मैट्रिक्स
 
 
moneycontrol.com भारत | लेखांकन नीति > Construction & Contracting - Housing > लेखांकन नीति फॉलोड से नरेन्द्र प्रोपर्टीज - बीएसई: 531416, NSE: N.A

नरेन्द्र प्रोपर्टीज

बीएसई: 531416  |  NSE: N.A  |  ISIN: INE603F01012  |  Construction & Contracting - Housing

खोजें नरेन्द्र प्रोपर्टीज कनेक्शन मार्च 14
लेखांकन नीति साल : मार्च '15
a.  Basis of preparation of Financial Statements
 
 These financial statements are prepared in accordance with Indian
 Generally Accepted Accounting Principles (GAAP) under the historical
 cost convention on accrual basis except for certain financial
 instruments which are measured at fair values. GAAP comprises mandatory
 accounting standards as prescribed under Section 133 of the Companies
 Act''2013 (Act) read with Rule 7 of the Companies (Accounts) Rules,
 2014, the provisions of the Act (to the extent notified) and guidelines
 issued by the Securities and Exchange Board of India (SEBI). Accounting
 policies have been consistently applied except where a newly issued
 accounting standard is initially adopted or a revision to an existing
 accounting standard requires a change in the accounting policy hitherto
 in use.
 
 b.  Use of Estimates
 
 The preparation of financial statements in conformity with Generally
 Accepted Accounting Principles (''GAAP'') requires management to make
 estimates and assumptions that affect the reported amounts of assets
 and liabilities and the disclosure of contingent liabilities on the
 date of the financial statements. Actual results could differ from
 those estimates. Any revision to accounting estimates is recognized
 prospectively in current and future periods.
 
 c.  Revenue Recognition
 
 Revenue from services is recognized as per the terms of the contract
 with the customer using the proportionate completion method.
 
 Income from fixed price construction contracts is recognized by
 reference to the estimated overall profitability of the contract under
 the percentage of completion method. Percentage of completion is
 determined as a proportion of the costs incurred up to the reporting
 date to the total estimated contract costs. Provision for expected loss
 is recognized immediately when it is probable that the total estimated
 contract costs will exceed total contract revenue.
 
 Revenues under cost plus contracts are recognized as services are
 rendered on the basis of an agreed mark-up on costs incurred in
 accordance with arrangement entered.
 
 Revenue recognition is postponed in circumstances when significant
 uncertainty with respect to collectability exists.
 
 Maintenance revenue is considered on acceptance of the contract and is
 accrued over the period of the contract.
 
 Dividend income is recognized when the right to receive the dividend is
 established.
 
 Interest income is recognized on accrual or receipt, whichever is
 earlier.
 
 d.  Fixed assets, Borrowing Costs and Depreciation
 
 Fixed assets are stated at cost of acquisition (including directly
 attributable costs such as freight, installation, taxes, duties etc.)
 or construction, or their corresponding revalued amounts less
 accumulated depreciation.  Borrowing costs directly attributable to
 acquisition or construction of those fixed assets, which necessarily
 take a substantial period of time to get ready for their intended use,
 are capitalized.
 
 Depreciation on assets are provided on Straight Line Method over the
 useful life of the assets.
 
 Useful Life as provided under Schedule II of the Companies Act'' 2013 is
 considered.
 
 Residual value for all assets is considered as ''NIL''.
 
 e.  Impairment
 
 The Company assesses at each balance sheet date whether there is any
 indication that an asset or a group of assets (cash generating unit)
 may be impaired. If any such indication exists, the Company estimates
 the recoverable amount of the asset or cash generating unit. The
 recoverable amount is the greater of the asset''s net selling price and
 value in use. In assessing value in use, the estimated future cash
 flows are discounted to the present value at the weighted average cost
 of capital. If such recoverable amount of the asset or the recoverable
 amount of the cash-generating unit to which the asset belongs is less
 than its carrying amount, the carrying amount is reduced to its
 recoverable amount. The reduction is treated as an impairment loss and
 is recognized in the profit and loss account. If at the balance sheet
 date there is an indication that a previously assessed impairment loss
 no longer exists, the recoverable amount is reassessed and the asset is
 reflected at the recoverable amount subject to a maximum of depreciable
 historical cost had no impairment been recognized.
 
 f.  Investments
 
 Investments that are readily realizable and intended to be held but not
 more than a year are classified as current investments. All other
 investments are classified as long term investments.
 
 Long-term investments are carried at cost. Provision for diminution is
 made to recognize a decline, other than temporary in value of long-term
 investments and is determined separately for each individual
 investment.  Current investments are carried at lower of cost and fair
 value, computed separately in respect of each category of investment.
 
 The cost of investment includes acquisition costs such as brokerage,
 fees and duties.
 
 g.  Inventories
 
 Inventories comprise Work-in-Progress on ongoing projects and Land held
 by the company as on the last day of the financial year.
 Work-in-Progress and Land are valued at actual cost.
 
 h.  Income Taxes:
 
 Tax expense comprises current and deferred tax. Current income tax is
 measured at the amount expected to be paid to the tax authorities in
 accordance with the Indian Income Ta x Act, 1961. Deferred income tax
 reflects the impact of current year timing differences between taxable
 income and accounting income for the year and reversal of timing
 differences of earlier years.
 
 Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the balance sheet date. Deferred
 tax assets are recognized only to the extent that there is reasonable
 certainty that sufficient future taxable income will be available
 against which such deferred tax assets can be realized.  In situations
 where the Company has unabsorbed depreciation or carry forward tax
 losses, all deferred tax assets are recognized only if there is virtual
 certainty supported by convincing evidence that they can be realized
 against future taxable profits.
 
 At each balance sheet date, the Company re-assesses unrecognized
 deferred tax assets. It recognizes unrecognized deferred tax assets to
 the extent that it has become reasonably certain or virtually certain,
 as the case may be, that sufficient future taxable income will be
 available against which such deferred tax assets can be realized.
 
 The carrying amount of deferred tax assets are reviewed at each balance
 sheet date. The Company writes- down the carrying amount of a deferred
 tax asset to the extent that it is no longer reasonably certain or
 virtually certain, as the case may be, that sufficient future taxable
 income will be available against which deferred tax asset can be
 realized. Any such write-down is reversed to the extent that it becomes
 reasonably certain or virtually certain, as the case may be, that
 sufficient future taxable income will be available.
 
 The Company offsets, on a year on year basis, the current tax assets
 and liabilities, where it has a legally enforceable right and where it
 intends to settle such assets and liabilities on a net basis.
 
 i.  Earnings per share
 
 Basic and diluted earnings per share are computed by dividing the net
 profit attributable to equity shareholders for the year, by the
 weighted average number of equity shares outstanding during the year.
 
 j.  Provision, Contingent Liabilities and Contingent Assets:
 
 A provision is recognized when an enterprise has a present obligation
 as a result of past event and it is probable that an outflow of
 resources will be required to settle the obligation, in respect of
 which a reliable estimate can be made. Provisions are not discounted to
 its present value and are determined based on best estimate required to
 settle the obligation at the balance sheet date. These are reviewed at
 each balance sheet date and adjusted to reflect the current best
 estimates.
 
 Contingent liabilities are not provided for unless a reliable estimate
 of probable outflow to the company exists as at the Balance Sheet date.
 These are reviewed at each balance sheet date and adjusted to reflect
 the current best management estimates. Contingent assets are neither
 recognized nor disclosed in the financial statements.
 
 
 In accordance with Accounting Standard 22, the Company has recognised
 in the Statement of Profit & Loss a sum of Rs. 19,924 /- as Deferred Ta
 x Asset (Net) for the Year.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `566.52 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `183.41 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `800 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `818 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `140.36 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `42.76 Cr की बिकवाली की
  • MARKET CUES : स्टॉक ऑप्शंस में `79.20 Cr की बिकवाली की
  • MS ON TCS : Equal-weight रेटिंग, लक्ष्य `1,980/Sh
  • MS ON TITAN : Equal-weight रेटिंग, लक्ष्य `1240/Sh
  • MS ON ICICI BANK : Overweight रेटिंग, लक्ष्य `665/Sh

अभी देखें

योर मनी

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(August 06, 2018)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo

Powerful mix of both trader and investor packs with timely expert advice.

Technical

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental

For all investors looking to unearth stocks that are poised to move.