MARKET RADAR
SENSEX     NIFTY      
Moneycontrol.com India | Notes to Account > Finance - General > Notes to Account from India Infoline - BSE: 532636, NSE: INDIAINFO
YOU ARE HERE > MONEYCONTROL > MARKETS > FINANCE - GENERAL > NOTES TO ACCOUNTS - India Infoline
India Infoline
BSE: 532636|NSE: INDIAINFO|ISIN: INE530B01024|SECTOR: Finance - General
SET ALERT
|
ADD TO PORTFOLIO
|
WATCHLIST
  
LIVE
BSE
Feb 10, 17:00
67.95
2.7 (4.14%)
VOLUME 297,553
LIVE
NSE
Feb 10, 17:00
68.10
2.85 (4.37%)
VOLUME 1,077,981
Explore India Infoline connections « Mar 10
Notes to Accounts Year End : Mar '11
1.  At balance sheet date, there were outstanding commitments for
 capital expenditure (net of advances) to the tune ofRs 69,068,704
 (previous year Rs 104,993,301) of the total contractual obligation
 entered up to the end of the year.
 
 2.  The claims against the company not acknowledged as debt wereRs
 65,233,873. contingent liability on account of income tax matter
 amounts to Rs 9,249,439 (previous yearRs 7,695,910) the company has filed
 appeals with the tax authorities against the said demands.
 
 3.  The company has provided corporate Guarantee on behalf of the
 following subsidiaries.
 
 4.  The company has implemented employee Stock Options Scheme 2005,
 2007 and 2008 (ESOP Schemes) and has outstanding options granted under
 the said schemes. the options vest in graded manner and must be
 exercised within a specified period as per the terms of grants by the
 compensation / Remuneration committee and ESOP Schemes.
 
 5.  Pursuant to the resolution passed by the Board of Director of the
 company and in accordance with the provisions of the companies act,
 1956 and the Securities and exchange Board of India (Buyback of
 Securities) Regulations, 1998, the company made a public announcement
 on December 24, 2010, to buy-back the companys equity shares at a
 price not exceeding Rs 99 share, aggregating to Rs 1,040 mn. the buy-back
 was successfully completed and the company bought back 12,998,877
 equity shares and utilised maximum offer size of Rs 1,040 mn.
 
 6. The company recognised deferred tax assets since the management is
 reasonably / virtually certain of its profitable operations in future.
 as per accounting Standard 22 accounting for taxes on income, the
 timing differences mainly relates to following items and result in a
 net deferred tax asset.
 
 7.  Company has pledged fixed deposits to the extent ofRs 2,670.00 mn
 (previous year Rs 2,515.14 mn) with banks for bank guarantees/ overdraft
 facilities and with the stock exchanges.
 
 8.  In the opinion of the management, there is only one reportable
 business segment as envisaged by AS 17 Segment Reporting.
 accordingly, no separate disclosure for segment reporting is required
 to be made in the financial statements of the company.
 
 Secondary segmentation based on geography has not been presented as the
 company operates primarily in India and the company perceives that
 there is no significant difference in its risk and returns in operating
 from different geographic areas within India.
 
 9.  Financial income includes dividend on non trade and other
 investments of Rs 158,066,959 (previous year Rs 55,160,035), interest of
 Rs 696,477,129 (previous yearRs 186,282,511) and Profit on sale of
 investments Rs 150,992,725 (previous year Rs 80,746,527 ).
 
 10.  Interest expenses include the interest on debentures Rs 22,681,825
 (Previous year Rs 71,881,046) and discount on commercial paper Rs
 810,600,446 (Previous yearRs 22,623,911).
 
 11.  The company provides for the use by its subsidiaries certain
 facilities like use of premises, infrastructure and other
 facilities/services and the same are termed as Shared Services. the
 cost of such Shared Services are recovered from subsidiaries either on
 actual basis or on reasonable management estimates, which are
 constantly refined in the light of additional knowledge gained relevant
 to such estimation.
 
 12.  There are no dues to micro & small enterprises (MSEs) outstanding
 for more than 45 days.
 
 13.  Other requirements of Para 3 and 4 of part ii to Schedule VI of
 the companies act, 1956 are not applicable to the company.
 
 14.  Previous year figures have been regrouped, reclassified &
 rearranged, wherever considered necessary to conform to current years
 presentation.
Source : Dion Global Solutions Limited
Quick Links for indiainfoline
Follow moneycontrol.com

Explore Moneycontrol
Stocks     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | Others
Mutual Funds     A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.