JM FINANCIAL PRODUCTS LIMITED - Bombay Stock Exchange

29 Lease Transactions:
Finance leases
The Company has taken vehicles on finance lease for a period of 36 months. The minimum lease rentals outstanding
as at the year end are as under:
32
Total Minimum
Lease Payments
outstanding as
at the year end
Interest
expenses
Present value
of the
minimum
lease
payments
Due Rupees Rupees Rupees
Not later than one year 2,497,577 723,268 1,774,309
(919,776) (185,510) (734,266)
Later than one year and not later than five years 2,267,873 427,895 1,839,978
(960,996) (65,522) (895,474)
Later than five years - - -
(-) (-) (-)
TOTAL 4,765,450 1,151,163 3,614,287
Figures in brackets are for previous year
(1,880,772) (251,032) (1,629,740)
Operating leases
The Company has taken certain premises on non-cancellable operating lease basis. The tenure of such agreements
ranges from 9 months to 36 months. The minimum lease rentals outstanding in respect of these are as under:
Total
Minimum
Lease
Payments
outstanding
as at 31st
March, 2012
Total
Minimum
Lease
Payments
outstanding
as at 31st
March, 2011
Not later than one year 1,070,000 4,180,000
Later than one year and not later than five years - 495,000
Later than five years - -
TOTAL 1,070,000 4,675,000
Lease payments recognised in the Profit and Loss Account for the year are Rs. 4,504,333/- (Previous Year Rs.
4,510,000/-).
The Company has taken certain assets (Premises and Furniture and Fixtures) on cancellable operating lease for the
periods of 66 months. Lease payments recognised in the Profit and Loss account for the year in respect thereof
aggregate Rs. 21,170,180/- (Previous Year Rs. 29,973,240/-).