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77
Annual Report 2011-12
Notes on Accounts
C. Outstanding balance and balance written off/written back:
Outstanding Balances
Written off/Written back
As at
As at
As at
As at
31.03.2012 31.03.2011 31.03.2012 31.03.2011
Key Management Personnel
–
–
–
–
Subsidiaries
20.54
10.54
–
–
Others
–
–
–
–
43. Segmental Reporting:
The business activity of the Company falls within one broad business segment viz “Ceramic Tiles” and substantially sale
of the product is within the country. The Gross income and profit from the other segment is below the norms prescribed
in AS-17 of The Institute of Chartered Accountants of India. Hence the disclosure requirement of Accounting Standard 17
of “Segment Reporting” issued by the Institute of Chartered Accountants of India is not considered applicable.
44. Earnings per share (EPS) – The numerators and denominators used to calculate Basic and Diluted Earning per share:
45.
Previous year figures have been regrouped / recast wherever necessary.
Year ended
Year ended
31.03.2012
31.03.2011
Profit attributable to the Equity Shareholders - (A) (
`
in Millions)
807.15
606.62
Basic /Weighted average number of Equity Shares outstanding during the year (B)
73,583,580
73,583,580
Nominal value of Equity Shares (
`
)
2.00
2.00
Basic/Diluted Earnings per share (
`
) - (A)/(B)
10.97
8.24
Signature to the schedule 1 to 45
In terms of our report of even date Annexed
For and on behalf of the Board
For
O. P. Bagla & Co.
D. P. Bagchi
Chartered Accountants
R. K. Bhargava
R. R. Bagri
Atul Bagla
Ashok Kajaria
H. Ratnakar Hegde
R. C. Rawat
Partner
Chairman & Managing Director
Directors
Sr. Vice President (A & T) &
Membership No.: 91885
Company Secretary
Chetan Kajaria
Place: New Delhi
Rishi Kajaria
Dated: 27 April 2012
Jt. Managing Directors
76 Kajaria Ceramics Limited
Notes on Accounts
(
`
in million)
Particulars
Opening as at
Charge/(credit)
Closing as at
01.04.2011 during the year
31.03.2012
Depreciation
601.91
34.37
636.28
Net Deferred Tax Liability
601.91
34.37
636.28
42. Related Party Disclosures:
In accordance with the Accounting Standards (AS-18) on Related Party Disclosures, where control exists and where key
management personnel are able to exercise significant influence and, where transactions have taken place during the
year, alongwith description of relationship as identified, are given below:-
A. Relationships
I.
Key Management Personnel:
Name
Designation
Sh. A. K. Kajaria
Chairman & Managing Director
Sh. Chetan Kajaria
Joint Managing Director
Sh. Rishi Kajaria
Joint Managing Director
Sh. B.K. Sinha
Director Technical
II. Associates/Enterprises over which key management personnel are able to exercise significant influence:
Kajaria Infrastructure Ltd
Kajaria Exports Ltd
Dua Engineering Works Pvt Ltd
Malti Devi Kajaria Charitable Trust
III. Subsidiary Companies
Soriso Ceramic Pvt Ltd
Jaxx Vitrified Pvt Ltd
Kajaria Ceramics Addis Plc
B. The following transactions were carried out with related parties in the ordinary course of business :-
Related Party Transactions
Key Management
Subsidiary
Others
Personnel & Relatives
Purchase of Goods & Services
–
497.22
6.60
(–)
(55.14)
(10.15)
Purchase of Fixed Assets
–
–
5.41
(–)
(–)
(–)
Rent Paid
–
–
8.16
(–)
(–)
(3.71)
Remuneration
51.48
–
–
(30.30)
(–)
(–)
Investment in shares
–
67.32
–
(–)
(56.20)
(–)
Sale of Shares
–
–
14.70
(–)
(–)
(–)
Donation Paid
–
–
3.08
(–)
(–)
(–)
Loan Given
–
26.23
–
(–)
(10.54)
(–)
Share Application Money Paid
–
3.66
–
(–)
(–)
(–)
(Figures in brackets are for previous year)
(
`
in million)
OTHER NOTES ON ACCOUNTS
(CONTD...)
OTHER NOTES ON ACCOUNTS
(CONTD...)
(
`
in million)
b) Deferred Tax:
The Company estimates the deferred tax charge using the applicable rate of taxation based on the impact of timing
differences between financial statements and estimated taxable income for the current year. The movement of
provision for deferred tax is given below: