Mar 31, 2015
A. Basis of Preparation of Consolidated Financial Statements
The Consolidated Financial Statements include accounts of Dolphin
Medical Services Limited ('the company') and its Subsidiaries Bridge
Corporate Services Private Ltd. and Evum Life Sciences Private Ltd. The
Consolidated financial statements have been prepared under historical
cost convention and in conformity with the generally accepted
accounting principles in India, the Accounting Standards notified under
Sub- section 3(C) of Section 211 of the Companies Act, 1956 of India
and other relevant provisions of the Act. All inter company
transactions between subsidiary companies are eliminated.
b. Income and Expenditure
All items and expenditure shown in the statement having material
bearing on the accounts are accounted on accrual basis.
c. Fixed Assets
Fixed Assets are stated at cost of acquisition. Cost of acquisition is
inclusive of freight, duties, levies, preparatory works, erection,
installation and all incidentals attributable to bringing the asset to
its working condition.
d. Capital Work in Progress
The assets under installation or under construction, related advances
and pending allocations as at the Balance Sheet date are shown as
Capital Work in Progress.
e. Depreciation
Depreciation is computed on Straight Line method basis in accordance
with the provision of Schedule XIV of the Companies Act, 1956.
f. Investments
Investments are stated at cost of acquisition and the same are
considered as long term investments.
g. Provision for Tax
Provision for tax has been computed on the basis of Profits in
accordance with the Income Tax .Act, 1961.
h. Deferred Income Tax The Company has accounted for Deferred Tax in
accordance with the Accounting Standard-22 "Accounting for Taxes on
Income" issued by the Institute of Chartered Accountants of India.
Deferred tax is accounted for by computing the tax effect of timing
differences, which arise during the year and reverse in subsequent
periods.
The deferred Tax Liability for the current year amounting to Rs.1.70
Lakhs is shown in the Profit and Loss account under provision for
deferred tax. As at the year end, deferred Tax liability aggregates to
Rs.64.35 Lakhs.
i. Employee Benefits Provident fund: The Company makes contribution to
Provident Fund administered by the Central Government under the
Provident Fund Act, 1952.
j. Contingent Liabilities Contingent Liabilities are generally not
provided for in the accounts and are shown separately if any in the
notes on accounts.
Mar 31, 2014
A. Basis of Preparation of financial statements
The financial statements have been prepared under historical cost
convention and in conformity with the generally accepted accounting
principles, applicable provisions of the Companies Act, 1956 and as per
the Accounting Standards issued by the Institute of Chartered
Accountants of India.
b. Income and Expenditure
All items and expenditure shown in the statement having material
bearing on the accounts are accounted on accrual basis.
c. Fixed Assets
Fixed Assets are stated at cost of acquisition. Cost of acquisition is
inclusive of freight, duties, levies, preparatory works, erection,
installation and all incidentals attributable to bringing the asset to
its working condition.
d. Capital Work in Progress
The assets under installation or under construction and related
advances as at the Balance Sheet date are shown as Capital Work in
Progress.
e. Depreciation
Depreciation is computed on Straight Line method basis in accordance
with the provision of Schedule XIV of the Companies Act, 1956.
f. Investments
Investments are stated at cost of acquisition and the same are
considered as long term investments.
g. Provision for Tax
Provision for tax has been computed on the basis of Profits in
accordance with the Income Tax Act, 1961.
h. Deferred Income Tax
The Company has accounted for Deferred Tax in accordance with the
Accounting Standard- 22 "Accounting for Taxes on Income" issued by the
Institute of Chartered Accountants of India.
Deferred tax is accounted for by computing the tax effect of timing
differences, which arise during the year and reverse in subsequent
periods.
The deferred Tax Liability for the current year amounting to Rs.0.39
Lakhs is shown in the Profit and Loss account under provision for
Deferred tax. As at the year end, deferred Tax liability aggregates to
Rs.66.04 Lakhs.
i. Employee Benefits
Provident fund: The Company makes contribution to Provident Fund
administered by the Central Government under the Provident Fund Act,
1952.
j. Contingent Liabilities
Contingent Liabilities are generally not provided for in the accounts
and are shown separately if any in the notes on accounts.
Mar 31, 2012
A. Basis of Preparation of financial statements
The financial statements have been prepared under historical cost
convention and in conformity with the generally accepted accounting
principles' applicable provisions of the Companies Act' 1956 and as per
the Accounting Standards issued by the Institute of Chartered
Accountants of India.
b. Income and Expenditure
All items and expenditure shown in the statement having material
bearing on the accounts are accounted on accrual basis.
c. Fixed Assets
Fixed Assets are stated at cost of acquisition. Cost of acquisition is
inclusive of freight' duties' levies' preparatory works' erection'
installation and all incidentals attributable to bringing the asset to
its working condition. d.Capital Work in Progress
The assets under installation or under construction and related
advances as at the Balance Sheet date are shown as Capital Work in
Progress.
e. Depreciation
Depreciation is computed on Straight Line method basis in accordance
with the provision of Schedule XIV of the Companies Act' 1956.
f. Investments
Investments are stated at cost of acquisition and the same are
considered as long term investments.
g. Deferred Income Tax
The Company has accounted for Deferred Tax in accordance with the
Accounting Standard-22
Accounting for Taxes on Income" issued by the Institute of Chartered
Accountants of India.
Deferred tax is accounted for by computing the tax effect of timing
differences' which arise during the year and reverse in subsequent
periods.
The deferred Tax Liability for the current year amounting to Rs.4.27
Lakhs is shown in the Profit and Loss account under provision for
Deferred tax. As at the year end' deferred Tax liability aggregates to
Rs.62.45 Lakhs.
h. Employee Benefits Provident fund: The Company makes
contribution to Provident Fund administered by the Central
Government under the Provident Fund Act' 1952.
i. Contingent Liabilities
Contingent Liabilities are generally not provided for in the accounts
and are shown separately if any in the notes on accounts.
Mar 31, 2011
A. Basis of Preparation of Financial Statements
The financial statements have been prepared under historical cost
convention and in conformity with the generally accepted accounting
principles in India, applicable provisions of the Companies Act, 1956
and as per the Accouting Standards issued by the Institute of Chartered
Accountants of India.
b. Income and Expenditure
All items and expenditure shown in the statement having material
bearing on the accounts are accounted on accrual basis.
c. Fixed Assets
Fixed Assets are stated at cost of acquisition. Cost of acquisition is
inclusive of freight, duties, levies, preparatory works, erection,
installation and all incidentals attributable to bringing the asset to
its working condition.
d. Capital Work in Progress
The assets under installation or under construction and related
advances as at the Balance Sheet date are shown as Capital Work in
Progress.
e. Depreciation
Depreciation is computed on Straight Line method basis in accordance
with the provision of Schedule XIV of the Companies Act, 1956.
f. Investments
Investments are stated at cost of acquisition and the same are
considered as long term investments.
g. Provision for Tax
Provision for tax has been computed on the basis of Profits in
accordance with the Income Tax .Act, 1961.
h. Deferred Income Tax
The Company has accounted for Deferred Tax in accordance with the
Accounting Standard-22 ÃAccounting for Taxes on Incomeà issued by the
Institute of Chartered Accountants of India.
Deferred tax is accounted for by computing the tax effect of timing
differences, which arise during the year and reverse in subsequent
periods.
The deferred Tax Liability for the current year amounting to Rs.9.96
Lakhs is shown in the Profit and Loss account under provision for
Deferred tax. As at the year end, deferred Tax liability aggregates to
Rs.58.17 Lakhs.
i. Employee Benefits
Provident fund: The Company makes contribution to Provident Fund
administered by the Central Government under the Provident Fund Act,
1952.
j. Contingent Liabilities
Contingent Liabilities are generally not provided for in the accounts
and are shown separately if any in the notes on accounts.
Mar 31, 2010
A. Basis of Preparation of financial statements: The financial
statements have been prepared under historical cost convention and in
conformity with the generally accepted accounting principles,
applicable provisions of the Companies Act, 1956 and as per the
Accounting Standards issued by the Institute of Chartered Accountants
of India.
b. Income and Expenditure : All items and expenditure shown in the
statement having material bearing on the accounts are accounted on
accrual basis.
c. Fixed Assets: Fixed Assets are stated at cost of acquisition. Cost
of acquisition is inclusive of freight, duties, levies, preparatory
works, errection, installation and all incidentals attributable to
bringing the asset to its working condition.
d. Capital Work in Progress: The assets under installation or under
construction and related advances as at the Balance Sheet date are
shown as Capital Work in Progress.
e. Depreciation : Depreciation is computed on Straight Line method
basis in accordance with the provision of Schedule XIV of the Companies
Act, 1956.
f. Investments Investments are stated at cost of acquisition and the
same are considered as long term investments.
g. Provision for Tax Provision for tax has been computed on the basis
of Profits in accordance with the Income Tax .Act, 1961
h. Deferred Income Tax
The Company has accounted for Deferred Tax in accordance with the
Accounting Standard-22 "Accounting for Taxes on Income" issued by
the Institute of Chartered Accountants of India.
Deferred tax is accounted for by computing the tax effect of timing
differences, which arise during the year and reverse in subsequent periods.
The deferred Tax Liability for the current year amounting to Rs.15.07
Lakhs is shown in the Profit and Loss account under provision for Deferred
tax. As at the year end, Deferred Tax liability aggregates to Rs.48.21 Lakhs.
i. Employee Benefits
Provident fund: The Company makes contribution to Provident Fund
administered by the Central Government under the Provident Fund Act, 1952.
j. Contingent Liabilities
Contingent Liabilities are generally not provided for in the accounts
and are shown separately if any in the notes on accounts