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Accounting Policies of CDI International Ltd. Company

Mar 31, 2014

A) Accounting Convention: The accounts are prepared under the historical cost convention and materially complied with mandatory accounting standards.

b) Recognition of Income & Expenditure: Items of Income and Expenditure are recognized only on accrual basis unless referred otherwise.

c) Fixed Assets: The fixed assets are stated at historical cost including directly attributable costs of bringing the assets to their working condition.

d) Depreciation: Depreciation is provided on fixed assets on straight line method, pro rata basis as per rates prescribed in schedule XIV of the Companies Act, 1956.

e) Tax on Income:

(i) Current Corporate Tax is provided on the basis of profit for the year after considering applicable tax rates and laws.

(II) Deferred Tax is provided on timing differences between tax and accounting treatments that originate in one period and are expected to be reversed or settled in subsequent periods. Deferred Tax Assets and Liability are measured using the enacted or substantively enacted tax rates for continuing operations. Deferred Tax Assets are reviewed only if there is reasonable certainty that they will be realised and are reviewed for there respective carrying value at each balance sheet date.

f) Contingent Liabilities: Contingent Liabilities are not provided and are disclosed in the notes to accounts.

g) Inventories: There are no inventories.

h) Foreign Currency Transactions: Foreign Currency Transactions are recorded at the exchange rate prevailing on the date of transaction


Mar 31, 2011

A) Accounting Convention: The accounts are prepared under the historical cost convention and materially complied with mandatory accounting standards

b) Recognition of Income & Expenditure: Items of Income and Expenditure are recognized only on accrual basis unless referred otherwise.

c) Fixed Assets: The fixed assets are stated at historical cost including directly attributable costs of bringing the assets to their working condition.

d) Depreciation. Depreciation is provided on fixed assets on straight line method pro rata basis as per rates prescribed in schedule XIV of the Companies Act, 1956. Depreciation on Assets Disposed/Acquired during the year has been provided on month end balances

e) inventories: There are no inventories.

f) Foreign Currency Transactions: Foreign Currency Transactions are recorded at the exchange rate prevailing on the date of transaction.

g) Tax on Income:

(i) Current Corporate Tax is provided on the basis of profit for the year after considering applicable tax rates and laws.

(II) Deferred Tax is provided on timing differences between tax and accounting treatments that originate in one period and are expected to be reversed or settled in subsequent periods. Deferred Tax Assets and Liability are measured using the enacted or substantively enacted tax rates for continuing operations. Deferred Tax Assets are reviewed only if there is reasonable certainty that they will be realised and are reviewed for there respective carrying value at each balance sheet date h) Earning Per Shan: In determining Earning Per Share (EPS), the company considers the net profit before tax and net profit after tax. The number of shares used in computing basic and diluted EPS is the weighted average number of shares outstanding during the

i) Contingent Liabilities: Contingent Liabilities are not provided and are disclosed in the notes to accounts.


Mar 31, 2010

A) Accounting Convention: The accounts are prepared under the historical cost convention and materially complied with mandatory accounting standards.

b) Recognition of Income & Expenditure: Items of Income and Expenditure are recognised only on accrual basis unless referred otherwise.

c) Fixed Assets: The fixed assets are stated at historical cost including directly attributable costs of bringing the assets to their working condition.

d) Depreciation: Depreciation is provided on fixed assets on straight line method, pro rata basis as per rates prescribed in schedule XIV of the Companies Act, 1956. Depreciation on Assets Disposed/Acquired during the year has been provided on month end balances.

e) Inventories: There are no inventories.

f) Foreign Currency Transactions: Foreign Currency Transactions are recorded at the exchange rate prevailing on the date of transaction.

g) Tax on Income:

(i) Current Corporate Tax is provided on the basis of profit for the year after considering applicable tax rates and laws.

(II) Deferred Tax is provided on timing differences between tax and accounting treatments that originate in one period and are expected to be reversed or settled in subsequent periods. Deferred Tax Assets and Liability are measured using the enacted or substantively enacted tax rates for continuing operations. Deferred Tax Assets are reviewed only if there is reasonable certainty that they will be realised and are reviewed for there respective carrying value at each balance sheet date.

h) Earning Per Share: In determining Earning Per Share (EPS), the Company considers the netprofit before tax and net profit after tax. The number of shares used in computing basic anddiluted EPS is the weighted average number of shares outstanding during the period.

i) Contingent Liabilities: Contingent Liabilities are not provided and are disclosed in the notes to accounts.

 
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