85 / 140
83
Notes
to financial statements
(
`
cr)
NOTE 27.1 CONTINGENT LIABILITIES
2011-12
2010-11
(i) Claims against the Company not acknowledged as debts
in respects of:
(a) Excise
6.25
5.73
(b) Income tax
27.70
25.50
(c) Sales tax
0.74
0.74
(d) Customs
2.78
-
(e) Water charges
68.63
65.50
(f) Others
13.26
11.00
Note: Future cash outflows in respect of (a) to (f) above are
determinable on receipt of judgements | decisions pending
with various forums | authorities.
(ii) Guarantees given by bankers of the Company:
(a) Guarantees have been given by the bankers of the Company
in the normal course of business and are not expected to
result in any liability on the Company
-
9.50
(b) Corporate guarantee to a bank on behalf of subsidiary
company for facilities availed by them
1.11
1.21
(
`
cr)
NOTE 27.2 COMMITMENTS
2011-12
2010-11
Estimated amount of contracts remaining to be executed on capital
accounts and not provided for (net of advances)
13.97
19.70
(
`
cr)
NOTE 27.3 RESEARCH & DEVELOPMENT
2011-12
2010-11
Capital expenditure
0.40
1.06
Recurring expenditure
10.48
7.76
10.88
8.82
(
`
cr)
NOTE 27.4 CIF VALUE OF IMPORT, EXPENDITURE,
REMITTANCES AND EARNINGS IN FOREIGN
CURRENCY
2011-12
2010-11
(a) CIF value of imports:
Raw materials
309.54
332.88
Trading finished goods
11.03
2.84
Capital goods
5.47
2.16
(b) Expenditure in foreign currency:
Commission
4.24
6.48
Other matters
8.58
13.61
(c) Other Remittances:
Loan repayments
210.68
114.70
(d) Earnings in foreign currency:
FOB value of exports
777.55
636.84