Notes: 1. Cash Flow statement has been prepared following Indirect
 method
 
 2.  Figures of previous year has been regrouped/restated/reclassified
 wherever necessary
 
 a)The Government of Tamil Nadu allotted land to TNPL for construction
 of Corporate Office building for Rs.44.37 lakh. The transfer of title
 of the said Land in favour of the company is yet to be done pending
 completion of necessary formalities.
 
 b) The Company availed of lease finance for 4 Nos of 750KW capacity
 each Wind Electric Generators in 2001 with lease rentals payable upto
 31.03.2007. The Company has not opted for a secondary lease and hence
 no provision is made for secondary lease rent in the books. The formal
 transfer of assets by the lessor to TNPL is pending completion of
 certain formalities.
 
 c) The company has entered into an agreement with M/s. Sakthi Sugars
 Limited (SSL), Appakudal for procurement of bagasse on a fuel
 substitution. As per the terms of the agreement, TNPL would bear
 initially entire capital cost. The sugar mill has to reimburse the 50%
 of the capital cost and pay the same in 35 quarterly installments
 bearing interest @ 9%. On completion of the payment, TNPL and the sugar
 mill will have joint ownership and equal rights on the assets installed
 at Appakudal.
 
 d) Additions to assets includes a sum of Rs.8448.87 lakhs towards
 adjustment of effects of changes in Foreign Exchange rates relating to
 Foreign Currency Long-term loans availed of for acquisition of
 depreciable fixed assets.
 
 # Includes Rs.143.51 lakhs towards adjustment of effects of changes in
 Foreign Exchange Rates relating to Foreign Currency Long-Term loans
 availed of for acquisition of depreciable fixed assets.
 
 * Excluding cost of Bagasse procured in lieu of steam/fuel supplied.
 
                                                      (Rs.in Lakh)
 
 Note I                                 As at              As at
 Particulars                       31/03/2012         31/03/2011
 
 1 CONTINGENT LIABILITIES AND 
    COMMITMENTS (TO THE EXTENT 
    NOT PROVIDED FOR)
 
 A) CONTINGENT LIABILITIES
 
 a) Claims against the company 
    not acknowledged as debts - 
    Statutory Dues
 
 i) Income-tax                        2808.57            865.32
 
 ii) Wealth Tax                         19.46             19.46
 
 iii) Custom Duty                      271.21            271.21
 
 iv) Excise Duty                     27747.48          10600.95
 
 b) Claims against the company 
    not acknowledged as debts 
    - Others
 
 i) Corporate Office - Land             22.80             22.80
 
 ii) Land Acquisition Claims           134.67            131.54
 
 iii) Cess on Land Lease at 
      Perungudi - Wind farm             37.94             37.94
 
 iv) Interest on Water Royalty 
     paid belatedly                     82.48             82.48
 
 v) Lease - Wind Mill                    8.12              8.12
 
 vi) Interest - ABFSL                  138.24            138.24
 
 vii) Property Tax                     305.86              0.00
 
 viii) Others                          160.23             23.33
 
 c) Concession in custom duty 
    availed for imports cleared
    under EPCG Scheme                 2187.07           4373.39
 
 d) Revenue sharing agreement 
    under captive plantation 
    Non-Quantifiable
 
 e) Guarantees issued by the 
    banks on behalf of the Company    1520.00           1834.85
 
 f) Letter of Credit issued by 
    banks on behalf of the Company    9307.67           3926.26
 
                                     44751.80          22335.89
 
 B) COMMITMENTS
 
 a) Estimated amount of contracts 
    remaining to be executed on 
    capital account and not 
    provided for                      2863.46          17759.52
 
                                      2863.46          17759.52
 
    Total                            47615.26          40095.41
 
 f) OTHER CURRENT LIABILITIES: 
 
 Other payables includes:
 
 a) Rs.2410.35 lakh being the guarantee commission in respect of IBRD
 Loan guaranteed by Govt. of India lying since 2002
 
 b) Rs.2119.69 lakh being Electricity Generation Tax for the generation
 of energy from captive generation plant for own use.
 
 g) Confirmation of balances from Debtors, Creditors and for Loans and
 Advances have been received and the same is being reconciled
 
 h) Farm Forestry Expenditure is charged-off to the Statement of Profit
 and Loss, in the year in which it is incurred, since it could not be
 matched with wood procured from farmers.
 
 i) Non Moving Stores & Spares
 
 Stores and spares not drawn for use for more than three years as at the
 end of the year are charged to revenue. Such stores and spares are
 carried at nil value in the books and in the year of issue, charged to
 revenue at nil value.
 
 j) i) Pursuant to insertion of paragraph 46A in Accounting Standard -
 11 (AS-11) by the Companies (Accounting Standard) (Second Amendment)
 Rules, 2011 vide Notification GSR 913(E) & Notification No.GSR 914(E)
 dated 29-12-2011, issued by the Ministry of Corporate Affairs,
 Government of India, the Company has exercised the option of
 capitalizing the exchange losses on Long Term Foreign Currency Loans in
 relation to depreciable fixed assets with effect from 01-04-2011 and
 capitalized Rs.8592.38 lakh.
 
 ii) If the company had followed the earlier accounting policy of
 charging such exchange losses to Statement of Profit and Loss, the
 profit before tax would have been lower by Rs.9560.81 lakh and the
 depreciation would have been lower by Rs.427.74 lakh.
 
 iii) During the year, the Company had unwound the derivative contracts
 booked for hedging of Long-term Foreign Currency Loans. The net gain
 recognized in the Statement of Profit and Loss on account of unwinding
 of derivative contracts amounts to Rs.9988.55 lakh. This amount is
 disclosed as Exceptional Item.