Note 1 - Research and Development expenditure debited to the Statement
of Profit and Loss aggregating Rs. 2.43 Million (previous year - Rs. 2.06
Million) has been incurred by the Company and disclosed under
appropriate account heads.
Note 2 - The net exchange differences arising during the year
recognised appropriately in the Statement of Profit and Loss - net
loss- Rs. 0.43 Million (previous year - net loss - Rs. 17.61 Million)
Note 3 Disclosures under Accounting Standards
1.1 Details of Employee Benefits as required by the Accounting
Standard 15 (Revised) Employee benefits are as under:
1.2.a Defined contribution Plan Amount recognised as an expense in the
Statement of Profit and Loss in respect of Defined Contribution Plan is
Rs. 48.63 Million (previous year Rs. 43.72 Million). 36.1.b Defined
i. Actuarial gains and losses in respect of defined benefit plans are
recognised in the Statement of Profit & Loss.
ii. The Defined Benefit Plans comprise of Gratuity and superannuation.
Gratuity is a benefit to an employee based on 15/ 20/ 25/ 30 days
(depending on the grade/ category of the employee and the completed
years of service) last drawn salary for each completed year of service.
Superannuation is a benefit to certain employees at Rs. 1000/ 500/ 250
(depending on the grade/ catagory of the employee and the completed
years of service) per month for each completed year of service. Both
the plans are funded.
Note 3 - Where a financial report contains both consolidated financial
statements and separate financial statement for the parent, segment
information needs to be presented only in case of consolidated
financial statements. Accordingly, segment information has been
provided only in the consolidated financial statements.
Note 4 - Earnings per Share
(a) The amount used as the numerator in calculating basic and diluted
earnings per share is the Profit for the year after tax disclosed in
the Statement of Profit and Loss.
(b) The weighted average number of equity shares used as the
denominator in calculating both basic and diluted earnings per share is
Note 5 - Repairs to machinery include Rs. 43.17 Million (previous year -
Rs. 40.23 Million) spares consumed.
Note 6 - Provision for taxation for the year is an aggregate of the
provision made for the year ended 31st March, 2013 as reduced by the
provision for 9 months up to 31st December, 2012 and the provision
based on the figures for the remaining 9 months up to 31st December,
2013. However, the ultimate tax liability for the remaining 9 months up
to 31st December, 2013 will be determined based on the results for the
year 1st April, 2013 to 31st March, 2014.
Note 7 - Previous year''s figures have been regrouped/ reclassified
wherever necessary to correspond with the current year''s