Mar 31, 2018
FIXED ASSETS
Fixed assets are stated at cost of acquisition or construction. They are stated at historical cost, less accumulated depreciation.
EXPENDITURE DURING CONSTRUCTION PERIOD
Expenditure during construction period including pre-operative expenses (net of pre-operative income), all direct and indirect expenses are capitalized.
DEPRECIATION
Depreciation on fixed assets has been provided on the straight line method over the useful lives of assets as per the schedule II of to the Companies Act, 2013 and adopted by the Management.
INVESTMENTS
Current investments are carried at lower of the cost or fair value. Long-term investments are carried at cost. Provision is made to recognize a decline, other than temporary, in the carrying amount of Long term investments.
INVENTORIES
Real estate stock-in-trade valued at cost of land including the accretion to its value on change in its character from âcapital assetsâ to âtrading assetsâ plus development expenses incurred to date, or net realizable value, whichever is lower.
RETIREMENT BENEFITS
Gratuity Liability:-Provision for Payment of Gratuity shall be made when the liability to pay arises.
Leave encashment-Provision is made for leave encashment for un-expired leave as at the year-end on actuarial basis.
REVENUE RECOGNITION
Revenue (income) is recognized when no significant uncertainty as to determination or realization exists.
BORROWING COSTS
Borrowing costs that are attributable to the acquisition, construction or production of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use.
Mar 31, 2015
FIXED ASSETS
Fixed assets are stated at cost of acquisition or construction. They
are stated at historical cost less accumulated depreciation.
EXPENDITURE DURING CONSTRUCTION PERIOD
Expenditure during construction period including pre-operative expenses
(net of pre-operative income), all direct and indirect expenses are
capitalized.
DEPRECIATION
Depreciation on fixed assets has been provided on the straight line
method over the useful lives of assets as per the schedule II of to the
Companies Act, 2013 and adopted by the Management.
INVESTMENTS
Current investments are carried at lower of the cost or fair value.
Long-term investments are carried at cost. Provision is made to
recognize a decline, other than temporary, in the carrying amount of
Long term investments.
INVENTORIES
Real estate stock-in-trade valued at cost of land including the
accretion to its value on change in its character from 'capital assets'
to trading assets' plus development expenses incurred to date, or net
realizable value, whichever is lower.
RETIREMENT BENEFITS
Gratuity Liability: - Provision for Payment of Gratuity shall be made
when the liability to pay arises. Leave encashment- Provision is made
for leave encashment for un-expired leave as at the year-end instead of
on actuarial. basis in view of there being less than 10 employees.
REVENUE RECOGNITION
Revenue (income) is recognized when no significant uncertainty as to
determination or realization exists.
BORROWING COSTS
Borrowing costs that are attributable to the acquisition, construction
or production of qualifying assets are capitalized as part of the cost
of such assets. A qualifying asset is one that necessarily takes
substantial period of time to get ready for its intended use. There are
no borrowing costs applicable and chargeable to revenue.
Mar 31, 2014
FIXED ASSETS
Fixed assets are stated at cost of acquisition or construction. They
are stated at historical cost, less accumulated depreciation.
EXPENDITURE DURING CONSTRUCTION PERIOD
Expenditure during construction period including pre-operative expenses
(net of pre-operative income), all direct and indirect expenses are
capitalized.
DEPRECIATION
Depreciation on fixed assets has been provided on the written down
value method in accordance with the Companies Act, 1956,at the rates
and in the manner specified in schedule XIV of this Act.1956. Leasehold
land has been amortized over the period of lease.
INVESTMENTS
Current investments are carried at lower of the cost or fair value.
Long-term investments are carried at cost. Provision is made to
recognize a decline, other than temporary, in the carrying amount of
Long term investments.
INVENTORIES
Real estate stock-in-trade valued at cost of land including the
accretion to its value on change in its character from ''capital assets''
to ''trading assets'' plus development expenses incurred to date, or net
realizable value, whichever is lower.
RETIREMENT BENEFITS
Gratuity Liability: - Provision for Payment of Gratuity shall be made
when the liability to pay arises.
Leave encashment- Provision is made for leave encashment for un-expired
leave as at the year-end instead of on actuarial basis in view of there
being less than 10 employees.
REVENUE RECOGNITION
Revenue (income) is recognized when no significant uncertainty as to
determination or realization exists.
BORROWING COSTS
Borrowing costs that are attributable to the acquisition, construction
or production of qualifying assets are capitalized as part of the cost
of such assets. A qualifying asset is one that necessarily takes
substantial period of time to get ready for its intended use. There are
no borrowing costs applicable and chargeable to revenue.
Mar 31, 2013
FIXED ASSETS
Fixed assets are stated at cost of acquisition or construction. They
are stated at historical cost, less accumulated depreciation.
EXPENDITURE DURING CONSTRUCTION PERIOD
Expenditure during construction period including pre-operative expenses
(net of pre-operative income), all direct and indirect expenses are
capitalized.
DEPRECIATION
Depreciation on fixed assets has been provided on the written down
value method in accordance with the Companies Act, 1956,at the rates
and in the manner specified in schedule XIV of this Act. 1956.
Leasehold land has been amortized over the period of lease.
INVESTMENTS
Current investments are carried at lower of the cost or fair value.
Long-term investments are carried at cost. Provision is made to
recognize a decline, other than temporary, in the carrying amount of
Long term investments.
INVENTORIES
Real estate stock-in-trade valued at cost of land including the
accretion to its value on change in its character from ''capital assets''
to ''trading assets'' plus development expenses incurred to date, or net
realizable value, whichever is lower.
RETIREMENT BENEFITS
Gratuity Liability: - Provision for Payment of Gratuity shall be made
when the liability to pay arises. Leave encashment- Provision is made
for leave encashment for un-expired leave as at the year-end instead of
on actuarial basis in view of there being less than 10 employees.
REVENUE RECOGNITION
Revenue (income) is recognized when no significant uncertainty as to
determination or realization exists.
BORROWING COSTS
Borrowing costs that are attributable to the acquisition, construction
or production of qualifying assets are capitalized as part of the cost
of such assets. A qualifying asset is one that necessarily takes
substantial period of time to get ready for its intended use. There are
no borrowing costs applicable and chargeable to revenue.
Mar 31, 2012
FIXED ASSETS
Fixed assets are stated at cost of acquisition or construction. They
are stated at historical cost, less accumulated depreciation.
EXPENDmjRE DURING CONSTRUCTION PERIOD
Expenditure during construction period including pre-operative expenses
(net of pre-operative income), all direct and indirect expenses are
capitalized.
DEPRECIATION
Depreciation on fixed assets has been provided on the written down
value method in accordance with the Companies Act, 1956,at the rates
and in the manner specified in schedule XIV of this Act. 1956.
Leasehold land has been amortized over the period of lease.
INVESTMENTS
Current investments are carried at lower of the cost or fair value.
Long-term investments are carried at cost. Provision is made to
recognize a decline, other than temporary, in the carrying amount of
Long term investments.
INVENTORIES
Real estate stock-in-trade - at cost of land including the accretion to
its value on change. in its character from 'capital assets' to
trading assets' plus development expenses incurred to date, or net
realizable value, whichever is lower RETIREMENT BENEFITS
Gratuity Liability:- Provision for Payment of Gratuity shall be made
when the liability to pay arises.
Leave encashment- Provision is made for leave encashment for un-expired
leave as at the year-end instead of on acturial basis in view of there
being less than 10 employees.
REVENUE RECOGNITION
Revenue (income) is recognised when no significant uncertainty as to
determination or realisation exists.
BORROWING COSTS
Borrowing costs that are attributable to the acquisition, construction
or production of qualifying assets are capitalized as part of the cost
of such assets. Aqualifying asset is one that necessarily takes
substantial period of time to get ready for its intended use. There are
no borrowing costs applicable and chargeable to revenue.
Mar 31, 2010
Fixed assets are stated at cost of acquisition or construction. They
are stated at historical cost, less accumulated depreciation.
EXPENDITURE DURING CONSTRUCTION PERIOD
Expenditure during construction period including pre-operative expenses
(net of pre-operative income), all direct and indirect expenses are
capitalised
DEPRECIATION
Depreciation on fixed assets has been provided on the written down
value method in accordance with the Companies Act, 1956,at the rates
and in the manner specified in schedule XIV of this Act. 1956.
Leasehold land has been amortized over the period of lease.
INVESTMENTS
Current investments are carried at lower of the cost or fair value.
Long-term investments are carried at cost. Provision is made to
recognize a decline, other than temporary, in the carrying amount of
Long term investments.
INVENTORIES
Real estate stock-in-trade - at cost of land including the accretion to
its value on change. in its character from capital assets to trading
assets plus development expenses incurred to date, or net realizable
value, whichever is lower
RETIREMENT BENEFITS
Gratuity Liability:- The trustees of AAL Employees Group Gratuity
Trust have taken a Group Gratuity-cum-Life Assurance Policy from the
Life Insurance Corporation of India (LIC) for employees. The Company
has been contributing the premium for the same on the basis of acturial
valuation of LIC instead of AS 15 revised.
Provident Fund-Contribution as required under the Statute/ Rules is
made to the New Phaltan Sugar Works Employees Provident Fund.
Leave encashment- Provision is made for leave encashment for un-expired
leave as at the year-end instead of on acturial basis in view of there
being less than 10 employees.
REVENUE RECOGNITION
Revenue (income) is recognised when no significant uncertainty as to
determination or realisation exists.
BORROWING COSTS
Borrowing costs that are attributable to the acquisition, construction
or production of qualifying assets are capitalized as part of the cost
of such assets. A qualifying asset is one that necessarily takes
substantial period of time to get ready for its intended use. There are
no borrowing costs applicable and chargeable to revenue.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article