ಕಂಪನಿಯ ಅಕೌಂಟಿಗ್ ಪಾಲಿಸಿ Aastha Broadcasting Network Ltd.

Mar 31, 2014

A) Accounting Convention:

The Financial Statements have been prepared on historical cost convention and are drawn in accordance with normally accepted Accounting Principles.

b) Accounting Concept:

The Company follows mercantile system of accounting and recognises income and expenditure on Accrual basis, except encashment of Leave Salary, Ex-gratia/Gratuity and follows going concern concept.

c) Income & Expenditure:

All the Income & Expenditure are accounted for on Accrual Basis.

d) Fixed Assets & Depreciation:

a. All fixed assets are accounted for at cost inclusive of installation and incidental expenses less depreciation.

b. Depreciation on all fixed assets is being provided for on Straight Line basis as per rates prescribed under Schedule XIV to the Companies Act, 1956.

f) Foreign Currency

Transaction in foreign currency is recorded at the exchange rate prevailing on the date of transaction. Monetary assets and liabilities denominated in foreign currency are translated at the rates of exchange as on balance sheet date and the resultant gain or loss is recognized in the Profit and Loss account.

g) Taxes on Income

Provision for Current Tax is made in the accounts on the basis of tax liability as per the applicable Tax Rate and Tax laws.

Deferred tax on timing differences between taxable income and accounting income is accounted subject to consideration of prudence, measured using the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax assets on unabsorbed depreciation and carry forward of losses is accounted if there is virtual certainty that there will be sufficient future taxable income available to realize such assets.

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Mar 31, 2012

A) Accounting Convention:

The Financial Statements have been prepared on historical cost convention and are drawn in accordance with normally accepted Accounting Principles.

b) Accounting Concept:

The Company follows mercantile system of accounting and recognises income and expenditure on Accrual basis, except encashment of Leave Salary, Ex-gratia/Gratuity and follows going concern concept.

c) Income & Expenditure:

All the Income & Expenditure are accounted for on Accrual Basis.

d) Fixed Assets & Depreciation:

a. All fixed assets are accounted for at cost inclusive of installation and incidental expenses less depreciation.

b. Depreciation on all fixed assets is being provided for on Straight Line basis as per rates prescribed under Schedule XIV to the Companies Act, 1956.

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Jun 30, 2011

A) Accounting Convention

The Financial Statements have been prepared on historical cost convention and are drawn in accordance with normally accepted Accounting Principles.

b) Accounting Concept:

The Company fallows mercantile system of accounting and recognises income and expenditure on Accrual basis, except encashment of Leave Salary, Ex- gralla/ Gratulty and follows going concern concept

c) Income & Expenditure

All Ihe Income & Expenditure are accounted for on Accrual Basis.

d) Fixed Assets & Depreciation:

a All fixed assets are accounted for at cost Inclusive of installation and Incidental expenses less depreciation

b Depreciation on all fixed assets is being provided for on Straight line basis as per rates prescribed under Schedule XIV to the Companies Act. 1956.

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Mar 31, 2010

A) Accounting Convention:

The Financial Statements have been prepared on historical cost convention and are in accordance with normally accepted Accounting Principles.

b) Accounting Concept

The Company follows mercantile system of accounting and recognizes income and expenditure on Accrual basis, except encashment of leave Salary, Ex-gratia/ Gratuity, and follows going concern concept.

c) Income & Expenditure:

All the Income & Expenditure are accounted for on Accrual Basis.

d) Fixed Assets & Depreciation:

All fixed assets are accounted for at cost inclusive of installation and incidental expenses less depreciation.

b. Depreciation on all fixed assets has been provided on Straight Line basis as per rates prescribed under Schedule XIV to the Companies Act, 1956