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moneycontrol.com भारत | लेखांकन नीति > Power - Generation & Distribution > लेखांकन नीति फॉलोड से टाटा हाइड्रो - बीएसई: 500409, NSE: TATAHYDRO

टाटा हाइड्रो

बीएसई: 500409  |  NSE: TATAHYDRO  |  ISIN: INE246A01011  |  Power - Generation & Distribution

खोजें टाटा हाइड्रो कनेक्शन
लेखांकन नीति साल : मार्च '00
 1. Major Accounting Policies :-
 
 (a) Fixed Assets:
 
 (i) All fixed assets are stated at cost less depreciation.  Cost
 comprises the purchase price and any other attributable costs, other
 than financing costs (which are charged to the Profit and Loss
 Account), of bringing the asset to its working condition for its
 intended use.
 
 (ii) In respect of loans and supplier's credit arrangements for
 purchase of fixed assets repayable in foreign currencies relating to
 the electricity business as Licensee, the net increase in the Company's
 liability for repayment consequent upon realignments in rupee value in
 terms of foreign currency values and cost of rollover charges on
 forward contracts has not been added to the cost of assets and,
 accordingly, no depreciation has been provided thereon.  The increase
 or decrease is recognised in the Profit and Loss Account over the
 period of repayment of the liabilities on the basis of the realised
 losses or gains on repayment and the amount of increase remaining to be
 charged off on the basis of future repayment is shown as an asset in
 the Balance Sheet.
 
 (b) Depreciation :
 
 (i) Depreciation for the year in respect of assets relating to the
 electricity business of the Company as Licensee has been provided on
 straight line method in terms of the Electricity (Supply) Act, 1948 on
 the basis of Central Government Notification No.S.O.265(E) dated 27th
 March, 1994, except that computers acquired on or after 1st April, 1998
 are depreciated at the rate of 33.40% p.a. on the basis of approval
 obtained from the State Government.
 
 (ii) Depreciation for the year in respect of assets relating to the
 electricity business of the Company as other than a Licensee has been
 provided on straight line method in terms of the Electricity (Supply)
 Act, 1948 on the basis of Central Government Notification No.S.O.266(E)
 dated 29th March, 1994.
 
 (iii) In respect of assets relating to the other business of the
 Company, depreciation has been provided for on written down value basis
 at the rates and in the manner prescribed in Schedule XIV to the
 Companies Act, 1956, except in the case of technical know-how which is
 written off on a straight line basis over a period of six years.
 
 (iv) Leasehold Land is amortised over the period of the lease.
 
 (c) Investments:
 
 Long term investments are carried at cost less provision, if any, for
 permanent diminution in value of such investments.  Current investments
 are carried at lower of cost and fair value.
 
 (d) Inventories:
 
 Inventories of stores and spare parts and loose tools are valued at or
 below cost.  Cost is ascertained on weighted average basis.
 Work-in-progress is valued at lower of cost and net realisable value
 and in the case of electronic products includes attributed profits.
 Cost includes material costs, labour and manufacturing overheads on the
 basis of absorption costing.
 
 (e) Research and Development Expenses:
 
 Research and Development costs of a revenue nature are charged as an
 expense in the year in which these are incurred.
 
 (f) Warranty Expenses:
 
 Anticipated product warranty costs for the period of warranty are
 provided for in the year of sale.  Other warranty obligations are
 accounted for as and when claims are admitted.
 
 (g) Foreign Exchange Transactions:
 
 Monetary assets and liabilities related to foreign currency
 transactions remaining unsettled at the end of the year are translated
 at the year-end rate and the difference in translation and realised
 gains and losses on foreign exchange transactions (other than for fixed
 assets) are recognised in the Profit and Loss Account.  In respect of
 transactions covered by foreign exchange contracts, the difference
 between the contract rate and the spot rate on the date of the
 transaction is charged to the Profit and Loss Account over the period
 of the contract.
 
 (h) Retirement Benefits:
 
 Provisions for accruing liability for gratuity, pension and leave
 encashment on separation have been made on the basis of the liability
 as actuarially determined as at the year-end.  There are no separate
 trust funds in respect of these liabilities.
 
 (f) Revenue Recognition:
 
 (i) Revenue from Power Supply is accounted for on the basis of billings
 to consumers and is Inclusive of Fuel Adjustment Charges.
 
 (ii) Delayed payment charges for power supply are recognised as and
 when recovered.
 
 (j) Accounting for Contracts:
 
 (i) Income on contracts for construction, technical services related to
 construction of assets, etc. is accounted for on completed contract
 basis and included in Other Income Expenditure incurred during the
 pendency of contracts is carried forward as work-in-progress.
 
 (ii) Income on contracts related to manufacture of electronic products
 is accounted for on percentage of completion basis.  Expenditure
 incurred during the pendency of such contracts plus attributed profits
 is carried forward as work-in-progress.
 
 (k) Issue Expenses :
 
 (i) Expenses incurred in connection with issue of Rights Shares and
 Global Depository Shares are amortised over the remaining period of the
 licence for supply of electricity, in accordance with the treatment
 adopted for the determination of Clear Profit under the Electricity
 (Supply) Act, 1948.  However, the closing balance of the expenditure in
 connection with Global Depository Shares carried forward under
 `Miscellaneous Expenditure (to the extent not written off)' has been
 disclosed as an adjustment against Share Premium.
 
 (ii) Expenses incurred in connection with the issue of Euro Notes are
 adjusted against Share Premium.
 
 (iii) Discount on issue of Euro Notes are amortised over the tenure of
 the Notes.
 
 
 
 
 
स्रोत: रेलीगरे टेचनोवा

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