Alang Marine Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

Mar 31, 2002

A) Method of Accounting: Accrual Basis

b) Fixed Assets: Fixed assets are stated at acquisition cost.

c) Depreciation: Depreciation has been provided on SLM basis as per rates prescribed in Schedule XIV of the Companies Act, 1956.

d) Inventories: Inventories have been valued at cost. (As taken. Valued and certified by the management)

e) Retirement benefit: Providend Fund on actual liability basis. Gratuity - not provided.

f) Investment: Investments are valued at cost. Depreciation in value of long term investments is not provided.

Mar 31, 1999

A) Method of Accounting : Accrual Basis

b) Fixed Assets : Fixed assets are stated at acquisition cost.

c) Depreciation : Depreciation is provided on SLM basis as per rates prescribed in Schedule XIV of the Companies Act, 1956.

d) Inventories : Inventories have been valued at cost. (As per taken, Valued and certified by the management)

2. Previous year figures have been regrouped wherever necessary.

3. No provision for Gratuity has been made, since at present none of the employee qualifies for Gratuity.

4. Debtor's and creditor's balances are subject to confirmation.

Mar 31, 1998

1. Method of Accounting :

Accrual Basis in respect of ship building contracts, the method of accounting has been changed from proportionate completion method to contract completion method. The effect of such change has not been ascertained.

2. Fixed Assets :

Fixed assets are stated at acquisition cost.

3. Depreciation :

Depreciation is provided on SLM basis as per rates prescribed in Schedule XIV of the Companies Act, 1956.

4. Inventories :

Inventories have been valued at cost. (As per taken, Valued and certified by the management)

Mar 31, 1997

Information will not available in annual report 1997-98.

Mar 31, 1996

A) Method of Accounting : Accrual Basis

b) Fixed Assets Fixed assets are stated at acquisition cost.

c) Depreciation : Depreciations is provided on SLM basis as per rates prescribed in Schedule XIV of the Companies Act 1956.

d) Inventories : Inventories have been valued at cost.

Mar 31, 1995

A) Method of Accounting : Accrual Basis

b) Fixed Assets Fixed assets are stated at acquisition cost.

c) Depreciation : Depreciations is provided on SLM basis as per rates prescribed in Schedule XIV of the Companies Act 1956.

d) Inventories : Inventories have been valued at cost.

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