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Accounting Policies of Grovy India Ltd. Company
Mar 31, 2012
A. Deferred tax assets and liabilities arc recognized for the future tax
consequences of timing differences subject to consideration of prudence
and are measured based on the tax rates and the tax laws enacted or
substantively enacted at the balance sheet date.
B. Earnings per share
In determining earnings per share (EPS the Company considers the net
profit after tax and includes the post-tax effect of any extra-ordinary
/ exceptional item, In absence of any dilutive effect of equity shares
the basic and diluted EPS are calculated on the same basis. The number
of shares used in computing basic and diluted earnings per share is the
weighted average number of shares outs Landing during the period.
C. Provisions, Contingent: Liabilities and Contingent Assets
Provisions arc recognized for liabilities when the Company has a
present obligation as a result of past events, a probable outflow of
resources is expected to settle the obligation and the amount can be