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

More documents

Recommendations

Info

Agreements entered between the Company and Ministry of Railways from levy of Service Taxthereon.With the introduction of Finance Act 2012, the Government of India (GOI) has introduced theconcept of negative list. Besides, specifically exempted services do not attract service tax.Services being provided by IRFC are not covered under negative list and exempted servicesnotifications. However, the Finance Ministry has not withdrawn the above said exemptionorder. As the Standard Lease Agreements provide that Service Tax, if any, payable by theCompany is recoverable from MOR, the Company has brought out the above facts to the noticeof MOR for further necessary action, if any.4. Increase in liability due to exchange rate variation on foreign currency loans for purchase ofleased assets, amounting to Rs. 31607 Lakhs (P.Y. Rs. 96534 Lakhs) has not been charged toStatement of Profit and Loss as the same is recoverable from the Ministry of Railways (lessee)separately as per lease agreements. The exchange rate variation on foreign currency loansrepaid during the year amounting to Rs. 196 Lakhs (P.Y. Rs. 223 Lakhs) has been recovered fromthe Lessee, leaving a balance of Rs. 108170 Lakhs recoverable from MOR as on 31‐03‐2012 (P.Y.Rs. 76759 Lakhs).5. Advance given to Railways for Railway Projects amounting to Rs. 218473.00 Lakhs (PY Rs.210136.50 Lakhs) is inclusive of Capitalized Interest and Finance Charges (net) of Rs. 10623.57lakhs (PY Rs. 2287.07 lakhs) accrued till the Balance Sheet date.6. Derivative InstrumentsThe Company judiciously contracts financial derivative instruments in order to hedge currencyand / or interest rate risk. All derivative transactions contracted by the company are in thenature of hedging instruments with a defined underlying liability. The company does not deployany financial derivative for speculative or trading purposes.a. In respect of certain foreign currency borrowings, the company has executed currency swaps tohedge the exchange rate variation risk on the principal outstanding. The outstanding position ofsuch currency swaps as at 30 th September 2012 is as follows:In respect of following External Commercial Borrowings, the Company has executed currencyswap to hedge the foreign exchange exposure in respect of both principal outstanding andinterest payments:In respect of following External Commercial Borrowings, the Company has executed crosscurrency swap to hedge the foreign exchange exposure in respect of both principal outstandingand interest payments and converted its underlying liability from one foreign currency toanother:As at 30‐09‐2012 As at 31‐03‐2012No. ofContractsBorrowingoutstanding inForeign CurrencyNotional USDEquivalentNo. ofContractsBorrowingoutstanding inForeign CurrencyNotionalUSDEquivalent1 JPY 12 Billion 145.90 Million 1 JPY 12 Billion 145.90Million
1 JPY 3 Billion 37.04 Million 1 JPY 3 Billion 37.04MillionThe foreign currency borrowings outstanding as on 30‐09‐2012, which have not been hedged,are as follows:As at 30‐09‐2012 As at 31‐03‐2012No. ofLoansBorrowingoutstanding inForeign CurrencyNo. ofLoansBorrowingoutstanding inForeign CurrencyRemarks1 USD 28.50 Million 1 USD 30 Million Back to backrecovery ofexchange ratevariation from MOR.2 USD 2.96 Million 2 USD 3.94 Million ‐‐2 USD 225 Million 2 USD 225 Million Back to backrecovery ofexchange ratevariation from MOR.1 USD 450 Million 1 USD 450 Million Back to backrecovery ofexchange ratevariation from MOR.2 USD 550 Million 2 USD 550 Million Back to backrecovery ofexchange ratevariation from MOR1 USD 200 Million 1 USD 200 Million Back to backrecovery ofexchange ratevariation from MORb. The Company has three (P.Y. three) Interest Rate Swap/Cap outstanding in respect of foreigncurrency borrowings to hedge its floating rate linked to LIBOR. The Interest Rate Swap/Cap hasbeen executed on a notional principal of USD 900 Million (P.Y. USD 900 Million).Further, the Company has two floating rate swaps and has converted its liability in Fixed RateJPY to USD LIBOR. The notional principal underlying the floating rate swap is JPY 15 Billion.As part of hedging strategy, the Company has three (P.Y. three) Interest Rate Swaps / CurrencySwaps (coupon only) outstanding on fixed interest rate rupee borrowings by taking benefit ofinterest rate movement. The INR value of the outstanding borrowings on which such Swapshave been executed, is Rs. 62000 Lakhs (P.Y. Rs. 62000 Lakhs).7. Office Building including parking area has been capitalised from the date of taking possession.However, the sale / transfer deed is still pending for execution in favour of the company. Stampduty payable on the registration of office building works out to about Rs. 122 Lakhs (P.Y. Rs. 122Lakhs), which will be accounted for on registration.
Page 1 and 2: Statement of Assets and Liabilities
Page 3 and 4: CASH FLOW STATEMENTAnnexure - III(
Page 5 and 6: 2. Reserves and Surplus( in Lakhs)P
Page 7 and 8: 3.1.1 Maturity profile and Rate of
Page 9 and 10: 65th "J" Taxable Non‐Cum. Bonds 8
Page 11 and 12: starting from 27‐07‐201416th "O
Page 13 and 14: HDFC Bank Ltd. 8.44%, Fixed 1‐Apr
Page 15 and 16: Syndicated Foreign Currency Loan‐
Page 17 and 18: As at30‐09‐2012As at31‐03‐2
Page 19 and 20: Total FixedAssets 1,721.57 1,707.80
Page 21 and 22: Balance in Franking Machine 0.34 0.
Page 23 and 24: 18. Other IncomeTotal 268780.41 464
Page 25 and 26: Office Maintenance Expenses 20.25 3
Page 27 and 28: Significant Accounting policies and
Page 29 and 30: y the Reserve Bank of India vide th
Page 31: (f) (i) Interest rate variation on
Page 35 and 36: 11.a. The Company has not taken on
Page 37 and 38: Gross Investment in Lease and Prese
Page 39 and 40: the year plan assetsTotal Gain / (L
Page 41 and 42: *The above provisions are liabiliti
Page 43 and 44: A. Significant Accounting PoliciesF
Page 45 and 46: Further, in terms of Draft Guidelin
Page 47 and 48: (P.Y. Rs. 4590 Lakhs). After adjust
Page 49 and 50: No. ofContractsAs at 31-03-2012 As
Page 51 and 52: 10. Expenditure in Foreign Currency
Page 53 and 54: E. Less Capital Recovery provided u
Page 55 and 56: Changes in the Fair Value of Plan A
Page 57 and 58: 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 79 and 80: ) Recognition at the end of Account
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 97 and 98:
) Recognition at the end of Account
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 and 110:
Benefits Paid - -Fair Value of Plan
Page 111 and 112:
value Rs. 1,000/- eachc) Earning Pe
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
Page 131 and 132:
------ ----~---------~-- ---~------
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 153 and 154:
Page 155 and 156:
Sub : Trade statistics of IRFC N1 f
Page 157 and 158:
Page 159 and 160:
Page 161 and 162:
Sub : Trade statistics of IRFC N2 f
Page 163 and 164:
SCRIP CODE TRADE DATE ABBREVIATEDNA
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
Ref. No. :NSE/LIST/2012Date :Decemb
Page 173 and 174:
Sub : Trade Statistics Report from
Page 175 and 176:
Page 177 and 178:
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
ANNXEUREIVCONSENT OF DEBENTURE TRUS
Page 227:
:,::O.F:.:iINi):nlA··' :.,: ." ":
show all

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

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?