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Moneycontrol.com India | Notes to Account > Cement - Major > Notes to Account from UltraTech Cement - BSE: 532538, NSE: ULTRACEMCO

UltraTech Cement

BSE: 532538  |  NSE: ULTRACEMCO  |  ISIN: INE481G01011  |  Cement - Major

Explore UltraTechCement connections « Mar 08
Notes to Accounts Year End : Mar '09
1.  Contingent Liabilities not provided for in respect of:
 
                                                         Rs. in Crores 
                                                         Previous Year
 
 Claims not acknowledged as debts in respect of matters in appeals
 
 (a)   Sales-tax liability                       60.72           51.30
 
 (b)   Excise duty                               46.71           27.35
 
 (c)   Royalty on Limestone/ Marl                41.01           43.27
 
 (d)   Customs                                    0.11            0.11
 
 (e)   Others                                    36.43           31.82
 
 2.  The Ministry of Textiles, vide its orders dated June 30, 1997 and
 July 1, 1999 has deleted cement from the list of commodities to be
 packed in Jute bags under the Jute Packaging (Compulsory Use in Packing
 Commodities) Act, 1987. In view of this, the Company does not accept
 any liability for non-despatch of cement in Jute bags in respect of
 earlier years.
 
 3.  Estimated amount of contracts remaining to be executed on capital
 account and not provided for (net of advances) Rs. 170.09 Crores
 (Previous Year Rs. 491.32 Crores).
 
 4.  There is no principal amount overdue to the Micro, Small & Medium
 enterprises.
 
 No interest payable on overdue outstanding to the Micro, Small & Medium
 enterprises as on March 31, 2009. (Previous Year Rs. 0.04 Crore)
 
 5.  During the current year the Company has revised estimated useful
 life of some of the Assets. On account of which, depreciation is higher
 by Rs. 16.57 Crores.
 
 6.  Figures less than Rs. 50,000 have been shown at actuals, wherever
 statutorily required to be disclosed, as the figures have been rounded
 off to the nearest lakh.
 
 7.  Previous years figures have been regrouped and rearranged
 wherever necessary to conform to this years classification.
Source : Religare Technova

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