77 / 140
75
(
`
cr)
Notes
to financial statements
2011-12 2010-11
Depreciation | Amortisation for the year
45.43
40.32
Add: Amortisation of Leasehold land
0.28
0.28
Less: Amount withdrawn from Revaluation reserve (see Note 3)
2.06
2.06
Depreciation | Amortisation as per Statement of Profit and Loss
43.65
38.54
NOTE 11 FIXED ASSETS
ASSET BLOCK
GROSS BLOCK (a)
DEPRECIATION | AMORTISATION | IMPAIRMENT
NET BLOCK
As at
March 31,
2011
Additions
Other
Adjustments
Deductions
and
Adjustments
As at
March 31,
2012
Depreciation
upto
March 31,
2011
For the
year
Deductions
and
Adjustments
As at
March 31,
2012
Impairment
Fund
March 31,
2012
Depreciation
and
Impairment
Fund
March 31,
2012
As at
March 31,
2012
As at
March 31,
2011
Tangible assets
Land - Freehold (d) and (e)
13.11
1.26
-
-
14.37
-
-
-
-
-
-
14.37
13.11
Land - Leasehold (b),(d) & (e)
23.45
-
-
0.28
23.17
-
-
-
-
-
-
23.17
23.45
Buildings (c), (d) and (e)
220.69
14.96
-
-
235.65
54.86 5.68
-
60.54
-
60.54 175.11 165.83
Roads
2.34
0.76
-
-
3.10
1.19 0.05
-
1.24
-
1.24
1.86
1.15
Plant and equipment (f)
670.20
53.25
1.59
5.24
719.80
475.07 34.27
-
509.34
21.03
530.37 189.43 174.10
Railway siding
0.08
-
-
-
0.08
0.08
-
-
0.08
-
0.08
-
-
Office equipment & furniture
22.58
1.81
-
0.02
24.37
15.63 1.36
-
16.99
-
16.99
7.38
6.95
Vehicles
11.57
3.85
-
2.05
13.37
6.90 1.62
1.38
7.14
-
7.14
6.23
4.67
Total Tangible assets
964.02
75.89
1.59
7.59 1,033.91
553.73 42.98
1.38 595.33
21.03
616.36 417.55 389.26
Intangible assets
Computer software
8.22
1.86
-
-
10.08
7.41 2.45
-
9.86
-
9.86
0.22
0.81
Total Intangible assets
8.22
1.86
-
-
10.08
7.41 2.45
-
9.86
-
9.86
0.22
0.81
Total as at
March 31, 2012
972.24
77.75
1.59
7.59 1,043.99
561.14 45.43
1.38 605.19
21.03
626.22 417.77 390.07
Total as at
March 31, 2011
974.22
22.18
-
24.16
972.24
534.30 40.32
13.48
561.14
21.03
582.17 390.07
Notes:
(a) At cost, except land - freehold, certain leasehold land, building premises and plant and equipment stated at revalued value.
(b) Land - leasehold at cost less amounts written off.
(c) Includes premises on ownership basis
`
1.10 cr (Previous year
`
1.10 cr) and cost of fully paid share in co-operative society
`
2,000 (Previous year
`
2,000).
(d) The Company has revalued (i) Leasehold land and (ii) Commercial land and building at Ahmedabad, Mumbai and Delhi as at March 31, 2008 at fair market value as determined by an
independent valuer appointed for the purpose. Resultant increase in book value amounting to
`
107.47 cr has been transferred to Revaluation Reserve.
(e) Pursuant to the order passed by Honourable High Court of Gujarat, dated November 17, 2008 and April 17, 2009 in case of water charges, the Company has created first charge over its
certain land and buildings in favour of Government of Gujarat.
(f) The Company has opted to recognise exchange differences arising on reporting of long-term foreign currency monetary items in line with paragraph 46 of Accounting Standard-11 ‘The
effects of changes in foreign exchange rates’ inserted vide Notification dated December 29, 2011 issued by the Ministry of Corporate Affairs. Pursuant to the above, the effect of exchange
differences on long-term foreign currency monetary items, so far as they relate to acquisition of depreciable capital assets, are amortised over the remaining life of such assets. Had the
Company continued to follow the earlier Accounting Policy, the net foreign exchange loss recognised in the Statement of Profit and Loss would have been higher by
`
1.89 cr and Fixed Assets
would have been lower by
`
1.89 cr.
(g) Break-up of depreciation for the year
(
`
cr)