1.  the estimated amount of contracts remaining to be executed on
 capital account and not provided for net of advances Rs. 357.28 Million
 (2010 - Rs. 597.03 Million).
 
 2.  Contingent Liabilities not provided for in respect of -
 
 (i) Claims against the Company pending appellate/judicial decisions :
 
 (a) sales tax Rs. 31.17 Million (2010 - Rs. 24.64 Million)
 
 (b) income tax Rs. 593.62 Million (2010 - Rs. 572.07 Million)
 
 (c) tax deducted at source Rs. 14.62 Million (2010 - Rs. Nil)
 
 (d) service tax Rs. 50.38 Million (2010 - Rs. Nil)
 
 (e) property tax Rs. 7.40 Million (2010 - Rs. 170.64 Million)
 
 (f) entertainment tax Rs. 12.93 Million (2010 - Rs. 9.65 Million)
 
 (g) Customs duty Rs. 429.66 Million (2010 - Rs. 452.50 Million) (h) esi
 dues Rs. 12.22 Million (2010 - Rs. 11.12 Million)
 
 (i) excise duty Rs. 35.33 Million (2010 - Rs. 19.49 Million)
 
 (j) others Rs. 14.92 Million (2010 - Rs. 21.47 Million)
 
 (ii) Guarantees given to Banks & Financial institutions for Rs. 1,947.00
 Million (2010 - Rs. 2,249.50 Million) against financial facilities availed
 of by the subsidiary, joint venture and associate companies.
 
 (iii) Counter guarantees issued to banks and remaining outstanding Rs.
 128.91 Million (2010 - Rs. 14.27 Million)
 
 3.  the Company issued 178,615,442 equity shares of Rs. 2 each on rights
 basis at a premium of Rs. 64 per share. these shares were allotted on
 26th March, 2011 and the total proceeds of the rights issue was Rs.
 11,788.62 Million. Accordingly, share Capital of the Company has gone
 up by Rs. 357.23 Million and securities premium has gone up by Rs.
 11,431.39 Million. expenses incurred in relation to the rights issue, Rs.
 111.14 Million have been written off against securities premium.
 
 4.  (i) the Company accounted for Rs. 967.60 Million and Rs. 526.76 Million
 under the head other income” during the Financial
 Years 2008-09 and 2009-10 respectively, on estimated basis on account
 of claims for loss of Profit due to business interruption caused by
 terrorist attack on 26th November, 2008 in Mumbai. during the year, the
 insurance Company fnally assessed the claim at Rs. 1,124.53 Million.
 Accordingly the resultant defcit of Rs. 369.83 Million has been treated
 as exceptional loss.
 
 (ii) the claim of the Company for material damage caused by terrorist
 attack on 26th November, 2008 in Mumbai has been assessed by the
 insurance Company at Rs. 174.22 Million on replacement value basis. the
 net book value of the assets damaged was Rs. 107.17 Million. the
 resultant surplus of Rs. 67.05 Million has been treated as exceptional
 income.
 
 5.  details of dues to Micro enterprises and small enterprises as
 defned under Micro, small & Medium enterprises development Act, 2006
 are given below. this is based on information made available to the
 Company.
 
 6.  Fixed deposits & 7 Year National savings Certifcates aggregating to
 Rs. 13.38 Million (2010 - Rs. 20.17 Million) have been lodged with the
 Banks/Government Authorities for obtaining guarantees or as security
 deposits.
 
 7.  (a) Freehold/Leasehold Land of perpetual nature and Buildings at
 some locations were revalued on 31st March, 1982 and
 31st March, 1993 resulting in a surplus of Rs. 2,863.88 Million which is
 included in the original cost. the valuation was carried out by an
 approved valuer on the basis of depreciated replacement cost. the
 nature of indices was not mentioned in the report. the surplus was
 transferred to revaluation reserve.
 
 (b) Buildings include construction cost of 850 car parking spaces
 amounting to Rs. 292.81 Million which as per the lease agreement dated
 4th May, 2001 with MMrd Authority will have to be transferred to the
 said Authority through a licence agreement for a licence fee of re. 1
 per annum as a condition precedent to the lease of the land for the
 Companys hotel in Mumbai known as trident, Bandra Kurla.
 
 8.  (a) depreciation has been provided for in the Accounts on straight
 Line Method” at the rates prescribed in schedule xiv to the Companies
 Act, 1956 except for specifc assets which are depreciated over the
 useful lives of the assets, which are not less than those prescribed
 under the Companies Act, 1956.
 
 (b) depreciation for the year as per Fixed Assets schedule (schedule-6)
 includes Rs. 29.99 Million (2010 - Rs. 29.99 Million) being depreciation on
 the increased value of building due to the effect of revaluation and,
 accordingly, the same has been adjusted from revaluation reserve
 Account.
 
 9.  Fixed Assets acquired under fnance lease amounted to Rs. 379.52
 Million (2010 - Rs. 346.77 Million) being the assets acquired between 1st
 April, 2001 to 31st March, 2011. these include an amount of Rs. 56.30
 Million (2010 - Rs. 32.39 Million) being assets acquired during the year
 under fnance lease and capitalised in line with the requirements of
 Accounting standard (As-19). depreciation for the year includes an
 amount of Rs. 48.46 Million (2010 - Rs. 42.08 Million) being depreciation
 charged on these assets.
 
 10.  disclosures in respect of Companys operating lease arrangements
 entered on or after 1st April, 2001 under Accounting standard (As-19)
 on Leases.
 
 (a) General description of the Companys operating lease arrangements :
 the Company has entered into operating lease arrangements primarily for
 offce premises, site offces, airport/fight services and residential
 premises for its employees. some of the signifcant terms and conditions
 of the arrangements are :
 
 - agreements are not non-cancellable in nature and may generally be
 terminated by either party by serving a notice;
 
 - the lease arrangements which are not non-cancellable are generally
 renewable by mutual consent on mutually agreeable terms.
 
 (b) the Company has given shops on rental basis which are not non
 cancellable and can be terminated by either party by serving a notice.
 
 (c) rent in respect of the above are charged/credited to the Profit and
 Loss Account.
 
 11.  investments held by the Company which are long term in nature are
 stated at cost unless there is any permanent diminution in value where
 provision for diminution is made on individual investment basis.
 earnings on investments are accounted for on accrual basis.
 
 12.  inventories are valued at cost which is based on
 First-in-First-out method or net realisable value, whichever is lower.
 unserviceable / damaged / discarded stocks and shortages are charged to
 the Profit and Loss Account.
 
 13.  in the case of Mashobra resort Limited (MrL”), several disputes
 with the Government of Himachal pradesh, the joint venture partner,
 were referred by the High Court of Himachal pradesh on 17th december,
 2003 to an arbitral tribunal consisting of a single arbitrator whose
 award has been challenged by both the Company and MrL, amongst others.
 the operation of the arbitration award has been stayed pending
 substantive hearing of the applications by the High Court.
 Consequently, the status quo ante of the entire matter stands restored
 to the position as on 17th december, 2003 and the hotel is being
 operated by MrL accordingly.  the Company vide its letter dated 4th
 April, 2011 requested MrL to account for the entire amount of Rs.
 1,293.03 Million provided to MrL upto 31st March, 2011 as ‘Advance
 towards equity, including Rs. 130.00 Million being the opening balance
 of ‘Advance towards equity. in view of the above, the Company has
 shown the said amount of Rs. 1,293.03 Million as ‘Advance towards equity
 in its books. Considering this and the intrinsic value of the hotel
 property, the ‘Advance towards equity in MrL has been considered good.
 
 14.  interest debited to the Profit and Loss Account is net of interest
 capitalised amounting to Rs. 17.73 Million (2010 - Rs. 253.14 Million).
 
 15.  the Company has calculated its tax liability after considering
 Maximum Alternative tax (MAt). this has not resulted in an additional
 expense as MAt is to be set off against any future tax liability and
 accordingly MAt credit entitlement has been shown under Loans &
 Advances in the Balance sheet.
 
 16.  the Company is not required to give any quantitative and
 value-wise information in respect of purchase, consumption, turnover,
 stocks etc. as the same is exempted vide Notifcation No. s.o. 301(e)
 dated 8th February, 2011 issued under section 211(3) of the Companies
 Act, 1956 by the Ministry of Corporate Affairs, Government of india.
 
 17.  in respect of printing business, the installed printing capacity
 as on 31st March, 2011 was 850 Million standard impressions (2010 – 850
 Million). the actual production during the year was 690 Million
 standard impressions (2010 – 575 Million). the installed printing
 capacity and actual production have have been certifed by the
 management and relied upon by the Auditors, being a technical matter.
 
 18.  (a) inventory of provision, Wines & others includes stock of
 paper, ink etc. at year end Rs. 57.19 Million (2010 - Rs. 50.87 Million)
 
 (b) Consumption of provisions, Wines and others includes consumption of
 paper, ink etc. Rs. 382.28 Million (2010 - Rs. 402.27 Million)
 
 19. the Company and L&t urban infrastructure Limited, the two joint
 venture partners in L&t Bangalore Airport Hotel Limited (BAHL), have
 decided, subsequent to Balance sheet date, to terminate the joint
 venture, by transfer of the shareholding to a prospective buyer. in the
 opinion of the Company, the cost at which the investment in BAHL
 appears in the Balance sheet of the Company will be recovered in full.
 
 20.  the details of transactions entered into with related parties
 during the year are as follows: 
 
 
 NAMES OF THE RElATED PARTIES
 
 (I) Subsidiary companies country of
 
 Incorporation
 
 (i) Mercury Car rentals Limited india
 
 (ii) Mashobra resort Limited india
 
 (iii) oberoi Kerala Hotels and resorts Limited india
 
 (iv) Mumtaz Hotels Limited india
 
 (v) eiH Flight services Limited Mauritius
 
 (vi) eiH international Ltd.  British virgin islands
 
 (vii) eiH Holdings Limited British virgin islands
 
 (viii) eiH Marrakech Ltd.  British virgin islands
 
 (ix) J&W Hongkong Ltd Hongkong
 
 (x) oberoi turtle Bay Ltd.  Mauritius
 
 (xi) eiHH Corporation Ltd.  Hongkong
 
 (xii) eiH investments Nv Netherlands Antilles
 
 (xiii) eiH Management services Bv the Netherlands
 
 (xiv) pt Widja putra Karya indonesia
 
 (xv) pt Waka oberoi indonesia indonesia
 
 (xvi) pt Astina Graha ubud indonesia
 
 (II) Associates & Joint Ventures
 
 (i) EIH Associated Hotels Limited india
 
 (ii) L & t Bangalore Airport Hotel Limited india
 
 (iii) Golden Jubilee Hotels Limited india
 
 (iv) oberoi Mauritius Ltd.  British virgin islands
 
 (III) Enterprises in which key Management Personnel have signifcant
 infuence
 
 (i) oberoi Hotels private Limited india
 
 (ii) oberoi properties private Limited india
 
 (iii) oberoi Holdings private Limited india
 
 (iv) oberoi investments private Limited india
 
 (v) oberoi Buildings and investments private Limited india
 
 (vi) oberoi plaza private Limited india
 
 (vii) Bombay plaza private Limited india
 
 (viii) oberoi Leasing & Finance Company private Limited india
 
 (ix) Aravali polymers LLp india
 
 (x) island Hotel Maharaj Limited india
 
 (IV) key Management Personnel
 
 (i) Mr. p.r.s. oberoi - Chairman & Chief executive
 
 (ii) Mr. s.s. Mukherji - vice Chairman
 
 (iii) Mr. v.s. oberoi - Chief operating officer and Joint Managing
 director
 
 (iv) Mr. A.s. oberoi - Chief planning officer and Joint Managing
 director
 
 a) Contingent liability that eiH Limited has incurred in relation to
 its interests in joint ventures and its share in each of the contingent
 liabilities which have been incurred jointly with other venturers :-
 Guarantees given to Banks and Financial institutions for Rs. 1,024.00
 Million (2010 - Rs. 1,150.00 Million) against financial facilities availed
 by the jointly controlled entities.
 
 b) eiH Limiteds share of the contingent liabilities of the joint
 ventures themselves : Rs. 39.95 Million (2010 - Rs. 11.87 Million).
 
 c) eiH Limited is not liable for the liabilities of the other venturers
 of any joint venture.
 
 d) there are no capital commitments of eiH Limited in relation to its
 interest in joint ventures and there are no capital commitments that
 have been incurred jointly with other venturers.
 
 e) eiH Limiteds share of capital commitments of the joint ventures
 themselves amounts to Rs. 414.65 Million (2010 - Rs. 209.42 Million).
 
 21. the previous years fgures have been regrouped, rearranged and
 reclassifed wherever necessary. Amounts and other disclosures for the
 preceding year are included as an integral part of the current financial
 statements and are to be read in relation to the amounts and other
 disclosures relating to the current year.