113 / 140
111
(
`
cr)
NOTE 5 DEFERRED TAX LIABILITIES (NET)
As at
March 31, 2012
Charge | (credit)
during the year
As at
March 31, 2011
Deferred tax liabilities:
on account of timing difference in depreciation
29.41
0.54
28.87
29.41
0.54
28.87
Deferred tax assets:
on account of timing difference in
(a) Provision for leave encashment
5.86
1.17
4.69
(b) Provision for doubtful debts
0.39
0.25
0.14
(c) Provision for doubtful advances
0.06
-
0.06
(d) Voluntary retirement scheme
0.40
(0.52)
0.92
(e) Expenses disallowed under Section 40 (ia)
of the Income Tax Act, 1961
0.39
0.39
-
7.10
1.29
5.81
(f) Deferred tax liabilities | (assets) of subsidiary
companies
0.46
0.48
(0.02)
Net deferred tax liabilities | (assets)
22.77
(0.27)
23.04
(
`
cr)
NOTE 6 LONG-TERM PROVISIONS
As at
March 31, 2012
As at
March 31, 2011
Provision for leave entitlement
3.51
2.60
Gratuity
0.03
-
3.54
2.60
(
`
cr)
NOTE 7 SHORT-TERM BORROWINGS
As at
March 31, 2012
As at
March 31, 2011
(a) Secured
Loans repayable on demand from banks
152.89
79.19
(b) Unsecured
Loans from banks
25.07
20.00
(c) Buyers’ credit arrangement
22.71
62.08
200.67
161.27
(
`
cr)
NOTE 8 TRADE PAYABLES
As at
March 31, 2012
As at
March 31, 2011
(a) Trade payables including acceptances
266.63
234.92
266.63
234.92
Notes
to Consolidated financial statements