Nijjer Agro Foods Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

A. Sales:

Sales comprise sale of goods and services excluding excise duty.

B. Fixed Assets:

Fixed Assets other than land are stated at cost, cost of acquisition is inclusive of finance charges during construction period freight, duties, taxes, and incidental expenses relating to acquisition, installation, and erection and commissioning.

C. Depreciation:

During the previous accounting year the method of providing depreciation has been changed due to change in estimated usefull life of the plant, which has now been estimated at 25 years. Accordingly rate of depreciation applicable has been reworked and provided in accounts during the year. There is no change in the method of provision of depreciation on other assets. Freehold land including site development is not depreciated.

D. Inventories:

Finished products produced and purchased by the company are carried at the lower of cost or market value. Raw material, work in progress, drums, aseptic bags, cans, stores and spares purchased by the Company are carried at cost or market value which ever is less. Cost of inventories is generally ascertained on FIFO basis.