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Reliancedigital Retail Limited

Schedules forming part of the Balance Sheet

SCHEDULE N NOTES ON ACCOUNTS

1

The previous year’s figures have been regrouped, rearranged and reclassified wherever necessary. Accordingly, amounts and other disclosures for the preceding year are included as an integral part of the current year financial statements and are to be read in relation to the amounts and other disclosures relating to the current year.

2

The Company is in the process of setting up various facilities for conducting its business. The Project is in the process of implementation. The expenditure incurred during the implementation period for bringing the project in the condition of its intended use, is treated as “Project Development Expenditure” pending capitalization and included in Capital Work in Progress. Capitalization is done in the ratio of phased implementation. The necessary details as per part II of Schedule VI to the Companies Act,1956 have been disclosed below.

Project Development Expenditure Account (included under Capital Work-in-Progress):

Rs. in lakh

2009-10

2008-09

3,524.84

1,251.68

Opening Balance Add:

  • (i)

    Payments to and Provisions for Employees

  • (ii)

    Electricity Expenses

  • (iii)

    Insurance

  • (iv)

    Rent including Lease Rentals

  • (v)

    Rates and Taxes

  • (vi)

    Repairs and Maintenance

  • (vii)

    Travelling and Conveyance Expenses

  • (viii)

    Professional Fees

  • (ix)

    Payment to Auditors

  • (x)

    Hire Charges

  • (xi)

    Printing and Stationery

  • (xii)

    Telephone Expenses

  • (xiii)

    General Expenses

984.70

1,859.33

2.15

8.00

16.13

10.43

57.54

322.83

5.21

33.91

84.88

84.69

35.63

169.04

10.35

68.30

-

1.64

4.55

0.31

3.24

8.31

9.82

24.08

6.58

65.88

1,220.78

2,656.75

450.04

383.59

4,295.58

3,524.84

Less: Capitalised during the year

Closing Balance

3

The Company is mainly engaged in ‘Organised Retail’ in India. All the activities of the Company revolve around this main business. Accordingly, the Company has only one identifiable segment reportable under Accounting Standard 17 “Segment Reporting”, notified in the Companies (Accounting Standards) Rules 2006.

4 5

Turnover includes Income from Services of Rs. 614.55 lakh (Previous Year Rs.136.55 lakh)

As per Accounting Standard 15 “Employee Benefits”, notified in the Companies (Accounting Standards) Rules 2006, the disclosures of employee benefits as defined in the Accounting Standard are given below:

Defined Contribution Plan Contribution to Defined Contribution Plan, recognised are charged off/ capitalised for the year are as under:

Employer’s Contribution to Provident Fund Employer’s Contribution to Pension Scheme

2009-10 55.88 20.32

Rs. in lakh 2008-09 81.60 25.86

17

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