Our endeavour is to enhance Stakeholders' Value - Uflex Ltd.

DIRECTOR’S AKC DEVELOPERS REPORT LIMITED
UFLEX LIMITED
12. In accordance with the Accounting Standard-22 (AS-22), regarding ‘Accounting for Taxes on Income’, issued by The Institute
of Chartered Accountants of India, the Cumulative Tax eff ects of signifi cant timing diff erences that resulted in Deferred Tax
Assets.
Deferred Tax
Assets/(Liability)
As At 01.04.2008
Current
Year
(Charge)/Credit
(Rupees)
Deferred Tax
Assets/(Liability)
As At 31.03.2009
A. Deferred Tax Assets
Unabsorbed business loss under the Income Tax Act,1961 21,858 (21,858) Nil
Others 5,508 527,912 533,420
Total (A) 27,366 506,054 533,420
B. Deferred Tax Liabilities
Excess of Book WDV of Fixed Assets over Tax WDV of Fixed Assets – (98,067) (98,067)
Total (B) – (98,067) (98067)
Net Deferred Tax Assets (Liability) (A-B) 27,366 407,987 435,353
13. DISCLOSURE IN RESPECT OF INVESTMENT IN MUTUAL FUNDS
Fund Name
Face
Value
(Rs)
Investment/ Purchase/
Switch In
Units in
Nos @
Amount Units in
Nos @
Redemption/Sale /
Switch Out
Amount Units in
Nos @
Balance
(Rupees)
Amount
HDFC Cash Management Fund 10 1,903,279 19,092,744 1,903,279 19,092,744 – –
Reliance Liquid Fund TP Retail Option 10 164,463 2,506,838 164,463 2,506,838 – –
Reliance Liquid Fund TP Institution
Option
10 3,173,608 48,515,577 3,173,608 48,515,577 – –
Reliance Money Manager Fund 1000 48,778 48,833,176 10,988 11,000,000 37,790 37,833,176
GRAND TOTAL 5,290,128 118,948,335 5,252,338 81,115,159 37,790 37,833,176
Notes: Signatories to Schedule 1 to 22
Vipin Mital
Director
For and on behalf of the Board of Directors
S.K. Arora
Asst. General Manager (F&A)
Place : NOIDA
Dated : 14th July, 2009
Vipin Agarwal
Director
Pankaj Gupta
Company Secretary
As per our report of even date attached
For Jain Singhal & Associates
Chartered Accountants
Pradeep Beri
Partner
M. No.: 82392
TWENTIETH ANNUAL REPORT 2008 - 2009 | 171 |
S U B S I D I A R I E S