REC- 1-51.p65 - Rural Electrification Corporation Ltd.
REC- 1-51.p65 - Rural Electrification Corporation Ltd.
REC- 1-51.p65 - Rural Electrification Corporation Ltd.
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86<br />
CONSOLIDATED<br />
Authorised<br />
SCHEDULE ‘1’ CAPITAL<br />
(Rs. in Lacs)<br />
As at 31.03.2010 As at 31.03.2009<br />
1200,000,000 (Previous Year 1200,000,000) Equity shares of Rs.10 each 1,20,000.00 1,20,000.00<br />
Issued, Subscribed and Paid up<br />
858,660,000 (Previous Year 858660000) fully paid up Equity shares of Rs. 10 each 98,745.90 85,866.00<br />
Total 98,745.90 85,866.00<br />
SCHEDULE ‘2’ RESERVES AND SURPLUS<br />
Opening Additions/ Deductions/<br />
(Rs. in Lacs)<br />
Closing<br />
Balance adjustments adjustments Balance<br />
as on 01.04.2009 during the year during the year as at 31.03.2010<br />
(A) Capital Reserves<br />
i) Capital Reserve (Grant from USAID) 10,500.00 - - 10,500.00<br />
ii) Security Premium* 72,216.48 2,51,940.52 1,955.19 3,22,201.81<br />
Sub Total (A) 82,716.48 2,51,940.52 1,955.19 3,32,701.81<br />
(B) Other Reserves<br />
i) Special Reserve created u/s 36(1)<br />
(viii) of the Income Tax Act,1961 2,83,779.77 45,803.00 - 3,29,582.77<br />
ii) Reserve for Bad and doubtful debts<br />
u/s 36(1)(viia) of the Income Tax<br />
Act,1961 34,369.13 10,760.00 - 45,129.13<br />
iii) General Reserve** 1,04,987.38 - - 1,04,987.38<br />
Additions: During the year<br />
- Transferred from Profit & Loss A/C - 50,075.00 - 50,075.00<br />
- Reversal of Deferred Tax Liability - 63,879.87 - 63,879.87<br />
1,04,987.38 1,13,954.87 - 2,18,942.25<br />
iv) Profit & Loss Account** 27,603.42 57,720.29 - 85,323.71<br />
Sub Total (B) 4,50,739.70 2,28,238.16 - 6,78,977.86<br />
Total (A+B) 5,33,456.18 4,80,178.68 1,955.19 10,11,679.67<br />
* Additions represent amount transferred from Profit after Tax and the amount of Share Premium received on Further Public Offering<br />
net of amount written back in respect of liability excess provided in previous years for Initial Public Offering. Deductions/ adjustments<br />
represent <strong>REC</strong>’s share of Issue expenses relating to Further Public offering of shares.<br />
** Addition to Surplus Account include Rs. 32,576.87 lakhs and General Reserve Rs. 63,879.87 lakhs on account of reversal of Deferred<br />
Tax Liability created on Special Reserves as explained in note no. 21(b) of Schedule-17, Notes to the accounts.
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