Annual Report - Brandhouse Retails

BRANDHOUSE
R E T A I L S
8 TH ANNUAL REPORT 2011-12
d. Expenses recognised in the Statement of Profit and Loss (` in Lacs)
Particulars Year ended
31st March
2012
(gratuity)
81
Consolidated Notes to Financial Statements
Year ended
31st March
2011
(gratuity)
Year ended
31st March
2012 (Leave
Encashment)
Year ended
31 st March
2011 (Leave
Encashment)
Current Service Cost 14.29 23.86 14.17 18.83
Past Service Cost - 0.79 - -
Interest Cost 3.47 3.51 5.81 4.92
Net Actuarial (Gain) Loss Recognised in the
period
(2.77) (20.12) 14.59 (6.78)
Total expenses recognised in the Statement of
Profit and Loss
14.99 8.04 34.57 16.97
E. Experience Adjustment (` in Lacs)
Particulars As at 31st As at 31
March
2012 (gratuity)
st As at 31
March
2011 (gratuity)
st As at 31
March 2012
(Leave Encashment)
st
March 2011
(Leave Encashment)
On Plan Liability (Gain)/Loss 1.58 (17.71) - (2.98)
On Plan Assets (Loss)/Gains - - 13.33 -
NOTE: 31.
Estimated amount of Contracts remaining to be executed on capital account and not provided for ` 158.58 Lacs
(previous year ` 278.56 Lacs) (net of advances) & other commitments towards Lease Deposit ` 167.24 Lacs (Previous year Nil).
NOTE: 32.
The Company has become the holding company of Brandhouse Oviesse Ltd. on 29 th July, 2009. It additionally acquired by
virtue of subscription to 2,89,81,030 shares (Previous year 1,28,07,041 shares) i.e. 62.50 % paid-up Share Capital of the
Subsidiary on 28 th December 2011.
NOTE: 33
The Confirmation, reconciliation and adjustment of balances pertaining to Trade Receivable & Trade Payables is an ongoing
process. Such adjustments made and balances as on 31st March,2012 have been independently confirmed. As regards
outstanding Trade Receivables, the Company is of the opinion that the same are fully recoverable and hence no additional
provision is required to be made.
NOTE: 34.
Balances under the head Long Term Loan & Advances, are subject to confirmation from the respective parties and consequential
reconciliation/adjustment, if any. The necessary accounting effect, if any, will be given by the Company in the period of such
confirmation/reconciliation.
NOTE: 35.
The Premium payable on redemption of the above Non Convertible Debentures on maturity, amounting to ` 30.08 Lacs was
adjusted against Securities Premium Account disclose under the head provisions (Previous year – ` 161.49 Lacs).