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Notes to Accounts of City Online Services Ltd.

Mar 31, 2014

1. Segment Information

The Company's operations predominantly consist only of business of providing internet and intranet, data centre solutions. Hence, there are no reportable segments under Accounting Standard- 17 "Segment Reporting" (AS-17).

During the year, the company's business has been carried out in India. The conditions prevailing in India being uniform, no separate geographical disclosures are considered necessary. There are no other reportable segments.

2. Lease obligation as Lessee

Lease payments made under cancellable operating leases have been recognised as an expense in the Statement of profit and Loss.

3. There is no balance confirmation available for the receivables and payables outstanding as on March 31,2014 and such balances are subject to confirmation.

4. The principal amount remaining unpaid as at March 31,2014 in respect of enterprises covered under "Micro, Small and Medium Enterprises Development Act, 2006" (MSMEDA) is Rs. Nil.

In respect of transactions with "Suppliers" who constitute Micro, Small and Medium Enterprises under Micro, Small and Medium Enterprises Development Act, 2006 disclosures relating to interest paid/payable are not applicable.

5. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.


Mar 31, 2013

1. Segment Information

The Company's operations predominantly consist only of business of providing internet and intranet, data centre solutions. Hence, there are no reportable segments under Accounting Standard- 17 "Segment Reporting" (AS-17).

During the year, the company's business has been carried out in India. The conditions prevailing in India being uniform no separate geographical disclosures are considered necessary. There are no other reportable segments.

2. Leases:

Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vests with the less or, are recognised as operating lease. Lease rentals under operating lease are recognised in the statement of profit and loss on a straight-line basis.

3. There is no balance confirmation available for the receivables and payables outstanding as on March 31, 2013 and such balances are subject to confirmation.

4. The principal amount remaining unpaid as at March 31, 2013 in respect of enterprises covered under "Micro, Small and Medium Enterprises Development Act, 2006" (MSMEDA) is Rs. Nil.

In respect of transactions with "Suppliers" who constitute Micro, Small and Medium Enterprises under Micro, Small and Medium Enterprises Development Act, 2006 disclosures relating to interest paid/payable are not applicable.

5. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

 
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