NOTE - 36 : CONTINGENT LIABILITIES AND COMMITMENTS:
i) Contingent Liabilities
a) Claims against the Company /disputed liabilites not
acknowledged as debts -- --
Disputed Electricity Tax 19.83 19.83
Writ petition is filed before the Hon’ble Supreme Court of India against demand of Electricity Tax on in-house generation of power through windmills. The Hon’ble Supreme Court has generated stay and the matter is pending before the Hon’ble Supreme Court.
Disputed Windmill banking adjustment 12.09 12.09
Stay petition is filled before the madurai Bench of Madras High Court against demand relating to banking adjustment of power generated through windmills. The Court has granted stay and the matter is pending before the Hon’ble High Court of Madras.
The Company has been legally advised that the demand is likely to be either deleted or substantially reduced and accordingly no provision has been made.
b) Guarantees to banks
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Bank Guarantee Limit
|
2,500.00
|
1,500.00
|
|
Bank Guarantee Utilised
|
1,426.60
|
1,419.52
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ii) Commitments
a) Estimated amount of contract remaining to the executed on
Capital Account (net of advances) and not provided for -- --
NOTE - 37 : CSR EXPENDITURE:
Gross amount required to be spent by the Company
during the year 28.10 26.91
On purposes other than construction / acquisition of assets 19.07 --
NOTE - 38 : SEGMENT REPORTING:
The Company has presented segment information in the consolidated financial statements which are presented in the same financial report. Accordingly, in terms of paragraph IV of the Accounting Standard 17 (AS 17) ‘ Segment Reporting ‘, no disclosure related to segments are presented in the standalone financial statements.
NOTE - 39 : PREVIOUS YEAR FIGURES:
Previous year’s figures have been regrouped / reclassified wherever necessary to correspond with the current year’s classification / disclosure.
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