DRIVIN G ROWTH - Dr. Reddy's

schedules
Schedule – 3.00
NOTES TO THE ACCOUNTS
1. Significant accounting policies
i) Fixed assets
Fixed assets are stated at cost less depreciation. Depreciation has been calculated on the fixed assets of the Company on
Straight Line Method as per the rules specified in Schedule XIV of the Companies Act, 1956.
ii) Revenue recognition of income and expenditure
All interest income and expenditure are accounted on accrual basis except where stated otherwise.
2. The 12% Cumulative redeemable preference shares are going to be redeemed on August 17, 2006 as per the resolution of the
Board Meeting dated August 16, 2001. Arrears of preference dividend is Rs. 1,440/-. (Previous year Rs. 1,344/-).
3. Additional information pursuant to clause 4C and D of Part II, Schedule VI of the Companies Act, 1956 is not applicable.
4. Provision for tax is not made in the absence of taxable profits.
5. Previous year figures are re-grouped and re-classified wherever necessary to confirm the classification adopted for current year.
6. Figures are rounded off to the nearest Rupee.
As per our report attached For and on behalf of the Board
for A RAMACHANDRA RAO & CO. DR. K ANJI REDDY Chairman
Chartered Accountants G V PRASAD Director
A RAMACHANDRA RAO
Partner
Hyderabad
June 4, 2002
DRL INVESTMENTS LTD. | FINANCIALS | ANNUAL REPORT 2001-2002
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