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KSB Pumps
BSE: 500249|NSE: KSBPUMPS|ISIN: INE999A01015|SECTOR: Pumps
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« Dec 12
Notes to Accounts Year End : Dec '13
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
 benefit plans
 
 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
 34,807,844.
 
 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
 classification/ disclosure.
Source : Dion Global Solutions Limited
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