1.  Valuation of Investments
 
 The Investments made by the company appear at cost inclusive of
 acquisition charges. Provision is made for diminution in value, if any,
 considering the nature and extent of temporary/permanent diminution.
 
 2.  Recognition of Revenue
 
 Revenue is recognised in compliance with the following:
 
 i) Dividend from investments – on establishment of the Company''s right
 to receive.
 
 ii) Interest – on a time proportion basis taking into account the
 outstanding principal and the relative rate of interest.
 
 3.  Accounting for Borrowing Cost
 
 Borrowing Costs, if any, that are directly attributable to the
 acquisition, construction or production of assets which take
 substantial period of time to get ready for its intended use are
 capitalised as part of the cost of these assets. Other borrowing costs
 are recognised as expense in the period in which they are incurred.