Statutory Reports
Corporate Overview
69th Annual Report 2013-14
158
Financial Statements
(Standalone)
(
`
in crores)
29.
Disclosure in respect of leases
As at
As at
March 31,
March 31,
2014
2013
(A) Finance leases :
Assets taken on lease :
(a)
(i)
Total of minimum lease payments
40.73
52.32
The total of minimum lease payments for a period :
Not later than one year
24.29
21.02
Later than one year and not later than five years
16.44
31.30
(ii)
Present value of minimum lease payments
36.73
48.98
Present value of minimum lease payments for a period :
Not later than one year
21.93
17.06
Later than one year and not later than five years
14.80
31.92
(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. The finance lease obligation is secured
by a charge against the said assets.
(B) Operating leases
Assets given on lease :
(a)
Total of minimum lease payments
21.11
58.95
The total of minimum lease payments for a period :
Not later than one year
2.64
4.41
Later than one year and not later than five years
10.55
17.63
Later than five years
7.92
36.91
(b)
Gross block
34.49
79.68
Accumulated Depreciation
13.84
18.83
Depreciation for the year
`
2.64 crores
(2012-13
`
4.02 crores)
(c)
A general description of significant leasing arrangements-
The Company has entered into Operating lease arrangements
for buildings and plant and machinery.
NOTES FORMING PART OF FINANCIAL STATEMENTS
