DRIVIN G ROWTH - Dr. Reddy's

274
schedules | AS
AT MARCH 31
Particulars 2002 2001
schedule 1.05
CURRENT LIABILITIES & PROVISIONS
Sundry creditors for expenses 16,433 15,833
Total 16,433 15,833
schedule 1.06
MISCELLANEOUS EXPENDITURE
Preliminary expenses (to the extent not written off or adjusted) 7,965 7,965
Total 7,965 7,965
schedules forming part of profit and loss account (Rs)
Year ended Year ended
Particulars 31.03.2002 31.03.2001
schedule 2.01
ADMINISTRATIVE EXPENSES
Filing fee 600 1,500
Auditors’ remuneration
Audit fee 500 500
Bank charges – 125
Total 1,100 2,125
schedule 3.00
NOTES TO THE ACCOUNTS
1. The 12% Cumulative redeemable preference shares are redeemable at par on or before January 23, 2000. Arrears of preference
dividend is Rs 1,170 (previous year Rs 1,074). The same has not been paid in the absence of profits.
2. Additional information pursuant to clause 4(C) and 4(D) of part II schedule VI of the Companies Act, 1956 – Not applicable –
3. Previous year figures are regrouped wherever necessary.
4. ACCOUNTING POLICIES
i) Fixed assets are stated at historical cost less depreciation.
Depreciation has been calculated at amended rates prescribed under straight line method in Schedule XIV of the Companies Act,
1956.
ii) Cost of land and buildings have been apportioned considering the life and usability of the Building.
iii)Revenue recognition of all income and expenditure are accounted on accrual basis, where stated otherwise.
As per our report attached For and on behalf of the Board
for A RAMACHANDRA RAO & CO., DR. K ANJI REDDY Director
Chartered Accountants G V PRASAD Director
P S R V V SURYA RAO
Partner
Hyderabad
April 15, 2002
CHEMINOR INVESTMENTS LTD. | FINANCIALS | ANNUAL REPORT 2001-2002
(Rs)