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Moneycontrol.com India | Notes to Account > Trading > Notes to Account from Deccan Gold Mines - BSE: 512068, NSE: N.A
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Deccan Gold Mines
BSE: 512068|ISIN: INE945F01025|SECTOR: Trading
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« Mar 11
Notes to Accounts Year End : Mar '12
31.03.2012      31.03.2011 
                                         Rs. in Lacs      Rs. in Lacs
 
 1.  Capital Commitments                       Nil            Nil
 
 2.  Claims made against the company but
     not acknowledged as debts                 Nil            Nil
 
 3.  Contingent Liabilities on 
     disputed Income Tax                      2.57           20.27
 
 4.  Additional information pursuant to 
     para 3 & 4 of para ii of schedule VI 
     of the Companies Act, 1956.
 
                                          31.03.2012     31.03.2011
                                        Rs. in (''000)    Rs. in (''000)
 
 1.  Expenditure in foreign currency          Nil           22.41
 
 2.  Earning in foreign currency              Nil            Nil
 3.  Payment to Auditors :
 
 - Audit Fees                                 105             105
 
 5. The Company undertook activities for exploration of gold at various
 sites. Commercial production of gold has not commenced and therefore it
 is the Company''s intention to account for all the exploration
 expenditure of Rs 967.65 Lacs as noted in schedule ''2 c'' to the Balance
 Sheet as pre-operative expenditure which will be charged to the profit
 & loss account as and when the commercial activities/production
 commences.
 
 6.  The company has not received information from creditors regarding
 their status under the Micro, Small and Medium Enterprises Development
 Act, 2006 and hence disclosure relating to amount unpaid at the end of
 the year under this act has not been given. There were no claims for
 interest on delayed payments.
 
 7.  Segment Reporting:
 
 The Company is mainly engaged in the business of gold exploration and
 mining. Considering the nature of business and financial reporting of
 the Company, the Company has only one segment viz; Gold Mining and
 Exploration as reportable segment.
 
 8.  Previous year figures have been re-grouped, re-arranged wherever
 considered necessary.
Source : Dion Global Solutions Limited
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