2007-08 - Aditya Birla Nuvo, Ltd

SCHEDULESSCHEDULE 19 (Contd.)SIGNIFICANT ACCOUNTING POLICIES AND NOTES ON ACCOUNTS15. The following amount are included in the Miscellaneous Expenses inProfit and Loss Account:Current YearRs. CroresPrevious Yeara) Foreign Exchange difference (Net) (2.28) (0.40)b) All Insurance Claims (unless clearly identifiable with the respectiveheads of expenses and Loss of Profit policy) (4.10) (2.57)c) Unspent liabilities, excess provision and unclaimed balances inrespect of earlier years written back (net of short provision andsundry balances written off ) (5.43) (9.36)d) (Profit)/Loss on sale/discard of Fixed Assets (Net) (7.18) (2.66)16. The Donation includes Contribution to General Electoral Trust for politicalpurpose for distribution to political parties/persons 0.30 —17. The Company has taken certain office premises, showrooms andresidential houses on non-cancellable operating lease.a) The future minimum lease rental payments, in respect of thenon-cancellable operating lease, are as follows:i) Not later than one year 66.59 34.30ii) Later than one year and not later than five years 56.64 27.89iii) Later than five years — —18. The Company has given certain Plant and Machinery (Storage Tank)on non-cancellable operating lease.The Gross carrying amount of the above referred assets 4.90 4.90The accumulated depreciation for the above assets 1.36 1.12The depreciation for the above assets for the year 0.23 0.23The future minimum lease rental, in respect of the aforesaid lease, is as follows:i) Not later than one year 1.71 1.70ii) Later than one year and not later than five years 2.53 2.95iii) Later than five years 0.46 0.5419. EXCEPTIONAL ITEMSThe Company has sold its undertaking Rajashree Syntex (RST), Midnapur, as of June 30, 2007, on a going concernbasis for a consideration of Rs. 5.06 Crores and profit on sale of Rs. 0.73 Crores has been reflected under the head“Gain on sale of undertaking”. The RST is reported as a part of “Textiles” business segment.(100)