Peninsula Land
BSE: 503031 | NSE: PENINLAND | ISIN: INE138A01028 | Construction & Contracting - Housing
- Directors Report
- Chairman's Speech
- Auditors Report
- Notes To Accounts
- Accounting Policy
- Finished Products
- Raw Materials
| Notes to Accounts | Year End : Mar '09 |
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. |
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| Source : Religare Technova | |
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