Statutory Reports
Corporate Overview
69th Annual Report 2013-14
198
Financial Statements
(Consolidated)
NOTES FORMING PART OF CONSOLIDATED FINANCIAL STATEMENTS
(
`
in crores)
29.
Contingent liabilities, commitments (to the extent not provided for) :
As at
March 31, 2014
As at
March 31, 2013
Description of claims and assertions where a potential loss is possible, but not probable is reported under notes (1), (2) and (3) below :
(1)
Claims against the company not acknowledged as debt
2,403.57
1,698.03
(2)
Provision not made for income tax matters in dispute
123.74
121.49
(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
72.00
74.91
(4)
The Company has given guarantees for liability in respect of receivables assigned by way of securitisation
503.94
1,249.21
(5)
Other money for which the Company is contingently liable :
(i)
In respect of bills discounted and export sales on deferred credit
730.57
493.66
(ii)
Cash margin / collateral
153.38
203.31
(iii)
In respect of subordinated receivables
1.04
2.95
(iv)
Others
45.65
59.26
(6)
Estimated amount of contracts remaining to be executed on capital account and not provided for
12,243.98
4,105.72
(7)
Purchase commitments
11,913.23
13,351.71
30.
Disclosure in respect of leases :
As at
March 31, 2014
As at
March 31, 2013
(A)
Finance leases :
Assets taken on lease:
(a)
(i) Total of minimum lease payments
42.14
56.82
The total of minimum lease payments for a period :
Not later than one year
24.75
22.78
Later than one year and not later than five years
17.39
33.86
Later than five years
-
0.18
(ii) Present value of minimum lease payments
37.94
50.55
Present value of minimum lease payments for a period :
Not later than one year
22.30
17.41
Later than one year and not later than five years
15.64
32.97
Later than five years
-
0.17
(b)
A general description of the significant leasing arrangements - The Company has entered into finance lease
arrangements for computers and data processing equipments from various vendors.
(B)
Operating leases :
Assets taken on lease:
(a)
Total of minimum lease payments
912.77
380.99
The total of minimum lease payments for a period :
Not later than one year
299.13
101.96
Later than one year and not later than five years
427.60
190.08
Later than five years
186.04
88.95
(b)
A general description of significant leasing arrangements - The Company has entered into operating lease ar-
rangements for property, computers and data processing equipments from various vendors.
