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

More documents

Recommendations

Info

6) Fixed AssetsFixed assets are stated at cost, less accumulated depreciation. Costs include allexpenses incurred to bring the assets to their present location and condition.Depreciation on fixed assets is charged on straight line method at the rates prescribedin Schedule XIV to the Companies Act, 1956, on pro-rata basis.7) (a) Securitisation of Lease ReceivablesLease Receivables securitised out to Special Purpose Vehicle in a securitisationtransaction are de-recognised in the balance sheet when they are transferred andconsideration has been received by the Company. In terms of the guidelines onSecuritisation of Standard Assets issued by the Reserve Bank of India vide their circularno.DBOD.No.B.P.BC.60/21.04.048/2005-06 dated 1 st February 2006, the Companyamortises any profit arising from the securitisation over the life of the Pass ThroughCertificates (PTCs) / Securities issued by the Special Purpose Vehicle (SPV). Loss, ifany, is recognised immediately in the Profit & Loss Account.(b) Assignment of Lease ReceivablesLease Receivables assigned through direct assignment route are de-recognised in thebalance sheet when they are transferred and consideration has been received by theCompany. Profit or loss resulting from such assignment is accounted for in the year oftransaction.8) Bond Issue Expenses and Expenses on Loans, Leases and Securitisation Transactiona) Bond Issue expenses including management fee on issue of bonds (except discounton deep discount bonds) incurred during the year are charged to Profit and LossAccount. Upfront discount on deep discount bonds is amortised over the tenor of thebonds.b) Documentation, processing & other charges paid on Long Term Loans are charged tothe Profit & Loss Account in the year loan is sanctioned / availed.c) Incidental expenses incurred in connection with the Securitisation transactionexecuted during the year are charged to the Profit and Loss Account.9) Taxes on IncomeTax expense comprises of Current Tax, Deferred Tax and Fringe Benefit Tax.Provision for current income tax and fringe benefit tax is made in accordance with theprovisions of the Income Tax Act, 1961.Deferred tax expense or benefit is recognised on timing differences, being thedifference between taxable incomes and accounting income, that originate in oneperiod and are capable of reversal in one or more subsequent periods. Deferred taxassets and liabilities are measured using the tax rates and tax laws that have beenenacted or substantively enacted by balance sheet date.
10) Employee BenefitsEmployee Benefits are valued and disclosed in the Annual Accounts in accordance withAccounting Standard-15 (Revised).a) Short-term employee benefits are recognised as an expense at the undiscountedamount in the Profit & Loss Account of the year in which the related service isrendered.b) Long-term employee benefits are recognised as an expense in the Profit & LossAccount for the year in which the employee has rendered services. The expense isrecognised at the present value of the amount payable as per actuarial valuations.Actuarial gain and losses in respect of such benefits are recognised in the Profitand Loss Account.11) Provisions, Contingent Liabilities and Contingent AssetsThe Company recognises provisions when it has a present obligation as a result of apast event. This occurs when it becomes probable that an outflow of resourcesembodying economic benefits might be required to settle the obligation and when areliable estimate of the amount of the obligation can be made.Provisions are determined based on management estimate required to settle theobligation at the balance sheet date. These are reviewed at each balance sheet dateand adjusted to reflect the current management estimates. In cases where theavailable information indicates that the loss on the contingency is reasonably possiblebut the amount of loss cannot be reasonably estimated, a disclosure is made in thefinancial statements.Contingent Assets, if any, are not recognised in the financial statements since this mayresult in the recognition of income that may never be realised.Notes on Accounts1.(a) Lease rental has been charged on the assets leased from the first day of the monthin which the assets have been identified and placed on line.(b) Ministry of Railways (MOR) has charged interest on the value of the assets identifiedprior to the payments made by the company, from the first day of the month inwhich the assets have been identified and placed on line to the first day of themonth in which the money is paid to the MOR. However, no interest is charged fromthe MOR on the amount paid by the company prior to the identification of Rollingstock by them.(c) (i) Interest rate variation on the floating rate linked rupee borrowings and interestrate and exchange rate variations on interest payments in case of the foreigncurrency borrowings are adjusted against the Lease Income in terms of the variationclauses in the lease agreements executed with the Ministry of Railways. During theyear, such differential has resulted in an amount of Rs.8258 Lacs accruing toCompany (P.Y. Rs.7773 Lacs), which has been accounted for in the Lease Income.
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 and 32:
(f) (i) Interest rate variation on
Page 33 and 34:
1 JPY 3 Billion 37.04 Million 1 JPY
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: ) Recognition at the end of Account
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 ...

Create successful ePaper yourself

Delete template?

Save as template?