File_2012_Document1

136 Jindal Steel & Power Limited Business Leadership Sustainable Operations Excellent Governance Robust FinancialsStandaloneAnnual Report 2011-12137NOTES to the financial statements as at and for the year ended 31st March, 2012 NOTES to the financial statements as at and for the year ended 31st March, 2012Jindal Petroleum Limited[49,400 (Previous year 49,400) Equity Shares of ` 10 each]Jindal Rex Exploration Private Limited[9,800 (Previous year 9,800) Equity Shares of ` 10 each]Stainless Investments Limited[1,242,000 (Previous year 1,242,000) Equity Shares of ` 10 each]Subansiri Hydro Electric Power Company Limited[1 (Previous year nil) Equity Shares of ` 10 each]X-Zone SDN BHD[36,250 (Previous year 36,250) Equity Shares of Malaysian Ringgit1 each](` in Crore)As atAs at31st March, 2012 31st March, 20110.05 0.050.01 0.016.05 6.050.00 -0.04 0.0439.83 39.83Less: Provision for diminution in value of Investments - (11.54)39.83 28.29Total non-current Other Investment 1,412.17 1,210.01Total Non-current Investment 1,412.17 1,210.01Aggregate book value of quoted investments - -Aggregate book value of unquoted investments 1,412.17 1,210.01The Company has unquoted investments of ` 1, 411.61 crore in body corporate (Previous year ` 1,219.25 crore). In the PreviousYears Company had made a provision for diminution in the value of investments of ` 11.54 crore which has been reversed in thecurrent financial year as the same is no longer required.(` in Crore)As at31st March, 2012As at31st March, 201114 LONG TERM LOANS & ADVANCESA) Secured, considered good - -Total Secured Long Term Loans & Advances - -B) Unsecured, considered gooda) Capital Advances 629.98 691.23b) Security Deposits 124.63 69.54c) OthersShare application money 197.04 68.83Others 45.45 25.61Total Unsecured Long Term Loans & Advances 997.10 855.21Total Long Term Loans & Advances 997.10 855.2115 OTHER NON-CURRENT ASSETSAs at31st March, 2012(` in Crore)As at31st March, 2011Bank balances* 4.63 6.03Total Other Non Current Assets 4.63 6.03* [Pledged with Government departments and Others ` 1.04 crore (Previous year ` 3.73 crore)]16 INVENTORIESa) Raw MaterialsAs at31st March, 2012(` in Crore)As at31st March, 2011Inventories 863.13 694.10Goods In transit 252.19 60.98b) Work-in-process1,115.32 755.08Work in process 179.03 165.58179.03 165.58c) Finished GoodsInventories 1,279.17 872.501,279.17 872.50d) Stores & SparesInventories 438.69 399.34Goods In Transit 25.96 4.18464.65 403.52e) OthersTrading Goods - 0.88Scrap 13.14 6.5613.14 7.44Total Inventories 3,051.31 2,204.12