ಕಂಪನಿಯ ಅಕೌಂಟಿಗ್ ಪಾಲಿಸಿ Teknomin Aqua Exports(I) Ltd.

(a) Assets and Liabilities are recorded at Historic cost to the Company.

(b) Assets under erection/installation arid advances paid for acquisition of assets are shown as capital work-in-progress.

2. In the matter of compliance with the Accounting Standard "AS-22, Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India (ICAI), it is to state that since the Company has unabsorbed losses to the tune of Rs. 457.121acs and further it is incurring continuous losses, there is very much uncertain in availability of future taxable income against which the deferred tax assets can be realised. As such the provision for deferred tax assets is not made.

3. The Calis-in-arrear account amounting to Rs. 1,49,500/- in respect of allotment money receivable is subject to reconciliation. Interest received on Payment of Calls-in-arrears is accounted for on actual receipt basis.

4. Depreciation was provided on W.D.V basis at the rates prescribed as per the schedule XIV of the companies Act, 1956.

5. Contingent Liability:

(a) Assets and Liabilities are recorded at Historic cost to the Company.

(b) Assets under erection/installation and advances paid for acquisition of assets are shown as capital work-in-progress.

(a) Assets and Liabilities are recorded at Historic cost to the Company.

(b) Assets under erection/installation and advances paid for acquisition of assets are shown as capital work-in-progress.

(a) Assets and Liabilities are recorded at Historic cost to the Company.

(b) Assets under erection/installation and advances paid for acquisition of assets are shown as capital work-in-progress.