Basic HTML Version
164
Sixty-Seventh Annual Report 2011-2012
34. Purchase of products for Sale :
2011 -2012
2010-2011
(a) Spare parts and accessories for sale
1,558.96
1,350.25
(b) Bodies and trailers for mounting on chassis
1,637.87
956.50
(c) Vehicles
53,583 nos.
(2010-11 : 82,563 nos.)
3,237.12
5,056.38
6,433.95
7,363.13
35. Expenditure incurred on Research and Development :
2011 -2012
2010-2011
(a) Revenue expenditure - charged to Profit and Loss Statement
243.30
121.86
(b) Revenue expenditure - capitalised
1,127.86
897.16
(c) Capital expenditure
177.53
168.19
1,548.69
1,187.21
2011 -2012
2010-2011
36.
(a) Auditors' remuneration (excluding service tax) :
(i) Audit fees
4.00
4.00
(ii) Audit fees for financial statements as per IFRS
(including SOX certification)
3.50
3.75
(iii) In other capacities :
Company law matters (
`
35,000 for 2011-12,
`
35,000 for 2010-11)
-
-
Tax audit / Transfer pricing audit
0.49
0.56
Taxation matters
0.20
0.22
(iv) Other services @
0.07
0.08
(v) Reimbursement of travelling and out-of-pocket expenses
0.34
0.14
(b) Cost Auditors' remuneration (excluding service tax)
(i) Cost Audit fees
0.14
0.10
(ii) Reimbursement of travelling and out-of-pocket expenses
0.01
0.01
Notes:
@ Excludes audit fees debited to Securities Premium Account related to
Qualified Institutional Placement (QIP) issue
-
0.50
2011 -2012
2010-2011
37.
(a)
Product warranty
Opening balance
398.25
248.63
Add: Provision for the year (net)
368.42
376.47
Less: Payments / debits (net of recoveries from suppliers)
(313.91)
(226.85)
Closing balance
452.76
398.25
Current
387.26
346.27
Non-current
65.50
51.98
(b)
Provision for Deliquency
Opening balance
9.96
-
Add: Provision for the year (net)
118.62
9.96
Less: Payments / debits (net)
19.77
-
Closing balance
108.81
9.96
Current
-
-
Non-current
108.81
9.96
(c)
Premium on redemption of Foreign Currency Convertible Notes (FCCN)
and Convertible Alternative Reference Securities (CARS):
Opening balance
801.09
993.15
Foreign currency exchange loss / (gain)
100.99
(3.22)
Premium on redemption of FCCN (including withholding tax)
(0.97)
-
Reversal of provision for premium due to conversion of FCCN
-
(168.57)
Provision / (Reversal of provision) for withholding tax upon conversion / redemption /
foreign currency exchange of FCCN
11.39
(20.27)
Closing balance
912.50
801.09
Current
855.73
0.87
Non-current
56.77
800.22
(
`
in crores)
NOTES FORMING PART OF FINANCIAL STATEMENTS