1 Contingent liabilities:
 
 Claims received but not acknowledged as debts*:
 
                                                       (in Rs 000)
 
                                                  As at          As at
 
                                           31 March 2010   31 March 2009
 
 - Excise duty demand (including                64,307          64,307 
 penalty)
 
 - Customs duty                                     -              703
 
 - Port charges                                  1,803           1,803
 
 - Service tax (including penalty)              11,494          11,494
 
 - Income tax                                   57,216          57,216
 
 - Sales tax                                     2,064           2,064
 
 - Value added tax                               5,806           5,806
 
                                               142,690         143,393
 
 
 *The Company has received demands/ notices from various authorities as
 above. The Company is contesting these and the disputes are outstanding
 at various levels. Pending final settlement of these cases, the Company
 considers all the amounts described above as contingent liability.
 
 2 Estimated amount of contracts remaining to be executed on capital
 account (net of advances) and not provided for amount to Rs. 65,915
 thousand (Previous year Rs. 3,546 thousands).
 
 3 The Company has established a comprehensive system of maintenance of
 information and documents as required by the transfer pricing
 legislation under Sections 92 - 92F of the Income Tax Act, 1961. Since
 the law requires existence of such information and documentation to be
 contemporaneous in nature, the Company continuously updates its
 documentation for the international transactions entered into with the
 associated enterprises during the financial year as required under law.
 The management is of the opinion that its international transactions
 are at arms length so that the aforesaid legislation will not have any
 impact on the financial statements, particularly on the amount of tax
 expense and that of provision for taxation.
 
 4.  Based on the confirmations received, Rs 5,341 thousand (previous
 year Rs 4,140 thousand) is due to micro and small enterprises under the
 Micro, Small and Medium Enterprises Development Act, 2006 as at 31
 March 2010.  However, no amounts were outstanding to micro and small
 suppliers for more than 45 days from the date of acceptance.
 
 5.  Operating lease
 
 a) The Company has taken on lease godowns for storage of inventories,
 offices for branch activities, residential accommodation for employees
 and computers for office use, with an option of renewal at the end of
 the lease term and escalation clause in a few cases. These leases are
 in the nature of cancellable operating leases. Lease payments amounting
 to Rs. 1,825 thousand (Previous year Rs. 2,488 thousand) have been
 charged to the Profit and Loss Account.
 
 b) During the previous year, the Company entered into Leave and License
 agreement for leasing a portion of factory premises with Salora
 International Limited and Panasonic India Private Limited (formerly
 known as Panasonic Sales and Services India Private Ltd)., with an
 option of renewal at the end of the lease term. This lease is in the
 nature of cancellable operating lease. Income from this lease amounts
 to Rs. 4,538 thousand (Previous year Rs. 4,731 thousand).
 
 6.  Related party transactions
 
 Related party disclosures as required under Accounting Standard 18 on
 Related Party Disclosures is given below: a) Related party and nature
 of related party relationship where control exists:
 
 Key management personnel                  Mr. I. Kitahara
 
                                           Mr. M. Okamoto 
 
                                           Mr. R.P. Khaitan (till 
 
                                               9 April 2009)
 
 Associates                                Salora International Limited 
                                           (till 9 April 2009)
 
 Fellow subsidiary companies
 
 Overseas fellow subsidiaries              Local fellow subsidiaries
 
 Panasonic Factory Solutions Singapore 
 Pte Limited                               Panasonic India Private 
                                           Limited
 
 Panasonic Trading (S) Pte Ltd
 
 PT. Panasonic Manufacturing Indonesia Panasonic Energy India Co.
 Limited
 
 Panasonic AVC Networks Thailand Co. Limited
 
 Panasonic AVC Networks Kuala Lumpur SDN
 
 BHD Malaysia
 
 Panasonic Industrial Asia Pte Limited
 
 Panasonic Trading Malaysia SDN BHD
 
 MT Picture display devices Limited
 
 IPS Alpha Technology Limited
 
 Panasonic AVC Networks Shandong Co., Limited
 
 Panasonic Asia Pacific Pte Limited
 
 Panasonic Logistics (Hong Kong) Co. Limited
 
 Beijing Matsushita Color CRT Co. Ltd
 
 Panasonic AVC Networks Vietnam
 
 7.  Previous years figures have been regrouped / re-arranged,
 wherever necessary, to conform to the current years  groupings / 
 classifications.