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Annual Report 2011-12
7. DEFERRED TAX LIABILITIES (NET)
112
Particulars Company and
its subsidiaries
As at
31 March, 2012
Deferred tax liabilities
Differences in depreciation in block of fixed assets as
per tax books and financial books
(` in lacs)
Joint Venture Total Total
As at
31 March, 2012
As at
31 March, 2012
As at
31 March, 2011
7,095.86 - 7,095.86 7,011.76
Effect of Income accrued on investment - - - 62.22
Gross deferred tax liabilities
Deferred tax assets
7,095.86 - 7,095.86 7,073.98
Share issue expenses allowed for tax purposes in future
years u/s 35D of Income Tax Act
Effect of expenditure adjusted from share issue
271.15 - 271.15 358.75
expenses in earlier years but allowable for tax purposes
in following years
Effect of expenditure debited to profit and loss account
3.21 - 3.21 6.43
in the current year/earlier years but allowed for tax
purposes in following years
1,284.47 - 1,284.47 1,295.36
Provision for doubtful debts and advances 936.58 - 936.58 578.09
Gross deferred tax assets 2,495.41 - 2,495.41 2,238.63
Deferred tax liabilities (net) 4,600.45 - 4,600.45 4,835.35
8. OTHER LONG TERM LIABILITIES
Particulars Company and
its subsidiaries
As at
31 March, 2012
(` in lacs)
Joint Venture Total Total
As at
31 March, 2012
As at
31 March, 2012
As at
31 March, 2011
Trade payable 230.10 - 230.10 289.50
Others
Outstanding dues of other creditors - - - 180.64
Advance from customers 183.00 - 183.00 44.00
183.00 - 183.00 224.64
TOTAL 413.10 - 413.10 514.14
9. LONG TERM PROVISIONS
Particulars Company and
its subsidiaries
As at
31 March, 2012
(` in lacs)
Joint Venture Total Total
As at
31 March, 2012
As at
31 March, 2012
As at
31 March, 2011
Provision for employee benefits
Provision for gratuity (Refer note 41) 386.34 - 386.34 223.38
Provision for Leave encashment 32.23 - 32.23 29.20
TOTAL 418.57 - 418.57 252.58