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196
Sixty-Seventh Annual Report 2011-2012
(
`
in crores)
30. Contingent liabilities, commitments (to the extent not provided for) :
Description of claims and assertions where a potential loss is possible, but not probable is reported under notes (1), (2) and (3) below :
As at
As at
March 31,
March 31,
2012
2011
(1) Claims against the company not acknowledged as debts
1,392.15
1,807.28
(2) Provision not made for income tax matters in dispute
171.05
452.05
(3) The claims / liabilities in respect of excise duty, sales tax and other matters
where the issues were decided in favour of the Company for which
Department is in further appeal
73.50
133.82
(4) The Company has given guarantees for liability in respect of receivables
assigned by way of securitisation
2,059.29
3,416.43
(5) Other money for which the Company is contingently liable:
(i) In respect of bills discounted and export sales on deferred credit
151.58
181.46
(ii) Cash margin / collateral
251.17
731.93
(iii) In respect of retained interest in securitisation transactions
-
0.81
(iv) In respect of subordinated receivables
20.77
69.91
(v) Others
76.31
93.09
(6) Estimated amount of contracts remaining to be executed
on capital account and not provided for
5,961.81
5,025.31
(7) Purchase commitments
13,321.97
14,089.20
As at
As at
March 31,
March 31,
31. Disclosure in respect of leases :
2012
2011
(A) Finance leases :
Assets taken on lease:
(a) (i) Total of minimum lease payments
52.24
21.04
The total of minimum lease payments for a period :
Not later than one year
15.17
7.34
Later than one year and not later than five years
36.71
13.16
Later than five years
0.36
0.54
(ii) Present value of minimum lease payments
46.43
18.91
Present value of minimum lease payments for a period :
Not later than one year
14.15
6.53
Later than one year and not later than five years
31.95
11.90
Later than five years
0.33
0.48
(b)
A general description of the significant leasing arrangements -
The Company has entered into finance lease arrangements for computers and
data processing equipments from a vendor
(B) Operating leases :
Assets taken on lease:
(a) Total of minimum lease payments
392.40
255.64
The total of minimum lease payments for a period :
Not later than one year
96.85
91.88
Later than one year and not later than five years
243.08
162.54
Later than five years
52.47
1.22
(b) A general description of significant leasing arrangements-
The Company has entered into finance lease arrangements for computers and
data processing equipments from a vendor
NOTESFORMINGPARTOFCONSOLIDATEDFINANCIALSTATEMENTS