lease rentals payment to the Company during the year.27. Incentives/PRP includes Rs.6.56 Lacs pertaining to earlier years.
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Statement of Assets and Liabilities
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CASH FLOW STATEMENTAnnexure - III(
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2. Reserves and Surplus( in Lakhs)P
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3.1.1 Maturity profile and Rate of
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65th "J" Taxable Non‐Cum. Bonds 8
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starting from 27‐07‐201416th "O
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HDFC Bank Ltd. 8.44%, Fixed 1‐Apr
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Syndicated Foreign Currency Loan‐
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As at30‐09‐2012As at31‐03‐2
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Total FixedAssets 1,721.57 1,707.80
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Balance in Franking Machine 0.34 0.
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18. Other IncomeTotal 268780.41 464
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Office Maintenance Expenses 20.25 3
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Significant Accounting policies and
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y the Reserve Bank of India vide th
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(f) (i) Interest rate variation on
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1 JPY 3 Billion 37.04 Million 1 JPY
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11.a. The Company has not taken on
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Gross Investment in Lease and Prese
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the year plan assetsTotal Gain / (L
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*The above provisions are liabiliti
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A. Significant Accounting PoliciesF
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Further, in terms of Draft Guidelin
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(P.Y. Rs. 4590 Lakhs). After adjust
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No. ofContractsAs at 31-03-2012 As
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10. Expenditure in Foreign Currency
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E. Less Capital Recovery provided u
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Changes in the Fair Value of Plan A
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Actuarial Assumptions:AssumptionsGr
Page 59 and 60: amortised over the balance tenor of
Page 61 and 62: ) Recognition at the end of Account
Page 63 and 64: Deferred tax expense or benefit is
Page 65 and 66: Finance has exempted the Lease Agre
Page 67 and 68: The foreign currency borrowings out
Page 69 and 70: 10. Expenditure in Foreign Currency
Page 71 and 72: 15. Major components of net deferre
Page 73 and 74: Current Service Cost 3.05 1.63 1.02
Page 75 and 76: Actuarial Assumptions:As on 31-03-2
Page 77 and 78: portion of the future savings in th
Page 81 and 82: 10) Employee BenefitsEmployee Benef
Page 83 and 84: 5. Decrease in liability due to exc
Page 85 and 86: 7. Office Building including parkin
Page 87 and 88: 12. The balances under some items o
Page 89 and 90: Unearned Finance Income 2009322 171
Page 91 and 92: the yearActualReturn onplan assets1
Page 93 and 94: Statementof Profit &LossActuarial A
Page 95 and 96: amortised over the balance tenor of
Page 99 and 100: 10) Employee BenefitsEmployee Benef
Page 101 and 102: amortisation in future, of the amou
Page 103 and 104: As part of hedging strategy, the Co
Page 105 and 106: Since the entire future lease renta
Page 107 and 108: assets assigned during the yearF. C
Page 109: Benefits Paid - -Fair Value of Plan
Page 113 and 114: Financial Year 2007-08A. Significan
Page 115 and 116: and are capable of reversal in one
Page 117 and 118: ForeignCurrency1 JPY 2.65 Billion U
Page 119 and 120: Govt. may from time to time specify
Page 121 and 122: previous Financial YearB. Less valu
Page 123 and 124: 22. Payment to auditors include Rs.
Page 125 and 126: Annexure - VIIStatement of Dividend
Page 127 and 128: Annexure - IXRelated Party Transact
Page 129 and 130: Annexure - XICapitalisation Stateme
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Page 133 and 134: '-. ,,, I__ , __ , _____ ~-~---..
Page 135 and 136: Credit Rating Report 1Indian Railwa
Page 137 and 138: Given IRFC's modest accruals to net
Page 139 and 140: Credit Strengths.. Strong ownership
Page 141 and 142: CREDIT PERSPECTIVEDependence on MOR
Page 143 and 144: Asset quality profile favourableGiv
Page 145 and 146: ANNEXURE 1: RATING DETAILSInstrumen
Page 147 and 148: ICRA Credit PerspectiveIndian Railw
Page 149 and 150: ·PROFIT: & .LOSS ACCOUNT_t'lo of O
Page 151 and 152: This is a system generated report a
Page 155 and 156: Sub : Trade statistics of IRFC N1 f
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Sub : Trade statistics of IRFC N2 f
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SCRIP CODE TRADE DATE ABBREVIATEDNA
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Ref. No. :NSE/LIST/2012Date :Decemb
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Sub : Trade Statistics Report from
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ANNXEUREIVCONSENT OF DEBENTURE TRUS
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