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Union Budget 2017-18
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Notes to Accounts of Tarrif Cine & Finance Ltd.

Mar 31, 2014

(1) Deferred Tax Asset

Deferred Tax Asset on account of carried forward losses is not recognised as there is no virtual certainty of its realisation.

(2) Segment Reporting

The Company is engaged solely, in investment activity during the year and all activities of the Company revolve around this activity. As such there are no reportable segment as defined by Accounting Standard 17 on Segment Reporting issued by the Institute of Chartered Accountants of India.

(3) Provision for tax has not been made as there is no taxable income both under the normal provisions as well as u/s 115 JB of the IT Act, 1961.

(4) Previous year figures

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


Mar 31, 2013

(1) Deferred Tax Asset

Deferred Tax Asset on account of carried forward losses is not recognised as there is no virtual certainty of its realisation.

(2) Segment Reporting

The Company is engaged solely in investment activity during the year and all activities of the Company revolve around this activity. As such there are no reportable segment as defined by Accounting Standard 17 on Segment Reporting issued by the Institute of Chartered Accountants of India.

(3) Previous year figures

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


Mar 31, 2012

A. The number of shares and amount outstanding at the beginning and at

b. The Company has only one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity share is entitled to same right based on the number of shares held.

c. Shares in the Company held by each shareholders holding more than 5% shares:

(1) Deferred Tax Asset

Deferred Tax Asset on account of carried forward losses is not. recognised as there is no virtual certainty of its realisation.

(2) Previous year figures

The Revised Schedule VI has become effective from April 1, 2011 for the preparation and presentation of financial statements. This has significantly impacted the disclosures and presentation made in the financial statements. Previous Year's figures have been regrouped/reclassified wherever necessary to correspond with the current year's classification/disclosures.


Mar 31, 2010

1. Some of the debit & credit balances are subject to confirmation.

2. a. Sundry creditors do not include any amount due to Micro, Small & Medium Enterprises.

b. Based on the information so far available with the Company in respect of MSME (as defined in the Micro, Small & Medium Enterprises Development Act, 2006) there are no delays in payment of dues to such enterprises during the year and there is no such dues payable at the year end.

3. In the opinion of the Board, the Current Assets, Loans & Advances are approximately of the value stated, if realised in the ordinary course of business and provision has been made for doubtful advances.

4. Previous Years figures have been regrouped, rearranged, wherever necessary, so as to make them comparable with current years figures.

5. Other information required under Part I and Part II of Schedule VI to the Companies Act, 1956 is either NIL or NOT APPLICABLE.

 
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