Annual Report-FY 2012-13 - Timex Group India

(Rs. in lakhs)10. Intangible assets Computer Software TotalGross blockBalance as at 1 April 2011 25 25Additions 7 7Balance as at 31 March 2012 32 32Balance as at 1 April 2012 32 32Balance as at 31 March 2013 32 32AmortisationBalance as at 1 April 2011 11 11Amortisation for the year 4 4Balance as at 31 March 2012 15 15Balance as at 1 April 2012 15 15Amortisation for the year 5 5Balance as at 31 March 2013 20 20Net blockAs at 31 March 2012 17 17As at 31 March 2013 12 12Non currentCurrent31 March 2013 31 March 2012 31 March 2013 31 March 201211. Long-term loans and advancesTo parties other than related partiesCapital advances 3 22 -(Unsecured and considered good)3 22 - -Security deposits(unsecured)Considered good 248 342 101 -Considered doubtful 51 31 - -Less: Provision for doubtful security deposits (51) (31) - -248 342 101 -Other loans and advancesSecured and considered goodLoans to employees ** - 1 1 1Unsecured and considered goodAdvance income-tax [net of provision for taxRs. 620 lakhs (previous year Rs. 620 lakhs)] 101 27 - -101 28 1 1352 392 102 1*Amount disclosed under ‘Short term loans and advances’** Secured by hypothecation of respective vehicles.40