Financial Statements

Illustrative
financial
statements
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About these financial statements

Financial reporting in India has seen significant changes in recent years. The
Revised Schedule VI, issued by Ministry of Corporate Affairs, lays down a
new format for preparation and presentation of financial statements by Indian
companies for financial years commencing on or after 1 April 2011. It introduces
some significant conceptual changes such as current/non-current distinction,
primacy to the requirements of the accounting standards, etc. While the revised
Schedule does not adopt the international standard on disclosures in financial
statements fully, it brings corporate disclosures closer to international practices.
These illustrative financial statements have been prepared for a listed
manufacturing company, which has an Indian subsidiary. The purpose is to
illustrate a format for individual financial statements required to be prepared under
the Companies Act, 1956 and the Accounting Standards notified by Companies
(Accounting Standards) Rules, 2006. Thus, these financial statements illustrate
disclosures relating not only to the revised Schedule VI but also those required by
the accounting standards which are applicable to the situation.
These financial statements are meant for illustration purposes only, and should
not be considered exhaustive, since presentation and disclosures depend
significantly on the nature of operations and specific conditions of the reporting
enterprise. These financial statements have been prepared using Indian GAAP
effective for accounting periods beginning on or after 1 April 2011, and would need
to be updated periodically as more authoritative guidance becomes available on
complex issues arising from implementation of the standards, and as new/revised
standards become applicable to later accounting periods.
References
To the left of each item, we have made
a reference to Schedule VI/Accounting
Standard/Guidance notes on accounting
etc. which necessitate the disclosure.
For disclosure requirements of Revised
Schedule VI, the references begin with
RSVI. For example, the reference RSVI.
GI.BS.6A(c) means that the disclosure is
required by sub-clause (c) of clause (A) to
Instruction no. 6 of General Instructions
for Preparation of Balance Sheet. Similarly,
for disclosure requirements of accounting
standards, the references begin with
the number of the accounting standard.
For example, the reference AS 1.7(b)
means that the disclosure is required by
paragraph 7(b) of Accounting Standard 1.
Indian GAAP and their interpretation change over time. Whilst these statements
attempt to provide a demonstration of Indian GAAP reporting requirements,
these should not be used as a substitute for referring to the standards and
interpretations, particularly where a specific requirement is not addressed in this
publication or where there is doubt regarding the interpretation. When preparing
its financial statements, an entity should have regard to its legal and regulatory
requirements. The requirements prescribed by a specific regulatory body (e.g.
RBI), if any applicable, should be additionally considered.
We hope that these illustrative financial statements are found useful both to
the preparers of financial statements as well as to the auditors. We request
suggestions from all readers.
Whilst care has been taken in the preparation of this publication, reference to the standards and other authoritative material should be
made, and specific advice sought, in respect of any particular transaction. No responsibility for loss occasioned to any person acting or
refraining from action as a result of any material in this publication can be accepted by KPMG in India.
References
A summary of the references to the sources included in these financial statements is
given below:
RSVI
Revised Schedule VI
RSVI.BS
Balance Sheet
RSVI.PL
Statement of Profit and Loss
RSVI.GI.BS
General Instructions for preparation of Balance Sheet
RSVI.GI.PL
General Instructions for preparation of Statement of Profit

and Loss
GN.RSVI
Guidance Note on the Revised Schedule VI to the

Companies Act, 1956 issued by Institute of Chartered
Accountants of India
AS
Accounting Standards notified under Companies

(Accounting Standards) Rules, 2006
GN.SBP
Guidance Note on Accounting for Employee Share-based

Payments issued by Institute of Chartered Accountants of
India
SEBI Guidelines, 1999
SEBI (Employee Stock Option Scheme (ESOP) &

Employees Share Purchase Scheme (ESPS), Guidelines
1999
GN.MAT
Guidance Note on Accounting for Credit Available in

respect of Minimum Alternative Tax under the Income-tax
Act, 1961 issued by Institute of Chartered Accountants of
India
Sch. XIV
Schedule XIV to the Companies Act, 1956
GN. Reval Reserve
Guidance Note on Availability of Revaluation Reserve for

Issue of Bonus Shares issued by Institute of Chartered
Accountants of India
MSMED Act, 2006
Micro, Small and Medium Enterprises Act, 2006
Table of
contents
Balance sheet
Statement of Profit and Loss
Cash Flow Statement
Company overview
Significant accounting policies
Changes in accounting policies
13
Share capital
14
Reserves and surplus
17
Long-term borrowings
18
Deferred tax liabilities (net)
19
Other long-term liabilities
19
Provisions
20
10
Short-term borrowings
21
11
Trade payables
21
12
Other current liabilities
21
13
Tangible fixed assets
22
14
Intangible fixed assets
25
15
Non-current investments
26
16
Long-term loans and advances
28
17
Other non-current assets
29
18
Current investments
29
19
Inventories
30
20
Trade receivables
30
21
Cash and bank balances
31
22
Short-term loans and advances
31
23
Other current assets
32
24
Revenue from operations
32
25
Other income
33
26
Cost of materials consumed
33
27
Purchases of stock in trade
34
28
Changes in inventories of finished goods, work-in-progress and stock-in-trade
34
29
Employee benefits
34
30
Finance costs
34
31
Depreciation and amortisation
35
32
Other expenses
35
33
Exceptional items
36
34
Prior period item
36
35
Earnings per share (EPS)
37
36
Discontinuing operation
38
37
Employee benefits: post employment benefit plans
39
38
Employee share-based payment plans
42
39
Leases
44
40
Joint ventures
45
41
Segment Information
46
42
Related party disclosures
48
43
Contingent liabilities and commitments
52
44
Derivative instruments
52
45
Loans and advances in the nature of loans given to subsidiaries/ associates, etc.
53
46
Dues to micro and small suppliers
54
47
Details of imported and indigenous raw materials, components and spare parts consumed
during the financial year
55
48
Value of imports on CIF basis
55
49
Expenditure in foreign currency
55
50
Earnings in foreign currency
56
51
Dividend remittances in foreign currency
56
52
Utilisation of the proceeds of rights issue
56
[Name]
Balance Sheet as at 31 March 2012
(INR in million)
Note
RSVI. BS. I
EQUITY AND LIABILITIES
RSVI. BS. I (1)
Shareholders funds
Share capital
Reserves and surplus
31 March 2012
31 March 2011
4
5
RSVI. BS. I (3)
Non-current liabilities
Long-term borrowings
AS 22.30
Deferred tax liabilities (net)1

Other long term liabilities
Long-term provisions
7
8
9
RSVI. BS. I (4)
Current liabilities
Short-term borrowings
10
Trade payables
Other current liabilities
11
12
Short-term provisions
TOTAL
RSVI. BS. II
ASSETS
RSVI. BS. II (1)
Non-current assets
Fixed assets
Capital work-in-progress
13
14
13
14
15
Intangible fixed assets under development

Non-current investments
RSVI. BS. II (2)
Long-term loans and advances

Other non-current assets
Current assets
16
17
Current investments
Inventories
18
19
Trade receivables
Cash and bank balances
Short-term loans and advances
20
21
22
Other current assets

TOTAL
23
2
The notes referred to above form an integral part of the financial statements
As per our report of even date attached
For and on behalf of the Board of Directors of [Name]
For _______________________
Chartered Accountants
Firm registration number:
(Name)
Managing Director
(Name of the Partner)

Partner
Membership No.
______________ (Place)
______________ (Date)
(Name)
Company Secretary
1.
(Name)
Director
______________ (Place)
______________ (Date)
If there is net deferred tax asset, it should be shown as a separate heading after non-current investments under non-current assets (AS 22.30)
[Name]
Statement of Profit and Loss for the year ended 31 March 2012
(INR in million)
Note
RSVI. PL. I
Revenue from operations
AS 9.10
Sale of products (gross)

Less: Excise Duty
Sale of products (net)
31 March 2012
31 March 2011
24
Sale of services
Other operating revenues
Total
RSVI. PL. II
RSVI. PL. III
Other income
Total revenue
RSVI. PL. IV
Expenses2
RSVI. PL. V
RSVI. PL. VI
RSVI. PL. IX
Cost of materials consumed
26
Purchases of stock-in-trade
Changes in inventories of finished goods, work-in-progress and stock-in-trade
Employee benefits
27
28
29
Finance costs
30
31
Other expenses
Total expenses
Profit/ (loss) before exceptional items and tax
32
Exceptional items
Profit/ (loss) before tax3
RSVI. PL. XI, AS

24.32
Profit/ (loss) for the period from continuing

operations before tax4
RSVI. PL. XIII, AS

24.32
Income tax expense of continuing operations5
RSVI. PL. XI
RSVI. PL. XII, AS
24.32
25
33
Current tax
Deferred tax
Profit/ (loss) for the period from continuing
operations after tax
Profit/ (loss) for the period from discontinuing
operations before tax
Income tax expense of discontinuing operations5
Current tax
RSVI. PL. XIV
Deferred tax
Profit/ (loss) for the period from discontinuing operations after tax
RSVI. PL. XV
Profit/ (loss) for the period
RSVI. PL. XVI &

AS 20.8
Earnings per equity share [nominal value of share INR XX

(previous year: INR XX)]
35
Basic
Diluted
Earnings per equity share from continuing operations [nominal value of
share INR XX (previous year: INR XX)]6
Basic
Diluted
[Name]
Statement of Profit and Loss for the year ended 31 March 2012 (Continued)
For _______________________

Partner
Membership No.
______________ (Place)
______________ (Date)
(Name)
Managing Director
(Name)
Director
(Name)
Company Secretary
______________ (Place)
______________ (Date)
2.
The revised Schedule follows the classification of expenses based on their nature. However, a company can, on a voluntary basis, additionally present the
functional classification in the notes.
3.
In case there is an extraordinary item, the disclosure should be as follows:

Profit/ (loss) before exceptional and extraordinary items and tax
Exceptional items
Profit/ (loss) before extraordinary items and tax
Extraordinary items
Profit/ (loss) before tax
4.
As per the Illustrative disclosures contained in AS 24, Discontinuing Operations, the profit/(loss) before tax is analysed into that from continuing operations
(and income-tax relating thereto) and that from discontinuing operations (and income tax relating thereto). Hence the various items of revenue and
expenses presented on the face of the Statement of Profit and Loss are aggregate amounts of both continuing operations and discontinuing operations.
The break-up of revenue and expenses into continuing and discontinuing operations as per AS 24 is made in the notes (along with other disclosures
required by AS 24).
5.
In case a company is covered by Section 115JB of the Income-tax Act, 1961 and a MAT credit entitlement (i.e. excess of amount of MAT paid for a year
over normal tax liability for that year) is recognised as an asset in accordance with the ICAIs Guidance Note on Accounting for Credit Available in respect of
Minimum Alternative Tax under Income-tax Act, 1961, a possible presentation in the Statement of Profit and Loss could be as below:
Current tax: MAT for the year
MAT credit entitlement

Deferred tax

6.
AS 20 permits disclosure of EPS using a reported component of net profit other than net profit or loss for the period. Where discontinuing operations have
a significant EPS impact, EPS from continuing operations would be a useful information. Hence this may be given.
[Name]
Cash Flow Statement for the year ended 31 March 2012 7, 8
(INR in million)
31 March 2012
AS 3.8
Cash flows from operating activities
AS 3.20
Net profit before tax

Adjustments:
31 March 2011
Impairment loss/ (impairment loss reversal)

Interest income
Mark to market loss on derivative contracts
Provision for doubtful loans
Provision for investments
AS 3.27
Amortisation of premium on forward exchange contracts

Unrealised foreign exchange differences
Provisions for employee stock option schemes and other non-current employee benefits
Dividend income
Share in profit of partnership firm
Finance costs
(Profit)/Loss on sale/ retirement of fixed assets
(Profit)/ Loss on sale of investments
Operating cash flow before working capital changes
(Increase) / decrease in trade receivables
(Increase) / decrease in trade advances
(Increase)/ decrease in inventories
(Increase)/ decrease in other assets9
Increase/ (decrease) in trade payables
Increase/(decrease) in other liabilities9
Increase/(decrease) in provisions9
AS 3.34
AS 3.8 & 3.15
AS 3.36
Cash generated from operations

Income taxes (paid)/ refunded
Net cash provided/ (used) by operating activities (A)
Cash flows from investing activities
Purchase or construction of fixed assets (tangible and intangible fixed assets, capital work-inprogress, intangible assets under development) and capital advances
Proceeds from sale of fixed assets
Investment in subsidiaries
Purchase of other investments
Proceeds from sale/maturity of investments
Bank deposits (having original maturity of more than three months)
Redemption/maturity of bank deposits (having original maturity of more than three months)
AS 3.30
AS 3.30
AS 3.30
AS 3.8 & 3.17
Interest received
Dividend received from subsidiaries
Dividends received on other investments
Net cash provided/ (used) by investing activities (B)
Cash flows from financing activities
Proceeds from issue of preference shares
Proceeds from rights issue of equity shares
Proceeds from borrowings
Principal payments under finance leases
Repayment of other borrowings
AS 3.30
Finance costs paid
7.
The items shown herein are only illustrative in nature. In a real-life situation the nature of each item would need to be carefully analysed to determine its
cash flow impact and its classification.
8.
For companies qualifying as small and medium-sized companies (SMCs) within the meaning of this term in Companies (Accounting Standards) Rules,
2006, it is not mandatory to present cash flow statement.
9.
The assets/liabilities/provisions under reference are only those which form part of working capital.
[Name]
Cash Flow Statement for the year ended 31 March 2012 (Continued)
AS 3.30
Dividends paid on equity shares
AS 3.30
Dividends paid on preference shares
AS 3.30
Tax paid on dividends

Net cash provided/ (used) by financing activities (C)
AS 3.25
Net increase/(decrease) in cash and cash equivalents (A + B +C)

Effect of exchange differences on cash and cash equivalents held in foreign currency
Cash and cash equivalents at the beginning of period (see below)
Cash and cash equivalents at the end of period (see below)
Notes to cash flow statement
AS 3.42
1. Components of cash and cash equivalents:
(INR in million)
31 March 2012
31 March 2011
Cash on hand
Cheques, drafts on hand
Balances with banks
Current accounts
Deposit accounts (demand deposits and deposits having original maturity of 3 months
or less)
AS 3.45
2. Current account balances with banks includes INR XX million (previous year: INR XX million) held at a foreign branch which are
not freely remissible to the company because of exchange restrictions.
AS 3.35
3. Total tax paid during the year including dividend distribution tax amounted to INR XX million (previous year: INR XX million).
AS 3.47(a)
4. The company has undrawn borrowing facilities of INR XX million (previous year: INR XX million) of which INR XX million
(previous year: INR XX million) can be used only for future expansion. (AS 3 encourages this disclosure)
AS 24.20 (h)
5. Refer to note 36 for the net cash flows attributable to the office products division which is a discontinuing operation.
For _______________________

Partner
Membership No.
______________ (Place)
______________ (Date)
(Name)
Managing Director
(Name)
Director
(Name)
Company Secretary
______________ (Place)
______________ (Date)
[Name]
Notes to financial statements for the year ended 31 March 2012
1. Company overview
[Name] Ltd. is a public company domiciled and headquartered in India. It is incorporated under the Companies Act, 1956 and
its shares are listed on the National Stock Exchange (NSE). The Company is primarily engaged in publishing and manufacture
of paper products and office products. The Company has operations worldwide and caters to both domestic and international
markets.
2. Significant accounting policies10
AS 1.24 & 1.25
The accounting policies set out below have been applied consistently to the periods presented in these financial statements
except as explained in the note 3 on changes in accounting policies.
Basis of preparation of financial statements
These financial statements have been prepared and presented on the accrual basis of accounting and comply with the
Accounting Standards prescribed in the Companies (Accounting Standards) Rules, 2006 issued by the Central Government,
the relevant provisions of the Companies Act, 1956 and other accounting principles generally accepted in India, to the extent
applicable. The financial statements are presented in Indian rupees rounded off to the nearest million.
This is the first year of application of the revised Schedule VI to the Companies Act, 1956 for the preparation of the financial
statements of the company. The revised Schedule VI introduces some significant conceptual changes as well as new
disclosures. These include classification of all assets and liabilities into current and non-current. Further, pursuant to the
adoption of the revised Schedule VI, the principles for recognising dividends on investments in subsidiary companies have
undergone a change as discussed in note 3 on changes in accounting policies. The previous year figures have also undergone
a major reclassification to comply with the requirements of the revised Schedule VI.
Use of estimates
The preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP) requires
management to make judgments, estimates and assumptions that affect the application of accounting policies and reported
amounts of assets, liabilities, income and expenses and the disclosure of contingent liabilities on the date of the financial
statements. Actual results could differ from those estimates. Estimates and underlying assumptions are reviewed on an
ongoing basis. Any revision to accounting estimates is recognised prospectively in current and future periods.
RSVI. GI. BS. 1
Currentnon-current classification
All assets and liabilities are classified into current and non-current.
Assets
An asset is classified as current when it satisfies any of the following criteria:
a. it is expected to be realised in, or is intended for sale or consumption in, the companys normal operating cycle;
b. it is held primarily for the purpose of being traded;
c. it is expected to be realised within 12 months after the reporting date; or
d. it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least 12 months
after the reporting date.
Current assets include the current portion of non-current financial assets.
All other assets are classified as non-current.
RSVI. GI. BS. 3
Liabilities
A liability is classified as current when it satisfies any of the following criteria:
a. it is expected to be settled in the companys normal operating cycle;
b. it is held primarily for the purpose of being traded;
c. it is due to be settled within 12 months after the reporting date; or
d. the company does not have an unconditional right to defer settlement of the liability for at least 12 months after the
reporting date. Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity
instruments do not affect its classification.
Current liabilities include current portion of non-current financial liabilities.
All other liabilities are classified as non-current.
10.
The description of various accounting policies as given herein is only illustrative and not necessarily mandatory. In a specific situation, the exact description
would have to be carefully considered. Disclosure of significant accounting policies and notes to the accounts would differ in various situations.
[Name]
Notes to financial statements for the year ended 31 March 2012 (Continued)
RSVI. GI. BS. 2
Operating cycle
Operating cycle is the time between the acquisition of assets for processing and their realisation in cash or cash equivalents.
Fixed assets and depreciation
AS 10.9.1
AS 10.19
Tangible fixed assets are carried at cost of acquisition or construction (except land and buildings acquired or constructed
prior to 1 April 2009 which are carried at revalued amounts at that date) less accumulated depreciation and/or accumulated
impairment loss, if any. The cost of an item of tangible fixed asset comprises its purchase price, including import duties and
other non-refundable taxes or levies and any directly attributable cost of bringing the asset to its working condition for its
intended use; any trade discounts and rebates are deducted in arriving at the purchase price.
AS 10.30
On 1 April 2009, the Company revalued all its land and buildings existing on that date. These are carried at fair value less
accumulated depreciation/impairment. In case of revaluation of tangible fixed assets, any increase in net book value arising on
revaluation is credited to the revaluation reserve, except to the extent that it reverses a revaluation decrease of the same asset
previously recognised as a charge in the Statement of Profit and Loss, in which case the increase is credited to the Statement
of Profit and Loss. A decrease in net book value arising on revaluation is recognised as a charge in the Statement of Profit and
Loss, except to the extent it offsets an existing surplus on the same asset recognised in the revaluation reserve, in which
case the decrease is recognised directly in that reserve.
AS 10.23
Subsequent expenditures related to an item of tangible fixed asset are added to its book value only if they increase the future
benefits from the existing asset beyond its previously assessed standard of performance.
AS 12.14
Tangible fixed assets acquired wholly or partly with specific grant/subsidy from government, are recorded at the net
acquisition cost to the company.
AS 16.3.1, 16.4,
16.6, 16.23(a) &
11.46
Borrowing costs are interest and other costs (including exchange differences arising from foreign currency borrowings to the
extent that they are regarded as an adjustment to interest costs) incurred by the Company in connection with the borrowing
of funds. Borrowing costs directly attributable to acquisition or construction of those tangible fixed assets which necessarily
take a substantial period of time to get ready for their intended use are capitalised. Other borrowing costs are recognised as
an expense in the period in which they are incurred.
AS 11.46 & 46A
Exchange differences (favorable as well as unfavorable) arising in respect of translation/settlement of long term foreign
currency borrowings attributable to the acquisition of a depreciable asset are also included in the cost of the asset.
Tangible fixed assets under construction are disclosed as capital work-in-progress.
AS 19.3 & 19.11
AS 19.16
AS 6.29
Leases under which the company assumes substantially all the risks and rewards of ownership are classified as finance
leases. Assets taken on finance lease are initially capitalised at fair value of the asset or present value of the minimum lease
payments at the inception of the lease, whichever is lower. Lease payments are apportioned between the finance charge and
the reduction of the outstanding liability. The finance charge is allocated to periods during the lease term so as to produce a
constant periodic rate of interest on the remaining balance of the liability for each period.
Depreciation is provided on the straight-line method, except in the case of vehicles where the written down value method is
used, over the estimated useful life of each asset as determined by the management. The rates of depreciation prescribed in
Schedule XIV to the Companies Act, 1956 are considered as the minimum rates. If the managements estimate of the useful
life of a fixed asset at the time of acquisition of the asset or of the remaining useful life on a subsequent review is shorter than
that envisaged in the aforesaid schedule, depreciation is provided at a higher rate based on the managements estimate of
the useful life/remaining useful life. Pursuant to this policy, depreciation on computers and vehicles has been provided at the
following rates which are higher than the corresponding rates prescribed in Schedule XIV:
Computers
x% on the straight-line method
Vehicles
x% on the written down value method
Freehold land is not depreciated.

Depreciation is provided on a pro-rata basis i.e. from the date on which asset is ready for use.
AS 19.18
Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives (not being
greater than the useful life envisaged in Schedule XIV to the Companies Act, 1956) unless it is reasonably certain that the
company will obtain ownership by the end of the lease term, in which case the depreciation rates applicable for similar assets
owned by the Company are applied.
Leasehold land is amortised on a straight line basis over the period of lease i.e. 80 years.
Sch. XIV. Note 8
Plant & equipment and furniture & fixtures, costing individually INR 5,000 or less, are depreciated fully in the year of purchase.
If the aggregate of such items of plant and equipment constitutes more than 10 percent of the total actual cost of plant and
equipment, the depreciation rates applicable to such items are applied.
[Name]
GN. Reval
Reserve, para 9
Depreciation for the year is recognised in the Statement of Profit and Loss. However for revalued assets, the additional depreciation
relatable to revaluation is adjusted by transfer from revaluation reserve to Statement of Profit and Loss.
AS 6.11
The useful lives are reviewed by the management at each financial year-end and revised, if appropriate. In case of a revision, the
unamortised depreciable amount is charged over the revised remaining useful life.
AS 10.25
A fixed asset is eliminated from the financial statements on disposal or when no further benefit is expected from its use and
disposal.
AS 10.24
Assets retired from active use and held for disposal are stated at the lower of their net book value and net realisable value and
shown under Other current assets.
AS 10.26 & 10.32
Losses arising from retirement or gains or losses arising from disposal of fixed assets which are carried at cost are recognised in
the Statement of Profit and Loss. In case of disposal of a revalued asset, the difference between net disposal proceeds and the
net book value is charged or credited to the Statement of Profit and Loss except that to the extent that such a loss is related to an
existing surplus on that asset recognised in revaluation reserve, it is charged directly to that reserve.

AS 10. 36
(i) Goodwill
AS 26.7
Goodwill that arises on an amalgamation or on the acquisition of a business is presented as an intangible asset.
AS 14.19
Goodwill arising from amalgamation is measured at cost less accumulated amortisation and any accumulated impairment loss.
Such goodwill is amortised over its estimated useful life or five years whichever is shorter.
Goodwill arising on acquisition of a business is measured at cost less any accumulated impairment loss.
AS 28.78
AS 26.23 & 26.62
Goodwill is tested for impairment annually.

(ii) Acquired intangible assets
Intangible assets that are acquired by the Company are measured initially at cost. After initial recognition, an intangible asset is
carried at its cost less any accumulated amortisation and any accumulated impairment loss.
Subsequent expenditure is capitalised only when it increases the future economic benefits from the specific asset to which it
relates.
AS 26.59
(iii) Internally generated intangible assets

AS 26.35
Internally generated goodwill is not recognised as an asset. With regard to other internally generated intangible assets:
AS 26.41
Expenditure on research activities, undertaken with the prospect of gaining new scientific or technical knowledge and
understanding, is recognised in the statement of profit & loss as incurred.
AS 26.44
Development activities involve a plan or design for the production of new or substantially improved products or processes.
Development expenditure is capitalised only if development costs can be measured reliably, the product or process is
technically and commercially feasible, future economic benefits are probable, and the Company intends to and has sufficient
resources to complete development and to use the asset. The expenditure capitalised includes the cost of materials, direct
labour, overhead costs that are directly attributable to preparing the asset for its intended use, and directly attributable
borrowing costs (in the same manner as in the case of tangible fixed assets). Other development expenditure is recognised
in profit or loss as incurred.
AS 26.63& 26.83
Intangible assets are amortised in profit or loss over their estimated useful lives, from the date that they are available for use based
on the expected pattern of consumption of economic benefits of the asset. Accordingly, at present, these are being amortised on
straight line basis. In accordance with the applicable Accounting Standard, the Company follows a rebuttable presumption that the
useful life of an intangible asset will not exceed ten years from the date when the asset is available for use. However, if there is
persuasive evidence that the useful life of an intangible asset is longer than ten years, it is amortised over the best estimate of its
useful life. Such intangible assets and intangible assets that are not yet available for use are tested annually for impairment.
AS 26.90(a)
The amortisation rates are as follows:

AS 26. 78
Brands and trademarks: x%

Computer software: x%
Intellectual property rights: x%
Licenses: x%
Amortisation method and useful lives are reviewed at each reporting date. If the useful life of an asset is estimated to be
significantly different from previous estimates, the amortisation period is changed accordingly. If there has been a significant change
in the expected pattern of economic benefits from the asset, the amortisation method is changed to reflect the changed pattern.
[Name]
AS 26.87
An intangible asset is derecognised on disposal or when no future economic benefits are expected from its use and disposal.
AS 26.88
Losses arising from retirement and gains or losses arising from disposal of an intangible asset are measured as the difference
between the net disposal proceeds and the carrying amount of the asset and are recognised in the Statement of Profit and Loss.
AS 26.83
Impairment
Goodwill, intangible assets which are amortised over a period exceeding ten years and intangible assets which are not yet available
for use are tested for impairment annually. Other fixed assets (tangible and intangible) are reviewed at each reporting date to
determine if there is any indication of impairment. For assets in respect of which any such indication exists and for intangible assets
mandatorily tested annually for impairment, the assets recoverable amount is estimated. An impairment loss is recognised if the
carrying amount of an asset exceeds its recoverable amount.
AS 28.14, 28.25
& 28.64
For the purpose of impairment testing, assets are grouped together into the smallest group of assets (cash generating unit or CGU)
that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. Goodwill
is allocated to CGUs only when the allocation can be done on a reasonable and consistent basis. If this requirement is not met for
a specific CGU under review, the smallest CGU to which the carrying amount of goodwill can be allocated on a reasonable and
consistent basis is identified and the impairment testing carried out at that level.
The recoverable amount of an asset or CGU is the greater of its value in use and its net selling price. In assessing value in use,
the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market
assessments of the time value of money and the risks specific to the asset or CGU.
AS 28.87
Impairment losses are recognised in profit or loss. However, an impairment loss on a revalued asset is recognised directly against
any revaluation surplus to the extent that the impairment loss does not exceed the amount held in the revaluation surplus for
that same asset. Impairment loss recognised in respect of a CGU is allocated first to reduce the carrying amount of any goodwill
allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis.
AS 28.101 &
28.108
If at the balance sheet date there is an indication that a previously assessed impairment loss no longer exists or has decreased, the
assets or CGUs recoverable amount is estimated. For assets other than goodwill, the impairment loss is reversed to the extent
that the assets carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or
amortisation, if no impairment loss had been recognised. Such a reversal is recognised in the Statement of Profit and Loss; however,
in the case of revalued assets, the reversal is credited directly to revaluation surplus except to the extent that an impairment loss on
the same revalued asset was previously recognised as an expense in the Statement of Profit and Loss. Impairment loss recognised
for goodwill is not reversed in a subsequent period unless the impairment loss was caused by a specific external event of an
exceptional nature that is not expected to recur, and subsequent external events have occurred that reverse the effect of that event.
Operating leases
AS 19.23
Assets acquired under leases other than finance leases are classified as operating leases. The total lease rentals (including
scheduled rental increases) in respect of an asset taken on operating lease are charged to the Statement of Profit and Loss on a
straight line basis over the lease term unless another systematic basis is more representative of the time pattern of the benefit.
Initial direct costs incurred specifically for an operating lease are deferred and charged to the Statement of Profit and Loss over the
lease term.
AS 19.39, 19.40,
19.41 & 19.42
Assets given by the Company under operating lease are included in fixed assets. Lease income from operating leases is
recognised in the Statement of Profit and Loss on a straight line basis over the lease term unless another systematic basis is more
representative of the time pattern in which benefit derived from the leased asset is diminished. Costs, including depreciation,
incurred in earning the lease income are recognised as expenses. Initial direct costs incurred specifically for an operating lease are
deferred and recognised in the Statement of Profit and Loss over the lease term in proportion to the recognition of lease income.
Investments
AS 13.3
Investments that are readily realisable and intended to be held for not more than a year from the date of acquisition are classified
as current investments. All other investments are classified as long-term investments. However, that part of long term investments
which is expected to be realised within 12 months after the reporting date is also presented under current assets as current
portion of long term investments in consonance with the current/non-current classification scheme of revised Schedule VI.
AS 13.32
Long-term investments (including current portion thereof) are carried at cost less any other-than-temporary diminution in value,
determined separately for each individual investment.
AS 13.31
Current investments are carried at the lower of cost and fair value. The comparison of cost and fair value is done separately in
respect of each category of investments i.e., equity shares, preference shares, convertible debentures etc.
AS 13.33
Any reductions in the carrying amount and any reversals of such reductions are charged or credited to the Statement of Profit and
Loss.
[Name]
10
AS 13.22
Profit or loss on sale of investments is determined on the basis of weighted average carrying amount of investments disposed of.
AS13.3
Investment in land or buildings that are not intended to be occupied substantially for use by, or in operations of the company, or held
for rental purpose is classified as investment property. It is measured at cost on initial recognition. Cost includes expenditure that is
directly attributable to the acquisition or construction of the investment property. Each investment property is evaluated to provide
for diminution in value, which is other than temporary. Any gain or loss on disposal of an investment property (calculated as the
difference between the net proceeds from disposal and the carrying amount of the property) is recognised in Statement of Profit
and Loss.
Investment in the capital of a partnership firm is shown by reference to the capital of the firm on the balance sheet date. In case
the financial statements of the firm are not made up to the same date as the date of the companys financial statements and if it is
not practicable to draw up the financial statements of the firm upto such date, adjustments are made for the effects of significant
transactions or other events that occur between those dates. However, the difference in reporting dates can not exceed six
months. The Companys share of profit or loss in a partnership firm is recognised in the Statement of Profit and Loss as and when it
accrues i.e. when it is computed and credited or debited to the capital/current/any other account of the company in the books of the
partnership firm.
Inventories
AS 2.5, 2.24
Inventories which comprise raw materials, work-in-progress, finished goods, stock-in-trade, stores and spares, and loose tools are
carried at the lower of cost and net realisable value.
AS 2.6
Cost of inventories comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their
present location and condition.
AS 2.9
In determining the cost, weighted average cost method is used. In the case of manufactured inventories and work in progress,
fixed production overheads are allocated on the basis of normal capacity of production facilities.
AS 2.3.2
Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the
estimated costs necessary to make the sale.
The net realisable value of work-in-progress is determined with reference to the selling prices of related finished products. Raw
materials and other supplies held for use in the production of finished products are not written down below cost except in cases
where material prices have declined and it is estimated that the cost of the finished products will exceed their net realisable value.
AS 2.21
The comparison of cost and net realisable value is made on an item-by-item basis.
Employee benefits
Short-term employee benefits
AS 15.10
Employee benefits payable wholly within twelve months of receiving employee services are classified as short-term employee
benefits. These benefits include salaries and wages, bonus and ex-gratia. The undiscounted amount of short-term employee
benefits to be paid in exchange for employee services is recognised as an expense as the related service is rendered by employees.
Post-employment benefits
Defined contribution plans
AS 15.7, 15.44 &

15.45
A defined contribution plan is a post-employment benefit plan under which an entity pays specified contributions to a separate
entity and has no obligation to pay any further amounts. The Company makes specified monthly contributions towards employee
provident fund to Government administered provident fund scheme which is a defined contribution plan. The Companys
contribution is recognised as an expense in the Statement of Profit and Loss during the period in which the employee renders the
related service.
Defined benefit plans
AS 15.7, 15.50,
15.46, 15.55,
15.61, 15.65 &
15.78
The Companys gratuity benefit scheme and post-employment medical benefit scheme are defined benefit plans. The Companys
net obligation in respect of a defined benefit plan is calculated by estimating the amount of future benefit that employees have
earned in return for their service in the current and prior periods; that benefit is discounted to determine its present value. Any
unrecognised past service costs and the fair value of any plan assets are deducted. The calculation of the Companys obligation
under each of the two plans is performed annually by a qualified actuary using the projected unit credit method.
AS 15.92, 15.94
The Company recognises all actuarial gains and losses arising from defined benefit plans immediately in the Statement of Profit
and Loss. All expenses related to defined benefit plans are recognised in employee benefits expense in the Statement of Profit
and Loss. When the benefits of a plan are improved, the portion of the increased benefit related to past service by employees
is recognised in Statement of Profit and Loss on a straight-line basis over the average period until the benefits become vested.
The Company recognises gains and losses on the curtailment or settlement of a defined benefit plan when the curtailment or
settlement occurs.
[Name]
11
Compensated Absences
AS 15.129
The employees can carry-forward a portion of the unutilised accrued compensated absences and utilise it in future service periods
or receive cash compensation on termination of employment. Since the compensated absences do not fall due wholly within
twelve months after the end of the period in which the employees render the related service and are also not expected to be utilised
wholly within twelve months after the end of such period, the benefit is classified as a long-term employee benefit. The Company
records an obligation for such compensated absences in the period in which the employee renders the services that increase this
entitlement. The obligation is measured on the basis of independent actuarial valuation using the projected unit credit method.
AS 15.7& 15.137
Termination benefits
Termination benefits are recognised as an expense when, as a result of a past event, the Company has a present obligation that can
be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation.
Revenue recognition
AS 9.11 & 9.12,

GN 9.1.3 &9.1.4
Revenue from sale of goods in the course of ordinary activities is recognised when property in the goods or all significant risks
and rewards of their ownership are transferred to the customer and no significant uncertainty exists regarding the amount of
the consideration that will be derived from the sale of the goods and regarding its collection. In view of the nature of services
rendered, revenue from services is recognised under the proportionate completion method provided the consideration is reliably
determinable and no significant uncertainty exists regarding the collection of the consideration. The amount recognised as revenue
is exclusive of sales tax, value added taxes (VAT) and service tax, and is net of returns, trade discounts and quantity discounts.
AS 9.13
Dividend income is recognised when the right to receive payment is established.
AS 9.13
Interest income is recognised on a time proportion basis taking into account the amount outstanding and the interest rate
applicable. Discount or premium on debt securities held is accrued over the period to maturity.
Foreign exchange transactions
AS 11.9
Foreign exchange transactions are recorded into Indian rupees using the average of the opening and closing spot rates on the dates
of the respective transactions.
AS 11.11, 11.36 &

11.46
Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date are translated into Indian rupees
at the closing exchange rates on that date. The resultant exchange differences are recognised in the Statement of Profit and Loss
except that:
a. exchange differences pertaining to long term foreign currency monetary items that are related to acquisition of depreciable
assets are adjusted in the carrying amount of the related fixed assets;
b. exchange differences arising on other long-term foreign currency monetary items are accumulated in Foreign Currency
Monetary Item Translation Difference Account (FCMITDA), and are amortised over the balance period of the relevant foreign
currency item.
A foreign currency monetary item is classified as long-term if it has original maturity of one year or more.
AS 11.15
Exchange differences arising on a monetary item that, in substance, forms part of the companys net investment in a non-integral
foreign operation are accumulated in a foreign currency translation reserve until the disposal of the net investment, at which time
the accumulated amount is recognised as income or as expense.
AS 11.36
The premium or discount on a forward exchange contract taken to hedge foreign currency risk of an existing asset/liability is
recognised over the period of the contract. The amount so recognised in respect of forward exchange contracts which are taken
to hedge long-term foreign currency monetary items is added to / deducted from the carrying amounts of depreciable assets or
accumulated in FCMITDA as discussed above. In respect of other forward exchange contracts, it is recognised in the Statement of
Profit and Loss.
The forward exchange contracts taken to hedge existing assets or liabilities are translated at the closing exchange rates and
resultant exchange differences are recognised in the same manner as those on the underlying foreign currency asset or liability.
ICAI Ann. On
derivatives 2005
&2008
Derivative instruments
Apart from forward exchange contracts taken to hedge existing assets or liabilities, the Company also uses derivatives to hedge
its foreign currency risk exposure relating to firm commitments and highly probable transactions. In accordance with the relevant
announcement of the Institute of Chartered Accountants of India, the company provides for losses in respect of such outstanding
derivative contracts at the balance sheet date by marking them to market. Net gain, if any, is not recognised. The contracts are
aggregated category-wise, to determine the net gain/loss.
[Name]
AS 11.21, 11.24 &
11.31
12
Translation of foreign operations

For translating the financial statements of foreign branches, these are classified into integral and non-integral foreign operations.
Integral foreign operations are those which carry on their business as if they were an extension of the Companys operations. Other
foreign operations are classified as non-integral.
The financial statements of an integral foreign operation are translated into Indian rupees as if the transactions of the foreign
operation were those of the Company itself.
In the case of a non-integral foreign operation, the assets and liabilities, both monetary and non-monetary, are translated at the
closing exchange rate and income and expense items are translated at exchange rates at the dates of the transactions. The
resulting exchange differences are accumulated in foreign currency translation reserve. On the disposal of a non-integral foreign
operation, the cumulative amount of foreign currency translation reserve which relates to that operation is recognised as income or
as expense.
Provisions
AS 29.35 & 29.52
A provision is recognised if, as a result of a past event, the Company has a present obligation that can be estimated reliably, and
it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are recognised at the best
estimate of the expenditure required to settle the present obligation at the balance sheet date. The provisions are measured on an
undiscounted basis.
Warranties
Warranty costs are estimated on the basis of a technical evaluation and past experience. Provision is made for estimated liability in
respect of warranty costs in the year of sale of goods.
Onerous Contracts
A contract is considered as onerous when the expected economic benefits to be derived by the company from the contract are
lower than the unavoidable cost of meeting its obligations under the contract. The provision for an onerous contract is measured
at the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a
provision is established, the Company recognises any impairment loss on the assets associated with that contract.
Environmental costs
A provision for rehabilitation of the land and water protection measures is recognised at the best estimate of the costs of the cleanup.
Contingencies
AS 29.10
Provision in respect of loss contingencies relating to claims, litigation, assessment, fines, penalties, etc. are recognised when it is
probable that a liability has been incurred, and the amount can be estimated reliably.
AS 29.10
Contingent liabilities and contingent assets
AS 19.30 & 68
A contingent liability exists when there is a possible but not probable obligation, or a present obligation that may, but probably will
not, require an outflow of resources, or a present obligation whose amount cannot be estimated reliably. Contingent liabilities do
not warrant provisions, but are disclosed unless the possibility of outflow of resources is remote. Contingent assets are neither
recognised nor disclosed in the financial statements. However, contingent assets are assessed continually and if it is virtually
certain that an inflow of economic benefits will arise, the asset and related income are recognised in the period in which the change
occurs.
Income Taxes
Income-tax expense comprises current tax (i.e. amount of tax for the period determined in accordance with the income-tax law) and
deferred tax charge or credit (reflecting the tax effects of timing differences between accounting income and taxable income for the
period). Income-tax expense is recognised in profit or loss except that tax expense related to items recognised directly in reserves
is also recognised in those reserves.
AS 22.9,22.13
22.15, 22.17,
22.19,22.20,
22.21, 22.26,
Current tax is measured at the amount expected to be paid to (recovered from) the taxation authorities, using the applicable tax
rates and tax laws. Deferred tax is recognised in respect of timing differences between taxable income and accounting income i.e.
differences that originate in one period and are capable of reversal in one or more subsequent periods. The deferred tax charge or
credit and the corresponding deferred tax liabilities or assets are recognised using the tax rates and tax laws that have been enacted
or substantively enacted by the balance sheet date. Deferred tax assets are recognised only to the extent there is reasonable
certainty that the assets can be realised in future; however, where there is unabsorbed depreciation or carried forward loss under
taxation laws, deferred tax assets are recognised only if there is a virtual certainty supported by convincing evidence that sufficient
future taxable income will be available against which such deferred tax assets can be realised. Deferred tax assets are reviewed as
at each balance sheet date and written down or written-up to reflect the amount that is reasonably/virtually certain (as the case may
be) to be realised.
[Name]
GN on MAT.Para
11&12
Minimum Alternative Tax (MAT) under the provisions of the Income-tax Act, 1961 is recognised as current tax in the
Statement of Profit and Loss. The credit available under the Act in respect of MAT paid is recognised as an asset only when
and to the extent there is convincing evidence that the company will pay normal income tax during the period for which the
MAT credit can be carried forward for set-off against the normal tax liability. MAT credit recognised as an asset is reviewed at
each balance sheet date and written down to the extent the aforesaid convincing evidence no longer exists.
GN.SBP and
SEBI Guidelines,
1999
Employee stock option schemes

The excess of the market price of shares, at the date of grant of options under the Employee Stock Option Schemes of the
Company, over the exercise price is regarded as employee compensation, and recognised on a straight-line basis over the
period over which the employees would become unconditionally entitled to apply for the shares.
Expenditure on issue of shares and debentures and discount on issue of debentures
Expenditure on underwriting or subscription of shares is amortised on a straight-line basis over a period of five years.
Discount on issue of debentures and expenditure incurred in connection with such issue are amortised over the term of the
debentures in proportion to the principal amount outstanding.
AS 1.26 & AS
5.32
3. Changes in accounting policies

The accounting policies followed by the Company in the current year involve the following changes vis--vis those followed in
the previous year.
Dividend on investment in subsidiary company
In the previous year, the Company recognised dividends declared by subsidiary company even after the date of the balance
sheet if they pertained to the period ending on or before the balance sheet date. However, as a result of revision of Schedule
VI to the Companies Act 1956, the Company has changed this accounting policy. As per the revised policy, dividend from
subsidiary company is recognised as income only when the right to receive dividend is established. No adjustment has been
made in respect of dividend from subsidiary recognised in the immediately preceding year as per the previous accounting
policy.
Had the company continued to follow the earlier accounting policy, the profit for the year and current assets would have been
higher by INR XX million.
Initial direct costs for operating leases as a lessee
Till the financial year ended 31 March 2011, initial direct costs, such as commissions and legal fees, incurred by the company
for negotiating and arranging operating leases were recognised as expense immediately in the Statement of Profit and Loss.
In the current year, the company has revised the accounting policy prospectively whereby these costs will be recognised as
expense over the lease term. In the view of the management, the revised policy results in a more appropriate matching of
these costs with associated benefits.
Had the company continued to follow the earlier accounting policy, the profit for the period and non-current assets would have
been lower by INR XX million each.
Exchange differences on long-term foreign currency monetary items
In the previous year, the company recognised exchange differences on both long-term and short-term foreign currency
monetary items in Statement of Profit and Loss. However, with effect from 1 April 2011, the company has decided to
prospectively apply the alternative accounting treatment available under Accounting Standard 11 regarding exchange
differences on long-term foreign currency monetary items (refer note 2 for details of the current accounting policy). The
revised policy facilitates greater comparability between the financial statements of the company with other similar entities.
Had the company continued to follow the earlier accounting policy, the profit for the period, tangible fixed assets and other
non-current assets would have been lower by INR XX million, INR XX million and INR XX million respectively.
13
14
[Name]
RSVI. GI. BS. 6A
(INR in million)
4. Share Capital
31 March 2012
31 March 2011
31 March 2012
31 March 2011
Authorised
RSVI. GI. BS. 6A
(a), (c)
RSVI. GI. BS. 6A

(b), (c)
XXXX (previous year: XXXX) equity shares of INR XX each

XXXX (previous year: XXXX) preference shares of INR XX each
Issued, subscribed and paid-up
XXXX (previous year: XXXX) equity shares of INR XX each
Less: Calls unpaid on XX (previous year: Nil) equity shares of INR XX each
RSVI. GI. BS. 6A

(b)(k)
By directors and officers

By others
XXXX (previous year: XXXX) x% redeemable cumulative preference shares of INR

XX each
XXXX (previous year: XXXX) x% compulsorily convertible non-cumulative
preference shares of INR XX each
RSVI. GI. BS.

6A (d)
Reconciliation of shares outstanding at the beginning and at the end of the

reporting period
Number
Amount
Number
Amount
Equity shares
At the commencement of the period
Shares issued on exercise of employee stock options
Shares issued under the rights issue
At the end of the period
x% redeemable cumulative preference shares
At the commencement of the period
Shares issued
At the end of the period
x% compulsorily convertible non-cumulative preference shares
At the commencement and at the end of the period
RSVI. GI. BS.

6A(e)
Rights, preferences and restrictions attached to equity shares

The company has a single class of equity shares. Accordingly, all equity shares rank equally with regard to dividends and share
in the companys residual assets. The equity shares are entitled to receive dividend as declared from time to time subject to
payment of dividend to preference shareholders. The voting rights of an equity shareholder on a poll (not on show of hands)
are in proportion to its share of the paid-up equity capital of the company. Voting rights cannot be exercised in respect of
shares on which any call or other sums presently payable have not been paid.
Failure to pay any amount called up on shares may lead to forfeiture of the shares.
On winding up of the company, the holders of equity shares will be entitled to receive the residual assets of the company,
remaining after distribution of all preferential amounts in proportion to the number of equity shares held.
15
[Name]
RSVI. GI. BS.
6A (j) & (e)
Rights, preferences and restrictions attached to preference shares

x% redeemable, cumulative preference shares of INR XX each were privately placed with XYZ Bank Ltd. on 1 June 2010 at a
premium of INR XX per share. These shares may be redeemed, in whole or in part, at the option of the company or the holder
at any time on or after 1 April 2012 subject to satisfaction of certain conditions, at the stipulated redemption amount. If not
redeemed earlier, these shares will be redeemed on 31 May 2015 at a premium of INR XX per share. The holders of these
shares are entitled to a cumulative dividend of x%.
Compulsorily convertible non-cumulative preference shares were issued at par in December 2009 and each share is
convertible into one equity share of par value INR XX at any time on or after 1 April 2014 but not later than 31 December 2016
by the preference shareholders. Failing this, they shall be converted into equity shares by the company on 31 December 2016.
The holders of these shares are entitled to a non-cumulative dividend of x%.
Preference shares of both classes carry a preferential right as to dividend over equity shareholders. Where dividend on
cumulative preference shares is not declared for a financial year, the entitlement thereto is carried forward whereas in the
case of non-cumulative preference shares, the entitlement for that year lapses. The preference shares are entitled to one vote
per share at meetings of the Company on any resolutions of the company directly affecting their rights. However, a cumulative
preference shareholder acquires voting rights on par with an equity shareholder if the dividend on preference shares has
remained unpaid for a period of not less than two years. For a non-cumulative preference shareholder, such a right arises if the
dividend has remained unpaid for a period of not less than two years or for any three years during a period of six years ending
with the financial year preceding the meeting. In the event of liquidation, preference shareholders have a preferential right
over equity shareholders to be repaid to the extent of capital paid-up and dividend in arrears on such shares.
Employee stock options
Terms attached to stock options granted to employees are described in note 38 regarding employee share based payments
RSVI. GI. BS.

6A (f)
Shares held by holding/ultimate holding company and/or their subsidiaries/associates

31 March 2012
Number
Amount
(INR in million)
31 March 2011
Number
Amount
(INR in million)
Equity shares of INR XX each fully paid up held by11

a.
holding company
b.
ultimate holding company
c.
subsidiaries of holding company
d.
subsidiaries of ultimate holding company [excluding entities at

(a) and (c)]
e.
associates of holding company
f.
associates of ultimate holding company
x% compulsorily convertible non-cumulative preference shares of

INR XX each fully paid-up held by holding company
11.
This disclosure is on the basis of legal ownership except where information regarding beneficial ownership is available from the records of the company or
from the depositories.
16
[Name]
RSVI. GI. BS.
6A (g)
Particulars of shareholders holding more than 5% shares of a class of shares

31 March 2012
% of total
Number
shares in
the class12
31 March 2011
% of total
Number
shares in
the class12
Equity shares of INR XX each fully paid-up held by
H Ltd., holding company
UH Ltd., ultimate holding company
ABC Ltd.
x% redeemable cumulative preference shares of INR XX each held by:
XYZ Bank
x% compulsorily convertible non-cumulative preference shares of INR XX

each fully paid up held by the H Ltd. holding company
RSVI. GI. BS.
6A (h)
Shares reserved for issue under options and contracts/ commitments for sale of shares/ disinvestment:
31 March 2012
Number
Amount
(INR in million)
RSVI. GI. BS.

6A (i)
a.
Under Employee Stock Option Scheme, 2011: XXXX equity shares of

INR XX each, at an exercise price of INR XX per share
b.
Under Employee Stock Option Scheme, 2010: XXXX equity shares of

INR XX each, at an exercise price of INR XX per share
c.
For compulsorily convertible non-cumulative preference shares: XXXX

equity shares of INR XX each (also refer to rights, preferences and
restrictions attached to preference shares)
31 March 2011
Number
Amount
(INR in million)
Aggregate number of bonus shares issued, shares issued for consideration other than cash and shares bought back during
the period of five years immediately preceding the reporting date:
During the five-year period ended 31 March 2012 (31 March 2011)
12.
XXXX (previous year: XXXX) equity shares of INR XX each, fully paid up have been allotted as bonus shares by capitalisation of
general reserve.
XXXX (previous year: XXXX) equity shares of INR XX each have been allotted as fully paid up pursuant to a contract without
payment being received in cash. (In addition, XX shares have been issued under Employee Stock Option Plans
(previous year: XX) for which only exercise price has been recovered in cash.)
No shares have been bought back.
Though not explicitly required by the revised Schedule VI, it is recommended that the percentage shareholding should be given to facilitate a clearer
understanding of the holding of these shareholders.
17
[Name]
RSVI.GI. BS. 6B
(INR in million)
5. Reserves and surplus

31 March 2012
RSVI.GI. BS.
6B(i)(a)
Capital Reserve
At the commencement and at the end of the year
RSVI.GI. BS.
6B(i)(b)
Capital redemption reserve

At the commencement and at the end of the year
RSVI.GI. BS.
6B(i)(c)
Securities premium account
31 March 2011
At the commencement of the year

Premium received on rights issue
Transfer from stock options outstanding account on exercise of employee stock options
RSVI.GI. BS.
6B(i)(d)
Debenture redemption reserve

Amount transferred from Surplus
RSVI.GI. BS.
6B(i)(e)
Revaluation reserve
Amount transferred to the Statement of Profit and Loss on account of additional depreciation on
revalued assets
RSVI.GI. BS.
6B(i)(f)
Employee stock options outstanding account

Employee compensation expense for the year
Transferred to securities premium account/ share capital on exercise of stock options
RSVI.GI. BS.
6B(i)(g)
General reserve
Amount transferred from Surplus
AS 11.46 &
11.46A
Foreign currency monetary item translation difference account13

Exchange gain/ (loss) during the year on foreign currency term loan
Amount amortised during the year to Statement of Profit and Loss
RSVI.GI. BS.
6B(i)(h)
Surplus (Profit and loss balance)14

Profit/ (loss) for the year
Appropriations
Proposed dividend on x% redeemable cumulative preference shares [amount INR X per
share (previous year: INR X per share)]
Tax on proposed preference dividend as above
Proposed dividend on x% compulsorily convertible non-cumulative preference shares [amount
INR X per share (previous year: INR X per share)]
Tax on proposed preference dividend as above
Proposed equity dividend [amount INR X per share (previous year: INR X per share)]
Tax on proposed equity dividend
Amortisation of premium payable on redemption of preference shares
Transfer to debenture redemption reserve
Transfer to general reserve
Total reserves and surplus

13.
14.
While the disclosure of balance in FCMITDA under reserves and surplus is supported by the substance of the transaction, there is also an alternative
practice whereby this balance is included under assets or liabilities, as the case may be. The classification of the relevant asset/liability as non-current or
current would be based on the usual classification criteria.
Debit balance in the Statement of Profit and Loss is to be shown as a negative figure under the head Surplus.
18
[Name]
RSVI. GI. BS. 6C
(INR in million)
6. Long-term borrowings15
Non-current portion
31 March
2012
RSVI. GI. BS. 6C

(i) (a) & (ii)
31 March
2011
Current portion
31 March
2012
31 March
2011
Bonds/debentures
XXXX (previous year: XXXX) x% bonds of INR XX each (unsecured)
RSVI. GI. BS. 6C

(i) (b) & (ii)
XXXX (previous year: XXXX) x% non-convertible debentures of INR

XX each (secured)
Term loans
From bank (secured)
From B Ltd., subsidiary (unsecured)
From Mr. W, whole-time director (secured)
RSVI. GI. BS. 6C

(i) (c) & (ii)
Deferred payment liability (secured)
RSVI. GI. BS. 6C

(i) (d) & (ii)
Deposits from shareholders (unsecured)
RSVI. GI. BS. 6C

(i) (f) & (ii)
Finance lease obligations (secured)

*
* Amount disclosed under other current liabilities

RSVI. GI. BS. 6C
(iv) & (vi)
x% unsecured bonds of face value of INR XX million were issued at a discount of x% on 15 June 2009 and are redeemable at face
value in six equal annual installments of INR XX million commencing 1 July 2012.
RSVI. GI. BS.

6C (ii),(iv), (v)
& (vi )
x% non-convertible debentures of INR XX each were allotted on 1 April 2009 and are secured by an equitable mortgage of
machinery of the company (excluding machinery acquired under deferred payment liability/ finance leases). These debentures are
redeemable at face value of INR XX each on 31 March 2014. As per the terms of issue, the company has the option to buy-back
the debentures at par (plus accrued interest) after a period of not less than one year from the date of allotment of debentures. The
company has the power to re-issue such bought-back debentures on the terms and conditions as may be approved by the Board of
Directors.
RSVI. GI. BS. 6C

(ii) & (vi)
RSVI. GI. BS.

6C (vi)
RSVI. GI. BS. 6C
(ii) & (vi)
RSVI. GI. BS.

6C (vi)
RSVI. GI. BS.
6C (vi)
RSVI. GI. BS. 6C
(vi) & AS 19.22
(f)
The term loan from bank is a foreign currency term loan taken from XYZ Bank during the financial year 2008-09 which carries
interest at applicable LIBOR plus margin (250 basis points). It is repayable in 25 equal quarterly instalments of USD XX million each
commencing 1 January 2010. The term loan is secured by first charge on immovable properties (comprising land and buildings),
present and future, of the company.
Indian rupee loan from B Ltd., a subsidiary (a related party), was taken on 1 May 2010 and is repayable on 30 April 2014. The loan
carries interest of X% per annum.
Indian rupee loan from Mr. W, a whole-time director of the company (a related party) was taken on 1 December 2010 and is
repayable on 30 November 2012. The loan is secured against the book debts of the company, present and future. The loan carries
interest of X% per annum.
Deferred payment liability relates to certain items of machinery purchased in July 2010 and is secured by way of a first charge on
the said machinery. The amount is payable in six instalments over a period ranging from 15 to 48 months from the date of purchase.
Personal guarantee of Mr. M, managing director, has also been given in respect of such liability.
Deposits from shareholders, taken during March 2009 to April 2010, carry interest @ x% p.a. and are repayable after 3 years from
the respective dates of deposit.
Certain items of plant and equipment and vehicles have been obtained on finance lease basis. The legal title to these items vests
with their lessors. The lease term for such plant and machinery ranges between 15-20 years and for vehicles between 7-8 years with
equated quarterly/monthly payments beginning from the month subsequent to the commencement of the lease. The total future
minimum lease payments at the balance sheet date, element of interest included in such payments, and present value of these
minimum lease payments are as follows:
(INR in million)
AS 19.22 (c)
Non-current portion
31 March
31 March
2012
2011
a.
Total future minimum lease payments
b.
Future interest included in (a) above
c.
Present value of future minimum lease payments [(a) (b)]
Current portion
31 March
31 March
2012
2011
The rate of interest implicit in the above is in the range of X% to Y%.

15.
Period and amount of continuing default, if any, as on the balance sheet date in repayment of loans and interest thereon shall be disclosed separately in
each case.
19
[Name]
The maturity profile of finance lease obligations is as follows:
AS 19.22 (c)
(INR in million)
Period
Minimum lease
payments
31 March
2012
31 March
2011
Present value
31 March
2012
31 March
2011
Payable within 1 year

Payable between 1-5 years
Payable later than 5 years
Finance lease obligations are secured against the respective assets taken on lease.
AS 22.30
(INR in million)
7. Deferred tax liabilities (net)

31 March 2012
31 March 2011
Deferred tax liabilities

Excess of depreciation/ amortisation on fixed assets under income-tax law over depreciation/
amortisation provided in accounts
Excess of allowance for lease rentals under income-tax law over depreciation and interest
charged on the leased assets in accounts
Others
Deferred tax assets

Provision for employee benefits
Provision for expenses
Expenditure covered by section 43B of Income-tax Act, 1961
Provision for doubtful trade receivables
Others
Deferred tax liability (net)16
RSVI. BS. 6D
8. Other long-term liabilities
RSVI. BS. 6D(a)
Trade payables
RSVI. BS. 6D(b)
Advance payments from customers

Others
(INR in million)
31 March 2012
16.
31 March 2011
Deferred tax assets and liabilities are not split into current / non-current portions.
20
[Name]
RSVI. GI. BS.6E
&H
9. Provisions
(INR in million)
Long-term
31 March
2012
RSVI. GI. BS.6E

(a) & H(a)
31 March
2011
Short-term
31 March
2012
31 March
2011
Provision for employee benefits

Gratuity (refer note 37)
Post-employment medical benefits (refer note 37)
Termination benefits (refer note 36)
Compensated absences
RSVI. GI. BS.6E

(b) & H(b)
Other provisions
Provision for warranties
Provision for litigations
Provision for environmental costs
Provision for onerous contract
Provision for mark to market loss on derivative contracts
Proposed preference dividends
Tax on proposed preference dividends
Proposed equity dividend
Tax on proposed equity dividend
Provision for current tax (net of advance tax)
Total provisions
AS 29.66
(INR in million)
Additional disclosures relating to certain provisions (as per AS 29)

Warranties
Litigations
Environmental
costs
Onerous contract
2012 / (2011)
2012 / (2011)
2012 / (2011)
2012 / (2011)

Provision made during the year
Provision utilised during the year
Unutilised provision written back during the
year
At the end of the year
AS 29.67
Provision for warranties: A provision is estimated for expected warranty claims in respect of products sold during the year on the
basis of a technical evaluation and past experience regarding failure trends of products and costs of rectification or replacement. It
is expected that most of this cost will be incurred over the next 18 months as per warranty terms.
AS 29.67
Provision for litigations: This represents provisions made for probable liabilities/ claims arising out of pending disputes/litigations
with various regulatory authorities (for example, in respect of excise duty, sales tax and similar matters) and those arising out of
commercial transactions with vendors/others. Above provisions are affected by numerous uncertainties and management has
taken all efforts to make a best estimate. Timing of outflow of resources will depend upon timing of decision of cases.
AS 29.67
Provision for environmental costs: The provision relates mainly to the rehabilitation of the contaminated land and water protection
measures. Most of this cost will be incurred during the years 2016-18.
AS 29.67
Provision for onerous contract: One of factories of the company was located in ZZ industrial area in leased premises which were
taken on operating lease for a period of 25 years in April 1992. In the current year, due to availability of a more suitable location in
YY, this factory has been shifted from ZZ industrial area. The lease agreement for factory premises in ZZ industrial area is noncancellable and does not permit sub-lease. A provision has been recognised for this onerous lease contract.
21
[Name]
RSVI. BS. 6F
(INR in million)
10. Short-term borrowings17

31 March 2012
31 March 2011
Loans repayable on demand

RSVI. BS. 6F(i)
(d) & (ii)
Cash credit and overdraft facilities from banks (secured)

From Z Ltd, a company wholly-owned by Mr. W, whole time director, a related party
(unsecured)
RSVI. BS. 6F(i)

(c) & (ii)
Inter-Corporate Deposits (unsecured)
RSVI. BS. 6F(ii)
Cash credit and overdraft facilities from banks carry interest ranging between 10%-12% p.a., computed on a monthly basis on
the actual amount utilised, and are repayable on demand. These are secured by hypothecation of inventories of raw materials and
finished goods, both present and future.
The loan from Z Ltd, a company wholly-owned by Mr. W, Whole time director, was taken during the financial year 2009-10 and
carries interest @ x % p.a.
The Company has taken Inter-Corporate Deposits from P Ltd, which carry interest @ x % p.a. and are repayable on 1 August 2012.
RSVI. BS. 4 B
(INR in million)
11. Trade payables

31 March 2012
31 March 2011
Trade payables
For dues to micro and small suppliers, refer to note 46
RSVI. GI. BS. 6 G
(INR in million)
12. Other current liabilities

31 March 2012
RSVI. GI. BS. 6

G (a)
Current maturities of long-term debt*
RSVI. GI. BS. 6

G (b)
Current maturities of finance lease obligations*
31 March 2011
Accrued redemption premium on preference shares

RSVI. GI. BS. 6
G (c)
Interest accrued but not due on borrowings
RSVI. GI. BS. 6

G (d)
Interest accrued and due on borrowings
RSVI. GI. BS. 6

G (e)
Income received in advance
RSVI. GI. BS. 6

G (g)
Share application money due for refund

Amount liable to be deposited in Investor Education and Protection Fund but not yet due for
deposit
Unpaid matured debentures
Unpaid matured deposits
Unpaid dividend
Service tax payable
Excise duty payable
TDS payable
Interest-free security deposits from customers
*Total current maturities of long-term borrowings INR XX million (previous year: INR XX million). For details refer Note 6
Share application money due for refund18
During November 2011, the company had received application money for preferential allotment of equity shares to certain parties.
However, due to subsequent decision to make a rights issue, it was decided not to proceed with the preferential allotment,
pursuant to which the application money became due for refund. There is no interest payable on share application money. The
money has been refunded in April 2012.
17.
Period and amount of default, if any, as on the balance sheet in repayment of loans and interest shall be specified separately in each case.
18.
Share application money pending allotment not exceeding the issued capital and to the extent not refundable is required to be disclosed as a separate line
item on the face of Balance Sheet after Shareholders Funds.
22
RS VI. GI .BS. 6I
(INR in million)
13. Tangible fixed assets

Freehold
land
RS VI. GI .BS. 6 I.
(iii)/ AS 10.37 (i)
Leasehold
land
Buildings
Plant and
equipment
Furniture
and fixtures
Vehicles
Office
equipments
Leasehold
improvements
Total
Gross block19
Balance as at 1 April 2010
Additions20
Disposals20
Reclassification to assets held for sale
Other adjustments
AS 16.6 & 16.23
Borrowing costs
AS 11.10,
11.46/46A
Exchange differences
Others21
Balance as at 31 March 2011

Additions20
Disposals20
Other adjustments
AS 16.23
Borrowing cost
AS 11.10,
11.46/46A
Others21
AS 6.28

Depreciation and impairment losses
Depreciation for the year
Impairment loss/ (reversal) during the year
Accumulated depreciation and impairment
losses on disposals
19.
The previous year figures relating to gross block and depreciation and impairment losses can also be presented within parentheses against the relevant current year figures.
20.
If there are any additions on account of business combination, these should be disclosed separately from other additions. Similarly if any disposal have been made through demerger, they may be disclosed separately from
other disposals.
21.
It is advisable to specify the nature of adjustment, if material.
23

Depreciation for the year
Impairment loss / (reversal) during the year
Accumulated depreciation and impairment
losses on disposals
Net block
As At 31 March 2011
As At 31 March 2012
AS 10.37(ii)
Capital work-in-progress
Additions
Assets capitalised during the year
Additions
Assets capitalised during the year
AS 16.23(b)
Apart from borrowing costs capitalised under tangible fixed assets as above, borrowing costs of INR XX million (previous year: INR XX million) have been included in additions to capital work-inprogress.
Total borrowing costs capitalised during the year on all fixed assets are INR XX million (previous year: INR XX million).
Exchange differences included in additions to capital work-in-progress are INR XX million (previous year: INR XX million).
22.
In case there is any impairment loss, it should be disclosed separately.
24
RS VI. GI .BS. 6 I.
(ii) & AS 19.22(a)
The gross and net carrying amount of assets acquired under finance leases and included in above is as follows:
(INR in million)
31 March 2012
Gross block
Accumulated
depreciation/
impairment
31 March 2011
Net block
Gross Block
Accumulated
depreciation/
impairment
Net Block
Vehicles
Plant and equipment
The Company has leased out some of its buildings under operating leases. The net carrying amount of such buildings given on operating leases as at 31 March 2012 is INR XX million,
gross carrying amount INR XX million and accumulated depreciation INR XX million (previous year: net carrying amount: INR XX million, gross carrying amount: INR XX million and
accumulated depreciation: INR XX million). Also refer to note 39 for other details.
AS 10.37(iii)
Gross block includes INR XX million and INR XX million respectively being the amount added on revaluation of land and buildings respectively as at 1 April 2009 on the basis of an
independent expert valuation. The valuation was based on the market values of the properties which considered inter-alia the location, size and condition of the property. The increase due
to revaluation has been recognised in the revaluation reserve. Depreciation on such revalued assets has been based on the revalued amount. To the extent of the additional depreciation
relatable to revaluation increase, an equivalent amount is transferred from the revaluation reserve to the Statement of Profit and Loss.
AS 28.121 &
28.117
The Board of Directors on 30 September 2011 announced a plan to dispose of the Companys office product division. In view of the decision taken for disposal, the Company assessed
the recoverable amount of the office product division pursuant to which the assets of the division were written down to their recoverable amount. The recoverable amount of the division
was estimated with reference to the net selling price as per the contract signed on 17 February 2012 for sale of the division. The carrying amount of the division was determined to be INR
XX million higher than its recoverable amount and therefore an impairment loss to this extent has been recognised. The impairment loss has been allocated pro-rata to the assets of the
division as follows:
(INR in million)
31 March 2012
Original carrying amount
Impairment Loss
31 March 2011
Original carrying amount
Impairment loss
Goodwill (Refer note 36)

Plant and equipment
During the current year, the company acquired land with the intention of constructing a new factory on the site. The cost of land acquisition is INR XX million. The company has
commenced construction of the new factory and cost incurred till date is INR XX million (also refer to note 52).
25
[Name]
RS VI. GI. BS. 6.
J (ii)
14. Intangible fixed assets

(INR in million)
Goodwill
AS 26.90(c)& (d)
Brands/
trademarks
Computer
software
Intellectual
property
rights
Licenses
Total
Gross Block23
Additions
AS 16.23
AS 11.46/46A
Disposals
Other adjustments
Borrowing costs
Others24

Additions
AS 16.23
Disposals
Other adjustments
Borrowing costs
AS 11.46/46A
AS 26.90(c)& (d)
AS 26.90(c)& (d)
Amortisation and impairment

losses
Others24

Amortisation for the year
Impairment loss/ (reversal) during
the year
Accumulated depreciation and
impairment losses on disposals
Amortisation for the year
Impairment loss/ (reversal) during
the year
Accumulated depreciation and
impairment losses on disposals
23. The previous year figures relating to gross block and amortisation and impairment losses can also be presented within parentheses against the relevant
current year figures.

24.
It is advisable to specify the nature of adjustment.
26
[Name]
(INR in million)
Goodwill
AS 26.90(d)
Net Block
At 31 March 2011
At 31 March 2012
RSVI. BS. II. 1(a)

(iv)
Intangible assets under

development
Brands/
trademarks
Computer
software
Intellectual
property
rights
Licenses
Total

Additions
Capitalised during the year
Additions
Capitalised during the year
AS 16.23(b)
Apart from borrowing costs capitalised under intangible fixed assets, borrowing costs of INR XX million (previous year: INR XX million)
have been included in additions under intangible assets under development.
Total borrowing costs capitalised during the year on all fixed assets are INR XX million (previous year: INR XX million)
AS 28.117 &
28.121
During the current year, the Company has written down goodwill by INR XX million (previous year: INR Nil) on an assessment of
recoverable amount of the office product division (refer note 13 relating to tangible fixed assets).
RS VI. GI. I.6.K ,

AS13.27 & 13.35
15. Non-current investments26

(Valued at cost unless stated otherwise)
(INR in million)
31 March 2012
31 March 2011
Trade investments
Trade investments: quoted
RS VI. GI. I.6.K
(i)(b)
Investment in equity instruments

XXXX (previous year: XXXX) equity shares of B Ltd., a subsidiary, of INR XX each, fully paid up
XXXX (previous year: XXXX) equity shares of AA Ltd. of INR XX each, fully paid-up
XXXX (previous year: XXXX) equity shares of RX Ltd., an associate, of INR XX each, fully paid-up
RS VI. GI. I.6.K

(i) (c)
RS VI. GI. I.6.K

(i)(b)
Investment in preference shares

XXXX (previous year: Nil) x% optionally convertible preference shares of K Ltd., of INR XX
each (INR YY paid-up)
Trade investments: unquoted
XXXX (previous year: XXXX) equity shares of AX Pvt. Ltd. of INR XX each, fully paid-up [at cost
less provision for other than temporary diminution of INR XX million (previous year: INR XX
million)]
XXXX (previous year: XXXX) equity shares of P Ltd., a fellow subsidiary, of INR XX each, fully
paid-up
RS VI. GI. I.6.K

(i)(e)
Investment in debentures or bonds

XXXX (previous year: Nil) x% redeemable debentures of S Ltd. of INR XX each, fully paid-up
(also refer to note 18)
25.
In case there is any impairment loss, it should also be disclosed.
26.
Revised Schedule VI inter-alia requires details of investments in controlled special purpose entities. As per the ICAIs Guidance Note on the Revised
Schedule VI, the term controlled special purpose entities is not defined in the revised Schedule or in accounting standards or in the Act. In the absence
of any definition, there can be a challenge in ensuring that a consistent approach is followed by companies in this regard. Accordingly, as per the Guidance
Note, no disclosures would be additionally required to be made in respect of investments in such entities. If and when such terminology is explained/
introduced in the applicable accounting standards, the disclosure requirement would become applicable.
There can be another view that information regarding this category may be given as per the guidance contained in Ind AS 27, Consolidated and Separate
Financial Statements (which has been issued by the ICAI/MCA, though it is yet to be made applicable as an authoritative standard for the relevant class
of companies). In view of ICAIs clear stand on the issue, a company may follow the alternative view only at its own choice. However, if it does so, the
financial statements should describe the criterion/criteria applied by the company for identifying controlled special purpose entities.
27
[Name]
(INR in million)
31 March 2012
RS VI. GI. I.6.K (i)

(a) & (ii)
31 March 2011
Other non-current Investments

Investment property
(at cost less impairment)
RS VI. GI. I.6.K

(i) (c)
Quoted investment in preference shares

XXXX (previous year: XXXX) x% cumulative redeemable preference shares of QQ Ltd. of INR
XX each, fully paid-up
RS VI. GI. I.6.K

(i) (b)

XXXX (previous year: XXXX) equity shares of IC Consultancy Services Ltd., a joint venture, of
INR XX each, fully paid up
Unquoted investments
RS VI. GI. I.6.K

(i) (d)
RS VI. GI. I.6.K
(i) (g)
Government and trust securities

7 year national savings certificates
Investment in partnership firms
Share in YB, a partnership firm
The aggregate book value and market value of quoted non-current investments and book value of unquoted non-current
investments are as follows:
(INR in million)
31 March 2012
RSVI. GI.6K.(iii)
& AS 13.35(e)
31 March 2011
Quoted non-current investments

Aggregate book value
Aggregate market value
Aggregate book value of unquoted non-current investments
AS 13.35 (d)
Investment in shares of AA Ltd. is towards promoters contribution. An undertaking has been given to financial institutions not to
dispose of these shares till the loans granted by them to AA Ltd. are repaid.
RSVI.GI.BS 6K(ii)
Investment property
(INR in million)
31 March 2012
31 March 2011
31 March 2012
31 March 2011
Cost
Less: Impairment
Net book value
RSVI.GI.BS 6K(i)
Investment in YB, partnership firm
Names of partners and share in profits (%)
27
[Name] Ltd.
Mr. N
Mrs. N
Total capital of YB (INR in million)
AS 13.32
Aggregate provision for diminution in value of non-current investments

Aggregate carrying amount of long-term investments within the meaning of Accounting
Standard 13
27.
The accumulated profits of the firm and share of the company therein may also be disclosed at the option of the company.
28
[Name]
RSVI. GI. BS.6L
16. Long-term loans and advances28

(INR in million)
Current portion
Non-current portion
31 March 2012
31 March 2011
31 March 2012
31 March 2011
To parties other than related parties

RS VI. GI. I.6.L (i)
(a) & (ii)
Capital advances
(Unsecured and considered good)

(b) & (ii)
Security deposits
(Unsecured)
Considered good
Considered doubtful
RS VI. GI. I.6.L

(iii)

(d)& (ii)
Less: Provision for doubtful deposits
Other loans and advances

Secured and considered good
Loans to employees
Unsecured and considered good
CENVAT credit receivable
VAT receivable
Service tax credit receivable
Advance tax recoverable (for earlier years)
Other advances

(c) & (ii)
To related parties
Capital advances (unsecured and considered good)
Loans as employees (secured and considered good)
* Amount disclosed under Short-term loans and advances

Total long-term capital advances and total long-term loans to employees (given to related as well as other parties) are INR XX million
and INR XX million respectively (previous year: INR XX million and INR XX million respectively)
Other advances under loans and advances to parties other than related parties include INR XXX million (previous year: INR XXX
million) due from non- executive directors or other officers, or any of them, either severally or jointly with any other person or from
firms or private companies in which any director is a partner or a director or member.
RSVI. GI. BS.6L

(iv)
Further details of the loans and advances to related parties are as follows:
(INR in million)
Non-current portion
31 March 2012
31 March 2011
Current portion
31 March 2012
31 March 2011
Capital advances
To Z Ltd., a company in which Mr. W, Whole-time
director, is principal shareholder
Loans as employees
Housing loan to Mr. M, Managing Director
Housing loan to Mr. W, Whole-time director
28.
It may be clarified that it is not necessary that each item mentioned herein would have both non-current and current portions. For example, capital
advances would be classified as non-current in their entirety.
29
[Name]
RSVI. GI. BS.6M
17. Other non-current assets

(Unsecured, considered good unless otherwise stated)
31 March 2012
RSVI. GI.BS.6M(i)
RSVI. GI. BS. 6M
(iii) (i)
RSVI. GI. BS. 6M
(iii) (ii)
RSVI. GI. BS.6Q
(v)
(INR in million)
31 March 2011
Long-term trade receivables

Unsecured, considered good
Considered doubtful
Less: Provision for doubtful receivables
Bank deposits (due to mature after 12 months from the reporting date) (refer note 21)
Interest accrued on investments
Interest accrued on fixed deposits
Unamortised discount on bonds
Unamortised ancillary borrowing costs
Unamortised initial direct costs of operating leases
Forward contract receivable
RSVI.BS.6 Q(iii)
RSVI. GI. BS. 6M

(iii)
RS VI. GI. I.6.N/AS

13.27 & 13.35
Bank deposits include INR XX million (previous year: INR XX million) being fixed deposit placed as security with Municipal
Corporation.
Trade receivables (unsecured, considered good) include INR XXX million (previous year: INR XXX million) due from directors or other
officers, or any of them, either severally or jointly with any other person or from firms or private companies in which any director is a
partner or a director or member.
(INR in million)
18. Current investments

Current portion of long-term investments
RS VI. GI. I.6.N(i)(d)
Investments in debentures or bonds - unquoted
RS VI. GI. I.6.N(i)(a)
XXXXX (previous year: Nil) x% redeemable debentures of S Ltd. of INR XX each, fully paid-up*
Current investments within the meaning of AS 13
(valued at lower of cost and fair value)
Investment in equity instruments - quoted
31 March 2012
31 March 2011
XXXXX (previous year: XXXXX) equity shares of MM Ltd. of INR XX each, fully paid-up
RS VI. GI. I.6.N(i)(b)
RS VI. GI. I.6.N(i)(e)
Investment in preference shares - quoted

XXXXX (previous year: XXXXX ) x% redeemable preference shares of NN Ltd. of INR XX each,
fully paid-up
Investments in mutual funds - quoted
XXXXX (previous year: Nil) units of AXP Mutual Fund, fully paid-up
XXXXX (previous year: Nil) units of AP Mutual Fund, fully paid-up
* The debentures in S Ltd are long-term investments as per AS 13, Accounting for Investments. These are partly redeemable in
September 2012 with the balance being redeemable in September 2013. To the extent of debentures redeemable within 12 months
of the reporting date, the amount has been presented as part of current investments as per the requirements of revised Schedule VI.
The balance amount has been presented as non-current (refer note 15). The total carrying amount of debentures in S Ltd (presented
as current and non-current) is INR XXX million (previous year: INR XX million). The application of the principles of AS 13 for long-term
investments has resulted in the debentures in S Ltd (both current and non-current portions) being measured at cost. 29
The definition of current (and consequently non-current) investment as per the revised Schedule does not exactly correspond to AS 13, Accounting for
investments. The current/non-current distinction in the revised Schedule is required to be followed in the presentation of investments also. However
for measurement, the classification of investments as per AS 13 should be followed. In our view, the following may represent a harmonious manner of
applying both AS 13 and requirements of revised Schedule VI:
a. Generally, an investment that qualifies as a current investment under AS 13 would also fall under the current category under the revised schedule
and should therefore be so classified.
b. Investments that qualify as long-term investments under AS 13 may be bifurcated into current and non-current categories of the revised Schedule
as follows:
I. those which are expected to be realised within twelve months after the reporting date may be presented in the current category as current
portion of long-term investments with relevant sub-heads.
II. other long-term investments may be presented under non-current category.
.
The amount disclosed as comparatives should be determined be applying the current/non-current distinction as at the end of the previous year.
29.
30
[Name]
(INR in million)
31 March 2012
RSVI. GI. BS. 6N
(ii)(b) & (c)/ AS
13.35(e)
31 March 2011
Quoted current investments

Aggregate book value of unquoted current investments
Aggregate write-down due to valuation of current investments at fair value
Quoted investments (both current and non-current)
Aggregate book value of unquoted investments (both current and non-current)
RSVI.GI. BS. 6O /
AS 2.5 & 2.26 (b)
(INR in million)
19. Inventories
(Valued at the lower of cost and net realisable value)
31 March 2012
31 March 2011
Raw materials (including goods-in-transit INR XX million (previous year: INR XX million))
Work-in-progress
Finished goods
Stock-in-trade
Stores and spares
Loose tools
In the year ended 31 March 2012, the write-down of inventories to net realisable value amounted to INR XX million (previous year:
INR XX million).
RSVI. GI. BS. 6P
20. Trade receivables
RSVI. GI. BS. 6P(i)

& (ii)
Receivables outstanding for a period exceeding six months from the date they became due for
payment
(INR in million)
31 March 2012
31 March 2011
(a) Secured, considered good

(b) Unsecured, considered good
(c) Doubtful
(A)
RSVI. GI. BS. 6P (ii)
Other receivables
(a) Secured, considered good
(b) Unsecured, considered good
RSVI. GI. BS. 6P (iii)
(c) Doubtful
(B)
(A) + (B)
RSVI. GI. BS. 6P (iv)
Trade receivables (unsecured, considered good) include INR XXX million (previous year: INR XXX million) due from directors or other
officers, or any of them, either severally or jointly with any other person or from firms or private companies in which any director is a
partner or a director or member.
31
[Name]
RSVI.GI. BS.6Q
21. Cash and bank balances

31 March 2012
AS 3.6
Cash and cash equivalents30
RSVI.GI.
BS.6Q(i)(c)
Cash on hand
RSVI.GI.
BS.6Q(i)(b)
Cheques, drafts on hand
RSVI.GI.
BS.6Q(i)(a)
Balances with banks
(INR in million)
31 March 2011
On current accounts
On deposit accounts (with original maturity of 3 months or less)
GN.RSVI 6.4
Other bank balances
RSVI.BS.6 Q(iv)
Current account balances with banks include INR XX million (previous year: INR XX million) held at a foreign branch which are not
freely remissible to the company because of exchange restrictions.
Details of bank balances/deposits
(INR in million)
31 March 2012
31 March 2011
Bank balances available on demand/deposits with original maturity of 3 months or less

included under Cash and cash equivalents
Bank deposits due to mature within 12 months of the reporting date included under Other
bank balances
Bank deposits due to mature after 12 months of the reporting date included under Other noncurrent assets (refer note 17)
RSVI. GI. 6R
(INR in million)
22. Short-term loans and advances

(unsecured, considered good)
31 March 2012
RSVI. GN. 8.8
31 March 2011
Current portion of long-term loans and advances (refer note 16 )

To related parties
Other short-term loans and advances
RSVI. GI. I.6. R (i)

(b) & (ii)

Short-term loans to employees
Advances for supply of goods
Advances to employees
RSVI. GI. I.6. R (i)

(a) & (ii)
To related parties
Short-term loan to subsidiary B Ltd.
Total short-term loans (given to related as well as other parties) are INR XX million (previous year: INR XX million)
Advances for supply of goods include INR XXX million (previous year: INR XXX million) given to non-executive directors or other
officers, or any of them, either severally or jointly with any other person or from firms or private companies (not being a related party
as per AS 18) in which any director is a partner or a director or member.
30.
Cash and cash equivalents are determined in accordance with AS 3, Cash flow statements
32
[Name]
RSVI. GI. BS. 6S
(INR in million)
23. Other current assets

(Unsecured, considered good unless otherwise stated)
31 March 2012
31 March 2011
Dividend on investments
Interest accrued on investments
Interest accrued on fixed deposits
Forward contract receivable
Insurance claim receivable
Fixed assets reclassified as held for sale (refer note 13)
RSVI. PL.2A
24. Revenue from operations

(INR in million)
31 March 2012
31 March 2011
31 March 2012
31 March 2011
31 March 2012
31 March 2011
Sale of products
Finished goods
Traded goods
Sale of products (gross)
AS 9.10
Less: Excise duty

Sale of products (net)
Sale of services
Other operating revenue
Scrap sales
Bad debts recovered
RSVI. GI. PL.

5(ii)(d)
Break-up of revenue from sale of products

(INR in million)
Manufactured goods
Finished goods A
Finished goods B
Others
Traded goods
Traded item A
Traded item B
Others
RSVI. GI. PL.

5(ii)(d)
Break-up of revenue from services rendered

(INR in million)
Service A
Service B
Others
33
[Name]
RSVI.GI. PL. 4
25. Other income

31 March 2012
AS 13.35(c)(i)
AS 13.35(c)(i)
(INR in million)
31 March 2011
Interest income on
Current investments 31
Long-term investments
Others
RSVI. PL. 4(b)

AS 13.35 (c)(i)
Dividend income from

Current investments
AS 13.35 (c)(i)
Long-term investments (including interim dividend from subsidiary INR XX million; previous
year: INR XX million)
GN RSVI 9.1.9
Net gain on account of foreign exchange fluctuations 32
GN RSVI 9.3.3
Share in profit of partnership firm (refer to note 15)

Rental income from property leases (refer note 13)
RSVI. PL. 4(d)
RSVI. PL. IV
Insurance claims
Other non-operating income (net of directly attributable expenses INR XX million (previous year
: INR XX million))
(INR in million)
26. Cost of materials consumed 33, 34

31 March 2012
31 March 2011
31 March 2012
31 March 2011
31 March 2012
31 March 2011
Inventory of materials at the beginning of the year

Purchases
Inventory of materials at the end of the year
RSVI. GN. 10.7

(b) (iii)
Break-up of cost of materials consumed 33

(INR in million)
Raw material A
Raw material B
Others
RSVI. PL. 5(ii)(d)
Break-up of inventory- materials

(INR in million)
Raw material A
Raw material B
Others
31.
The definition of current (and consequently non-current) investment as per the revised Schedule does not exactly correspond to AS 13, Accounting for
Investments. The aggregate amount of current investments and of long-term investments within the meaning of AS 13 is disclosed in note 18 and 15
respectively. Since the requirement to present income from investments separately for current and long-term investments is arising from AS 13, this
break-up should be based on the definitions as per AS 13.
32.
If it is feasible to segregate the part of net foreign exchange gain relating to trade receivables/trade payables, it could be shown under other operating
revenues since trade receivables/ payables arise from operating activities. However, gains arising in respect of activities which are not related to the
companys principal revenue producing activities, should be classified as other income. Where it is not feasible to segregate the fluctuations on various
items, the entire gain may be classified as other income.
33.
Broad heads shall be decided taking into account the concept of materiality and presentation of true and fair view of financial statements.
34.
Whether packing material constitute raw material or not should be decided having regard to the facts and circumstances of each case by considering the
nature of packing materials, their relative value in comparison to the raw material consumed, and other similar considerations.
34
[Name]
RSVI. PL. 5(ii)(d)
(INR in million)
27. Break-up of purchase of stock-in-trade33

31 March 2012
31 March 2011
Traded item A
Traded item B
Others
RSVI. PL. IV
28. Changes in inventory of finished goods, work-in progress and stock in trade33
(INR in million)
31 March 2012
GN RSVI 10.7(b)
(iii)
Particulars
Opening
inventory
Closing
inventory
31 March 2011
Increase/
(Decrease) in
inventory
Opening
inventory
Closing
inventory
Increase/
(Decrease) in
inventory
Manufactured goods 33
Finished goods A
Finished goods B
Others
Traded goods33
Traded item A
Traded item B
Others
Work-in-progress33
Goods A WIP
Goods B WIP
Others
Total
RSVI. GI. PL 5(i)(a)
(INR in million)
29. Employee benefits

31 March 2012
31 March 2011
Salaries, wages and bonus

Contribution to provident and other funds
Employee stock compensation expense
Compensated absences
Staff welfare expenses
Other employee benefits
(INR in million)
30. Finance costs

31 March 2012
RSVI.GI. PL. 3(a)
Interest expense35
AS 16.4(b)
AS 16.4(c)
Amortisation of discount on bonds

Amortisation of ancillary costs relating to borrowings
RSVI. PL. 3(c)/

AS 16.4(e)
Net loss on foreign currency transactions and translation to the extent regarded as borrowing
costs
31 March 2011
33.
Broad heads shall be decided taking into account the concept of materiality and presentation of true and fair view of financial statements.
35.
As per para 9.5.5.(A) of the GN on RSVI, finance charges on finance leases are in the nature of interest expense and hence should also be classified under
interest expense.
35
[Name]
RSVI.GI. PL. 5(i)(b)
AS 6.28(ii)
31 March 2012
(INR in million)
31 March 2011
31 March 2012
(INR in million)
31 March 2011
31. Depreciation and amortisation

Depreciation of tangible fixed assets
Less: Depreciation on revaluation increase transferred from revaluation reserve
Amortisation of intangible fixed assets
RSVI. GI. PL 5 (vi)
32. Other expenses

Consumption of stores and spare parts
Excise duty related to increase/ decrease in inventory of finished goods
Power and fuel
Freight, clearing and forwarding
Rent
Repairs
Building
Machinery
Others
Insurance
Rates and taxes (refer note 34)
Travelling expenses
Legal and professional fees
Payment to auditors (Refer note below)
Brokerage and commission
Advertising and sales promotion
Bank charges
Telephone and other communication expenses
Printing and stationery
Warranty costs
Litigation costs
Environmental costs
Loss on onerous contract
Provision for doubtful trade receivables
Provision for doubtful loans and advances
Bad debts written off
Net loss on sale/ retirement of fixed assets
Net loss on sale of investments
AS 28.117(a)
Impairment loss on fixed assets (Refer note 36)

Provision for other than temporary diminution in long-term investments36
Mark to market loss on derivative contracts
Amortisation of premium on forward exchange contracts
Miscellaneous expenses37
36.
Reference to long-term investments in this regard should be understood as per the definition in AS 13.
37.
Any item of expenditure which exceeds one percent of the revenue from operations or INR 0.10 million whichever is higher should be shown as a separate
& distinct item and should not be included under miscellaneous expenses
36
[Name]
RSVI. GI. PL 5(i)(j)
Note: Payments to auditors

31 March 2012
(INR in million)
31 March 2011
As auditor
Statutory audit
Tax audit
Limited review of quarterly results
In other capacity
Taxation matters
Company law matters
Management services
Other services (specify nature)
Reimbursement of expenses
RSVI. GI. PL. 5 (i)

(k)/ AS 5.12
(INR in million)
33. Exceptional items

31 March 2012
31 March 2011
Settlement fee
During the current year, pursuant to an investigation regarding the practices followed by the company with respect to applicable
environmental laws, notice was received from the State Pollution Control Board regarding certain alleged non-compliances. While
the company has taken systematic steps to ensure compliance of its manufacturing practices with the environmental laws, it
has agreed to pay an amount of INR XX million for a comprehensive settlement of any civil and criminal liability that may arise in
connection with the investigation.
AS 5.15
(INR in million)
34. Prior period item

31 March 2012
31 March 2011
Provision for rates and taxes not made in the previous year
37
[Name]
AS 20.8, 20.9,
20.44 & 48 (ii)
35. Earnings per share (EPS)

Basic earnings per share
The calculation of basic earnings per share for the year ended 31 March 2012 was based on the profit attributable to equity
shareholders of INR XX million (previous year: INR XX million), and weighted average number of equity shares outstanding of INR
XX (previous year: INR XX)
Diluted earnings per share38
The calculation of diluted earnings per share for the year ended 31 March 2012 was based on profit attributable to equity
shareholders of INR XX million (previous year: INR XX million), and weighted average number of equity shares outstanding after
adjustment for the effects of all dilutive potential equity shares39 of INR XX (previous year: INR XX)
Earnings
(INR in million)
31 March 2012
Total
Continuing
operations
31 March 2011
Total
Continuing
operations
Profit after tax as reported

Less: Dividends on preference shares and tax thereon
Net profit attributable to equity shareholders for
calculation of basic EPS
Add: Dividend on non-cumulative compulsorily
convertible preference shares
Net profit adjusted for the effects of dilutive potential
equity shares for calculation of diluted EPS
Shares
(Nos. in million)
31 March 2012
Continuing
Total
operations
31 March 2011
Continuing
Total
operations
Weighted average number of equity shares

outstanding during the period for calculation of basic
EPS
Effect of dilutive potential equity shares*
Compulsorily convertible non-cumulative
preference shares
Partly paid up shares
Employee stock options
Weighted average number of equity shares for
calculation of diluted EPS
* As at 31 March 2011, the outstanding potential equity shares had an anti-dilutive effect on EPS. Hence there was no dilution of EPS
for that year.
The average fair value of the companys shares for purposes of calculating the dilutive effect of stock options was based on quoted
market prices for the period during which the options were outstanding.40
38.
The reconciliation between earnings (and shares) for basic and diluted EPS is not required if basic and diluted earnings per share are equal. However, if
potential equity shares exists but the basic and diluted EPS are same because the potential equity shares are anti-dilutive, then this fact needs to be
suitably disclosed.
39.
Contracts generating potential equity shares may incorporate terms and conditions which affect the measurement of basic and diluted earnings per share.
Disclosure of the terms and conditions of such contracts is encouraged by the Standard (AS 20.49).
40.
The disclosure regarding the basis of determination of average fair value is encouraged but is not mandatory.
38
[Name]
36. Discontinuing operation
AS 24.20(a),
(b),(c)and (d)
On 30 September 2011, the Board of Directors announced a plan to dispose of the companys office product division, which
represents a separate business segment as per AS 17, Segment Reporting. The disposal is consistent with the Companys long-term
strategy to focus its activities in the areas of paper products and publishing. On 17 February 2012, the company signed a contract
to sell the office product division to an independent third party for INR XX million. Consequently, office product division assets have
been written down by INR XX million (previous year: Nil) before income tax saving of INR XX million (previous year: Nil) to reflect
their recoverable amount.
The Company has recognised provision of INR XX million (previous year: Nil) before income tax saving of INR XX million (previous
year: INR XX million) in respect of termination benefits to be paid by 30 April 2012 to certain employees of the office product division
who have accepted the retirement scheme announced by the Company in this regard. The process of selling the office product
division is likely to be completed by 31 July 2012.
AS 24.20(e)
The carrying amounts of the assets and liabilities of office product division to be disposed of/ settled are as follows:
31 March 2012
(INR in million)
31 March 2011
Total assets
Total liabilities
Net assets
AS 24.20(f)
The following statement shows the break-up of aggregate amounts in respect of revenue and expenses as reported in the
Statement of Profit and Loss between continuing and discontinuing operations:
(INR in million)
Continuing operations
31 March
2012
31 March
2011
Discontinuing operations
31 March
2012
31 March
2011
Total
31 March
2012
31 March
2011
Revenue
Expenses other than impairment
loss, employee termination benefits
and finance costs
Impairment loss
Employee termination benefits
Finance cost
Profit (loss) before exceptional item
and tax
Exceptional item
Profit (loss) before tax
Income tax expense
Profit (loss) after tax
AS 24.20(h)
The net cash flows attributable to the office product division are as follows:
31 March 2012
31 March 2011
Net cash inflow/(outflow) from operating activities

Net cash inflow/(outflow) from investing activities
Net cash inflow/(outflow) from financing activities
Net cash inflows/(outflows) for the year attributable to office
product division
39
[Name]
37. Employee benefits: Post-employment benefit plans
AS 15.47&120
Defined contribution plans
AS 15.120 (b)
The Company makes contributions, determined as a specified percentage of employee salaries, in respect of qualifying employees
towards Provident Fund, which is a defined contribution plan. The company has no obligations other than to make the specified
contributions. The contributions are charged to the Statement of Profit and Loss as they accrue. The amount recognised as an
expense towards contribution to Provident Fund for the year aggregated to INR XX million (previous year : INR XX million)
Defined benefit plans
The Company operates two post-employment defined benefit plans that provide gratuity and medical benefit. The gratuity plan
entitles an employee, who has rendered atleast five years of continuous service, to receive one-half months salary for each year of
completed service at the time of retirement/exit. The medical plan entitles the retired employees to reimbursement of medical cost.
Both the Schemes are funded by the plan assets.
The following table summarises the position of assets and obligations relating to the two plans.
(INR in million)
Gratuity
31 March 2012
AS 15.120(d)
Fair value of plan assets
AS 15.120(d), (f)
Present value of obligations

Asset/(Liability) recognised in balance sheet
AS 15.120 (f)
31 March 2011
Post-employment medical benefit

31 March 2012
31 March 2011
Classification into current / non-current

The asset/(liability) in respect of each of the two plans comprises of the following non-current and current portions:
(INR in million)
Non-Current
31 March 2012
GN RSVI 7.3
31 March 2011
Current
31 March 2012
31 March 2011
Gratuity
GN RSVI 7.3
GN RSVI 7.3
Total
AS 15.120 (h)
Composition of plan assets

(INR in million)
Gratuity
31 March 2012
31 March 2011

31 March 2012
31 March 2011
Government bonds
Qualifying insurance policies
AS 15.120 (c)
Movement in present values of defined benefit obligations

Gratuity
31 March 2012
31 March 2011
(INR in million)
31 March 2012
31 March 2011
Defined benefit obligation at 1 April

Current service cost
Interest cost
Curtailment loss
Actuarial (gains) / losses
Effect of movement in exchange rates
Benefits paid by the plan
Defined benefit obligation at 31 March
40
[Name]
AS 15.120 (e)
Movement in fair value of plan assets

Gratuity
31 March 2012
31 March 2011
(INR in million)
31 March 2012
31 March 2011
Fair value of plan assets at 1 April

Contributions paid into the plan
Benefits paid by the plan
Expected return on plan assets
Actuarial (losses) / gains
Fair value of plan assets at 31 March
AS 15.120 (g)
Expense recognised in Statement of Profit and Loss

Gratuity
31 March 2012
31 March 2011
(INR in million)
31 March 2012
31 March 2011
31 March 2012
(INR in million)
31 March 2011
Current service cost

Interest on obligation
Curtailment loss
Net actuarial (gain)/ loss recognised in the year
Total included in employee benefits
AS 15.120 (k) &

illustration 1
Actual return on plan assets

Actuarial gain/(loss) on plan assets
Actual return on plan assets
AS 15.120 (l)
Principal actuarial assumptions

The following are the principal actuarial assumptions at the reporting date (expressed as weighted averages):
(INR in million)
31 March 2012
31 March 2011
Discount rate as at 31 March

Expected return on plan assets as at 1 April
Future salary increases
Medical cost trend rate
AS 15.120 (l)
The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other
relevant factors, such as supply and demand in the employment market.
Assumptions regarding future mortality are based on published statistics and mortality tables. The calculation of the defined benefit
obligation is sensitive to the mortality assumptions41.
41.
In addition disclosures similar to the following may be made at the option of the Company:
Current longevities underlying the values of the liabilities are as follows:
As the actuarial estimates of mortality continue to be refined, an increase of one month in the lives shown above is considered reasonably possible in the
next financial year. The effect of this change would be an increase of INR XX million in the employee benefit obligation.
41
[Name]
AS 15.120 (j)
AS 15.120 (m)
The overall expected long-term rate of return on assets is xx%. The expected long-term rate of return is based on the portfolio as a
whole and not on the sum of the returns on individual asset categories. The return is based exclusively on historical returns, without
adjustments.
Assumed medical cost trend rates have a significant effect on the amounts recognised in profit or loss. A one percentage point
change in assumed medical cost trend rates would have the following effects:
Current year
One percentage
point increase
Previous year
One percentage
point decrease
One percentage
point increase
One percentage
point decrease
Effect on the aggregate current

service and interest cost
Effect on defined benefit obligation
AS 15.120 (n)
Five-year information
Amounts for the current and previous four periods are as follows:
31 March
2012
31 March
2011
31 March
2010
31 March
2009
31 March
2008
Gratuity
Defined benefit obligation
(Surplus) / deficit in the plan
Experience adjustments arising on
plan liabilities
plan assets
Defined benefit obligation
(Surplus)/ deficit in the plan
plan assets
plan liabilities
AS 15.120 (o)
The Company expects INR XX million and INR XX million, respectively, in contribution to be paid to its two defined benefit plans in
the next year (previous year : INR XX million and INR XX million respectively)
42
[Name]
38. Employee share-based payment plans
GN.SBP.49
Description of share-based payment arrangements

As at 31 March 2012, the company has the following two share-based payment arrangements for employees.
GN.SBP.50(a)
2010 Employee Stock Option Scheme (the 2010 plan)

The 2010 plan was approved by the Board of Directors in March 2010 and by the shareholders on 1 April 2010. The plan entitles
key management personnel and senior employees to purchase shares in the Company at the stipulated exercise price, subject to
compliance with vesting conditions; all exercised options shall be settled by physical delivery of shares. As per the plan, holders
of vested options are entitled to purchase one equity share for every option at an exercise price of INR XX which is _% below the
market price at the date of grant, i.e. 1 April 2010.
The terms and conditions related to the grant of the share options are as follows:
Employees entitled
Number of options
(in thousands)
Vesting conditions
Key managerial personnel
__ years service from the grant

date and __% increase in
operating income in each of the
__ years
Senior employees
__ years service from the grant

date.
Contractual life of
options
__ years
__ years
Total share options

GN.SBP.50(a)
2011 Employee Stock Option Scheme (the 2011 plan)

On 1 April 2011 the Company offered x (number) of its employees (other than those covered by 2010 plan) the opportunity to
participate in an employee share purchase plan. To participate in the plan, the employees must save an amount of x% of their
gross monthly salary, up to a maximum of INR __ per month, for a period of __ months. Under the terms of the plan, at the end of
the _month period the employees are entitled to purchase shares using funds saved at a price of INR XX which is _% below the
market price at the grant date. Only employees that remain in service and save the required amount of their gross monthly salary
for __ consecutive months will become entitled to purchase the shares. Employees who quit the employment, or do not save
the required amount of their gross monthly salary in any month before the __-month period expires, or elect not to exercise their
options to purchase shares, e.g. because the share price is below the exercise price, will be refunded their saved amounts. An
employee will need to exercise the option to purchase shares within 12 months from the expiry of the _ month period referred to
above. A maximum of ___ (number) shares are issuable under the plan.
GN.SBP.52(a)
Share-based payment expense
Year ended
31 March 2012
Year ended
31 March 2011
2010 Plan
2011 Plan
Total expense recognised in employee benefits
43
[Name]
GN.SBP.50(b)
Reconciliation of outstanding share options

The number and weighted average exercise prices of share options under employee stock option plans are as follows.
Particulars
31 March 2012
No. of options
Weighted
average
exercise price
31 March 2011
No. of options
Weighted
average
exercise price
2010 Plan
Outstanding at 1 April
Granted during the year
Forfeited during the year
Exercised during the year
Expired during the year
Outstanding at 31 March
Exercisable at 31 March
2011 Plan
Outstanding at 1 April
Granted during the year
Forfeited during the year
Exercised during the year
Expired during the year
Outstanding at 31 March
Exercisable at 31 March
GN.SBP.50(d)
The options outstanding at 31 March have an exercise price and a weighted average contractual life as given below:
31 March 2012
No. of
outstanding
share options
Range of
exercise price
31 March 2011
Weighted
average
remaining life
No. of
outstanding
share options
Range of
exercise price
Weighted
average
remaining life
2011 Plan
GN.SBP.50(c)
GN.SBP.48
2010 Plan
The weighted average share price at the date of exercise of share options exercised in 2011-12 was ____ (Previous year: ___).
As permitted by the SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 (SEBI
guidelines) as well as by the guidance note on the subject issued by the Institute of Chartered Accounts of India, the Company has
elected to account for stock options based on their intrinsic value (i.e. the excess of quoted market price of the underlying share
over the exercise price) at the grant date rather than their fair value at that date. Had the compensation cost for employee stock
options been determined on the basis of the fair value approach as described in the SEBI guidelines (and ICAI guidance note), the
Companys net profit after tax and basic and diluted earnings per share would have been as per the proforma amounts shown below
Particulars
(INR million, except per share data)

31 March 2012 31 March 2011
Net profit after tax as reported

Add: Employee stock option compensation expense as per intrinsic value method
Less: Employee stock option compensation expense as per fair value
Adjusted proforma net profit after tax
Basic Earnings per share as reported
Basic Earnings per share proforma
Diluted Earnings per share as reported
Diluted Earnings per share proforma
44
[Name]
For purposes of the above proforma disclosures, the estimated grant-date fair value of stock options granted under the 2010
Plan is INR XX and under the 2011 Plan is INR XX. The fair values are measured based on the Black-Scholes-Merton formula.
Expected volatility, an input in this formula, is estimated by considering historic average share price volatility. The inputs used in the
measurement of grant-date fair values are as follows:
2011 Plan
2010 Plan
Share price at grant date

Exercise price
Expected volatility (weighted average)
Expected life (weighted average)
Expected dividends
Risk-free interest rate (based on government bonds)
The requirement that the employee has to save a specified amount in order to purchase shares under the share purchase plan is
a non-vesting condition. This feature has been incorporated into the grant-date fair value by applying a discount to the valuation
obtained. The discount has been determined by estimating the probability (based on historic behaviour) that the employee will stop
saving.
As at 31 March 2012, total amount of INR XX million was saved by the participants under the 2011 Plan and is included
in Other long-term liabilities (under Others).
39. Leases
AS 19.25
Operating leases as lessee

The Company has taken a number of warehouse and factory facilities under operating leases. The warehouse leases typically run
for a period of 10 years, while the factory premises are leased for around 20-25 years, with an option to renew the lease after this
period. Lease payments are increased every five years to reflect market rentals. Some leases provide for additional rent payments
(contingent rent) that are based on changes in wholesale price index. In case of factory facilities under operating leases, sub-letting
is not permitted.
Non-cancellable operating lease rentals payable (minimum lease payments) under these leases are as follows.
31 March 2012
(INR in million)
31 March 2011
Payable within one year

Payable between one and five years
Payable after five years
Total
One of the leased properties (warehouse) has been sublet by the Company. The lease and sublease expire in 2014. Sublease
payments to be received during the remaining tenure of the sub-lease are INR XX million (previous year: INR XX million)
During the year an amount of INR XX million was recognised as an expense in the Statement of Profit and Loss in respect of
operating leases (previous year: INR XX million). Contingent rent recognised as an expense amounted to INR XX million (previous
year: INR XX million). An amount of INR XX million was recognised under other income in respect of sublease (previous year: INR
XX million).
AS 19.46
Operating leases as lessor

The Company has leased out some of its buildings. The lease term is in the range of 5-6 years. There is no escalation or renewal
clause in the lease agreements and sub-letting is not permitted. The carrying amounts of buildings given on operating leases and
depreciation thereon for the period are:
(INR in million)
Gross carrying amount
31 March 2012
31 March 2011
Accumulated depreciation
Net carrying amount
Depreciation for the period
45
[Name]
The future minimum lease payments under non-cancellable operating leases are as follows:
(INR in million)
31 March 2012
31 March 2011
Receivable within one year

Receivable between one and five years
Receivable after five years
Total
During the year, an amount of INR XX million was recognised as rental income in the Statement of Profit and Loss (previous year:
INR XX million).
Finance leases
For details of finance leases, refer notes 6 and 13.
40. Joint ventures

AS 27.52
The company holds no interest in a jointly-controlled asset or operation. However, it holds interests in jointly controlled entities as
follows:
Name of the company
Shareholding
Incorporated in
PX Private Limited
xx%
India
IC Consultancy Services Ltd.
xx%
India
The companys share in the aggregate amounts of assets, liabilities, income and expenses of the above jointly controlled entities (as
per the respective audited/unaudited financial statements as available with the company) is as under:
(INR in million)
31 March 2012
31 March 2011
Non-current assets
Current assets
Non-current liabilities
Current liabilities
Revenue
Expenses (including income tax expense)
Contingent liabilities
Capital commitments
Other commitments42
42.
AS 27 requires disclosure of capital commitments only. However, since revised Schedule VI requires disclosure of other commitments also, it is advisable
to disclose other commitments in relation to joint ventures.
46
41. Segment information

AS 17.40 & 17.46
A. Information about business segments
(INR in million)
Continuing operations
Discontinuing operations
Eliminations
Paper products
31 March
2012
31 March
2011
Publishing
31 March
2012
31 March
2011
Other operations
31 March
2012
31 March
2011
Total
Office products
31 March
2012
31 March
2011
31 March
2012
31 March
2011
31 March
2012
31 March
2011
REVENUE
External sales and service
income
Inter-segment sales
Total revenue
RESULT
Segment result
Unallocated corporate
expenses (including
exceptional item)
Operating profit
Interest expense
Interest and dividend
income
Profit before tax
Income tax
Profit after tax
OTHER INFORMATION
Segment assets
assets
Total assets
Segment liabilities
liabilities
Total liabilities
Capital expenditure during
the year
Depreciation
Non-cash expenses other
than depreciation
AS 17.48
Business Segments: For management purposes, the company is organised on a worldwide basis into three major operating divisions - paper products, office products and publishing - each
headed by a senior vice president. The divisions are the basis on which the company reports its primary segment information. The paper products segment produces a broad range of
writing and publishing papers and newsprint. The office products segment manufactures binders, staplers, pens, markers and labels and also distributes office products made by others. The
publishing segment develops and sells books in the fields of taxation, law and accounting. Other operations include development of computer software for standard as well as specialised
business applications.
In September 2011, the board of directors announced a plan to dispose of the office product division in pursuit of its long-term strategy to focus on paper products and publishing (refer Note
36 for details). Hence, office products segment is shown under discontinuing operation.
47
AS 17.48
AS 17.48
Geographical segments: Although the companys major operating divisions are managed on a worldwide basis, they operate in four principal geographical areas of the world. In India, its
home country, the company produces and sells a broad range of paper and office products. Additionally, all of the companys publishing and computer software development operations
are conducted in India. In the European Union, the company operates paper and office products manufacturing facilities and sales offices in the following countries: France, Belgium,
Germany and the U.K. Operations in Canada and the United States are essentially similar and consist of manufacturing papers and newsprint that are sold entirely within those two countries.
Operations in Indonesia include the production of paper pulp and the manufacture of writing and publishing papers and office products, almost all of which is sold outside Indonesia, both to
other segments of the company and to external customers.
Sales by market: The following table shows the distribution of the companys sales and service income by geographical market, regardless of where the goods were produced:
Sales Revenue by geographical market
(INR in million)
31 March 2012
31 March 2011
India
European Union
Canada and United States
Mexico and South America
Southeast Asia (principally Japan and Taiwan)
Assets and additions to tangible and intangible fixed assets by geographical area: The following table shows the carrying amount of segment assets and capital expenditure during the year by
geographical area in which the assets are located:
Carrying amount of
segment assets
31 March 2012
31 March 2011
(INR in million)
Capital expenditure
during the year
31 March 2012
31 March 2011
India
European Union
Canada and United States
Indonesia
Accounting policies: Segment information is prepared in conformity with the accounting policies adopted for preparing and presenting the financial statements of the Company as a whole.
AS 17.36
Segment assets and liabilities: Segment assets include all operating assets used by a segment and consist principally of operating cash, trade receivables, inventories and fixed assets, net of
allowances and provisions which are reported as direct offsets in the balance sheet. While most such assets can be directly attributed to individual segments, the carrying amount of certain
assets used jointly by two or more segments is allocated to the segments on a reasonable basis. Segment liabilities include all operating liabilities and consist principally of trade payables and
accrued liabilities. Segment assets and liabilities do not include those relating to income taxes.
Segment revenue: Segment revenue comprises the portion of companys revenue that is directly attributable to a segment or that can be allocated on a reasonable basis to a segment, and intersegment transfers.
AS 17.53
Segment expense: Segment expense comprises the expense resulting from the operating activities of a segment that is directly attributable to the segment or that can be allocated on a
reasonable basis to the segment and expense relating to transactions with other segments.
Inter-segment transfers: Segment revenue, segment expense and segment result include transfers between business segments and between geographical segments. Such transfers are
accounted for at competitive market prices charged to unaffiliated customers for similar goods. Those transfers are eliminated in preparing company-wide results.
48
42. Related party disclosures

AS 18.21
A. Names of related parties43

Related parties where control exists but with which no transactions have taken place during the year:
AS 18.23 (i) & (ii)
43.
Ultimate Holding Company
UH Ltd.
Related parties with whom transactions have taken place during the year:
Holding company
H Ltd.
Subsidiary
B Ltd.
Fellow subsidiary
P Ltd.
Joint ventures
PX Pvt. Ltd. and IC Consultancy Services Ltd.
Associate company
RX Ltd.
Party holding significant influence over the company through voting

power (significant shareholder)
Relative of Mr. A
Mr. A
Managing Director (Key Managerial Personnel)
Mr. M
Whole time Director (Key Managerial Personnel)
Mr. W
Entity owned by Mr. W
Z Ltd.
Mr. C
In case there has been any change in the related party relationship since the previous year, the fact of the change should be disclosed. The disclosures for the previous year should be based on the relationships as existed
in the previous year.
49
B. Related party transactions for the year ended 31 March 2012 44, 45
AS 18.23
Particulars46
Holding
company
Subsidiary
Fellow
Subsidiary
Joint
Ventures
Associate
Significant
shareholder
Key
management
personnel
Relative of
significant
shareholder
Entity owned
by significant
shareholder
(INR in million)
Total
Sale of goods
Purchase of goods
Purchase of fixed assets
Sale of fixed assets
Rendering of services
Receiving of services
Managerial remuneration (see Note
below)
Agency arrangements
Leasing or hire purchase
arrangements
Transfer of research and development
License agreements
Trade receivables (gross)
Provision for doubtful receivables
Trade payables
Loans/ deposits taken
Loans/ deposits given
Capital advances given
Provision for doubtful loans/deposits
given
Guarantees given
Guarantees obtained
Dividends received
Dividends paid
Equity contributions received
Equity contributions made
Total
44.
45.
46.
Items of a similar nature may be disclosed in aggregate by type of related party. A material related party transaction with an individual party cannot be clubbed in an aggregated disclosure. Ordinarily a related party
transaction, the amount of which is in excess of 10% of the total related party transactions of the same type (such as purchase of goods), is considered material, unless on the basis of facts and circumstances of
the case it can be concluded that even a transaction of less than 10% is material.
The previous year figures may alternatively be given within parentheses against the current year figures.
The list of transactions is illustrative only and may need additions/amendments, etc. in an actual situation. For example, transactions of a kind not illustrated here may have taken place. Conversely, some of the
kinds of transactions illustrated here may not have taken place.
50
C. Related party transactions for the year ended 31 March 2011

AS 18.23
Particulars47
Holding
company
Subsidiary
Fellow
Subsidiary
Joint
Ventures
Associate
Significant
shareholder
Key
management
personnel
Relative of
significant
shareholder
Entity owned
by significant
shareholder
(INR in million)
Total
Sale of goods
Purchase of goods
Purchase of fixed assets
Sale of fixed assets
Rendering of services
Receiving of services
Managerial remuneration (see Note
below)
Agency arrangements
Leasing or hire purchase
arrangements
Transfer of research and development
License agreements
Trade receivables (gross)
Provision for doubtful receivables
Trade payables
Loans/ deposits taken
Loans/ deposits given
Capital advances given
Provision for doubtful loans/deposits
given
Guarantees given
Guarantees obtained
Dividends received
Dividends paid
Equity contributions received
Equity contributions made
Total
47.
The list of transactions is illustrative only and may need addition/amendment, etc. in an actual situation. For example, transactions of a kind not illustrated here may have taken place. Conversely, some of the kinds
of transactions illustrated here may not have taken place
51
Note: Details of remuneration of key managerial personnel
48
Remuneration of key managerial personnel comprised the following:
(INR in million)
31 March 2012
Short-term employment benefits

Post-employment benefits
Other long-term benefits
Share-based payments
48.
This is a suggested disclosure
31 March 2011
52
[Name]
RS VI, GI. BS.6.T;
AS 29.68
43. Contingent liabilities and commitments

(to the extent not provided for)
(INR in million)
31 March 2012
31 March 2011
Contingent liabilities:
a. Claims against the company not acknowledged as debts [See Note below]
b. Guarantees outstanding (including guarantees of INR XX million given on behalf of
directors49; (previous year: INR XX million)
c. Discounted bills receivable/cheques
Commitments:
a. Estimated amount of contracts remaining to be executed on capital account and not
provided for
b. Uncalled liability on shares and other investments partly paid-up
c. Non-cancellable contractual commitments relating to acquisition of intangible assets
d. Non-cancellable contractual commitments relating to purchase of business (identify
business)
e. Equity funding of subsidiary B Ltd.
Refer note for contingent liabilities/capital and other commitments in relation to joint ventures
Note:
AS 29.68
i.
A demand notice dated 20 June 2011 was received raising a demand for payment of additional excise duty of INR XX million
for the period 2010-2011. The notice has been contested. In a similar case earlier, the appeal of the company was upheld
by CEGAT. The company has also been advised by two reputed firms of solicitors that the excise duty demand against the
company is untenable in law and the likelihood of the demand being upheld is low. Accordingly, no provision in respect thereof
has been made.
ii.
Other claims not acknowledged as debts include those for ----------
44. Derivative instruments
ICAI Ann. on
derivative (2005
and 2008)
The Company uses forward exchange contracts and cross-currency options to hedge its exposure to movements in foreign
exchange rates.
I. Outstanding derivative instruments
(INR in million)
Category
Forward exchange contracts
(to hedge trade receivables)
Forward exchange contracts
(to hedge highly probable exports)
Currency options
(to hedge trade payables)
49.
Currency
Hedged
31 March 2012
31 March 2011
USD
EURO
USD
Not specifically required by the schedule. To the extent the directors are considered as KMPs, the disclosure would be required pursuant to AS 18 as part
of the note relating to related party disclosures.
53
[Name]
II. Unhedged foreign currency exposures
Foreign currency exposures on account of trade receivables / trade payables not hedged by derivative instruments are as
follows:
31 March 2012
Amount
(in original
currency)
Amount
(INR in million)
31 March 2011
Amount
(in original
currency)
Amount
(INR in million)
Trade receivables
USD
EURO
JPY
Trade payables
USD
EURO
Clause 32
of Listing
agreement
45. Loans and advances in the nature of loans given to subsidiaries/associates etc. 50
31 March 2012
31 March 2011
Maximum
amount
outstanding
during 2011-12
(INR in million)
Maximum
amount
outstanding
during 2010-11
i. To subsidiary B Ltd.51
ii. To firms/companies in which directors are
interested Z Ltd.
iii. (a) Where there is no repayment schedule or
repayment schedule is beyond seven
years52
(b) No interest is stipulated or it is below bank
rate53
iv. Investment in the shares of the company or
any of its subsidiaries by any of the loans as
stated above53
50.
To be given only in case of listed companies.
51.
In case there is any loan or advance given to an associate, it should be disclosed separately.
52.
Under each head, name and amount should be given.
53.
These details should be given even where year-end loan figure is Nil.
54
[Name]
Section 22 of
MSMED Act,
2006
46. Dues to micro and small suppliers54

31 March 2012
(INR in million)
31 March 2011
The amounts remaining unpaid to micro and small suppliers as at the end of the year55
Principal
Interest
The amount of interest paid by the buyer as per the Micro Small and Medium Enterprises
Development Act, 2006 (MSMED Act, 2006)56.
The amounts of the payments made to micro and small suppliers beyond the appointed
day during each accounting year57
The amount of interest due and payable for the period of delay in making payment (which
have been paid but beyond the appointed day during the year) but without adding the
interest specified under MSMED Act, 200658
The amount of interest accrued and remaining unpaid at the end of each accounting year59
The amount of further interest remaining due and payable even in the succeeding years,
until such date when the interest dues as above are actually paid to the small enterprise for
the purpose of disallowance as a deductible expenditure under the MSMED Act, 200660
54.
As defined in MSMED Act, 2006.
55.
Against this item, show:

Principal amount payable to suppliers as at the year-end
Interest accrued on the above amount as at the year-end (whether payable contractually or as per section 16 of MSMED Act).
56.
Amount of interest for delayed payments to suppliers pursuant to section 16 of MSMED Act actually paid during the year, irrespective of the period to
which such interest relates may be shown here.
57.
Amount of delayed payments actually made to suppliers during the year may be shown here.
58.
Amount of interest payable contractually on delayed payments actually made during the year (irrespective of when the payment became due) may be
stated. This interest should pertain to only the period of delay.
59.
Amount of interest accrued and unpaid as at year-end (whether payable contractually or as per section 16 of MSMED Act) may be shown.
60.
Any unpaid statutory interest disallowable as deductible expenditure under section 23 of MSMED Act should continue to be shown in subsequent balance
sheets till it is paid.
55
[Name]
RSVI. GI. PL. (5)
(viii)(c)
47. Details of imported and indigenous raw materials, components and spare parts consumed during the financial year
(INR in million)
31 March 2012
31 March 2011
Value
% of total
consumption
Value
% of total
consumption
Raw materials
Imported
Indigenous
Components
Imported
Indigenous
Spare parts
Imported
Indigenous
RSVI. GI. PL (5)

(viii)(a)
48. Value of imports on CIF basis61

(INR in million)
31 March 2012
31 March 2011
31 March 2012
(INR in million)
31 March 2011
Raw materials
Components and spare parts
Capital goods
RSVI. GI. PL. (5)

(viii)(b)
49. Expenditure in foreign currency62
Royalty
Know-how
Professional and consultation fees
Interest
Other expenditure (specify nature- travel, freight etc.)63
Wherever the records for raw materials and components are maintained together, the information required under this clause pertaining to
components can be presented collectively with raw materials.
Where it is not possible to segregate the imported spare parts and imported stores owing to practical difficulties, the total value of imports of
stores and spare parts may be shown against a caption which clearly indicates that the value shown relates to both the stores as well as the
spare parts.
62. The disclosure of expenditure as well as earnings in foreign currency should be made only on accrual basis (GN para 11.2.5 and 11.5.2).
63. To the extent the expenditure has been disclosed as part of any other disclosure requirement e.g. value of imports, it need not be included under
this head (GN para 11.2.4).
61.
56
[Name]
RSVI. GI. PL. (5)
(viii)(e)
50. Earnings in foreign currency62

(INR in million)
31 March 2012
31 March 2011
Exports on F.O.B. basis

Royalty, know-how, professional and consultation fees
Interest and dividend
Other income (specify nature- freight, claims etc.)
The earnings are stated at gross amounts. The amount of income tax deducted at source is INR XX million (previous year: INR XX
million) and the net amount is INR XX million (previous year: INR XX million).
RSVI. GI. PL. (5)

(viii)(d)
51. Dividend remittances in foreign currency
(INR in million)
31 March 2012
31 March 2011
Year to which the dividend relates

Amount remitted during the year (INR in million)
Number of non-resident shareholders
Number of shares on which dividend was due
RSVI.GI.BS.6V
52. Utilisation of the proceeds of rights issue

During the current year, the company raised a sum of INR XX million through a rights issue of equity shares to finance the
construction of a new factory. The construction is under progress. The proceeds have been utilised as follows:
(INR in million)
31 March 201264
Proceeds from rights issue
Utilisation during the year
Land acquisition
Construction cost incurred
Unutilised amount at the end of the year
Pending its utilisation, the above amount of INR XX million is invested on a short-term basis as follows:
Fixed deposits with banks
Schemes of mutual funds
Balance in current account with banks
64.
The disclosure should include the corresponding figures where applicable.
Notes
Notes
Notes
Contact us
Feedback@KPMG
www.kpmg.com/in
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual
or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information
is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information
without appropriate professional advice after a thorough examination of the particular situation.
2012 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated
with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.
The KPMG name, logo and cutting through complexity are registered trademarks or trademarks of KPMG International.

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Financial Statements

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Illustrative

About these financial statements

Statement of Profit and Loss

General Instructions for preparation of Balance Sheet

General Instructions for preparation of Statement of Profit

Guidance Note on the Revised Schedule VI to the

Accounting Standards notified under Companies

Guidance Note on Accounting for Employee Share-based

SEBI Guidelines, 1999

SEBI (Employee Stock Option Scheme (ESOP) &

Guidance Note on Accounting for Credit Available in

Schedule XIV to the Companies Act, 1956

GN. Reval Reserve

Guidance Note on Availability of Revaluation Reserve for

MSMED Act, 2006

Micro, Small and Medium Enterprises Act, 2006

Statement of Profit and Loss

Cash Flow Statement

Significant accounting policies

Changes in accounting policies

Reserves and surplus

Deferred tax liabilities (net)

Other long-term liabilities

Other current liabilities

Tangible fixed assets

Intangible fixed assets

Long-term loans and advances

Other non-current assets

Cash and bank balances

Short-term loans and advances

Other current assets

Revenue from operations

Cost of materials consumed

Purchases of stock in trade

Changes in inventories of finished goods, work-in-progress and stock-in-trade

Depreciation and amortisation

Prior period item

Earnings per share (EPS)

Employee benefits: post employment benefit plans

Employee share-based payment plans

Related party disclosures

Contingent liabilities and commitments

Dues to micro and small suppliers

Value of imports on CIF basis

Expenditure in foreign currency

Earnings in foreign currency

Dividend remittances in foreign currency

Utilisation of the proceeds of rights issue

EQUITY AND LIABILITIES

RSVI. BS. I (1)

RSVI. BS. I (3)

Deferred tax liabilities (net)1

RSVI. BS. I (4)

RSVI. BS. II (1)

Intangible fixed assets under development

RSVI. BS. II (2)

Long-term loans and advances

Other current assets

As per our report of even date attached

For and on behalf of the Board of Directors of [Name]

(Name of the Partner)

Revenue from operations

Sale of products (gross)

Cost of materials consumed