Accounting Policies of Yenepoya Minerals and Granites Ltd. Company

Mar 31, 2015

A) The accounts have been prepared under the historical cost convention on the basis of a going concern with the revenues recognised and expenses accounted on their accrual including provisions/adjustments for committed obligations and amounts determined as payable or receivables during the year.

b) Fixed Assets:

i) Fixed assets are stated at historical cost which is inclusive of freight installation cost, duties, taxes and other direct incidental expenses.

c) Investments:

Investments are stated at cost of acquisition.

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Mar 31, 2014

A) The accounts have been prepared under the historical cost convention on the basis of a going concern with the revenues recognised and expenses accounted on their accrual including provisions/adjustments for committed obligations and amounts determined as payable or receivables during the year.

b) Fixed Assets:

i) Fixed assets are stated at historical cost which is inclusive of freight installation cost, duties, taxes and other direct incidental expenses.

c) Investments:

Investments are stated at cost of acquisition.

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Mar 31, 2011

A) The accounts have been prepared under the historical cost convention on the basis of a going concern with the revenues recognised and expenses accounted on their accrual including provisions/adjustments for committed obligations and amounts determined as payable or receivables during the year.

b) FIXED ASSETS:

i) Fixed assets are stated at historical cost which is inclusive of freight installation cost, duties, taxes and other direct incidental expenses.

c) INVENTORIES:

i) Raw materials, consumables, spares, components and stores are valued at cost.

ii) Finished goods are valued at total cost or market price whichever is lower.

d) INVESTMENTS:

Investments are stated at cost of acquisition.

e) MISCELLANEOUS EXPENDITURE:

Miscellaneous expenditure is proposed to be amortized in the year in which sufficient profits are available for amortization.

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Mar 31, 2010

A) The accounts have been prepared under the historical cost convention on the basis of a going concern with the revenues recognised and expenses accounted on their accrual in- cluding provisions/adjustments for committed obligations and amounts determined as payable or receivables during the year.

b) FIXED ASSETS:

i) Fixed assets are stated at historical cost which is inclusive of freight installation cost, duties, taxes and other direct incidental expenses.

c) INVENTORIES:

i) Raw materials, consumables, spares, components and stores are valued at cost.

ii) The work in process is valued at cost.

iii) Finished goods are valued at total cost or market price whichever is lower.

d) INVESTMENTS:

Investments are stated at cost of acquisition.

e) MISCELLANEOUS EXPENDITURE:

Miscellaneous expenditure is proposed to be amortized in the year in which sufficient profits are available for amortization.