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Accounting Policies of Yamini Investments Company Ltd. Company

Mar 31, 2015

A. Changes in accounting policy

Accounting policies unless specifically stated to be otherwise are consistent and are in accordance with generally accepted accounting principles.

b. Revenue recognition

Revenue is being recognized in accordance with the guidance note on Accrual basis of accounting issued by the institute of Chartered Accountants of India. Accordingly wherever there is uncertainty in the realization of income, the same is not accounted for till such time the uncertainty is resolved. Income from Sale of Shares is recognized on the execution of the transaction on the stock exchange. All expenses are accounted for on accrual basis.

c. Fixed assets:

Fixed Assets are valued at Historical cost, less Depreciation. Cost of fixed Assets includes cost of purchase and/or construction as increased by necessary expenditure incurred to make them ready for use in the business.

d. Inventories

Inventories include investments in shares & bonds of other companies. The company classifies such investments & bonds as inventory and valuation of them has been made at lower of cost or market value.

e. Depreciation

Fixed assets are depreciated on a Written down Value method over the estimated useful lives of the assets considering the guidelines of Part C of Schedule II to the Companies Act, 2013.

f. Taxes on income

Current taxes on income have been provided by the Company in accordance with the relevant provisions of the Income Tax Act, 1961. Deferred Taxes has been recognized on timing differences between accounting income and taxable income subject to consideration of prudence.

g. Employee Benefits

Provision for Gratuity has not been made, as presently no employee is eligible for the same. Provision of provident fund and ESI has not been made, as the Provisions of the same are yet not applicable to the company. The company is not paying leave encashment benefits to its employees as per the rules of the company.

h. Borrowing Cost

General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until the month in which such assets are substantially ready for their intended use or sale. All other borrowing costs are recognized in Statement of Profit and Loss in the year in which they are incurred.

i. Earning Per Share

Basic earnings per share are calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year.

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

j. Cash and Cash Equivalents

In the cash flow statement, cash and cash equivalents includes cash in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less.


Mar 31, 2014

A. Changes in accounting policy

The revised Schedule VI notified under the Companies Act, 1956, has become applicable to the company, for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it only impact on the presentation and disclosures made in the financial statements. The company has also reclassified previous year''s figure in accordance with the requirements applicable for the current year.

b. Revenue recognition

Having regard to the size, nature and level of operation of the business, the company is applying accrual basis of accounting for recognition of income earned and expenses incurred in the normal course of business.

c. Fixed assets:

The Company does not have any Fixed Assets during the year.

d. Inventories

Inventories include Investments in shares of other companies. The company classifies such investments as inventory and valuation of them has been made at lower of cost or market value. However, unquoted investments are stated at cost.

e. Depreciation

The company does not have any Fixed Assets during the year. However do not charge any depreciation.

f. Taxes on income

Current taxes on income have been provided by the Company in accordance with the relevant provisions of the Income Tax Act, 1961. Deferred Taxes has been recognised on timing differences between accounting income and taxable income subject to consideration of prudence.


Mar 31, 2013

A. Changes In accounting policy

During the year ended 31" March 20*3, the revised Schedule VI noted under the Companies Act, 1954, has become applicable to the company, for propagate and presentation of list financial statements. The adoption of revised Schedule VI does n- impact recognition and measurement principles followed for preparation of financial stat newts. However, It only Impact on the presentation and disclosures made in the financial stamen''s. The company has also reclassified previous year''s figure in accordance with the frequents applicable for the current year.

b. Revenue recognition

Having regard to the size, nature and level of operation of the jasmines, the company Is applying accrual basis of accounting for recognition of income same and expenses Incurred in the normal course of business,

c. Fixed assets:

The company does not have any Fixed Assets during the year.

d. Inventories

Inventories include investments in shares of other companies. The company classifies such investments as inventory and valuation of them has been made a owed of cost or market value. However, unquoted Investments are stated at cost.

e. Depreciation

The company does not have any fixed assets during the year. He ever do not charge any depreciation. & Taxes on Income Current taxes on Income have been provided by the Company In ace dance with the relevant provisions of the Income Tax Act, 1961, Deferred Taxes has tax n recognized on timing differences between accounting income and taxable income soul jet to consideration of prudence.


Mar 31, 2012

1.1 Basis of Preparation of Financial Statements

These financial statements have been prepared on the accrual basis of accounting, under the historical cost convention and in accordance with the Companies Act, 1956 arid the applicable accounting standards issued by the institute of Chartered Accountants of India.

1.2 Revenue Recognition

Expenses are recognized on accrual basis and provisions are made for all known losses and expenses. Dividend income is recognized when the right to receive dividend is established. Interest income is recognized on the time proportion method.

1.3 Taxation

Provision for current Income Tax is made in accordance with the Income Tax Act, 1961.

In accordance with Accounting Standard 22 Accounting for Taxes on Income, Issued by the Institute of Chartered Accountants of India, the deferred tax liability for timing differences between book and the profits occurs when there are actual taxable profits for the year. Deferred tax assets are not recognized unless there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized.

1.4 Basic Earnings per Share

Basic Earnings per share is determined by dividing net income by the weighted average number of shares outstanding during the years.

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