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In determining cost of raw materials income and expenses during the period. ,
packing materials, stock-in-trade, stores, spares, components and consumables,
asianpaints maintained the weighted average method to find out inventories and
maintain it properly.
In asianpaints operating activities are recorded in indirect basis ,the cash inflow from the
operating activities are 826.37 which is more than 7% of previous year inflow i.e
762.46. in asianpaints more money spend in investing activities i.e 512.13 the previous
year investment is (440.40). cash flow from financing activities in asianpaints is (326.21)
that means money spend in providing dividend .total cash flow of asianpaints including
all three activities is 624.31 ,the cash inflow from foreign exchange is 10.35 and cash
in hand in current year is 626.23.
AS-5 NET PROFIT OR LOSS FOR THE PERIOD,PRIOR PERIOD ITEM AND
CHANGES IN ACCOUNTING POLICIES
AS-6 ACCOUNTING FOR DEPRECIATION
Depreciation on all fixed assets is provided under Straight Line Method. The rates of
depreciation prescribed in Schedule XIV to the Companies Act
For Phthalic Anhydride and Pentaerythritol plants, depreciation is provided on all eligible
plant and machinery at rates applicable for continuous process plants and for other
plant and equipment depreciation is provided on triple shift basis.
Revenue from sale of goods is recognized to transferring all risk and reward ownership
to buyer .revenue is including with sales taxes/vat and net rate of return. Revenue of
service is recognized on rendering service to customer. Process income is finding out
through the accrual basis. Interest income is recognized on the time proportion basis.
Dividend income is recognized when right to receive payment established.
Cost of fixed asset include taxes , duties ,fright and other direct expenses related with
fixed asset
Transactions in foreign currencies entered into by the Company are accounted at the
exchange rates prevailing on the date of the transaction. This year total foreign gain of
asian paints is 42.25
Current investments are carried at lower of cost and fair value. The comparison of cost
and fair value is done separately in respect of each category of investments.On disposal
of an investment, the difference between its carrying amount and net disposal proceeds
is charged or credited to the Statement of Profit and Loss. Profit or loss on sale of
investments is determined on a first-in-first-out (FIFO) basis.
Asian paints are not acquired any company .so this as-14 is not applicable.
AS-15 EMPLOYEESE BENIFITES
employees benefit of this company is divided in to two main part a) short term
employees benefits and b) post employees benefits. Short term benefits means benefits
provided to employees with twelve month. Post employees benefits means benefits
provided to employees in life time basis..
asianpaint provided to his/her employees the following -------
2)Gratuity scheme
3)Pension scheme
Total employees benefits of asianpaints is 341.63 ,it is more than the previous year
expenses i.e 300.45
The Basic and Diluted Earnings Per Share (EPS) is computed by dividing the net profit
after tax for the year by weighted average number of equity shares outstanding during
the year . so basic eps of this year rs 99.92 and diluted eps is rs 80.81 on face value of
10 rupees
The following are the associate company which holding by the asian paints