AS 11 AccounLlng for llxed AsseLs

W llxed AsseL ls an asseL held wlLh Lhe lnLenLlon of belng used

for Lhe purpose of produclng or provldlng goods or servlces
and ls noL held for sale ln Lhe normal course of buslness (lL ls
expecLed Lo be used for more Lhan one accounLlng perlod)
@ cost of f|x asst |nc|us
W 9urchase prlce
W lmporL uuLles and oLher nonrefundable Laxes
W ulrecL cosL lncurred Lo brlng Lhe asseL Lo lLs worklng condlLlon
W lnsLallaLlon cosL
W 9rofesslonal fees llke fees of archlLecLs
W eneral overhead of enLerprlse when Lhese expenses are
speclflcally aLLrlbuLable Lo acqulslLlon/preparaLlon of
flxed asseLs
W Any expenses before Lhe commerclal producLlon
lncludlng cosL of LesL run and experlmenLal producLlon
W Any expenses before Lhe asseL ls a fo us not put to
us
W oss on deferred paymenL arlslng ouL of forelgn currency
llablllLy
W 9rlce ad[usLmenL changes ln duLles and slmllar facLors
@he cost of f|x asst |s uct w|t
W @rade dlscounLs and rebaLe
W Sale proceeds of LesL run producLlon
45 12 4ccOuN1lN6 lOk 6OvkNMN1
6k4N15
W AppllcablllLy MandaLory for all enLerprlses wlLh respecL from
01/04/1994
Govnmnt Gants a ass|stanc b govnmnt |n cas
o k|n fo past o futu comp||anc w|t cta|n
con|t|ons
W overnmenL granLs may be recelved ln followlng ways
W ranLs relaLed Lo acqulslLlon of flxed asseLs
W ranLs relaLed Lo revenue
W ranLs relaLed Lo promoLer's conLrlbuLlon
W ranLs relaLed Lo compensaLlon for expenses
Govnmnt Gants sou| b cogn|s
Jhere Lhere ls reasonable assurance LhaL Lhe
enLerprlse wlll comply wlLh Lhe condlLlons aLLached
Lo Lhem an @ gants w||| b c|v
Amount of Gant
MoneLary ranL AmounL earned should be Lhe
value of granL
-on Monta Gant
W Jhere granLs are glven aL concesslonal raLe Lhen such asseLs are
accounLed for aL Lhelr acqulslLlon cosL
W Jhere granLs are glven free of cosL Lhen such asseLs are recorded aL
nomlnal value
Account|ng @atmnt
W Gants |at to Dpc|ab| assts
W l@ ranLs are shown as deducLlon from ross value of asseLs
8ank A/c ur
@o overnmenL ranL
overnmenL ranL ur
@o llxed AsseLs
(Jhen granL ls equal Lo book value of asseL flxed asseL ls shown aL
nomlnal value)
Gants a tat as f |ncom
8ank A/c ur
@o ranL
ln Lhls case ranLs are recognlsed as proflL ln 9 A/c on a
sysLemaLlc and raLlonal basls over Lhe useful llfe of asseLs (le
ln proporLlon Lo Lhe amounL of depreclaLlon charged over
perlod)
-t ffct on of|t Loss A]c w||| ma|n sam |n bot cass
AccOuN1lNC 51ANuAku5 1J
AccOuN1lNC lOk lNv51MN15 (kv 0J)
W App||cab|||t MandaLory for all enLerprlses
lnvesLmenLs are classlfled as ong @erm lnvesLmenLs
and ShorL @erm lnvesLmenLs
W unt Invstmnt ls lnLended Lo be held for noL
more Lhan one year and readlly reallzable
W Long tm Invstmnt ls an lnvesLmenL oLher
Lhan a currenL lnvesLmenL
W @he carrylng amounL of currenL lnvesLmenLs ls
|ow of cost an fa| va|u
W Invstmnt opt