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moneycontrol.com भारत | लेखांकन नीति > Finance - Investments > लेखांकन नीति फॉलोड से एनसीएल रिसर्च - बीएसई: 530557, NSE: N.A

एनसीएल रिसर्च

बीएसई: 530557  |  NSE: N.A  |  ISIN: INE132F01020  |  Finance - Investments

खोजें एनसीएल रिसर्च कनेक्शन मार्च 15
लेखांकन नीति साल : मार्च '16

17.1 Basis of accounting and preparation of financial statements

These financial statements have been prepared to comply with the Generally Accepted Accounting Principles in India (Indian GAAP), including the Accounting Standards notified under the relevant provisions of the Companies Act,2013.The financial statements are prepared on accrual basis under historical cost convention. The financial statements are presented in Indian Rupees.

17.2 Tangible Fixed Assets

i Fixed Assets are stated at cost less depreciation, Cost comprises the purchase price and any attributable cost of bringing the assets to working condition for its intended use.

ii Expenditure, for additions improvements and renewals are capitalized and expenditure for maintenance & repairs are charged to the Profit & Loss account. When assets are sold or discarded, their cost and accumulated depreciation is removed from the account & any gain or loss, resulting from their disposal is included in the Profit & loss account.

17.3 Depreciation and Amortization

During the year, the Company has changed its method of charging depreciation from Written Down Value Method to Straight Line Method. Depreciation is provided using the Straight Line Method at the rates and in the manner specified in schedule II to the Companies Act 2013. Depreciation on additions/ deletions during the year is provided on a pro-rata basis from the date of addition/up to the date of deletion.

17.4 Revenue Recognition

i Income are accounted on accrual basis.

ii Expenses other than Interest are net of recoveries, wherever applicable.

17.5 Employee Benefits

The company provides for unutilized leave benefits on the basis of the last salary drawn and the leave balance available to the credit of the employee on the last date of the year.

17.6 Segment Reporting

The Company identifies primary segments based on the dominate source, nature of risks and returns and the internal organization and management structure. The operating segments are the segments for which separate financial information available and for which operating profit/Loss amounts are evaluated regularly by the executive M management in deciding how to allocate resources in assessing performance.

The accounting policies adopted for segment reporting are in line with the accounting policies of the company. Segment revenue, segment expenses, segment assets and Segment liabilities have been identified to segments on the basis of their relationship to the operating activities of the segment.

Inter-segment revenue is accounted on the basis of transaction which are primarily determined based on market /fair value factors.

Revenue expenses, assets and liabilities which relate to the company as a whole and are not allocable to segments on reasonable basis have been included under unallocated revenue/expenses/assets/liabilities.

i Income tax payable for the year is determined in accordance with the provisions of the Income Tax Act, 1961.

ii Deferred tax expense or benefit is recognized on ''timing difference” being the difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods. Deferred tax assets and liabilities are measured using the tax rates and laws that are enacted or substantively enacted as on the balance sheet date.

Deferred tax assets in respect of unabsorbed depreciation and carry forward of losses are recognized only to the extent that there is virtual certainty that sufficient taxable income will be available to realize these assets. All other deferred tax assets are recognized only to the extent that there is a reasonable certainty that sufficient future taxable income will be available to realize these assets.

Trading in Shares - At Cost or Net Realizable Value Whichever is lower.

At each balance sheet date, the Company reviews the carrying amounts of its fixed assets to determine whether there is any indication that those assets suffered an impairment loss. If any such indication exists, the recoverable amount of the assets is estimated in order to determine the extent of impairment loss.

Recoverable amount is the higher of an asset’s net selling price and value in use. In assessing value in use, the estimated future cash flows expected from the continuing use of the asset from its disposal are discounted to their present value using pre tax discount rate that reflects the current market assessments of An impairment loss is charged to Profit and Loss Account in the year in which an asset is identified as Provisions involving substantial degree of estimation in measurement are recognized when there is present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disclosed by way of Notes to Accounts. Contingent Assets are neither recognized nor disclosed in the Financial Statements.

Cash Flows are reported using the indirect method, where by profit I loss before extra ordinary item and tax is adjusted for the effects of the transactions of Non cash nature and any deferrals or accruals of past or future cash receipts or payments. Cash flow from Operating , Investing and Financial activities of the company are segregated based on the available information.

17.12 Material events occurring after Balance Sheet date and till the date of signing of accounts are taken into

17.13 Information as required in terms of paragraph 13 of Non Banking Financial (Non Deposit accepting or holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 is given in separate annexure.

18.1 The profit and Loss Account for the year includes certain expenses which are supported only by internal vouchers duly approved as per authorized limits assigned at each levels and in some cases third party evidence/invoices are not available. The board of Directors of the Company has approved such expenses as in the opinion of the Board of Directors, the company has incurred such expenses wholly and exclusively attributable to the business if the company and the nature of such expenses are consistent with the previous years.

18.2 During the year, the Company has incurred certain expenditure of revenue nature, adequate supporting in respect of some of them are not available, however in the opinion of the Board of Directors of the Company, the same is wholly and exclusively attributable to the business of the Company.

18.3 In the opinion of the Board, the Current Assets, Sundry Debtors, Sundry Creditors, Loans & Advances have a value on realization in the ordinary course of business at least equal to the amount at which they are stated in the Financial Statements. The balances thereof as per Books of Accounts only.

स्रोत: रेलीगरे टेचनोवा

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