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142
Sixty-Seventh Annual Report 2011-2012
(
`
in crores)
NOTES FORMING PART OF FINANCIAL STATEMENTS
As at
As at
March 31,
March 31,
5. Deferred tax liabilities (net)
2012
2011
(a)
Major components of deferred tax arising on account of
timing differences are:
Liabilities:
Depreciation
(1,237.11)
(1,176.14)
Product development cost
(1,808.58)
(1,530.73)
Others
(50.35)
(1.29)
(3,096.04)
(2,708.16)
Assets:
Employee benefits / expenses allowable on payment basis
101.82
92.54
Provision for doubtful debts
171.29
157.69
Premium on redemption of CARS
(including exchange fluctuation on premium)
126.74
111.13
Unabsorbed depreciation and business losses
566.99
281.83
Others
23.79
41.81
990.63
685.00
Net deferred tax liability
(2,105.41)
(2,023.16)
(b)
Tax expense :
(i)
Current tax
Current tax
289.44
434.76
Less : Minimum Alternate Tax (MAT credit)
(288.88)
(426.36)
0.56
8.40
(ii)
Deferred tax
Opening deferred tax
2,023.16
1,508.64
Debited /(credited) to Securities Premium Account
(15.99)
138.22
2,007.17
1,646.86
Closing Deferred Tax
2,105.41
2,023.16
Deferred tax charge for the period
98.24
376.30
Total
98.80
384.70
As at
As at
March 31,
March 31,
6. Other long-term liabilities
2012
2011
(a) Liability towards premium on redemption of Non-Convertible Debentures
1,577.28
1,673.83
(b) Deferred payment liabilities
286.25
328.32
(c) Interest accrued but not due on borrowings
33.24
151.47
(d) Others
62.86
67.43
1,959.63
2,221.05