Peninsula Land

1 The Company has granted stock options to employees under the
 Employees Stock Option Scheme at grant price of Rs. 70/- (face value
 Rs. 2/-).
 
 2 Amount transferred to Debenture Redemption Reserve includes Rs. Nil
 (Previous year Rs.947 lakhs) created in respect of earlier years.
 
 3 Recognition of Income and Expenses for ongoing projects are based on
 expected sales value and estimated costs, as per the judgement of the
 Management and certificates of Architect being technical matter.
 
 4 Donation includes Rs.5.10 Lakhs (Previous Year Rs. 2.72 Lakhs) paid
 to political parties.
 
 5 Leases
 
                                   As at 31.03.2009   As at 31.03.2008
                                     (Rs. in Lakhs)  (Rs. in Lakhs)
 
 6 (a) Contingent Liabilities Not Provided for:
 
 Tax assessments in appeal             1,227.17            4,063.83
 (b) Capital Commitments                  21.85              453.00
 
 7 Employee Benefits
 
 The Company has funded its gratuity obligation under Group Gratuity
 Policy managed by LIC. The disclosures stated below have been obtained
 from independent actuary, as the figures from LIC were not available.
 In view of this, certain disclosures such as investment pattern could
 not be provided. The other disclosures in accordance with AS-15
 (Revised) pertaining to Defined Benefit Plans are given below.